Mr. Rob Fia reports
CITY VIEW GREEN HOLDINGS INC. PROVIDES UPDATE ON ITS 1ST QUARTER FILINGS
Following the press releases of April 28, 2020, and May 28, 2020, City View Green Holdings Inc. is providing a further update on the status of filing its first quarter consolidated interim financial statements, accompanying management's discussion and analysis, and related chief executive officer and chief financial officer certificates for the three-month period ended March 31, 2020.
On March 18, 2020, the Canadian Securities Administrators announced that it would provide issuers with a 45-day filing extension for filings required on or before June 1, 2020, as a result of COVID-19 pandemic. As such, the Ontario Securities Commission has enacted Ontario Instrument 51-502 (Temporary Exemption from Certain Corporate Finance Requirements) dated March 23, 2020. In its April 28 and May 28, 2020, press releases, the company announced its reliance on the exemption with respect to extending the deadline of filing its first quarter filings, which are required to be filed by June 1, 2020, under sections 4.3 and 4.4 of National Instrument 51-102 (Continuous Disclosure Obligations). The company is continuing to work diligently and currently expects to have the first quarter filings filed on or prior to the extended filing deadline of July 16, 2020.
As required by OI 51-502 and similar instruments and orders enacted in British Columbia and Alberta, the company discloses the following:
- Until such time as the company has filed the first quarter filings, members of management and other insiders are subject to a trading blackout policy that reflects the principles in Section 9 of National Policy 11-207 (Failure-to-File Cease Trade Orders and Revocations in Multiple Jurisdictions).
- The company confirms that there have been no material business developments, other than those announced through news releases, since June 15, 2020, when the company filed its audited financial statements for the fiscal year ended Dec. 31, 2019.
About City View Green Holdings Inc.
City View Green is a leading cannabis-infused food company focused on the development of food brands, extraction and distribution. Upon the anticipated receipt of its Cannabis Act processing and sales licences, City View will incorporate cannabis-infused food production and extraction at its Brantford, Ont., facility. Once operational, it is the company's expectation that City View will produce high-quality cannabis-infused food, oils, distillates and water-soluble products for the food and beverage markets. In addition, City View owns a 19.9-per-cent stake in Budd Hutt Inc., a retail-focused cannabis company with access to cannabis cultivation and production licences in Alberta and other retail opportunities across Canada.
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