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  • City View Green Holdings (CVGR) has received a processing license from Health Canada
  • The processing license allows the company to produce cannabis edibles and related products
  • It also allows the company to conduct development activities, including the formulation of proprietary cannabis-infused edibles
  • The license was granted through the company's wholly-owned subsidiary
  • City View Green Holdings is unchanged, trading at $0.10 per share at 10:24 am ET

City View Green Holdings (CVGR) has received a processing license from Health Canada.

The license was granted through the company's wholly-owned subsidiary. The processing license allows the company to produce cannabis edibles and related products.

It also allows the company to conduct development activities, including the formulation of proprietary cannabis-infused edibles.

"We are excited to achieve this significant milestone for City View. Our team has worked hard over the last year to arrive at this stage and our plan positions the Company to evolve into a leading edibles manufacturer for both white label customers and branded City View edibles. Our cannabis infused edibles will not only look and taste great, but they will also be differentiated through research and development and will be cost competitive. City View's focus will be on automation and high-quality standards leveraging our experienced team's know how. City View will report on the progress of this evolution soon," said City View President and CEO Rob Fia.

The company also negotiated a debt settlement with an arm's-length creditor. The company and the lender under a line-of-credit facility have agreed to settle an aggregate of $220,472 owing for 2,755,900 common shares issued at a deemed price of C$0.08 per share.

City View is a leading consumer packaged goods company focused on the development of cannabis-infused edibles.

City View Green Holdings is unchanged, trading at $0.10 per share at 10:24 am ET.

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