- City View Green Holdings’ emphasis is on creating a well-diversified cannabis business
- The company’s focus is premium edible offerings, distillates and water-soluble products
- The company leases a 40,000-square-foot facility in Ontario
A vertically integrated cannabis company, City View Green Holdings Inc. (CSE: CVGR) focuses on seed to retail. The company’s application to Health Canada for an Access to Cannabis for Medical Purposes Regulations (ACMPR) license is currently at the in-depth review stage of the licensing process. Based in Toronto, City View (formerly Icon Exploration Inc.) leases a 40,000-square-foot facility in Brantford, Ontario. Upon receipt of its cannabis act license, City View’s production plans include producing high-quality edible products, distillates and water-soluble products for the beverage market.
A Deloitte study put the potential economic impact of legalized medicinal and recreational marijuana in Canada (including transportation, licensing fees and security) at greater than $22 billion over the coming years. City View plans to produce high-quality medicinal products and recreational cannabis products for the adult-use market (http://nnw.fm/S79oz).
City View’s Brantford facility, which sits on 4.3 acres, is expected to be retrofitted to the highest standards for a premium grow operation. The property has ample space for an additional 125,000-square-foot building, which could provide a major increase in cultivation and extraction space (http://nnw.fm/NuQ6e). Approximately 4,000 square feet will be devoted to an extraction laboratory that will feature an ultra-efficient, supercritical CO2 extraction process. Once the retrofit is complete, the company estimates that it will have the potential to produce eight million grams annually. Plans also include implementing an ethanol extraction technology.
In addition, City View has entered into an agreement to purchase supercritical fluid extraction equipment. This is a first-rate method of selectively and cost-effectively extracting pure cannabis extracts containing THC (tetrahydrocannabinol), CBD (cannabidiol) and terpenes from the cannabis plant. “Our chosen supplier’s patented and proprietary extraction system offers the most consistent results and highest yields, with no degradation of materials,” City View CEO Rob Fia stated in a news release.
City View’s chief goal is to create a well-diversified company focused on assessing and potentially acquiring targets in the cannabis industry. The company already owns 19.9 percent of Budd Hutt Inc., a retail business active in acquiring locations in the provinces of British Columbia, Alberta and Ontario. Budd Hutt is procuring shelf space and distribution for City View’s products.
City View has also secured the expertise of master grower Mario Meek, an original founding partner of WeedMD. In addition, the company has assembled an equally skilled extraction team and is concentrating on putting together one of the industry’s premier management teams, with an extensive contact base that could differentiate City View from the competition (http://nnw.fm/dDxx6). The company’s goal is to lower production costs while creating and refining the above-mentioned efficient extraction and processing methodologies.
City View Green Holdings is providing the guidance that new and established retailers require to responsibly integrate cannabis into their businesses. As City View helps to curate the cannabis experience for the recreational market consumer, the company is seeking to facilitate future growth.
For more information, visit the company’s website at www.CityViewGreen.ca
NOTE TO INVESTORS: The latest news and updates relating to CVGR are available in the company’s newsroom at http://nnw.fm/CVGR
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