City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today announced completion of a first tranche closing of the private placement disclosed on December 13, 2019 and issuance of 2,400,000 units for gross proceeds of $300,000. According to the update, no finder’s fees were paid in connection with the closing. In accordance with applicable securities laws and the policies of the Canadian Securities Exchange, all securities issued under the first tranche closing are subject to a hold period expiring April 14, 2020.
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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.
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