City View Green Holdings (CSE: CVGR), a vertically
integrated cannabis company focused on seed to retail, recently received notice
from Health Canada following a high-level review that there were no concerns
regarding the company’s proposed application for license, paving the way for
CVGR’s application to be accelerated once its Brantford site is finished (http://ibn.fm/Ilecc). An article
discussing the company reads, “Following receipt of Health Canada’s letter,
City View reported that preparation of the facility’s exterior, security
fencing and interior has been completed, and the company expects to finish
building the initial cultivation and extraction rooms during the second and
third quarters of the current calendar year. . . . ‘We are excited to maintain
our priority in the licensing process with Health Canada,’ CEO Ian MacDonald
stated in the news 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. The
new rules give priority to applicants like CVGR 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.’”
To view the full article, visit http://ibn.fm/DHqil
About City View Green Holdings Inc.
City View Green has been structured to be a vertically
integrated cannabis company focused on seed to retail. Upon receipt of its
Cannabis Act license, City View Green will incorporate growing, extraction,
production and retail at its Brantford, Ontario, facility. It is the company’s
intention that City View Green will grow exceptional-quality cannabis and
produce high-quality extracts. City View Green expects to produce high-quality
edible products, distillates and water-soluble products — once these products
are legalized — for the beverage market. In addition, City View Green owns a
19.9% stake in Budd Hutt Inc., a retail-focused cannabis company with access to
licenses in Alberta and other retail opportunities across Canada. The company
expects that Budd Hutt Inc. will secure shelf space and distribution
opportunities for City View Green’s products. City View’s future is green.
Follow the green. 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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