FAYETTEVILLE, Ark.--(BUSINESS WIRE)--Fortium Holdings Corp (OTC: FRTM), today announced that following majority shareholder approval on September 16, 2022, it formally changed its name to White River Energy Corp (“White River”). Additionally, White River has formally discontinued operations in its cannabis business, Elysian Premium Corp, and its retail sporting goods business, Norr LLC, and has divested both subsidiaries. White River has submitted an application to the Financial Industry Regulatory Authority to change its trading symbol.
“We are excited to announce this rebranding and renaming initiative so we can focus all efforts on developing our more than 30,000 acres of oil and gas mineral leases in Louisiana and Mississippi through a vertically integrated business model,” stated Randy May, White River Executive Chairman.
Jay Puchir, White River CEO added, “We believe that divesting from these nascent businesses is in the best interest of the Company and our shareholders.”
About White River Energy Corp
White River’s principal subsidiary is White River Holdings Corp. which is engaged in oil and gas exploration, production, and drilling operations on over 30,000 cumulative acres of active mineral leases in Louisiana and Mississippi.