City View Green Holdings (CSE: CVGR), a vertically integrated cannabis company focused on seed to retail, recently received notice from Health Canada following a high-level review that there were no concerns regarding the company’s proposed application for license, paving the way for CVGR’s application to be accelerated once its Brantford site is finished (http://nnw.fm/1Qg4E). An article discussing the company reads, “Following receipt of Health Canada’s letter, City View reported that preparation of the facility’s exterior, security fencing and interior has been completed, and the company expects to finish building the initial cultivation and extraction rooms during the second and third quarters of the current calendar year. . . . ‘We are excited to maintain our priority in the licensing process with Health Canada,’ CEO Ian MacDonald stated in the news release. ‘With the recent changes announced to the application process, we believe timelines for inspection and approvals will be greatly improved, and the value of a license will increase significantly. The new rules give priority to applicants like CVGR with strong operational and financial resources. Our buildout at our Brantford facility will be completed in the coming months, and we are confident our license will be granted shortly thereafter so we can begin operations and provide the finest flower and oils in the cannabis industry.’”
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About City View Green Holdings Inc.
City View Green has been structured to be a vertically integrated cannabis company focused on seed to retail. Upon receipt of its Cannabis Act license, City View Green will incorporate growing, extraction, production and retail at its Brantford, Ontario, facility. It is the company’s intention that City View Green will grow exceptional-quality cannabis and produce high-quality extracts. City View Green expects to produce high-quality edible products, distillates and water-soluble products — once these products are legalized — for the beverage market. In addition, City View Green owns a 19.9% stake in Budd Hutt Inc., a retail-focused cannabis company with access to licenses in Alberta and other retail opportunities across Canada. The company expects that Budd Hutt Inc. will secure shelf space and distribution opportunities for City View Green’s products. City View’s future is green. Follow the green. 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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