RIV Capital Inc., a crucial player in the cannabis investment and acquisition sector, has announced the appointment of David Vautrin as Chief Retail Officer. This strategic hire comes as the company prepares for a transformative merger with Cansortium Inc., a notable vertically integrated multi-state cannabis operator. David Vautrin, an experienced cannabis and CPG executive, will oversee RIV Capital’s retail and wholesale operations in New York. He is expected to take charge of the combined retail entity post-merger. Vautrin formerly played significant roles at Harbour Community and CannaRoyalty, displaying a comprehensive understanding of cannabis retail operations and brand building. RIV Capital’s interim CEO, Mike Totzke, praised Vautrin for his coast-to-coast experience and contribution to the cannabis industry. The merger, coupled with Vautrin’s leadership, positions RIV Capital to become a leading multi-state cannabis operator in key U.S. markets. This move underscores the firm’s ambition to capitalize on the burgeoning cannabis market, particularly in New York, which is anticipated to be one of the most prominent future markets in the United States.

Cannabis, Private Equity,United States, Canada

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