- City View Green Holdings is completing the construction of a 40,000-square-foot cannabis cultivation facility in the Toronto-area following an all-clear notice from Health Canada under its new licensing regulations
- City View began trading on the Canadian Stock Exchange in March and has recently cleared more than half a million dollars in debt as part of efforts to strengthen its financial profile
- The company expects its 19.9 percent stake in Canadian retailer Budd Hutt to provide it with an avenue for gaining shelf space in Alberta and for other retail opportunities across the country
- CVGR’s fledgling operation has the benefit of an experienced leadership team, including a CEO with decades of sales and leadership experience in the alcoholic beverage industry and a master grower who co-founded a TSX Venture Exchange-listed cannabis firm
- The cannabis industry is expected to achieve $66.3 billion in sales by the end of 2025
Vertically integrated cannabis company City View Green Holdings Inc. (CSE: CVGR) is pressing forward with its efforts to establish strong operational and financial resources for its green seed-to-retail strategy, building on recent budget-strengthening developments as it completes a 40,000-square-foot cultivation facility near Toronto for a pharmaceutical-grade crop.
City View Green Holdings announced July 24 that it had negotiated the settlement of $580,019 in debt with arm’s length creditors in exchange for an established number of shares at differentiated values. It also detailed negotiated terms for a sale and…
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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