RIV Capital Inc. announced a definitive agreement to acquire ownership and control of Etain LLC and Etain IP LLC. RIV Capital announced that its Board of Directors has named Mark Sims as President of RIV Capital, to lead the company's formal entry into the U.S. market and expansion into licensed adult-use operations in New York. Mr. Sims is a current director of RIV Capital, a role he will retain, and most recently was Senior Vice President of Strategy and M&A for The Scotts Miracle-Gro Company, where he also previously served as its CIO and head of business transformation.

He replaces Narbé Alexandrian, who departs RIV Capital to pursue other opportunities.