Canopy Rivers Updates Date for Reporting Fourth Quarter and Fiscal Year 2020 Financial Results

TORONTO, May 26, 2020 /CNW/ - Canopy Rivers Inc. (the "Company" or "Canopy Rivers") (TSX: RIV, OTC: CNPOF) will report its financial results for the fourth quarter and fiscal year ended March 31, 2020 before markets open on Wednesday, June 3, 2020. The Company's audited consolidated financial statements and management's discussion and analysis for the three and twelve months ended March 31, 2020 will be available on the Company's profile on SEDAR at www.sedar.com and on the Company's website at www.canopyrivers.com/investors.

Following the release of its fourth quarter and fiscal year 2020 financial results, Canopy Rivers will host a conference call and audio webcast with Narbé Alexandrian, President and CEO and Eddie Lucarelli, CFO at 9:00 AM Eastern Time on Wednesday, June 3, 2020.

Note: A previous press release stated that the Company would report its results on May 29, 2020.

Webcast Information
A live audio webcast will be available at: https://produceredition.webcasts.com/starthere.jsp?ei=1316913&tp_key=327299e479

Calling Information
North America Toll Free Dial-In Number: 888-390-0546
Conference ID: 60093937

Replay Information
A replay of the call will be accessible by telephone until 11:59 PM Eastern Time on Friday, July 3, 2020.
Toll Free Dial-in Number: 1-888-390-0541
Replay Password: 093937#

About Canopy Rivers
Canopy Rivers is a venture capital firm specializing in cannabis. Its unique investment and operating platform is structured to pursue investment opportunities in the emerging global cannabis sector. Canopy Rivers identifies strategic counterparties seeking financial and/or operating support. Canopy Rivers has developed an investment ecosystem of complementary cannabis operating companies that represent various segments of the value chain across the emerging cannabis sector. As the portfolio continues to develop, constituents will be provided with opportunities to work with Canopy Growth Corporation (TSX: WEED, NYSE: CGC) and collaborate among themselves, which Canopy Rivers believes will maximize value for its shareholders and foster an environment of innovation, synergy and value creation for the entire portfolio.

Forward-Looking Statements
This news release contains statements which constitute "forward-looking information" within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of Canopy Rivers and its portfolio companies with respect to future business activities and operating performance. Forward-looking information is often identified by the words "may", "would", "could", "should", "will", "intend", "plan", "anticipate", "believe", "estimate", "expect" or similar expressions and includes information regarding the timing and availability of the financial results of the Company and the Company's earnings call.

Investors are cautioned that forward-looking information is not based on historical fact but instead reflects management's expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Although Canopy Rivers believes that the expectations reflected in such forward-looking information are reasonable, such information involves risks and uncertainties, and undue reliance should not be placed on such information, as unknown or unpredictable factors could have material adverse effects on future results, performance or achievements of Canopy Rivers or its portfolio companies. Among the key factors that could cause actual results to differ materially from those projected in the forward-looking information are the following: regulatory and licensing risks; changes in cannabis industry growth and trends; changes in general economic, business and political conditions, including changes in the financial markets; the global regulatory landscape and enforcement related to cannabis, including political risks and risks relating to regulatory change; risks relating to anti-money laundering laws; compliance with extensive government regulation, including Canopy Rivers' interpretation of such regulation; public opinion and perception of the cannabis industry; divestiture risks; and the risk factors set out in Canopy Rivers' annual information form dated July 15, 2019, filed with the Canadian securities regulators and available on Canopy Rivers' profile on SEDAR at www.sedar.com.

Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking information prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, believed, estimated or expected. Although Canopy Rivers has attempted to identify important risks, uncertainties and factors that could cause actual results to differ materially, there may be others that cause results not to be as anticipated, estimated or intended. Canopy Rivers does not intend, and does not assume any obligation, to update this forward-looking information except as otherwise required by applicable law.

SOURCE Canopy Rivers Inc.

Media: Rob Small, Senior Manager, Public Relations & Communications, [email protected]; Investor Relations: Karoline Hunter, Senior Director, Investor Relations & Communications, [email protected]