NetworkNewsBreaks – City View Green Holdings Inc

NetworkNewsBreaks – City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) Puts Cultivation on Hold to Focus on Extraction, Edibles and Distribution

City View Green Holdings (CSE: CVGR) (OTCQB: CVGRF) today amended its buildout and business strategy to respond to the evolving cannabis market. According to the update, City View will put the cultivation buildout and operations on hold until there is a strong business case to enter the cultivation market, and will focus on extraction, edibles and distribution. The company continues the buildout of its facility with a focus on designated areas for extractions and edibles. “We have been witnessing a surplus in both cannabis and hemp cultivation,” City View Green CEO Ian MacDonald said in the news release. “City View is focused on targeting higher margin, sustainable business opportunities that will provide long term growth and favorable returns for our stakeholders. The reality is we can now acquire both cannabis and hemp for our extraction purposes for less than the investment of bringing cultivation in-house. Our focus will be on producing the finest quality extracts and derivatives as well as being an innovative leader in the edibles market and maximizing distribution opportunities through our proprietary distribution network.”

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