City View Green Holdings Inc., an innovative Canadian-based cannabis-infused edibles manufacturing company, announces that its Board of Directors (“the Board”) has initiated a review process to explore, review and evaluate a broad range of strategic alternatives with the intent to unlock and maximize shareholder value.
The Board’s strategic review process will encompass an evaluation of the Company’s current strategic direction, operations, market valuation and capital structure and will consider appropriate strategic, business and financial alternatives for the Company which may include one or more of the following: continuation as a standalone public company, strategic investor investment, acquisition by or a merger that may involve all or part of the Company’s business or assets and any other strategic alternatives that may be identified during its strategic review.
The Board has not set a timetable to complete the strategic review process nor have any decisions been made relating to strategic alternatives at this time. There can be no assurance that the review process will result in a transaction. City View will provide updates when further information becomes available.
While the review process is ongoing, City View’s management remains committed to executing the Company’s strategy and business plan with the full support of the Board.
About City View Green Holdings Inc.
City View is a leading consumer packaged goods company focused on the development of cannabis infused edibles with the receipt of its Cannabis Act processing license on April 30, 2021. In addition, City View owns a 27.5% stake in Budd Hutt Inc. (“Budd Hutt”), a retail-focused cannabis company in Alberta. For more information visit: www.cityviewgreen.ca.
