- Company
recently announced a name change and opened on the Canadian Securities
Exchange
- It has
acquired a wholly owned subsidiary focused on seed-to-retail offerings in
the rapidly growing cannabis industry
- Company
is assembling a top management team with an extensive content base focused
on long-term returns
On March 5, 2019, the company formally known as Icon
Exploration Inc. (TSX.V: IEX.H) opened on the Canadian Securities Exchange
under new corporate name City View Green Holdings Inc. (CSE: CVGR). The company’s
focus continues to be on assessing and potentially acquiring targets in the
cannabis industry through diversification. The full announcement and
explanation of consolidation for registered shareholders can be found at http://ibn.fm/pp9OF.
Following the name change and consolidation, the company
acquired City View as a wholly owned subsidiary focused on seed-to-retail
offerings in the cannabis industry. This vertically integrated cannabis company
aims to grow quality cannabis and produce high-quality extracts. The company
plans to enter the edible-cannabis and beverage markets following legalization.
As part of its strategy, City View Green Holdings has
secured Master Grower Mario Meek, an original founding partner of WeedMD, and
has assembled an equally skilled extraction team. In addition, City View owns a
19.9 percent stake in the retail-focused cannabis company Budd Hutt Inc. Budd
Hutt has access to Alberta retail. This positions City View to potentially
secure shelf space and distribution for future products.
City View CEO Rob Fia thanked shareholders for their
patience during this period of transition. In a news release, he stated,
“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.” According to
Deloitte (http://ibn.fm/7FYG9),
cannabis has the potential to become a $22.6 billion industry in Canada.
Fia went on to explain that with the acquisition and the CSE
listing, the company can now focus its efforts on assembling one of the best
management teams with an extensive contact base capable of differentiating City
View from the competition. The appointment of Tim Peterson to CVGR’s board of
directors following the City View acquisition is evidence of this goal.
Peterson brings with him a wealth of education, experience and political
connections. He is the brother of two liberal politicians: former premier of
Ontario David Peterson and former federal cabinet minister Jim Peterson.
City View Green Holdings is working to create a
well-diversified company capable of producing long-term returns for shareholders
and investors.
For more information, visit the company’s websites at www.IconExploration.net and www.CityViewGreen.ca
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Editor@QualityStocks.com
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