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.
To view the full press release, visit http://ibn.fm/XhU5Q
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.
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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