City View Green Holdings Inc (OTCMKTS:CVGRF) is an important player in the cannabis industry since it is involved in the cannabis edibles space and in the past month, it has seen its stock make strong gains with a 13% jump in the past month.
Trading Data
On Thursday, CVGRF stock ended flat at $0.0452 with more than 3K shares, compared to its average volume of 2.6k shares. The stock moved within a range of $0.0452 – 0.0452 after opening the trade at $0.0452.
Recent News
The company has made considerable progress in its business this year and the biggest milestone was perhaps the award of the Cannabis Act processing license earlier on in the year in April. Following the awarding of the license, it emerged that the company was going to be involved in cannabis infused food production at its high capacity establishment located at Brantford, Ontario.
Last month the company also provided a major update with regards to its facility at Brantford. City View announced on October 14 that the facility was going to become operational in the early days of November 2021.
In addition to that, the company also noted that it had also made considerable progress in relation to strategic deals with some of the licensed cannabis producers. This has enabled City View to put in motion its long term plan of becoming one of the major players in the niche value added cannabis space. At this point, the company is gong to be focussed on the fast growing edibles space.
Key Quote
Rob Fia, CEO & President of City View, commented:
“We are excited to begin manufacturing cannabis edibles and lead the development of unique products that provincial boards and consumers desire. Our technical expertise and know-how will lead to the highest levels of safety and consistency in our products, while focusing on large-scale food manufacturing and healthy operating margins.”
