NetworkNewsBreaks – City View Green Holdings Inc
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Posted On: 05/29/2019 4:26:01 PM
NetworkNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) Anticipates Close of LOI for Purchase Leaseback Transaction
Toronto, Ontario-based City View Green Holdings (CSE: CVGR) is aiming to close on its letter of intent (“LOI”) for a purchase leaseback transaction of its Brantford, Ontario, facility and property. Terms of the deal call for the new landlord to finance required build-out and capital improvements that are required for CVGR to attain Health Canada licenses (http://nnw.fm/3Tefr). An article further discussing the company reads, “The agreement notes that CVGR would exercise its option to purchase the Brantford property then transfer that option to a financier. CVGR would then enter a five-year lease with a five-year renewable term. The company would have the right of first refusal to purchase the facility and property if the new owner decides to sell. . . . ‘This is a nondilutive way for us to finance and finalize the required build-out of the Brantford facility,’ CVGR CEO Ian MacDonald said in a news release. ‘We are confident we have established the framework for a mutually beneficial outcome with the financier. We hope to have this deal closed within the next 60 days, and our current build-out initiatives are proceeding as planned.’”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Toronto, Ontario-based City View Green Holdings (CSE: CVGR) is aiming to close on its letter of intent (“LOI”) for a purchase leaseback transaction of its Brantford, Ontario, facility and property. Terms of the deal call for the new landlord to finance required build-out and capital improvements that are required for CVGR to attain Health Canada licenses (http://nnw.fm/3Tefr). An article further discussing the company reads, “The agreement notes that CVGR would exercise its option to purchase the Brantford property then transfer that option to a financier. CVGR would then enter a five-year lease with a five-year renewable term. The company would have the right of first refusal to purchase the facility and property if the new owner decides to sell. . . . ‘This is a nondilutive way for us to finance and finalize the required build-out of the Brantford facility,’ CVGR CEO Ian MacDonald said in a news release. ‘We are confident we have established the framework for a mutually beneficial outcome with the financier. We hope to have this deal closed within the next 60 days, and our current build-out initiatives are proceeding as planned.’”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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