- City View Green Holdings (CVGR) has announced a C$1M non-brokered private placement
- The company will use the proceeds for general working capital
- It closed the first tranche earlier today for total gross proceeds of $480,000
- City View Green Holdings is a consumer packaged goods company focused on the development of cannabis-infused edibles
- City View Green (CVGR) is unchanged trading at $0.045 per share
City View Green Holdings (CVGR) has announced a C$1M non-brokered private placement.
The company will offer up to 20M units priced at $0.05.
Each unit consists of one common share and one warrant.
Each warrant entitles the holder to purchase one common share for $0.10 for two years from the closing date, subject to acceleration with 30 days’ notice.
The company will use the proceeds for general working capital.
It closed the first tranche earlier today through the issuance of 9.6M units for total gross proceeds of $480,000.
Rob Fia, the company’s CEO, invested $100,000 in the first tranche.
The company has also settled debt of $88,324.98 with arm’s length creditors by issuing 1,261,784 common shares priced at $0.07.
City View Green Holdings is a consumer packaged goods company focused on the development of cannabis-infused edibles.
City View Green (CVGR) is unchanged trading at $0.045 per share as of 1:50 pm EST.