NetworkNewsWire Newsroom: July 2019

Wednesday, July 31, 2019

Markets Riding Wave of Optimism to Record Highs in 2019

The Dow Jones Industrial Average is up roughly 16.6 percent YTD; it was up just 2.4 percent through the same period in 2018
Analysts partially attribute this performance to the actions of the Fed, whose chairman expressed “sensitivity to the message that the markets are sending” in early January
The S&P 500 closed Q1 up 13.1 percent, marking the best first quarter performance for the index since 1987

U.S. financial markets recorded strong growth throughout the first half of 2019, despite trade tension with China and continued uncertainty from Fed Chair Jerome Powell regarding the timing of upcoming rate adjustments. At the end of June, the S&P 500 was up 17.35 percent YTD. Likewise, the Nasdaq was up 20.66 percent YTD, and the Russell 1000 was up 17.68 percent YTD.

Although job growth slowed during May, the unemployment rate stood strong at 3.6 percent. As a result, retail sales strengthened for the month, up 0.5 percent following a revised 0.3 percent gain in the month prior. This rising consumer confidence has many analysts calling for continued economic growth throughout the balance of 2019.

American investment management firm BlackRock lowered its global growth outlook in a July report, citing tariff and trade tensions as significant concerns for global markets, but it also noted that the response of central banks to the weaker outlook is “creating a constructive environment for U.S. and European stocks,” per CNBC. Jean Boivin, head of the BlackRock Investment Institute, added that the firm’s analysts “don’t see recession risk as anything that’s relevant for this year.”

Stock analysis firm Seeking Alpha reiterated this belief, noting in a mid-year 2019 outlook its belief that “prior recession fears in early 2019 have shifted lower.” Similar to BlackRock’s analysts, the Seeking Alpha team cited accommodative global central banking policy and near-term economic growth as primary drivers for sustained market performance throughout the second half of the year. The team goes on to suggest that “investors should begin to allocate a higher percentage of assets toward equities” based upon its updated year-end target of 3,200 for the S&P 500.

With global market conditions pointing toward continued growth despite trade tensions and interest rate uncertainty, investors are buying into the rush, and experts suggest that there is strong precedent for doing so. As Mark Haefele, global chief investment officer at UBS, told MarketWatch earlier this year, “Record highs tend to be supportive of, rather than detrimental to, near-term returns. Using S&P 500 price data since 1950, after stocks set an all-time high, their subsequent six-month price return has been 4.7 percent.”

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Trxade Group Inc. (TRXD) Reports Ongoing Revenue Records in Second Quarter Financial Filing

Trxade Group reported record revenues of over $1.9 million in its second quarter filing, as well as increased operating income and net income obtained through its acquisition of independent pharmacy services
Trxade Group is a pharmaceutical services network dedicated to helping independent pharmacies remain competitive through its web-based purchasing platform, data analytics and delivery services
Trxade also reported a year-over-year increase in operating income, from $31,446 to $132,705, and net income, from $20,513 to $57,981
Gross profits rose to more than $1.1 million, with a gross margin of 60.7 percent offset by increased cost of sales from one of the company’s acquisitions

Florida-based Trxade Group Inc. (OTCQB: TRXD), a pharmaceutical services network that brings the buyers and sellers of pharmaceutical products and services together in its own community of trust, technology and transparency, reported ongoing record revenue growth as well as an increase in gross profits and independent pharmacy subscribers as part of its second-quarter financial statement.

Trxade reported that its revenues for the three months ended June 30 were over $1.9 million, marking an increase of 129 percent over the year-ago quarter’s $837,688. It also marked a 27 percent sequential increase over the first quarter ended March 31, according to a news release issued July 29 (http://nnw.fm/xm15V).

Operating income rose during the quarter to $132,705, versus $31,446 a year ago. Net income increased to $57,981 from last year’s second quarter report of $20,513. The gains in revenue and income were primarily attributed to the acquisition of Community Specialty Pharmacy LLC and an increase of fee income generated by the company’s web-based supplier-to-pharmacy trading platform.

Gross profit for the quarter was over $1.1 million, which created a gross margin of 60.7 percent for the three-month period, as compared to $837,688 and 100 percent respectively for the second quarter of the previous year. The margin decrease was attributable to greater revenues mixed with higher costs of sales from its acquisition of independent pharmacy services.

“We made excellent progress executing against our key strategic priorities in our Delivmeds.com program, our B2C commercial efforts and our proprietary B2B trading platform www.Trxade.com… enabling us to experience top and bottom line growth,” Trxade Group Chairman and CEO Suren Ajjarapu stated in a news release. “Accordingly, I am optimistic that our new product lines will generate profitability as increasing pharmaceutical prices drive independent pharmacies, payors and consumers to be more aggressive in sourcing medication.”

Trxade Group’s resources, which include software that links a member-pharmacist network, a platform for buying medications at competitive prices and services for storing and delivery pharmaceuticals, are designed to empower independently owned pharmacies and help them manage their inventories and operations through data analysis.

For more information, visit the company’s website at www.TrxadeGroup.com

NOTE TO INVESTORS: The latest news and updates relating to TRXD are available in the company’s newsroom at http://nnw.fm/TRXD

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Evolving Telecommunications Industry Providing Fertile Ground for Spectrum Global Solutions Inc. (SGSI) and its End-to-End Network Services

The home video services industry is undergoing a significant evolution, as younger consumers increasingly edge away from traditional cable TV and gravitate toward streaming services that are viewable on mobile devices
End-to-end network technology provider Spectrum Global Solutions has positioned itself well to meet the evolving industry’s infrastructure and ongoing maintenance needs
The company serves clients large and small throughout the United States and its territories, including telecommunications giants such as Ericsson, Nokia, Sprint, AT&T and Verizon
SGSI’s acquisition of German energy infrastructure technology company WaveTech GmbH further positions its operations to respond to clients on an international scale

Online video streaming services were introduced to the television-viewing market as an alternate means of watching programming that hadn’t been DVR’d, sometimes providing supplementary content as well, but streaming services have since begun to evolve into content-providing solutions with gravitas, and current global telecommunications industry plans to begin rolling out the infrastructure for a 5G network evolution have further validated a shifting business focus toward over-the-top (OTT) services as well as cable TV.

Telecommunications network service provider Spectrum Global Solutions Inc. (OTCQB: SGSI) delivers network establishment and maintenance experience end-to-end, fulfilling contracts on a one-time service-needed basis as well as ongoing, multi-year contracts. The holding company’s client list includes carriers, aggregators, enterprise services, project management offices (PMOs) and original equipment manufacturers (OEMs) large and small, with names such as Ericsson, Nokia, Sprint, AT&T and Verizon among them.

SGSI serves telecommunications engineering and infrastructure needs across the United States, Canada, Puerto Rico, Guam and the Caribbean. A July announcement of its pending acquisition of German energy infrastructure technology company WaveTech GmbH paves the way for further expansion into the global market (http://nnw.fm/I9Ndm) and shows Spectrum’s potential to respond to differing needs in the world’s varied locales.

European internet users are generally less likely to watch video on a smart TV or smartphone than their U.S. counterparts, according to research from Ampere Analysis (http://nnw.fm/3dCmu), and the trend by which viewers worldwide continue to prefer connected TVs for long-form programming is expected to hold steady so long as significant video quality and streaming rate concerns remain outside of metropolitan areas. Still, the rise of global internet firms and changing viewing habits, particularly among younger generations, is increasing the pressure on traditional pay-TV and free-to-air broadcasters (http://nnw.fm/cB4rx).

“Younger generations are growing up with more choices at their fingertips,” Peter Katsingris, senior vice president of audience insights at Nielsen, told USA Today (http://nnw.fm/WjN6s) after noting that the percentage of 18-to-34-year-olds watching TV in a given minute dropped from 26.4 points in 2014 to 16.8 percentage points by late 2018 — a change of 36 percent overall. The younger “Gen Edge” demographic has dropped its traditional TV viewing in favor of streaming services in even larger numbers — close to 50 percent overall — according to the company.

Spectrum’s subsidiaries have provided the company the capacity to thrive amid the evolving industry landscape. AW Solutions Inc. and AW Solutions Puerto Rico LLC offer full turnkey service solutions for wireless and wireline clientele in all the contiguous states, the District of Columbia and Hawaii, as well as in the Canadian provinces of British Columbia, Quebec, Ontario, Alberta and Newfoundland and Labrador, and in Puerto Rico, Guam and the U.S. Virgin Islands.

SGSI’s ADEX Corp. and ADEX Puerto Rico LLC subsidiaries provide turnkey network deployment services and staffing solutions to telecommunications carriers and enterprise clients on an international basis. Tropical Communications Inc., an electrical and underground utility contractor headquartered in Miami, Florida, and TNS Inc., headquartered in Des Plaines, Illinois, both provide all types of structured wiring and installation services to enable private and public communication networks.

For more information, visit the company’s website at www.SpectrumGlobalSolutions.com

NOTE TO INVESTORS: The latest news and updates relating to SGSI are available in the company’s newsroom at http://nnw.fm/SGSI

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Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) Enters California Cannabis Market with Dispensary in Southern Desert

Cannabis industry investment builder Nabis Holdings has purchased Desert Hot Springs’ Desert’s Finest dispensary
The new asset gives Nabis an entry point into the world’s largest cannabis industry market, and it is strategically located near the annual Coachella Music Festival
Nabis envisions revenues of C$14.8 million this year with a leap to C$167.9 million next year, translating into forecasts of C$4.1 million in profits this year and C$67.5 million in 2020

The remarkable rise of the cannabis industry and its variety of sectors has created a sea change in some market metrics, drawing investors’ risk capital from last year’s newsmakers (http://nnw.fm/9zL6U). At the forefront of the trend, Nabis Holdings Inc. (CSE: NAB) (OTC: NABIF) (FRA: 71P) has been plying its experience in building an expanding portfolio of cannabis investments to create high-quality cash flow opportunities in states where limited licenses are granted for professional operations.

Nabis entered new territory with its first acquisition in California – the world’s largest market for the cannabis industry – which it announced in a June 12 news release noting a definitive agreement to acquire 100 percent ownership of Desert’s Finest, a 6,000-square-foot dispensary located in Desert Hot Springs, less than two hours east of Los Angeles (http://nnw.fm/8jcjC).

“As we continue national expansion of the Nabis footprint, we are pleased to announce our first acquisition in the state of California, one of the dominant cannabis markets in the United States,” Nabis CEO and Director Shay Shnet stated in a news release. “Desert’s Finest has successfully generated material revenue driven in part by their convenient dispensary location in the Palm Springs region and extensive list of registered patients.”

The dispensary has more than 37,000 registered patients and brought in more than $5.7 million in revenues over the previous 12 months, leaving it with a 47 percent gross profit margin. Desert’s Finest’s location, strategically close to the annual Coachella Music Festival, has also shown to be a boon to sales of a wide assortment of flower, vape and edibles products.

Nabis expects that its portfolio of investments at a proper pricing point supports revenue forecasts of C$14.8 million this year followed by a leap to C$167.9 million next year as the company’s assets begin reaping the benefits of cultivation and harvest work. Most of those are due to expectations for strategically located assets in Michigan, where the company is building a pipeline of one cultivation facility, one processing facility and seven dispensaries.

Nabis expects the sales to translate into EBITDA of C$4.1 million in 2019 and C$67.5 million in 2020 (http://nnw.fm/ZCq99) as it builds a vertically integrated portfolio across the United States and expands into international markets.

The company’s investments include a cannabis cultivation facility, a greenhouse and a dispensary in Arizona, as well as a growing processing facility operation in Washington. In Israel, Nabis recently announced its 49 percent interest in sublingual cannabis strip maker Cannova Medical Ltd., with an option to purchase the remaining 51 percent at the company’s discretion.

Nabis also is examining multiple “off market” opportunities in Massachusetts, Nevada, Ohio, Oklahoma, Oregon and the European Union.

For more information, visit the company’s website at www.NabisHoldings.com

NOTE TO INVESTORS: The latest news and updates relating to NABIF are available in the company’s newsroom at http://nnw.fm/NABIF

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Tuesday, July 30, 2019

FinovateFall 2019 to Focus on the Future of Fintech in World’s Financial Capital

What better place than New York City, the world’s financial capital, to foretell the future of fintech? It was in the Big Apple, after all, that securities trading got underway in earnest with the formation of the New York Stock & Exchange Board, the precursor to today’s New York Stock Exchange.

Come September, the Finovate conference series will continue to foster that spirit of innovation and enterprise as FinovateFall 2019 makes its way to NYC. The event will take place at the New York Marriott Marquis on Broadway. The main conference runs September 23-25, 2019, with an additional summit day on September 26. Join the hundreds expected to attend and make the most of the opportunity to meet more than 1,500 key influencers, watch over 75 live demos and learn from more than 120 expert speakers.

Keynote speakers will include Jeremy Balkin, head of innovation at HSBC; Vivek Bedi, head of consumer experience, digital products at Northwestern Mutual; and Greg Brown, managing director of Canadian digital sales & marketing in Bank of Montreal’s North American Digital Channels unit.

With tech that ranges from A to Z, FinovateFall 2019 may offer the best barometer of fintech’s future. This year’s demoing companies come from a wide variety of fields, including AI, business intelligence, chatbots, digital banking, employee benefits, financial planning, insurance, lending, payments, risk management, security, wealth management and more. That diversity extends to operating country, with companies hailing from 11 nations — Argentina, Canada, Costa Rica, India, Japan, Norway, Singapore, Switzerland, Ukraine, the United Kingdom and the United States — demonstrating their tech wares.

Participants will see plenty of new stuff, including demos that may even foretell the future of fintech. Fifty-five percent of demoing companies will be first-time Finovate demonstrators, while 80 percent will be demoing for the first time in New York City. On top of that, 50 percent of demoing companies will be seed or early-stage startups, and 60 percent will be either new companies or companies introducing new products.

For more information, visit the event’s website at https://bit.ly/2Weyalq

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FWD Pharma Presents Digital Communications 101 for Execs in Biotech, Health Care and Life Sciences

A paradox of the Information Age is that more information often results in less communication – one of the reasons that Lincoln Health Network is hosting FWD Pharma, August 6-8 in Philadelphia. The three-day conference will focus on helping executives at life science companies and health care providers incorporate digital information technologies into their business models.

The conference’s emphasis on communicating with constituents will be of interest to entities leading initiatives in brand and product management, customer-relationship management, digital and multichannel marketing, and social media marketing and management. For chief medical officers (CMOs), directors, heads of department and other executives, FWD Pharma will offer a unique crash course in digital communication strategies.

Taking place at the Wyndham Philadelphia Historic District, the conference is expected to feature case studies, keynote addresses, panel discussions and workshops, all designed to drive debate, spark new ideas and even promote the discovery of new paradigms. Naturally, networking opportunities will abound; attendees are invited to engage with the speakers and presenters representing a wide variety of communication and media companies.

Philadelphia is the ideal place for FWD Pharma to debut, as around 80 percent of U.S. pharma companies have a presence in or close to the metropolis, according to Select Greater Philadelphia Council (http://nnw.fm/pDXc4). Those marquee names include AstraZeneca, Bristol-Myers Squibb, GlaxoSmithKline, Johnson & Johnson and Merck.

Keynote speakers will be executives drawn from these well-known corporations. Lorenzo Lacey, digital engagement director of global commercial digital & innovation at AstraZeneca, will be on the podium. So, too, will Stacy Trent, director of worldwide multi-channel capabilities in the campaign management unit of Bristol-Myers Squibb, and Ashley Ryneska, associate director of Merck’s global communications.

FWD Pharma opens on Tuesday, August 6, with a number of preconference workshops. These three-hour study groups will range over a variety of disciplines, including ‘Improving Your Data Analytics Process — Discovering Insights to Help Inform Your Multi-Channel Digital Strategy’; ‘A Digital-First and Content-Forward Approach to Engaging with HCPs’; ‘Designing Your Best-in-Class Patient Journey Blueprint’; and ‘Developing a Customer Experience-Focused Product Launch Framework’.

For more information, visit the event’s website at www.FWDPharmaConference.com

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Pressure BioSciences Inc.’s (PBIO) Entry into CBD Market Aims Next-Gen Nanoemulsification Platform at Critical Water-Solubility Issues

PBIO’s proprietary Ultra Shear Technology (UST) platform achieves the long sought-after ability to create truly water-soluble CBD oil that can provide optimized bioavailability
CBD sales are projected to reach $89 billion by 2024 with a CAGR of 37 percent (2018-2024 forecast period)
Analysts predict that the biggest short-term challenge for CBD businesses will be oversaturation and stiff competition in the marketplace; companies producing the highest-quality, most bioavailable CBD products are expected to earn top customer loyalty

Finding success in the lucrative yet ultra-competitive CBD industry is a daunting challenge for businesses in the space, with oversaturation in the marketplace being a real concern. The cannabis market was valued at $14.5 billion in 2018 and is projected to reach $89.1 billion by 2024, with a compound annual growth rate of 37 percent during the forecast period, according to Mordor Intelligence (http://nnw.fm/fR3cA). CBD manufacturers may find tapping into this booming trend to be short-lived if their CBD offerings don’t stand up to consumers’ expectations that the products they purchase are as beneficial as advertised.

Pressure BioSciences Inc. (OTCQB: PBIO), a leader in the development and sale of high pressure-based instruments, consumables and related services for the global life sciences and other industries, has developed a novel, proprietary process that has wide potential in the cannabis sector by solving one of the most critical problems facing CBD manufacturers today: the extremely poor water solubility of CBD oil. The recent launch of PBIO’s BaroShear K45 system, based on the company’s proprietary Ultra Shear Technology (UST) platform, has been optimized for the unique purpose of creating high quality, water-soluble nanoemulsions of CBD oil in water, as a news release details (http://nnw.fm/Gr7D4).

CBD, a non-psychoactive compound believed to offer powerful health benefits, is extracted from the cannabis plant in an oil. After ingestion, because oils are not well absorbed, most of the CBD is flushed from the body, leaving little of the product to provide its beneficial properties. Because of these solubility issues, many CBD products on the market today contain an inefficient over-abundance of CBD and/or undesirable chemicals to try and improve solubility and bioavailability.

Dr. Nathan Lawrence, senior advisor to Pressure BioSciences, said that PBIO solves the water-solubility problem of CBD with its patented UST platform, which uses ultra-high pressure to create extreme shearing forces to make highly stable, homogenized nanoemulsions of materials that normally do not mix, such as CBD oil and water.

“The unique concept of the BaroShear K45 system is based on PBIO’s proprietary UST platform. It was designed for the efficient and affordable manufacture of limited quantity oil-based material into high quality, water-soluble nanoemulsions,” Dr. Lawrence stated in a news release. “The BaroShear K45 system uses a custom-designed, highly responsive ultra-high pressure generating subsystem, matched to our patented BaroIsolator device and NanoGap valve. This allows for the highest effectiveness possible at working pressures up to 45,000 psi. The BaroShear K45 system is ideally suited for processing small amounts (e.g., 50 mL – 2 L) of high value product, such as CBD oil, into water-soluble nanoemulsions with high yield.”

In a critical review report on cannabidiol (CBD), the World Health Organization’s Expert Committee on Drug Dependence noted that, while CBD is seen as a useful treatment for a number of medical conditions, there are efficacy issues because of its “poor aqueous solubility.”

“The absorption of CBD from the gastrointestinal tract is erratic, and the resulting pharmacokinetic profile is variable. Bioavailability from oral delivery was estimated to be 6 percent due to significant first-pass metabolism,” the report states (http://nnw.fm/m9l2B).

For most oil-based products, the ability to prepare them as nanoemulsions can improve the product’s absorption, medicinal benefits, visual appearance and sensory presentation. The biggest challenge in the short-term for CBD businesses will be oversaturation and stiff competition, a Forbes article notes (http://nnw.fm/bR94X). As consumers start to learn more about CBD and approach products with more discerning tastes, companies will need to start differentiating themselves from their competitors through smart branding and the delivery of excellent products.

Two short videos released by PBIO (http://nnw.fm/2qOQV and http://nnw.fm/opQ3D), showing how its patented UST platform was able to process CBD plant oil into a water-soluble nanoemulsion, give a quick lesson in PBIO’s proprietary technology. When the UST-processed CBD oil was added to different liquids – such as a soft drink, a sports drink and a beer – the nanoemulsified CBD oil completely dissolved in each liquid. For CBD companies seeking a way to stand out from the rising hordes of competition, PBIO’s BaroShear K45 system could be a true game changer.

“We are looking forward to working with the early adopters of this exciting technology platform,” Richard T. Schumacher, president and CEO of PBIO, said in a news release. “Early adopters will be the first to use the UST platform in the CBD field, thus giving them a significant head-start over companies who choose to wait or use other methods.”

For more information, visit the company’s website at www.PressureBioSciences.com

NOTE TO INVESTORS: The latest news and updates relating to PBIO are available in the company’s newsroom at http://nnw.fm/PBIO

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City View Green Holdings Inc. (CSE: CVGR) Strengthening Finance Strategy, Constructing Cannabis Production Facility Near Toronto

City View Green Holdings is completing the construction of a 40,000-square-foot cannabis cultivation facility in the Toronto-area following an all-clear notice from Health Canada under its new licensing regulations
City View began trading on the Canadian Stock Exchange in March and has recently cleared more than half a million dollars in debt as part of efforts to strengthen its financial profile
The company expects its 19.9 percent stake in Canadian retailer Budd Hutt to provide it with an avenue for gaining shelf space in Alberta and for other retail opportunities across the country
CVGR’s fledgling operation has the benefit of an experienced leadership team, including a CEO with decades of sales and leadership experience in the alcoholic beverage industry and a master grower who co-founded a TSX Venture Exchange-listed cannabis firm
The cannabis industry is expected to achieve $66.3 billion in sales by the end of 2025

Vertically integrated cannabis company City View Green Holdings Inc. (CSE: CVGR) is pressing forward with its efforts to establish strong operational and financial resources for its green seed-to-retail strategy, building on recent budget-strengthening developments as it completes a 40,000-square-foot cultivation facility near Toronto for a pharmaceutical-grade crop.

City View Green Holdings announced July 24 that it had negotiated the settlement of $580,019 in debt with arm’s length creditors in exchange for an established number of shares at differentiated values. It also detailed negotiated terms for a sale and leaseback transaction related to its Toronto-area property in Brantford, Ontario, and for consultancy services, in exchange for warrants to purchase additional shares and other stock options (http://nnw.fm/K7KNt).

CVGR expects to complete buildout at the Brantford facility during the coming months and to position itself for growing, extraction, production and retail services targeting the extract market and, once legalized, edibles, distillates and water-soluble products for the cannabis-infused beverage market. The company’s 19.9 percent stake in Canadian retail outlet Budd Hutt Inc. grants it a channel of opportunity for securing shelf space in Alberta and other retail opportunities across the country.

Budd Hutt has entered an agreement to acquire eight pre-license retail cannabis store locations in the Alberta market, all of which have the appropriate regulatory approvals in place except for pending approval from Alberta Gaming, Liquour and Cannabis (http://nnw.fm/MBd95).

Health Canada has granted City View Green the go-ahead to continue building up its operation under new Cannabis Act & Regulations licensing rules announced May 8 that require new license applicants to have a fully built site at the time of submitting applications (http://nnw.fm/7JjvX). CVGR received notice from Health Canada that there were no concerns under the proposed application following a high-level review, which paves the way for CVGR’s application to be fast-tracked once the Brantford site is finished (http://nnw.fm/1Qg4E).

Following receipt of Health Canada’s letter, City View reported that preparation of the facility’s exterior, security fencing and interior has been completed, and the company expects to finish building the initial cultivation and extraction rooms during the second and third quarters of the current calendar year.

“We are excited to maintain our priority in the licensing process with Health Canada,” CEO Ian MacDonald stated in the news release. “With the recent changes announced to the application process, we believe timelines for inspection and approvals will be greatly improved and the value of a license will increase significantly. The new rules give priority to applicants like CVGR with strong operational and financial resources. Our buildout at our Brantford facility will be completed in the coming months and we are confident our license will be granted shortly thereafter so we can begin operations and provide the finest flower and oils in the cannabis industry.”

MacDonald was named CEO in April, shortly after the company began trading on the Canadian Stock Exchange, bringing CVGR the benefit of his distinguished career in the international alcoholic beverage industry that includes a strong foundation in sales, marketing and executive management over 30 years. The company’s leadership team also includes a master grower who helped found successful cannabis firm WeedMD.

City View is anticipating the purchase of processing equipment, the roll out of a direct route to market QSR (Quick Service Restaurant) concept and the acquisition of other products as part of its strategy going forward into world markets where medicinal and adult recreational use cannabis have been granted legal acceptance.

The legalized cannabis industry has enjoyed explosive success amid changing cultural perspectives and governmental regulatory approaches across the globe. Analysts at market observer Grand View Research anticipate that the worldwide legal cannabis market will expand at a CAGR of 23.9 percent through the end of 2025 to achieve $66.3 billion in sales (http://nnw.fm/q0Bug).

For more information, visit the company’s website at www.CityViewGreen.ca

NOTE TO INVESTORS: The latest news and updates relating to CVGR are available in the company’s newsroom at http://nnw.fm/CVGR

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