- City
View Green Holdings and Budd Hutt recently announced an agreement to
acquire eight retail cannabis store locations in Alberta
- The
potential economic impact of legalized adult-use cannabis in all its
forms, along with transportation, licensing fees and security, is
estimated at more than $22 billion in Canada
- City
View’s focus is on growing high quality flower and creating premium edible
offerings, distillates and water-soluble products
City View Green Holdings Inc. (CSE: CVGR), a vertically
integrated cannabis company focused on seed to retail, is creating a
diversified company that investors can appreciate. City View has successfully
attracted top talent in a time when competition is fierce among firms looking
to solidify their positions in the quickly growing cannabis marketplace.
Mike Hagopian, City View’s chief operations officer and
“extraction guru,” is a case in point. He most recently served the same role at
Dose Oil, a licensed processor of cannabis extracts in Seattle, Washington.
Hagopian will help develop City View’s unique cannabis extract brands, as an
article featuring the company states.
The company’s master grower/managing partner is Mario Meek,
whose deep knowledge of the cannabis space includes 10 years of networking,
growing and cultivation experience in the medical cannabis industry. Meek was
an original founding partner of WeedMD and is experienced in every aspect of
growing marijuana, from seed to the finished product.
Both men bring strong operational and creative forces to
City View’s vision, which will soon be on display at the company’s facility in
Brantford, Ontario. Plans to retrofit and buildout the 40,000 square foot space
are underway, a news release states (http://ibn.fm/idarb). Importantly, City View has maintained
its priority position in the licensing process with Health Canada, City View
Green CEO Ian MacDonald confirmed in the 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,” MacDonald
stated. “The new rules give priority to applicants like CVG 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.”
City View also recently entered into an agreement to expand
its brick-and-mortar footprint in the Canadian retail cannabis marketplace with
Budd Hutt, the company’s retail arm that owns a 19.9 percent stake in City
View, according to a news release (http://ibn.fm/38ROv).
Budd Hutt plans to initially enter the Canadian retail cannabis marketplace
through Alberta and intends to acquire eight pre-license retail cannabis store
locations in the Alberta market. These stores have already obtained the
appropriate regulatory approvals and are waiting on final approval from Alberta
Gaming, Liquor and Cannabis (AGLC), which is expected before the end of 2019.
The company plans to establish a flagship location in Alberta that will serve
as a showpiece for the future of the proposed national retail chain.
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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