RIV Capital announced that the New York State Cannabis Control Board (CCB) and the New York State Office of Cannabis Management (OCM) have approved Etain's change of control request. This approval clears the path for the Company to complete its previously announced acquisition of ownership and control of Etain and Etain IP, as all necessary regulatory approvals have been obtained.
The final closing of the Transaction remains subject to customary closing conditions and is expected to occur by the end of the fourth quarter of the calendar year 2022.
For more information:
RIV Capital
www.rivcapital.com