CannabisNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Anticipates Close of LOI for Purchase Leaseback Transaction
Toronto, Ontario-based City View Green Holdings (CSE: CVGR) is aiming to close on its letter of intent (“LOI”) for a purchase leaseback transaction of its Brantford, Ontario, facility and property. Terms of the deal call for the new landlord to finance required build-out and capital improvements that are required for CVGR to attain Health Canada licenses (http://cnw.fm/peT19). An article further discussing the company reads, “The agreement notes that CVGR would exercise its option to purchase the Brantford property then transfer that option to a financier. CVGR would then enter a five-year lease with a five-year renewable term. The company would have…