RIV Capital, an investment and acquisition company, completed the acquisition of Etain, owner and operator of legally licensed cannabis cultivation and retail dispensaries in the state of New York, for $247m. "This agreement marks the most significant transaction for a women-owned business in cannabis history. While the Peckham family will be stepping back from control of the company, we will be actively partnered with RIV Capital on preserving the ethos of the Etain brand and utilizing our combined efforts to continually find and make new spaces for women in cannabis. RIV Capital clearly recognized the potential for women-led brands to flourish in the cannabis industry, and we are proud that our work at Etain has led us to this point in time," Hillary Peckham Etain COO.