RIV Capital Inc. announced that the expansion of its cannabis cultivation and production facility located in Chestertown, New York is now operational. The recently completed enhancements at the Chestertown Facility include: Overall facility footprint expanded to more than 75,000 sq. ft, comprised of: High-tech greenhouse cultivation space; Lab and manufacturing space; Distribution and warehousing space; and Finished goods and dry flower storage space.

The implementation of advanced equipment and automation technologies, which significantly improves the Company's production rate of high-quality flower and extracts. Since the completion of the expansion project in Third Quarter 2023, the Company has had three harvests in the expansion space, with yields and flower quality ahead of expectations. Production is well underway with products from the expanded operations available at the Company's four medical retail locations as well as third-party medical retail locations across the state.