City View Receives Research License from Health Canada for Tasting Cannabis Products

Toronto, Ontario–(Newsfile Corp. – April 21, 2022) – City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) (“City View” or the “Company”), a leading green property Consumer Packaged Products focused on the development of cannabis-infused edibles is pleased to announce that it has received its Cannabis Research License under the Cannabis Act and Cannabis Regulations from Health Canada.

This license allows City View to conduct controlled human sensory (taste) testing of cannabis-infused products. Activities authorized by Health Canada include 1) possession of cannabis for research purposes and 2) production of cannabis for research purposes. As an essential part of new product development, taste testing will enable City View to bring to market high-quality edibles that reflect market trends and consumer preferences.

City View will now be able to partner with companies that want to develop cannabis edibles, create innovative recipes, evaluate the consumer experience, or explore the development process of launching a cannabis-infused product.

Rob Fia, CEO, commented:

“Today, cannabis consumers have more choices than ever, but some of the choices on the market do not achieve the flavor profile that consumers want. Through this research license, City View will gain an in-depth understanding of the consumers’ taste preferences ahead of competitors to produce popular and tasty products. City View and its customers will “create delicious together”.

Steve Naraine, Discovery Director:

“The rigorous structured data collection, analysis and interpretation of people’s response to taste (taste) and olfactory (smell) stimuli will generate insights into market preferences, leading to edibles focused on consumers who will satisfy the different flavor profiles.”

City View would also like to announce that it is currently preparing its sale amendment to its processing license to allow the company to bring products directly to market.

For more information, contact:
City View Green Holdings Inc.
Rob Fia, CEO and President
Email: rob@cityviewgreen.ca
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.

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