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Forum - Penny Stocks (Covalent Group Inc - CVGR)   

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From: NetworkNewsWire (Rep: 0)Date: 08/23/2019 17:09
Forum: Penny Stocks - Msg #3626 - List CVGR msgs Thread #674096082 (Rec: 0)
NetworkNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Creating Seed-to-Retail Cannabis Network

City View Green Holdings (CSE: CVGR) is a vertically integrated cannabis company with a primary focus on the development of a seed-to-retail cannabis network. Recently, the company finalized an agreement securing a 40,000-square-foot cultivation facility that CVGR plans to use to produce a pharmaceutical-grade crop. An article discussing the company reads, “City View Green recently announced that it had completed a previously detailed goal of transferring its option to purchase the facility in Brantford, Ontario, just southwest of Toronto, to an arms-length financier who has also completed a five-year renewable lease agreement with CVGR that includes a first right of refusal on any potential future sale of the property. . . . The financier will provide all the required buildout and capital improvements necessary for the mandatory Health Canada licenses and to make the facility a fully operational cannabis cultivation and extraction site, according to the announcement (http://nnw.fm/9rU4z). The new landlord obtained one million common share purchase warrants in exchange, each of which can be used to purchase one common share of the company at a price of $0.18 during the next five years.”

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