City View issues warrants and negotiates debt settlement

Toronto, Ontario–(Newsfile Corp. – May 2, 2022) – City View Green Holdings Inc. CVGR CVGR (“City View” or the “Company”), a leading consumer packaged goods company focused on the development of cannabis-infused edibles, announces that it has issued 3,250,000 stock warrants to an independent consultant in partial consideration for consulting services provided to City View over the past three years. The warrants expire on December 31, 2022 and are each exercisable for one common share of the Company at a price of $0.10/share. These warrants, and any underlying common stock issued upon their exercise, will have a hold period expiring on September 2, 2022, in accordance with CSE policies and applicable securities laws.

City View also negotiated a debt settlement with an arm’s length creditor. Pursuant to the debt settlement agreement, the Company has settled an aggregate debt of $42,000, in consideration for which it will issue an aggregate of 600,000 common shares at a deemed price of $0.07 per share. All common shares issued under these debt settlements will have a hold period expiring 4 months and 1 day after their date of issue, in accordance with CSE policies and applicable securities laws.

For more information, contact:
City View Green Holdings Inc.
Rob Fia, CEO and President
Email: [email protected]
Follow us on twitter: https://twitter.com/cityviewgreen1

Neither the Canadian Securities Exchange nor its regulatory departments accept responsibility for the adequacy or accuracy of this release.

About the city view

City View is a leading consumer packaged goods company focused on the development of cannabis-infused edibles. With the reception of sound Cannabis law processing license on April 30, 2021, City View will integrate the production of cannabis-infused foods into its large-capacity facility in Brantford, Ontario. In addition, City View owns a 27.5% interest in Budd Hutt Inc. (“Budd Hutt”), a cannabis retail business with access to cannabis cultivation and production licenses in Alberta and other retail opportunities across Canada. Through its relationship with Budd Hutt, the company plans to secure storage space, product placement and distribution opportunities for our white label partner products. For more information visit: www.cityviewgreen.ca.

Disclaimer for forward-looking information

This press release contains forward-looking statements that are not comprised of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause our actual results, performance or achievements, or other future events, to be materially different from the results, performance or future achievements expressed or implied by such forward-looking statements. Forward-looking statements include estimates and statements that describe the Company’s future plans, objectives or goals, including words that indicate that the Company or management expects a stated condition or result to occur. Forward-looking statements can be identified by words such as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will” or “plans”. Because forward-looking statements are based on assumptions and address future events and conditions, they, by their very nature, involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company does not guarantee that actual results will meet management’s expectations. There are a number of important factors that could cause the Company’s actual results to differ materially from those indicated or implied by the forward-looking statements and information. When relying on the Company’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors as well as other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company’s expectations include, among others, the availability and costs of financing required in the future, changes in stock markets, delays in the development of projects and the ability to predict or thwart the potential impact of coronavirus COVID-19 on factors relevant to the Company’s business. Although the Company has attempted to identify important factors that could cause actual results to differ materially, other factors may cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS PRESS RELEASE REPRESENTS THE COMPANY’S EXPECTATIONS AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT ATTACK UNBIDDEN IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY ON SUCH INFORMATION AS OF ANY OTHER DATE. ALTHOUGH THE COMPANY MAY CHOOSE TO DO SO, IT DOES NOT OBLIGATE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME, EXCEPT AS REQUIRED UNDER APPLICABLE LAW.

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