City View Green Holdings Inc. Considering Spin Out as Part of Strategic Review
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) has announced updates to its strategic review process initiated to maximize shareholder value. The Board is considering several options including: spinning out its subsidiary into a separate public company, forming strategic partnerships, divesting non-core assets, and other value-enhancing initiatives.
If the spinout proceeds, the company plans to explore new business opportunities in Esports, Artificial Intelligence, Blockchain, Web3, or Gold sectors. CEO Rob Fia highlighted that recent debt settlements exceeding $2.3 million have positioned the company well to execute these strategic options.
Additionally, the company has extended its current private placement until March 28, 2025, and granted 25,000,000 stock options to directors, officers, and consultants, exercisable at $0.05 per share for 3 years.
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) ha annunciato aggiornamenti sul suo processo di revisione strategica avviato per massimizzare il valore per gli azionisti. Il Consiglio sta considerando diverse opzioni tra cui: scorporare la sua controllata in una società pubblica separata, formare alleanze strategiche, dismettere attività non core e altre iniziative volte ad aumentare il valore.
Se lo scorporo procederà, l'azienda prevede di esplorare nuove opportunità commerciali nei settori di Esports, Intelligenza Artificiale, Blockchain, Web3 o Oro. Il CEO Rob Fia ha sottolineato che recenti accordi di debito superiori a 2,3 milioni di dollari hanno messo l'azienda in una buona posizione per attuare queste opzioni strategiche.
Inoltre, l'azienda ha esteso il suo attuale collocamento privato fino al 28 marzo 2025 e ha concesso 25.000.000 di opzioni su azioni a direttori, funzionari e consulenti, esercitabili a $0,05 per azione per 3 anni.
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) ha anunciado actualizaciones sobre su proceso de revisión estratégica iniciado para maximizar el valor para los accionistas. La Junta está considerando varias opciones, incluyendo: escindir su filial en una empresa pública separada, formar asociaciones estratégicas, desinvertir activos no esenciales y otras iniciativas para aumentar el valor.
Si la escisión avanza, la empresa planea explorar nuevas oportunidades comerciales en los sectores de Esports, Inteligencia Artificial, Blockchain, Web3 o Oro. El CEO Rob Fia destacó que los recientes acuerdos de deuda que superan los 2,3 millones de dólares han posicionado bien a la empresa para ejecutar estas opciones estratégicas.
Además, la empresa ha extendido su colocación privada actual hasta el 28 de marzo de 2025 y ha otorgado 25.000.000 de opciones sobre acciones a directores, funcionarios y consultores, que se pueden ejercer a $0,05 por acción durante 3 años.
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF)는 주주 가치를 극대화하기 위해 시작된 전략 검토 프로세스에 대한 업데이트를 발표했습니다. 이사회는 자회사를 별도의 상장 회사로 분할하는 것, 전략적 파트너십 형성, 비핵심 자산 매각 및 기타 가치 증대 이니셔티브를 포함한 여러 옵션을 고려하고 있습니다.
분할이 진행된다면, 회사는 Esports, 인공지능, 블록체인, Web3 또는 금 부문에서 새로운 비즈니스 기회를 탐색할 계획입니다. CEO Rob Fia는 최근 230만 달러를 초과하는 부채 합의가 회사가 이러한 전략적 옵션을 실행하는 데 유리한 위치를 확보했다고 강조했습니다.
또한, 회사는 현재의 사모펀드 모집을 2025년 3월 28일까지 연장했으며, 이사, 임원 및 컨설턴트에게 2,500만 주의 주식 옵션을 부여하였고, 해당 옵션은 주당 0.05달러에 3년간 행사할 수 있습니다.
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) a annoncé des mises à jour concernant son processus de révision stratégique lancé pour maximiser la valeur pour les actionnaires. Le Conseil envisage plusieurs options, notamment : la scission de sa filiale en une société publique distincte, la formation de partenariats stratégiques, la cession d'actifs non essentiels et d'autres initiatives visant à accroître la valeur.
Si la scission se concrétise, l'entreprise prévoit d'explorer de nouvelles opportunités commerciales dans les secteurs de l'Esport, de l'intelligence artificielle, de la blockchain, du Web3 ou de l'or. Le PDG Rob Fia a souligné que des règlements de dettes récents dépassant 2,3 millions de dollars ont bien positionné l'entreprise pour exécuter ces options stratégiques.
De plus, l'entreprise a prolongé son placement privé actuel jusqu'au 28 mars 2025 et a accordé 25.000.000 d'options d'achat d'actions à des directeurs, des dirigeants et des consultants, exerçables à 0,05 $ par action pendant 3 ans.
City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) hat Aktualisierungen zu seinem strategischen Überprüfungsprozess angekündigt, der initiiert wurde, um den Aktionärswert zu maximieren. Der Vorstand erwägt mehrere Optionen, darunter: die Abspaltung seiner Tochtergesellschaft in ein separates börsennotiertes Unternehmen, die Bildung strategischer Partnerschaften, den Verkauf von nicht zum Kerngeschäft gehörenden Vermögenswerten und andere wertsteigernde Initiativen.
Wenn die Abspaltung voranschreitet, plant das Unternehmen, neue Geschäftsmöglichkeiten in den Bereichen Esports, Künstliche Intelligenz, Blockchain, Web3 oder Gold zu erkunden. CEO Rob Fia hob hervor, dass kürzliche Schuldenregelungen von über 2,3 Millionen Dollar das Unternehmen gut positioniert haben, um diese strategischen Optionen umzusetzen.
Darüber hinaus hat das Unternehmen seine derzeitige Privatplatzierung bis zum 28. März 2025 verlängert und 25.000.000 Aktienoptionen an Direktoren, Führungskräfte und Berater vergeben, die für 3 Jahre zu einem Preis von 0,05 $ pro Aktie ausgeübt werden können.
- Recent debt settlements of over $2.3 million improving financial position
- Potential value creation through subsidiary spinout into separate public entity
- Strategic flexibility to enter high-growth sectors like AI, Blockchain, and Esports
- Uncertain outcome and timing of strategic review process
- No guarantee of successful completion of any proposed transactions
- Significant shift from current cannabis business model indicates possible challenges in current operations
Extends Private Placement and Grants Stock Options
Toronto, Ontario--(Newsfile Corp. - February 12, 2025) - City View Green Holdings Inc. (CSE: CVGR) (OTCQB: CVGRF) ("City View" or the "Company"), an innovative Canadian-based cannabis-infused edibles manufacturing company, would like to update the shareholders on its strategic review. As previously announced in its press release dated November 7, 2023 and May 6, 2024, the Board of Directors ("the Board") initiated a review process to explore, review and evaluate a broad range of strategic alternatives with the intent to unlock and maximize shareholder value. The Board's strategic review process encompassed an evaluation of the Company's current strategic direction, operations, market valuation and capital structure and the Board considered appropriate strategic, business and financial alternatives for the Company.
As a result of this review, the Board is considering the following options:
- a potential spinout of its subsidiary into a separate, independently traded public company;
- strategic partnerships or joint ventures with third parties;
- sale or divestiture of non-core assets; and/or
- other value enhancing initiatives.
In the event the Board proceeds with the spinout of its subsidiary, the Board will then undertake a process, subject to CSE approval, to explore new business opportunities, including but not limited to changing the business of the Company from an industrial issuer to an investment issuer whose focus will be to identify and invest in innovative and fast-growing companies within the Esports, Artificial Intelligence, Blockchain, and Web3 sectors or the Gold sector. The Board will consider and identify accretive acquisitions that meet a wider strategic scope and strategy for the Company.
Rob Fia, CEO and President of the Company stated: "With the recent debt settlements for over
There can be no assurance that the strategic review process will result in any transaction or other alternative, nor any assurance as to its outcome or timing. There is no timetable for completion of this process and the Company does not intend to comment further unless and until it determines that further disclosure is necessary or appropriate.
The Company also announces that its current private placement has been extended. The remaining balance of units available for sale under this offering will remain open until March 28, 2025. Refer to the Company's October 17, 2024 and December 23, 2024 news releases for further details on this financing.
The Company announces that it has granted incentive stock options to certain directors, officers and consultants of the Company to purchase up to an aggregate of 25,000,000 common shares of the Company pursuant to the company's share option plan. The options are exercisable for a period of 3 years at a price of
About City View Green Holdings Inc.
City View is a leading consumer packaged goods company focused on the development of cannabis infused edibles with the receipt of its Cannabis Act processing license on April 30, 2021. For more information visit: www.cityviewgreen.ca.
For further information contact:
City View Green Holdings Inc.
Rob Fia, CEO & President
Email: rob@cityviewgreen.ca
Neither the Canadian Securities Exchange nor its regulations services accept responsibility for the adequacy or accuracy of this release.
Disclaimer for Forward-Looking Information
This press release contains forward-looking statements which are not composed of historical facts. By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or 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 to the effect that the Company or management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as "believes", "anticipates", "expects", "estimates", "may", "could", "would", "will", or "plan". Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to the Company, the Company provides no assurance 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 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 and other uncertainties and potential events. Important factors that could cause actual results to differ materially from the Company's expectations include, among others, availability and costs of financing needed in the future, changes in equity markets, delays in the development of projects, and ability to predict or counteract potential impact of COVID19 coronavirus 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, there may be other factors that 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 EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS PRESS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/240490
FAQ
What strategic options is CVGRF considering in its review process?
How much debt has CVGRF recently settled?
What new sectors might CVGRF enter after the potential spinout?
What are the details of CVGRF's recent stock option grant?
Until when has CVGRF extended its current private placement?
