- City View Green Holdings and Budd Hutt recently announced an agreement to acquire eight retail cannabis store locations in Alberta
- The potential economic impact of legalized adult-use cannabis in all its forms, along with transportation, licensing fees and security, is estimated at more than $22 billion in Canada
- City View’s focus is on growing high quality flower and creating premium edible offerings, distillates and water-soluble products
City View Green Holdings Inc. (CSE: CVGR), a vertically integrated cannabis company focused on seed to retail, is creating a diversified company that investors can appreciate. City View has successfully attracted top talent in a time when competition is fierce among firms looking to solidify their positions in the quickly growing cannabis marketplace.
Mike Hagopian, City View’s chief operations officer and “extraction guru,” is a case in point. He most recently served the same role at Dose Oil, a licensed processor of cannabis extracts in Seattle, Washington. Hagopian will help develop City View’s unique cannabis extract brands, as an article featuring the company states.
The company’s master grower/managing partner is Mario Meek, whose deep knowledge of the cannabis space includes 10 years of networking, growing and cultivation experience in the medical cannabis industry. Meek was an original founding partner of WeedMD and is experienced in every aspect of growing marijuana, from seed to the finished product.
Both men bring strong operational and creative forces to City View’s vision, which will soon be on display at the company’s facility in Brantford, Ontario. Plans to retrofit and buildout the 40,000 square foot space are underway, a news release states (http://ibn.fm/idarb). Importantly, City View has maintained its priority position in the licensing process with Health Canada, City View Green CEO Ian MacDonald confirmed in the 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,” MacDonald stated. “The new rules give priority to applicants like CVG 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.”
City View also recently entered into an agreement to expand its brick-and-mortar footprint in the Canadian retail cannabis marketplace with Budd Hutt, the company’s retail arm that owns a 19.9 percent stake in City View, according to a news release (http://ibn.fm/38ROv). Budd Hutt plans to initially enter the Canadian retail cannabis marketplace through Alberta and intends to acquire eight pre-license retail cannabis store locations in the Alberta market. These stores have already obtained the appropriate regulatory approvals and are waiting on final approval from Alberta Gaming, Liquor and Cannabis (AGLC), which is expected before the end of 2019. The company plans to establish a flagship location in Alberta that will serve as a showpiece for the future of the proposed national retail chain.
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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