- City View Green Holdings (CVGR) and Budd Hutt have opened their first retail cannabis store in Morinville, Alberta
- Budd Hutt has hired experienced staff and expects the store to perform well due to its strategic location
- Budd Hutt operates four stores with six more at various stages of preparation for opening
- Budd Hutt is a retail-focused cannabis company in Alberta
- City View Green Holdings is a food company focused on developing cannabis-infused edibles
- City View Green Holdings (CVGR) closed the day up 10.53 per cent trading at C$0.105 per share
City View Green Holdings (CVGR) and Budd Hutt have opened their first retail cannabis store in Morinville, Alberta.
Budd Hutt has hired experienced staff and expects the store to perform well due to its proximity to the main part of town, as well as nearby shopping and amenities.
Budd Hutt has a total of seven stores with four licensed locations including Morinville, Grande Cache, Vermillion and Leduc. The company expects the remaining three licensed locations to open between May and July 2021.
In addition, Budd Hutt has three locations at various stages of leasehold improvements including Cold Lake, Red Water and Whitecourt. These locations require branding prior to undergoing a final inspection to receive retail licenses from Alberta Gaming Liquor and Cannabis.
Craig Belcher, Director of Budd Hutt, commented,
“These are exciting times for Budd Hutt. The Morinville store opening will be followed by our Grande Cache store location, which we expect to open in May 2021. Budd Hutt looks forward to becoming part of the local fabric and culture in Alberta.”
Rob Fia, City View President and CEO, commented,
“We welcome the great new staff at Budd Hutt, Morinville. These Budd Hutt store openings represent a cash flow opportunity for Budd Hutt and in turn generate significant value for City View and its shareholders.”
Budd Hutt is a retail-focused cannabis company in Alberta.
City View Green Holdings is a food company focused on developing cannabis-infused edibles.
City View Green Holdings (CVGR) closed the day up 10.53 per cent trading at C$0.105 per share.
