City
View Green Holdings (CSE: CVGR) (OTC: CVGRF) today announced that it
has closed the first tranche of its non-brokered private placement previously
disclosed on October 4, 2019. The company has issued 2,001,333 units for gross
proceeds of $300,199.95 under the first tranche. According to the update, City
View paid a total of $5,750 as finder’s fees in connection with the first
tranche, and all securities issued thereunder are subject to a hold period that
expires March 16, 2020, in accordance with applicable securities laws and
Canadian Securities Exchange policies.
To view the full press release, visit http://ibn.fm/6dQET
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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