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://nnw.fm/to21X
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
NetworkNewsWire (NNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) NetworkNewsBreaks that summarize corporate news and information, (3) enhanced press release services, (4) social media distribution and optimization services, and (5) a full array of corporate communication solutions. As a multifaceted financial news and content distribution company with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience of investors, consumers, journalists and the general public. NNW has an ever-growing distribution network of more than 5,000 key syndication outlets across the country. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.
To receive SMS text alerts from NetworkNewsWire, text “STOCKS” to 77948 (U.S. Mobile Phones Only)
For more information please visit https://www.NetworkNewsWire.com
NetworkNewsWire is part of the InvestorBrandNetwork.