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Canopy Rivers

TSX:RIV
Snowflake Description

Mediocre balance sheet and slightly overvalued.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
RIV
TSX
CA$161M
Market Cap
  1. Home
  2. CA
  3. Diversified Financials
Company description

Canopy Rivers Inc. is a venture capital firm. The last earnings update was 44 days ago. More info.


Add to Portfolio Compare Print
  • Canopy Rivers is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Canopy Rivers has significant price volatility in the past 3 months.
RIV Share Price and Events
7 Day Returns
31.3%
TSX:RIV
2%
CA Capital Markets
6.4%
CA Market
1 Year Returns
-77.7%
TSX:RIV
-19.2%
CA Capital Markets
-25.5%
CA Market
RIV Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Canopy Rivers (RIV) 31.3% -7.7% -23.6% -77.7% - -
CA Capital Markets 2% -24% -26.2% -19.2% -20% -21.3%
CA Market 6.4% -22.6% -26.8% -25.5% -23.5% -17.4%
1 Year Return vs Industry and Market
  • RIV underperformed the Capital Markets industry which returned -19.2% over the past year.
  • RIV underperformed the Market in Canada which returned -25.5% over the past year.
Price Volatility
Industry
5yr Volatility vs Market

RIV Value

 Is Canopy Rivers undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Canopy Rivers to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Canopy Rivers.

TSX:RIV Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model Excess Returns Model
Stable EPS Median Return on Equity from the past 5 years.
= Stable Book Value * Return on Equity
= CA$1.88 * 4.4%
CA$0.08
Book Value of Equity per Share Median Book Value from the past 5 years. CA$1.88
Discount Rate (Cost of Equity) See below 6%
Perpetual Growth Rate 10-Year CA Government Bond Rate 1.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for TSX:RIV
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year CA Govt Bond Rate 1.4%
Equity Risk Premium S&P Global 5.4%
Capital Markets Unlevered Beta Simply Wall St/ S&P Global 0.75
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.754 (1 + (1- 26.5%) (0.46%))
0.837
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.84
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 1.44% + (0.837 * 5.44%)
5.99%

Discounted Cash Flow Calculation for TSX:RIV using Excess Returns Model Model

The calculations below outline how an intrinsic value for Canopy Rivers is arrived at using the Excess Return Model. This approach is used for finance firms where free cash flow is difficult to estimate.

In the Excess Return Model the value of a firm can be written as the sum of capital invested currently in the firm and the present value of excess returns that the firm expects to make in the future.

The model is sensitive to the Return on Equity of the company versus the Cost of Equity, how these are calculated is detailed below the main calculation.

Note the calculations below are per share.

See our documentation to learn about this calculation.

TSX:RIV Value of Excess Returns
Calculation Result
Excess Returns = (Stable Return on equity – Cost of equity) (Book Value of Equity per share)
= (4.4% – 5.99%) * CA$1.88)
CA$-0.03
Terminal Value of Excess Returns = Excess Returns / (Cost of Equity - Expected Growth Rate)
= CA$-0.03 / (5.99% - 1.44%)
CA$-0.64
Value of Equity = Book Value per share + Terminal Value of Excess Returns
= CA$1.88 + CA$-0.64
CA$1.24
TSX:RIV Discount to Share Price
Calculation Result
Value per share (CAD) From above. CA$1.24
Current discount Discount to share price of CA$0.84
= -1 x (CA$0.84 - CA$1.24) / CA$1.24
32.3%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Canopy Rivers is available for.
Intrinsic value
32%
Share price is CA$0.84 vs Future cash flow value of CA$1.24
Current Discount Checks
For Canopy Rivers to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Canopy Rivers's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Canopy Rivers's share price is below the future cash flow value, but not at a substantial discount (< 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Canopy Rivers's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Canopy Rivers's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
TSX:RIV PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in CAD CA$-0.06
TSX:RIV Share Price ** TSX (2020-03-27) in CAD CA$0.84
Canada Capital Markets Industry PE Ratio Median Figure of 16 Publicly-Listed Capital Markets Companies 7.37x
Canada Market PE Ratio Median Figure of 500 Publicly-Listed Companies 10.58x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Canopy Rivers.

TSX:RIV PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= TSX:RIV Share Price ÷ EPS (both in CAD)

= 0.84 ÷ -0.06

-13.05x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canopy Rivers is loss making, we can't compare its value to the CA Capital Markets industry average.
  • Canopy Rivers is loss making, we can't compare the value of its earnings to the Canada market.
Price based on expected Growth
Does Canopy Rivers's expected growth come at a high price?
Raw Data
TSX:RIV PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section -13.05x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 2 Analysts
Not available
North America Capital Markets Industry PEG Ratio Median Figure of 39 Publicly-Listed Capital Markets Companies 1.81x
Canada Market PEG Ratio Median Figure of 235 Publicly-Listed Companies 0.71x

*Line of best fit is calculated by linear regression .

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to calculate PEG ratio for Canopy Rivers, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on Canopy Rivers's assets?
Raw Data
TSX:RIV PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in CAD CA$1.77
TSX:RIV Share Price * TSX (2020-03-27) in CAD CA$0.84
Canada Capital Markets Industry PB Ratio Median Figure of 157 Publicly-Listed Capital Markets Companies 0.82x
Canada Market PB Ratio Median Figure of 2,349 Publicly-Listed Companies 0.99x
TSX:RIV PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= TSX:RIV Share Price ÷ Book Value per Share (both in CAD)

= 0.84 ÷ 1.77

0.47x

* Primary Listing of Canopy Rivers.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Canopy Rivers is good value based on assets compared to the CA Capital Markets industry average.
X
Value checks
We assess Canopy Rivers's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Capital Markets industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Capital Markets industry average (and greater than 0)? (1 check)
  5. Canopy Rivers has a total score of 2/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

RIV Future Performance

 How is Canopy Rivers expected to perform in the next 1 to 3 years based on estimates from 2 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
56.4%
Expected annual growth in revenue.
Earnings growth vs Low Risk Savings
Is Canopy Rivers expected to grow at an attractive rate?
  • Unable to compare Canopy Rivers's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
  • Unable to compare Canopy Rivers's earnings growth to the Canada market average as no estimate data is available.
  • Canopy Rivers's revenue growth is expected to exceed the Canada market average.
Annual Growth Rates Comparison
Raw Data
TSX:RIV Future Growth Rates Data Sources
Data Point Source Value (per year)
TSX:RIV Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 2 Analysts 56.4%
North America Capital Markets Industry Earnings Growth Rate Market Cap Weighted Average 5.8%
North America Capital Markets Industry Revenue Growth Rate Market Cap Weighted Average 2.6%
Canada Market Earnings Growth Rate Market Cap Weighted Average 7.6%
Canada Market Revenue Growth Rate Market Cap Weighted Average 3.9%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
TSX:RIV Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
All numbers in CAD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
TSX:RIV Future Estimates Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2022-03-31
2021-03-31 19 8 2
2020-03-31 9 -6 2
2020-03-29
TSX:RIV Past Financials Data
Date (Data in CAD Millions) Revenue Cash Flow Net Income *
2019-12-31 12 -6 -12
2019-09-30 18 -4 -8
2019-06-30 40 -5 8
2019-03-31 38 -3 4
2018-12-31 57 -3 24
2018-09-30 79 -2 47
2018-06-30 56 -1 34
2018-03-31 55 0 40

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Unable to determine if Canopy Rivers is high growth as no earnings estimate data is available.
  • Canopy Rivers's revenue is expected to grow significantly at over 20% yearly.
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
TSX:RIV Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below

All data from Canopy Rivers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RIV Future Estimates Data
Date (Data in CAD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31
2020-03-29
TSX:RIV Past Financials Data
Date (Data in CAD Millions) EPS *
2019-12-31 -0.06
2019-09-30 -0.04
2019-06-30 0.05
2019-03-31 0.03
2018-12-31 0.16
2018-09-30 0.36
2018-06-30 0.27
2018-03-31 0.41

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Unable to establish if Canopy Rivers will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
X
Future performance checks
We assess Canopy Rivers's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the North America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the North America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Canopy Rivers has a total score of 2/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

RIV Past Performance

  How has Canopy Rivers performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Canopy Rivers's growth in the last year to its industry (Capital Markets).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Canopy Rivers does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
  • Unable to compare Canopy Rivers's 1-year earnings growth to the 5-year average as it is not currently profitable.
  • Unable to compare Canopy Rivers's 1-year growth to the CA Capital Markets industry average as it is not currently profitable.
Earnings and Revenue History
Canopy Rivers's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Canopy Rivers Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

TSX:RIV Past Revenue, Cash Flow and Net Income Data
Date (Data in CAD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 11.51 -11.88 23.20
2019-09-30 18.08 -7.78 26.02
2019-06-30 40.42 7.58 28.83
2019-03-31 38.48 3.92 30.45
2018-12-31 56.50 23.64 25.99
2018-09-30 78.65 46.69 21.38
2018-06-30 55.52 33.62 14.74
2018-03-31 54.78 39.67 7.97

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • It is difficult to establish if Canopy Rivers has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
  • It is difficult to establish if Canopy Rivers has efficiently used its assets last year compared to the CA Capital Markets industry average (Return on Assets) as it is loss-making.
  • It is difficult to establish if Canopy Rivers improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
X
Past performance checks
We assess Canopy Rivers's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Capital Markets industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Canopy Rivers has a total score of 0/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

RIV Health

 How is Canopy Rivers's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Canopy Rivers's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Canopy Rivers is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Canopy Rivers's cash and other short term assets cover its long term commitments.
Balance sheet
This treemap shows a more detailed breakdown of Canopy Rivers's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • Low level of unsold assets.
  • Debt is covered by short term assets, assets are 422.4x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Canopy Rivers Company Filings, last reported 2 months ago.

TSX:RIV Past Debt and Equity Data
Date (Data in CAD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 335.08 0.14 49.68
2019-09-30 373.59 0.14 82.78
2019-06-30 403.21 0.17 88.75
2019-03-31 408.19 0.19 104.18
2018-12-31 292.36 0.22 46.93
2018-09-30 366.66 0.22 105.85
2018-06-30 190.77 0.22 20.14
2018-03-31 192.23 0.50 46.30
  • Canopy Rivers's level of debt (0%) compared to net worth is satisfactory (less than 40%).
  • Unable to establish if Canopy Rivers's debt level has increased without past 5-year debt data.
  • Operating cash flow is negative therefore debt is not well covered.
  • Unable to confirm if the interest payments on Canopy Rivers's debt are well covered by earnings due to lack of past financial data.
X
Financial health checks
We assess Canopy Rivers's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Canopy Rivers has a total score of 3/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

RIV Dividends

 What is Canopy Rivers's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
0%
Current annual income from Canopy Rivers dividends.
If you bought CA$2,000 of Canopy Rivers shares you are expected to receive CA$0 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Unable to evaluate Canopy Rivers's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
  • Unable to evaluate Canopy Rivers's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
TSX:RIV Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 2 Analyst Estimates (S&P Global) See Below
Canada Capital Markets Industry Average Dividend Yield Market Cap Weighted Average of 9 Stocks 6.2%
Canada Market Average Dividend Yield Market Cap Weighted Average of 326 Stocks 4.9%
Canada Minimum Threshold Dividend Yield 10th Percentile 1.3%
Canada Bottom 25% Dividend Yield 25th Percentile 2.7%
Canada Top 25% Dividend Yield 75th Percentile 8.8%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

TSX:RIV Future Dividends Estimate Data
Date (Data in CA$) Dividend per Share (annual) Avg. No. Analysts
2022-03-31
2021-03-31
2020-03-31
2020-03-29

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Unable to perform a dividend volatility check as Canopy Rivers has not reported any payouts.
  • Unable to verify if Canopy Rivers's dividend has been increasing as the company has not reported any payouts.
Current Payout to shareholders
What portion of Canopy Rivers's earnings are paid to the shareholders as a dividend.
  • Unable to calculate sustainability of dividends as Canopy Rivers has not reported any payouts.
Future Payout to shareholders
  • Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.
X
Income/ dividend checks
We assess Canopy Rivers's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1.3%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Canopy Rivers afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Canopy Rivers has a total score of 0/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

RIV Management

 What is the CEO of Canopy Rivers's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Narbé Alexandrian
COMPENSATION CA$858,657
TENURE AS CEO 0.8 years
CEO Bio

Mr. Narbé Alexandrian, CPA, CA serves as Chief Executive Officer at Canopy Rivers Inc. since May 22, 2019 and its Director since September 26, 2019. Mr. Alexandrian also serves as President of Canopy Rivers Inc., since January 17, 2019. He served as a Vice President of Business Development at Canopy Rivers until January 17, 2019. He serves as a Director at National Cannabis Industry Association. Prior to joining Canopy Rivers, Mr. Alexandrian was a venture capitalist at OMERS Ventures, where he sourced and lead private debt and equity investments and acted as a board observer for several of the firm's portfolio companies. He was an Associate at OMERS Ventures. Mr. Alexandrian was responsible for researching and executing investment opportunities in the Technology, Media and Telecommunications sector and acted as a Board Observer for a number of portfolio companies. Prior to joining OMERS Ventures, he worked as a Senior Strategy Manager at TELUS, developing and shaping their Internet of Things segment. He has also worked with a number of Software as a Service companies, developing operational and go-to-market strategies. Prior to TELUS, he held roles at Firmex Inc. Mr. Alexandrian began his career at Deloitte, within the Corporate Strategy and M&A Advisory groups, primarily working with private equity, pension funds and large corporates on a number of strategic initiatives. He has been Sessional Instructor and taught courses in technology entrepreneurship and accounting at the Schulich School of Business within the undergraduate and MBA programs, and has also been an instructor for the Canadian Institute of Chartered Professional Accountants. He is a Chartered Accountant (CA) and Chartered Professional Accountant. Mr. Alexandrian holds BBA in Accounting, Strategic Management and Finance from the Schulich School of Business (2005-2009).

CEO Compensation
  • Insufficient data for Narbé to compare compensation growth.
  • Narbé's remuneration is higher than average for companies of similar size in Canada.
Management Team Tenure

Average tenure and age of the Canopy Rivers management team in years:

1.8
Average Tenure
35
Average Age
  • The average tenure for the Canopy Rivers management team is less than 2 years, this suggests a new team.
Management Team

Narbé Alexandrian

TITLE
President
COMPENSATION
CA$859K
TENURE
0.8 yrs

Eddie Lucarelli

TITLE
Chief Financial Officer
COMPENSATION
CA$739K
AGE
31
TENURE
2 yrs

Olivier Dufourmantelle

TITLE
Chief Operating Officer
COMPENSATION
CA$708K
AGE
39
TENURE
1.8 yrs

Matt Mundy

TITLE
General Counsel & Corporate Secretary
COMPENSATION
CA$591K
AGE
35
TENURE
1.8 yrs

Peter Hatziioannou

TITLE
Co-Founder & Advisor

Sean McNulty

TITLE
Co-Founder & Advisor

Karoline Hunter

TITLE
Senior Director of Investor Relations & Communications

Mary Dimou

TITLE
Director of Business Development

Adam Pope

TITLE
TENURE
0.8 yrs
Board of Directors Tenure

Average tenure and age of the Canopy Rivers board of directors in years:

0.5
Average Tenure
66
Average Age
  • The average tenure for the Canopy Rivers board of directors is less than 3 years, this suggests a new board.
Board of Directors

John Bell

TITLE
Chairman of the Board
COMPENSATION
CA$416K
AGE
72
TENURE
0.7 yrs

Narbé Alexandrian

TITLE
President
COMPENSATION
CA$859K
TENURE
0.5 yrs

Richard Mavrinac

TITLE
Lead Independent Director
COMPENSATION
CA$85K
AGE
66

Asha Daniere

TITLE
Independent Director
COMPENSATION
CA$85K
AGE
51
TENURE
1.8 yrs

Joe Mimran

TITLE
Independent Director
COMPENSATION
CA$80K
AGE
66
TENURE
1.8 yrs

John Ruffolo

TITLE
Member of Strategic Advisory Board
TENURE
0.5 yrs

Meg Lovell

TITLE
Member of Strategic Advisory Board
TENURE
0.5 yrs

Philip Donne

TITLE
Member of Strategic Advisory Board
TENURE
0.5 yrs

Julian Burzynski

TITLE
Member of Strategic Advisory Board
TENURE
0.4 yrs

Rich Kleiman

TITLE
Member of Strategic Advisory Board
TENURE
0.3 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Canopy Rivers individual insiders in the past 3 months, but not in substantial volumes.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (CA$) Value (CA$)
26. Feb 20 Buy Narbé Alexandrian Individual 25. Feb 20 25. Feb 20 2,400 CA$0.96 CA$2,294
17. Jan 20 Buy Narbé Alexandrian Individual 16. Jan 20 16. Jan 20 1,950 CA$1.54 CA$2,994
11. Sep 19 Buy Narbé Alexandrian Individual 10. Sep 19 11. Sep 19 5,968 CA$2.52 CA$15,013
09. Sep 19 Buy Narbé Alexandrian Individual 06. Sep 19 06. Sep 19 1,930 CA$2.59 CA$4,999
04. Sep 19 Buy Narbé Alexandrian Individual 03. Sep 19 03. Sep 19 2,242 CA$2.23 CA$5,000
03. Sep 19 Buy Narbé Alexandrian Individual 30. Aug 19 30. Aug 19 2,255 CA$2.22 CA$5,006
30. Aug 19 Buy Narbé Alexandrian Individual 28. Aug 19 29. Aug 19 4,462 CA$2.29 CA$10,028
14. Aug 19 Buy Insight Wellness Fund, LLC Company 14. Aug 19 14. Aug 19 15,000 CA$2.59 CA$38,829
13. Aug 19 Buy Insight Wellness Fund, LLC Company 12. Aug 19 13. Aug 19 15,000 CA$2.72 CA$38,303
14. Aug 19 Buy JW Asset Management, LLC Company 14. Aug 19 14. Aug 19 35,000 CA$2.59 CA$90,601
13. Aug 19 Buy JW Asset Management, LLC Company 12. Aug 19 13. Aug 19 35,000 CA$2.72 CA$89,375
29. Jul 19 Buy Narbé Alexandrian Individual 29. Jul 19 29. Jul 19 5,000 CA$2.88 CA$14,398
28. Jun 19 Sell Mark Anthony Zekulin Individual 26. Jun 19 28. Jun 19 -608,333 CA$3.16 CA$-1,901,816
05. Jun 19 Buy Daniel Pearlstein Individual 05. Jun 19 05. Jun 19 6,400 CA$3.87 CA$24,742
X
Management checks
We assess Canopy Rivers's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Canopy Rivers has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

RIV News

Simply Wall St News

RIV Company Info

Description

Canopy Rivers Inc. is a venture capital firm. It prefers to make investments in cannabis sector with focus on burgeoning marijuana companies. It seeks to make minority stakes. The company is headquartered in Toronto, Canada.

Details
Name: Canopy Rivers Inc.
RIV
Exchange: TSX
Founded:
CA$161,401,248
192,144,343
Website: http://www.canopyrivers.com
Address: Canopy Rivers Inc.
40 King Street West,
Suite 2504,
Toronto,
Ontario, M5H 3Y2,
Canada
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
TSX RIV New Subordinated Voting Shares The Toronto Stock Exchange CA CAD 18. Sep 2018
OTCPK CNPO.F New Subordinated Voting Shares Pink Sheets LLC US USD 18. Sep 2018
Number of employees
Current staff
Staff numbers
15
Canopy Rivers employees.
Industry
Asset Management and Custody Banks
Diversified Financials
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/29 03:54
End of day share price update: 2020/03/27 00:00
Last estimates confirmation: 2020/02/18
Last earnings filing: 2020/02/14
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/03/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.