- City
View Green Holdings has completed a move to the Canadian Securities
Exchange to boost its worldwide potential for cannabis production
- CVGR
will focus on growing high-quality flower in the pursuit of creating
top-notch extracts for edibles, distillates and water-soluble products
- The
company has acquired the professional experience of a master grower who
formerly founded a TSX Venture Exchange-listed cannabis issuer
City View Green Holdings Inc. (CSE: CVGR), a company
focused on establishing a diverse portfolio as it assesses entities in the
cannabis space for potential acquisition, is crafting a formidable strategy for
world markets in which medicinal and adult recreational use cannabis have been
granted legal acceptance.
City View Green, on March 5, 2019, opened on the Canadian
Securities Exchange as part of a broader effort to move the company, formerly
known as Icon Exploration Inc., from the TSX Venture Exchange to a location
where it can better grow according to its vision of producing high-quality
edible products, distillates and water-soluble brands, including those for the
cannabidiol (CBD)-infused beverage market.
“Moving to the CSE market was strategic for our company as
we believe it gives us greater flexibility to pursue opportunities around the
world in various jurisdictions where cannabis is increasingly becoming legal,”
CEO Rob Fia stated in a news release (http://ibn.fm/bp8TJ).
The company is completing a review of several CEO candidates
as part of its new identity. The company’s website states that elements of its
developing plan include:
- The
company’s focus will be to grow high-quality flower and to create superior
extracts. CVGR has secured an expert extraction team having worked in the
Seattle market over the last three years.
- CVGR
has secured a master grower formerly with a top publicly listed cannabis
issuer listed on the TSX Venture Exchange.
- The
company will produce high-quality medicinal products and recreational
cannabis products for the adult-use market. The future in cannabis is in
recreational cannabis products. Once legalized, the company is well positioned
to produce high-quality edible products, distillates and water-soluble
product for the beverage market.
- CVGR
is currently interviewing top talent from the alcohol and beverage
industry for the CEO role.
- The
company’s subsidiary owns a 19.9 percent stake in a private retail-focused
cannabis company with access to retail store licenses in Alberta and other
retail opportunities across Canada, securing shelf space and distribution
for City View Green Holdings’ products.
CVGR is an applicant for Canada’s licensed producer
designation and expects to complete a 40,000-square-foot cultivation facility
near Toronto for pharmaceutical-grade cannabis once the government green lights
the application. Another 4.3 acres at the location is being held for possible exponential
upscaling with an additional 125,000 square feet of farm and extraction
facilities.
For more information, visit the company’s website at www.CityViewGreen.ca
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