City View Green Holdings Inc. (CSE: CVGR) Completes Agreement for Cultivation, Extraction Facility

August 12, 2019 10:15:43
  • City View Green Holdings is advancing its vertically oriented cannabis operations now that a sale and leaseback agreement has been completed at the Toronto-area facility
  • The 40,000-square-foot center is mostly completed; the company expects to build its first cultivation and extraction rooms by the end of the third quarter
  • The company has a 19.9 percent stake in a Canadian retailer that grants CVGR access to store shelf space for its brands in Alberta and potentially elsewhere throughout the country
  • CVGR plans to produce brands for the medicinal cannabis market and add edibles and infused beverage products as they become legal later this year
  • The legal cannabis market is expected to continue growing worldwide at a CAGR of 23.9 percent through the end of 2025, reaching $66.3 billion in sales

Toronto-based City View Green Holdings Inc.’s (CSE: CVGR) vision of a purposeful seed-to-retail cannabis network is advancing thanks to the finalization of an agreement securing its operations in a 40,000-square-foot cultivation facility, where it intends to produce a pharmaceutical-grade crop.

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…

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NOTE TO INVESTORS: The latest news and updates relating to CVGR are available in the company’s newsroom at

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