As previously announced, the additional investment was undertaken pursuant to rights existing under The Hawthorne Collective’s previous convertible note investment in RIV Capital.
BrandCo HoldCo, LLC 21,092,335 Common Shares pursuant to the Initial Closing at a price of C$1.65 per Common Share and approximately C$34.8 million in the aggregate, representing approximately 12.9% of the issued and outstanding Common Shares.
RIV Capital also has a strategic relationship with The Hawthorne Collective, a wholly owned subsidiary of The Scotts Miracle-Gro Company, pursuant to which RIV Capital is The Hawthorne Collective’s preferred vehicle for investments not under the purview of other Scotts Miracle-Gro subsidiaries.