City View Green Announces First Tranche Closing and Extension of Its Non-Brokered Private Placement

Company Overview - City View Green Holdings Inc. is an innovative Canadian-based cannabis-infused edibles manufacturing company [7] - The company received its Cannabis Act processing license on April 30, 2021 [13] Offering Details - The company has completed the first tranche of its non-brokered private placement, issuing 23,475,000 units for gross proceeds of $234,750 [7] - The remaining balance of units available for sale under the offering will remain open until January 31, 2025 [1] - All securities issued under the first tranche are subject to a hold period expiring on April 21, 2025 [7] Insider Participation - Rob Fia, the company's President, CEO, and director, participated in the first tranche by purchasing 4,000,000 units for $40,000 [8] - The participation by the insider is considered a related party transaction, but the company is exempt from obtaining a formal valuation and minority shareholder approval [8]