On October 17, 2024, at 7:00 AM EDT, an innovative Canadian-based cannabis-infused edibles manufacturing company, referred to as “the Company” or “City View”, which operates under the name City View Green Holdings Inc., announced its intention to raise gross proceeds of up to $1,000,000 through a non-brokered private placement of up to 100,000,000 units (referred to as “Units”) at a price of $0.01 per Unit.
Each Unit will consist of one common share in the capital of the Company and one-half of one common share purchase warrant. Each whole warrant will entitle the holder to purchase one common share of the Company at a price of $0.05 per share for a period of 3 years following the date of issuance. The Company may accelerate the expiry date of the warrants under certain conditions.
The private placement will be offered to qualified purchasers in compliance with exemptions from prospectus and registration requirements of applicable securities legislation. Company directors and officers may participate in the private placement, which will be treated as a related party transaction under Multilateral Instrument 61-101.
The non-brokered private placement is subject to regulatory approvals, and eligible finders will receive finders’ fees. The securities issued will be subject to a hold period of four months and one day. The net proceeds from the private placement will be used for general working capital purposes.
City View also announced a marketing and consulting agreement with Outside The Box Capital Inc., a marketing firm based in Oakville, Ontario, for marketing consulting and investor relations services. The engagement will include marketing services through various channels, with the Company paying a monthly fee to Outside The Box Capital Inc.
This news release does not constitute an offer to sell securities in the United States and the securities have not been registered under applicable laws. City View Green Holdings Inc. is a leading consumer packaged goods company focused on developing cannabis-infused edibles, holding a processing license under the Cannabis Act since April 30, 2021.
Forward-looking statements were included in this press release, with the Company not intending to revise or update these statements after the date hereof. The Canadian Securities Exchange or its regulatory services do not accept responsibility for the adequacy or accuracy of this release.
