City View Green Holdings Inc. (OTCMKTS:CVGRF) is up 29% in a week. The company has signed an agreement with a top licensed medical cannabis producer to develop and manufacture three distinct product SKUs for a new edibles’ category.
Trading Data
On Monday, CVGRF stock ended flat at $0.0423 with more than 111k shares traded, compared to its average volume of 2.9k shares. The stock has moved within a range of $0.0423 – 0.0423 after opening trading at $0.0365.
Signs Agreement with Leading Edge Licensed Producer for Three Cannabis-Infused Products
The customer will supply three different marijuana-infused edibles countrywide starting March 2022. City View will sign a manufacturing deal with the medical cannabis producer after successfully piloting the three distinctively flavored infused products. Once the company completes the development, manufacture, and sale of the initial cannabis-infused products, they will further the potential for manufacturing and partnership for additional flavor and other edible SKUs.
CEO of City View Rob Fia said they are delighted to develop a distinctive signature product for a renowned customer. Fia added that the specially designed SKUs would elevate the company’s cannabis-infused production capabilities. In addition, the City View team has the experience and know-how of creating different moniker cannabis-infused products. Therefore, CVGRF is worth watching in the coming weeks.
Key Quote
“We are excited to create an exclusive signature product line for this highly reputable Customer,” shared Rob Fia, CEO of City View. “These specially designed products will further elevate City View Green’s cannabis-infused manufacturing and product development capabilities. Our team at City View possesses the skills and experience to create a variety of cannabis-infused signature products that are unique and offer fun edible options to meet all our clients’ and their customers desires, while also providing the highest levels of safety and consistency to adhere to high quality food manufacturing and cannabis regulatory requirements.”
Technical Data
CVGRF stock is trading below the 20-Day and 50-Day Moving averages of $0.0452 and $0.0440 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0577. The stock is down 15% in the past month.
