City View Green Holdings Inc. Corporate Update
City View Green Holdings Inc. Corporate Update
Toronto, Ontario--(Newsfile Corp. - December 20, 2022) - City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) ("City View" or the "Company"), an innovative Canadian-based cannabis-infused edibles manufacturing company, announces that further to its press release on October 31, 2022, City View's Board and Management have completed an assessment of the Company's current operations and have determined to relocate major operations to save costs. This decision will significantly reduce monthly expenses on a go forward basis. As the Company transitions, its current operations will be put on hold as it sets up at a new location. The Company expects to restart operations during the early part of 2023. The Company CEO, Rob Fia, commented: "The cannabis industry has undergone significant growing pains since legalization in 2018. Fortunately, City View was able to avoid the significant pitfalls experienced by other cannabis companies by staying clear of the commoditized flower and extraction business. The Company's focus in 2023 will be on branded consumables such as chocolate, gummy and baked goods."
安大略省多伦多-(Newsfile Corp.-2022年12月20日)-City View Green Holdings Inc.(CSE:CVGR)(场外交易市场代码:CVGRF)(以下简称“City View”或“公司”)是一家总部位于加拿大的创新型大麻食品制造公司,该公司宣布,继2022年10月31日的新闻稿之后,City View董事会和管理层已经完成了对公司当前运营的评估,并决定将主要业务搬迁以节省成本。这一决定将在未来的基础上显著减少每月的费用。随着公司转型,其目前的业务将被搁置,因为它在新的地点设立。该公司预计在2023年初重新开始运营。该公司首席执行官罗布·菲亚评论说:“自2018年大麻合法化以来,大麻行业经历了巨大的成长痛苦。幸运的是,City View通过避开商品化的鲜花和提取业务,避免了其他大麻公司经历的重大陷阱。2023年,该公司的重点将是品牌消费品,如巧克力、口香糖和烘焙食品。”
In addition, the Company would like to report that it is reviewing several merger and acquisition opportunities including international opportunities focused on the European market which opens up to edibles in 2024. Although there is no guarantee a transaction may occur, over the next quarter Management expects to shortlist a number of proposed cannabis acquisition opportunities for City View and at such time will establish what it believes will be the optimal structure to complete such acquisitions (whether by asset acquisition, joint venture or share purchase of any entity in the cannabis space). In addition, City View expects to explore funding partners to secure the assets and will draw on cannabis consulting experts to complement any acquisition, joint venture, or merger opportunities for the Company.
此外,该公司还报告说,它正在审查几个合并和收购机会,包括专注于2024年向食品开放的欧洲市场的国际机会。虽然不能保证可能会发生交易,但管理层预计在下个季度将为City View列出一些拟议的大麻收购机会,并将确定其认为完成此类收购的最佳结构(无论是通过资产收购、合资企业或购买大麻领域任何实体的股份)。此外,City View预计将探索融资合作伙伴以确保资产的安全,并将利用大麻咨询专家来补充公司的任何收购、合资或合并机会。
The Company will provide shareholders with updates on these opportunities as material information becomes available.
一旦获得重要信息,公司将向股东提供有关这些机会的最新情况。
For further information contact:
如需进一步信息,请联系:
City View Green Holdings Inc.
Rob Fia, CEO & President
Email: rob@cityviewgreen.ca
城市景观绿色控股公司。
罗布·菲亚,首席执行官兼总裁
电子邮件:rob@ciyviewgreen.ca
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
加拿大证券交易所及其法规服务机构均不对本新闻稿的充分性或准确性承担责任。
About City View Green holdings
City View is a leading consumer packaged goods company focused on the development of cannabis-infused edibles. With the receipt of its Cannabis Act processing license on April 30, 2021, City View will incorporate cannabis-infused food production. In addition, City View owns a 27.5% stake in Budd Hutt Inc. ("Budd Hutt"), a retail-focused cannabis company with access to cannabis cultivation and production licenses in Alberta and other retail opportunities across Canada. Through its relationship with Budd Hutt, the Company anticipates securing shelf space, product placement, and distribution opportunities for our white label partner products. For more information visit:
关于城市景观绿地控股
City View是一家领先的消费品包装公司,专注于开发注入大麻的可食性食品。收到它的收据后《大麻法案》2021年4月30日,加工许可证,City View将纳入注入大麻的食品生产。此外,City View拥有Budd Hutt Inc.(“Budd Hutt”)27.5%的股份,这是一家专注于零售的大麻公司,可以获得艾伯塔省的大麻种植和生产许可证,以及加拿大各地的其他零售机会。通过与Budd Hutt的关系,该公司预计将确保我们的白标合作伙伴产品的货架空间、产品放置和分销机会。有关更多信息,请访问:
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company's future plans, objectives or goals, including words to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance that actual results will meet management's expectations. There are a number of important factors that could cause the Company's actual results to differ materially from those indicated or implied by forward-looking statements and information. When relying on the Company's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and ability to predict or counteract potential impact of COVID-19 coronavirus on factors relevant to the Company's business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.
对前瞻性信息的免责声明
本新闻稿包含不包含历史事实的前瞻性陈述。就其性质而言,前瞻性表述涉及已知和未知的风险、不确定因素和其他因素,这些风险、不确定性和其他因素可能会导致我们的实际结果、业绩或成就或其他未来事件与此类前瞻性表述明示或暗示的任何未来结果、业绩或成就大不相同。前瞻性陈述包括描述公司未来计划、目标或目标的估计和陈述,包括公司或管理层预期将出现的情况或结果的表述。前瞻性陈述可以用“相信”、“预期”、“预期”、“估计”、“可能”、“将”或“计划”等术语来识别。由于前瞻性陈述以假设为基础,涉及未来的事件和情况,因此它们本身就具有内在的风险和不确定性。虽然这些陈述是基于公司目前掌握的信息,但公司不能保证实际结果将符合管理层的期望。有许多重要因素可能导致该公司的实际结果与前瞻性陈述和信息所表明或暗示的结果大不相同。在依赖公司的前瞻性陈述和信息做出决策时,投资者和其他人应仔细考虑前述因素以及其他不确定因素和潜在事件。可能导致实际结果与公司预期大相径庭的重要因素包括,除其他外,未来所需融资的可用性和成本、股票市场的变化、项目开发的延误, 以及预测或应对新冠肺炎冠状病毒对与公司业务相关的因素的潜在影响的能力。尽管该公司试图确定可能导致实际结果大不相同的重要因素,但可能还有其他因素导致结果与预期、估计或预期的不同。不能保证这些陈述将被证明是准确的,因为实际结果和未来事件可能与这些陈述中预期的大不相同。因此,读者不应过分依赖前瞻性陈述。
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
本新闻稿中包含的前瞻性信息代表了公司截至本新闻稿发布之日的预期,因此,在该日期之后可能会发生变化。读者不应过分重视前瞻性信息,也不应依赖截至任何其他日期的这些信息。虽然公司可以选择这样做,但IT不承诺在任何特定时间更新此信息,除非根据适用法律的要求。
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要查看本新闻稿的源版本,请访问