City View Green Holdings Inc. and Budd Hutt Inc. Open First Retail Cannabis Store in Morinville, Alberta
Toronto, Ontario--(Newsfile Corp. - April 28, 2021) - City View Green Holdings Inc.(CSE: CVGR) (OTCQB: CVGRF) ("City View" or the "Company"), trading through the facilities of the Canadian Securities Exchange ("CSE") under the symbol "CVGR" and on the OTCQB� under the symbol "CVGRF", and Budd Hutt Inc. ("Budd Hutt"), a private retail cannabis-focused company, are pleased to announce that Budd Hutt has opened its first retail cannabis store in Morinville, Alberta. Budd Hutt has hired experienced staff and expects the Morinville store to perform well due to its location and proximity to the main part of town and nearby shopping and other amenities. Budd Hutt continues to pave the way to open the next store in Grande Cache, Alberta in May 2021.
Budd Hutt has a total of seven stores with four licensed locations including: Morinville, Grande Cache, Vermillion and Leduc, Alberta. The remaining three licensed locations are expected to open between May and July 2021. In addition, Budd Hutt has three locations that are at various stages of leasehold improvements including: Cold Lake, Red Water and Whitecourt, Alberta. These remaining three locations have the appropriate regulatory approvals in place from AGLC and require the leasehold improvements and branding prior to undergoing the final inspection approval process to receive a retail license from Alberta Gaming Liquor and Cannabis, "AGLC".
Craig Belcher, Director of Budd Hutt, commented:
"These are exciting times for Budd Hutt. The Morinville store opening will be followed by our Grande Cache store location which we expect to open in May, 2021. Budd Hutt provides a new option in the market and communities we operate in. Budd Hutt looks forward to becoming part of the local fabric and culture in Alberta."
Rob Fia, CEO & President of City View, commented:
"We are excited that Budd Hutt has opened its first store in Morinville, Alberta. We welcome the great new staff at Budd Hutt, Morinville. These Budd Hutt store openings represent a cash flow opportunity for Budd Hutt and in turn generates significant value for City View and its shareholders."