City View Green Holdings Inc.
City View Green Holdings Inc. Focuses on Extraction, Edibles and Distribution and Puts Cultivation on Hold
DGAP-News: City View Green Holdings Inc.
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Toronto, Ontario–(Newsfile Corp. – November 12, 2019) – City View Green Holdings Inc. (CSE: CVGR) (“City View or the Company“) trading through the facilities of the Canadian Securities Exchange (“CSE“) under the symbol “CVGR” is amending its buildout and business strategy to respond to the evolving cannabis market. City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market. City View’s focus will be on extraction, edibles and distribution. The Company continues to build out its facility with a focus on designated areas for extractions and edibles. City View expects to update shareholders in the near future upon submitting its video evidence package to Health Canada. Ian MacDonald, CEO, City View Green Holdings Inc. stated: Rob Fia, President, City View Green Holdings Inc. stated: 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 licences, City View will incorporate extraction and edibles production at their Brantford, Ontario facility. It is our intention that City View Green will produce the highest quality cannabis and hemp extracts and derivatives. Once operational, it is our expectation that City View will 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. We expect that Budd Hutt will secure shelf space and distribution opportunities for City View’s products. For more information visit www.cityviewgreen.ca. For further information contact: City View Green Holdings Inc.Ian MacDonald, CEO Email: ian@cityviewgreen.ca City View Green Holdings Inc. Rob Fia, President Email: rob@cityviewgreen.ca Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release. Disclaimer for Forward-Looking Information This press release contains forward-looking statements and information related to the production of extracted cannabis oils, derivatives and edible products and the receipt of a cannabis license under the Cannabis Act that are based on the beliefs of management and reflect the Company’s current expectations. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS. This press release is not an offer of the securities for sale in the United States. The securities have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an exemption from registration. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any state in which such offer, solicitation or sale would be unlawful. To view the source version of this press release, please visit https://www.newsfilecorp.com/release/49644 Click on, or paste the following link into your web browser,to view the associated documents http://www.newsfilecorp.com/release/49644News Source: Newsfile
12.11.2019 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG. |
Language: | English |
Company: | City View Green Holdings Inc. |
Canada | |
ISIN: | CA1787181025 |
EQS News ID: | 910787 |
End of News | DGAP News Service |