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.”
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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.
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