Civilized Worldwide Enters Strategic Investment Agreement with Canopy Rivers

Civilized Worldwide Inc. is pleased to announce that it has executed a strategic investment and collaboration agreement with Canopy Rivers Corporation, an affiliated strategic investment partner of Canopy Growth Corporation.

Pursuant to the agreement, Canopy Rivers will invest CAD $5 million in Civilized via a convertible debenture and the companies will work together on various online, media and event mandates relating to the cannabis industry.

"Civilized lives at the intersection of modern media and cannabis," said Mark Zekulin, President of Canopy Growth. "They have a premium digital audience throughout North America and have established an events platform where individuals and industry can communicate and work together as we continue to educate stakeholders and evolve the global perception of cannabis."

Civilized is aggressively implementing its monetization strategy across its three platforms:

  • Civilized.life: a sophisticated news and entertainment website that reaches 2 million unique visitors per month throughout North America;
  • Civilized Studios: a multi-platform video content network curating, publishing and producing broadcast-quality video and original content pertaining to the all things cannabis;
  • Civilized Events: a platform to provide exclusive branded experiences for both the cannabis industry and consumers – from intimate dinner parties with industry executives and opinion leaders, to large-scale events such as the first-ever World Cannabis Congress to take place in Saint John, New Brunswick June 10-12, 2018.

"As growth and innovation continue to accelerate in the global cannabis industry, attractive opportunities extend well beyond cultivating, processing and distributing cannabis-derived products and formulations," said Sean McNulty, Co-Founder of Canopy Rivers. "This investment and partnership with Civilized is a welcomed addition to our portfolio, and we believe that collaborating with a leading media and events company will help increase the visibility of the Canopy Rivers platform and is complementary with our ongoing mission to change the global cannabis narrative."

Civilized has steadily grown its media presence and brand across North America since launching in 2015. "This is a game-changing partnership for Civilized," says Derek Riedle, CEO and Publisher of Civilized. "No other industry has the high growth potential of cannabis, and we believe that high-quality media can help accelerate the development of this industry by sharing stories, ideas and information that’s been more or less forbidden for the better part of a century. We’re on a path to grow our multi-platform networks and I’m thrilled we are able to partner with Canopy Rivers, a leading and respected group of investment professionals and affiliate of the largest cannabis company in the world."

Canopy and Civilized 01

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Citing supply shortages, Ontario announced Thursday that they would now be taking a “phased approach” to issuing cannabis retail licenses. Despite earlier claims that they would not be capping the number of licenses for retail pot shops, they announced Thursday that they would, in fact, be limiting the number of licenses dispensed in April to 25. The province says that the licenses will be issued though a lottery system overseen by a third party to “ensure equality and transparency.” This, of course, is following the Progressive Conservative’s stark change in cannabis policy for the province after defeating the Ontario Liberal government in 2018.