QualityStocksNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Closes Sale, Leaseback of Brantford Facility
City View Green Holdings (CSE: CVGR) on Tuesday announced the successful completion of the transfer of its option to purchase 49 Easton Road in Brantford to an arms-length financier who has now acquired the property. In exchange, CVGR and the new landlord have entered a five-year lease with a renewable term of five years. The landlord has agreed to finance all the necessary buildout and capital enhancements that are required for CVGR to obtain its Health Canada Licenses needed to turn the facility into a fully operational cannabis grow and extraction facility. Per the terms of the lease agreement, CVGR…