TORONTO, Ontario, Canada — City View Green Holdings Inc. (CSE: CVGR) (the “Company”) trading through the facilities of the Canadian Securities Exchange (“CSE”) under the symbol “CVGR” has entered into a Letter of Intent (“LOI”) with Blue Heaven Coffee Company (BHC) to purchase 100% of the company for a combination of cash and shares. Further details to be provided upon signing of a definitive agreement.
Included in this purchase will be a number of Blue Heaven Cafés under contract with a National coast to coast partner respected as a prominent Canadian institution. The National partner provides high foot traffic and high-volume potential locations that span from coast-to-coast in Canada.
A significant expansion is planned that includes a number of Blue Heaven Cafés as well as branded “Blue Heaven” vending machines nationally. Blue Heaven Coffee Company exclusively sells Jamaica Blue Mountain Coffee which is considered by experts to be one of the best coffees produced in the world.
Ian MacDonald, CEO of City View Green Holdings Inc. stated:
“This is a strategic acquisition that will not only offer Canadians the finest coffee in the world, it will also give us a direct route to market for future edibles and consumables and provides CVG a high traffic national footprint with a viable and sustainable business model and revenue stream.”
Blue Heaven Coffee Company CEO Justin Defour added:
“We are confident CVG is the right group to take BHC and the brand to the next level. Their experienced team will ensure the success and growth of BHC and the Blue Heaven Brand for years to come.”
