- CVGR owns 19.9 percent of Budd Hutt, which will focus on attaining retail shelf space and securing distribution opportunities
- CVGR’s seed-to-retail model is designed to grow and produce cannabis extracts in anticipation of high-quality edible products
- Company President says that Budd Hutt’s selection of Belcher as new CEO will help transform that firm into a top retailer of cannabis and cannabis-based products
City View Green Holdings Inc. (CSE: CVGR) owns a 19.9 percent stake in Budd Hutt Inc., a retail-focused cannabis company that recently named Craig Belcher as its new CEO (http://nnw.fm/aD95N). CVGR is fully supportive of the executive move.
“We are confident Mr. Belcher’s experience and passion will lead and transform Budd Hutt Inc. into one of the top retailers of cannabis and cannabis-based products,” CVGR President Rob Fia stated in a news release. “This is an exciting time for all of us.”
Toronto, Canada-based CVGR is a vertically integrated seed-to-sale cannabis company that’s planning to grow high-quality cannabis and produce extracts. The company anticipates producing edible products, distillates and water-soluble products for the beverage market. Its partner, Budd Hutt, will be charged with securing retail shelf space and expanding distribution opportunities for the CVGR line.
“Having City View Green as a key partner in Budd Hutt Inc., with their vertically integrated seed to sale approach, is a critical element to our future success,” Belcher added. He brings with him impressive experience in the regulated alcohol beverage and tobacco industries, as well as brand and retail savvy. Previously, he was co-founder and EVP of Brand Momentum. Regarding CVGR, Belcher added, “We are in the process of reviewing several attractive retail opportunities nationally and look forward to sharing the results in the near future.”
For more information, visit the company’s website at www.CityViewGreen.ca
NOTE TO INVESTORS: The latest news and updates relating to CVGR are available in the company’s newsroom at http://nnw.fm/CVGR
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