Nov 18, 2019
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.
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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://nnw.fm/CVGR
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