City View Green Holdings (CSE: CVGR) today announced
the entry of Budd Hutt Inc., a private company of which CVGR holds a 19.9%
equity interest, into an agreement to acquire eight pre-license retail cannabis
store locations in the Alberta market. According to the update, Budd Hutt
intends to initially enter into the Canadian cannabis retail marketplace via
Alberta as part of its national strategy. Appropriate regulatory approvals are
in place for all of the store locations, with exception of approval from
Alberta Gaming, Liquor and Cannabis (“AGLC”), which is pending. “This
announcement from our retail partner Budd Hutt is incredibly exciting for CVG
and its shareholders,” City View Green CEO Ian MacDonald said in the news
release. “Having an aggressive coast to coast retail strategy makes Budd Hutt a
truly unique retail business model and adds tremendous value to CVG’s route to
market strategy. Congratulations to the Budd Hutt Team on this incredible
achievement.”
To view the full press release, visit http://ibn.fm/8BeFT
About City View Green Holdings Inc.
City View is structured to be a vertically integrated
cannabis company focused on seed to retail. Upon receipt of its Cannabis Act
license, City View will incorporate growing, extraction, production and retail
at its Brantford, Ontario facility. City View intends to grow exceptional
quality cannabis and produce high quality extracts. Once legally permissible,
City View intends to produce high quality edible products, distillates and
water-soluble products for the beverage market. In addition, City View owns a
19.9% stake in Budd Hutt. 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://ibn.fm/CVGR
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