City View Green Holdings Inc C.CVGR

Halted

[jimbo29]

Where are all the investors, halted right after Cityview announced their distribution hub is now open. Read between the lines it's not that hard.

[DrEdible]

What distribution "hub"?

[jimbo29]

Budd hut

[DrEdible]

You are referring to a single cannabis retailer as a "hub"... OK...Not sure how that in any way is related to a halt in trading....Carry on.

[jimbo29]

Well this isn't the reaction to the news I was hoping for. Buy on rumour sell on news I guess.

[jimbo29]

I'm sure this didn't help, why issue shares at 8 cents. Settle the debt at a higher price. The Company also announces it has negotiated a debt settlement with an arm's-length creditor. Pursuant to the debt settlement agreement, the Company and the lender under a line-of-credit facility have agreed to settle an aggregate $220,472 owing thereunder in consideration for 2,755,900 common

[jimbo29]

DrEdible, Now that we have our production licence how difficult in the cannabis space is procuring a sales licence.

[anjz661]

My best guess is 2 more months until a sales license.  However these guys seem to do everything slow, so who knows. I expect the next 2 months to have press releases disclosing more about Budd Hutt locations, openings, and products that will be produced.  A steady stream of news releases would be nice, however they don't seem to great with communicaitons, so who knows.  Once

[jimbo29]

anjz661, thanks for your response. Also looking forward to sales contracts so the company can begin to be valued correctly.

[DrEdible]

It should be noted that CVGR can execute manufacturing orders for white label customers without a sales licence. I fully expect they will begin with those orders ahead of their own brand products.

[DrEdible]

Jimbo, It is my understanding that a sales licence requires that the processing licence holder complete two successful production runs before application. The products must use the full production line including the infusion of cannabis. The sales licence will allow them to produce own-brand products and sell directly to the provincial regulators. The lack of a sales licence does not impede CVGR&

[jimbo29]

DrEdible, Thanks for the clarity regarding the sales licence. Let's hope we get NR's that keep investors informed, may help stabilize the SP going forward until we see a nice revenue stream.