City View Green Holdings (CSE: CVGR) today announced the entry of Budd Hutt Inc., a private company of which CVGR holds a 19.9% equity interest, into an agreement to acquire eight pre-license retail cannabis store locations in the Alberta market. According to the update, Budd Hutt intends to initially enter into the Canadian cannabis retail marketplace via Alberta as part of its national strategy. Appropriate regulatory approvals are in place for all of the store locations, with exception of approval from Alberta Gaming, Liquor and Cannabis (“AGLC”), which is pending. “This announcement from our retail partner Budd Hutt is incredibly exciting for CVG and its shareholders,” City View Green CEO Ian MacDonald said in the news release. “Having an aggressive coast to coast retail strategy makes Budd Hutt a truly unique retail business model and adds tremendous value to CVG’s route to market strategy. Congratulations to the Budd Hutt Team on this incredible achievement.”
To view the full press release, visit http://cnw.fm/eO82f
About City View Green Holdings Inc.
City View is structured to be a vertically integrated cannabis company focused on seed to retail. Upon receipt of its Cannabis Act license, City View will incorporate growing, extraction, production and retail at its Brantford, Ontario facility. City View intends to grow exceptional quality cannabis and produce high quality extracts. Once legally permissible, City View intends to produce high quality edible products, distillates and water-soluble products for the beverage market. In addition, City View owns a 19.9% stake in Budd Hutt. For more information, visit the company’s website at www.CityViewGreen.ca.
CannabisNewsWire (CNW) is an information service that provides (1) access to our news aggregation and syndication servers, (2) CannabisNewsBreaks 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, CNW 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. CNW 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, CNW brings its clients unparalleled visibility, recognition and brand awareness. CNW is where news, content and information converge.
To receive instant SMS alerts, text CANNABIS to 21000
For more information please visit https://www.CannabisNewsWire.com
Do you have a questions or are you interested in working with CNW? Ask our Editor