Tag: CVGR.CN

CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) Puts Cultivation on Hold to Focus on Extraction, Edibles and Distribution

City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today amended its buildout and business strategy to respond to the evolving cannabis market. According to the update, City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market, and will focus on extraction, edibles and distribution. The company continues the buildout of its facility with a focus on designated areas for extractions and edibles. “We have been witnessing a surplus in both cannabis and hemp cultivation,” City View Green CEO Ian MacDonald said in the news release. “City View is focused on targeting higher margin, sustainable business opportunities that will provide long term growth and favorable returns for our stakeholders. The reality is we can now acquire both cannabis and hemp for our extraction purposes for less than the investment of bringing cultivation in-house. Our focus will be on producing the finest quality extracts and derivatives as well as being an innovative leader in the edibles market and maximizing distribution opportunities through our proprietary distribution network.”

To view the full press release, visit http://cnw.fm/7ouN8

About City View Green Holdings Inc.

City View Green is a vertically integrated cannabis company focused on extraction, edibles production and distribution. Upon receipt of its Cannabis Act processing and sales licenses, City View will incorporate extraction and edibles production at its Brantford, Ontario facility. The company intends to produce the highest quality cannabis and hemp extracts and derivatives. Once operational, the company expects to produce high quality oils, edible products, distillates and water-soluble products for the food and beverage markets. In addition, City View owns a 19.9% stake in Budd Hutt Inc. Budd Hutt is a retail focused cannabis company with access to licenses in Alberta and other retail opportunities across Canada. The company expects that Budd Hutt will secure shelf space and distribution opportunities for City View’s products. For more information, visit the company’s website at  www.CityViewGreen.ca.

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

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CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Creating Seed-to-Retail Cannabis Network

City View Green Holdings (CSE: CVGR) is a vertically integrated cannabis company with a primary focus on the development of a seed-to-retail cannabis network. Recently, the company finalized an agreement securing a 40,000-square-foot cultivation facility that CVGR plans to use to produce a pharmaceutical-grade crop. An article discussing the company reads, “City View Green recently announced that it had completed a previously detailed goal of transferring its option to purchase the facility in Brantford, Ontario, just southwest of Toronto, to an arms-length financier who has also completed a five-year renewable lease agreement with CVGR that includes a first right of refusal on any potential future sale of the property. . . . The financier will provide all the required buildout and capital improvements necessary for the mandatory Health Canada licenses and to make the facility a fully operational cannabis cultivation and extraction site, according to the announcement (http://cnw.fm/dxFn9). The new landlord obtained one million common share purchase warrants in exchange, each of which can be used to purchase one common share of the company at a price of $0.18 during the next five years.”

To view the full article, visit http://cnw.fm/3P3Eq

About City View Green Holdings Inc.

City View Green has been structured to be a vertically integrated cannabis company focused on seed to retail. Upon receipt of its Cannabis Act license, City View Green will incorporate growing, extraction, production and retail at its Brantford, Ontario, facility. It is the company’s intention that City View Green will grow exceptional-quality cannabis and produce high-quality extracts. City View Green expects to produce high-quality edible products, distillates and water-soluble products — once these products are legalized — for the beverage market. In addition, City View Green owns a 19.9% stake in Budd Hutt Inc., a retail-focused cannabis company with access to licenses in Alberta and other retail opportunities across Canada. The company expects that Budd Hutt Inc. will secure shelf space and distribution opportunities for City View Green’s products. City View’s future is green. Follow the green. For more information, visit the company’s website at www.CityViewGreen.ca.

About CanadianCannabisWire

CanadianCannabisWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, CNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. CNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.

To receive instant SMS alerts, text CANNABIS to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CanadianCannabisWire.com

Please see full terms of use and disclaimers on the CanadianCannabisWire website applicable to all content provided by CNW, wherever published or re-published: http://CNW.fm/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask our Editor

CanadianCannabisWire (CNW)
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www.CanadianCannabisWire.com
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Editor@CanadianCannabisWire.com