City View Green Holdings (CSE: CVGR) (OTC: CVGRF) today announced that it has repriced its non-brokered private placement, previously disclosed on October 4, 2019. According to the update, the remaining $1,400,000 is proposed to be sold at a price of $0.125/unit. Each unit will be comprised of one common share in the capital of the company and one common share purchase warrant of the company, with each warrant exercisable into one common share in the capital of the company at an exercise price of $0.20/share for a period of three years from the date of issuance of the warrants. City View Green intends to use the proceeds of the private placement for general working capital. The company also announced that, further to its October 4, 2019 news release, it has extended the expiry date of the 6,700,000 common share purchase warrants referenced therein to September 20, 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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