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An announcement from City View Green Holdings ( (TSE:CVGR) ) is now available.
City View Green Holdings Inc. has announced a strategic spin-out of its cannabis assets into a new entity, 259 OnCo, through a share capital reorganization. This move aims to allow both the core business and the cannabis operations to pursue focused growth strategies, potentially unlocking greater shareholder value and attracting diverse investor bases. The spin-out is expected to enhance market valuation clarity and provide financial advantages through significant non-capital tax losses. The completion of this arrangement is contingent upon shareholder and court approvals, with the transaction anticipated to close in 2025.
Spark’s Take on TSE:CVGR Stock
According to Spark, TipRanks’ AI Analyst, TSE:CVGR is a Underperform.
City View Green Holdings faces significant financial struggles with consistent losses, high leverage, and negative cash flows. Weak technical indicators and poor valuation metrics further reflect financial challenges, leading to a low overall stock score.
To see Spark’s full report on TSE:CVGR stock, click here.
More about City View Green Holdings
City View Green Holdings Inc. operates in the cannabis industry, focusing on cannabis assets and related operations. The company is transitioning from a cannabis issuer to an investment issuer, reflecting a strategic shift in market focus.
Average Trading Volume: 806,027
Technical Sentiment Signal: Sell
Current Market Cap: C$1.39M
Learn more about CVGR stock on TipRanks’ Stock Analysis page.