- Alberta’s cannabis industry regulatory agency has lifted a moratorium on accepting new retail licenses
- Budd Hutt is seeking retail partnerships in Alberta and across Canada
- CVGR CEO indicated that the lifting of the moratorium motivates the company to complete its buildout of a cannabis production facility
City View Green Holdings Inc. (CSE: CVGR) is poised to benefit following Alberta’s AGLC regulatory agency’s decision to lift its moratorium on accepting new retail cannabis licenses, announcing that it will issue five new licenses weekly (http://nnw.fm/y6X62). CVGR sees the move as providing a direct route to market for its products, as Budd Hutt, the company’s retail arm, seeks strong financial investment partners and retail partnerships in Alberta and across Canada (http://nnw.fm/keEZ2). CVGR CEO Ian MacDonald said that the move would add value to the company’s 19.9 percent equity position in Budd Hutt and, ultimately, its shareholders.
For retail-focused cannabis company Budd Hutt, the addition of brick-and-mortar retail stores would cement the brand and the company in the recreational cannabis market while it prepares for…
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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