Dec 21 (Reuters) - Canopy Rivers Inc RIV.TO :
* CANOPY RIVERS TO MONETIZE CERTAIN PORTFOLIO ASSETS FOR TOTAL TRANSACTION VALUE OF APPROXIMATELY $297 MILLION AND ELIMINATE DUAL CLASS SHARE STRUCTURE PURSUANT TO AGREEMENT WITH CANOPY GROWTH, ALLOWING CANOPY RIVERS TO SHIFT STRATEGIC FOCUS TO EXPLORE NEW CANNABIS MARKETS FOLLOWING CLOSING
* CANOPY RIVERS INC - RIVERS WILL RECEIVE $115 MILLION IN CASH AND 3.8 MILLION SHARES OF CANOPY GROWTH
* CANOPY RIVERS INC - RIVERS WILL CANCEL ALL 36.5 MILLION MULTIPLE VOTING SHARES AND 15.2 MILLION SUBORDINATE VOTING SHARES OF RIVERS HELD BY CANOPY GROWTH
* CANOPY RIVERS INC - RIVERS TO SELL ITS INTERESTS IN TERRASCEND, TWEED TREE LOT, AND VERT MIRABEL TO CANOPY GROWTH