Oct 9 (Reuters) - Canopy Rivers Inc RIV.V :
* CANOPY RIVERS ANNOUNCES PROPOSED RESTRUCTURING OF INVESTMENT IN TERRASCEND
* CANOPY RIVERS INC - TERRASCEND WILL RESTRUCTURE ITS SHARE CAPITAL BY WAY OF A PLAN OF ARRANGEMENT UNDER BUSINESS CORPORATIONS ACT
* CANOPY RIVERS INC - TERRASCEND TO PURSUE STRATEGIC TRANSACTIONS IN CANNABIS SECTOR INTERNATIONALLY
* CANOPY RIVERS INC - AGREED TO WAIVE CERTAIN RESTRICTIVE COVENANTS THAT WERE GRANTED BY TERRASCEND
* CANOPY RIVERS INC - CURRENTLY OWNS 11.3 MILLION COMMON SHARES IN CAPITAL OF TERRASCEND AND COMMON SHARE PURCHASE WARRANTS
* CANOPY RIVERS INC - WILL EXERCISE ITS WARRANTS FOR NO CASH CONSIDERATION, RESULTING IN NET ISSUANCE OF 8.2 MILLION COMMON SHARES
* CANOPY RIVERS INC - EXCHANGEABLE SHARES ARE NOT TRANSFERRABLE OR MONETIZABLE UNTIL EXCHANGED INTO COMMON SHARES
* CANOPY RIVERS-IN INTERIM, HOLDER OF EXCHANGEABLE SHARES WILL NOT BE ENTITLED TO VOTING RIGHTS, DIVIDENDS, OTHER RIGHTS UPON DISSOLUTION OF TERRASCEND