“We’ve shortlisted our slate of potential CEOs and we’re looking at a well-known individual with strong experience in the alcohol and beverage industry,” says Fia.
CVG is also building relationships with other companies in the cannabis sector.
“We’re negotiating a letter of intent with an entity that has 37 retail cannabis licences in Alberta, and we’re looking at an exchange of shares with that distribution arm,” says Fia. “They would have access to our cannabis and we would have access to their retail space through the Alberta regulatory body, once our products are approved for sale. We’ve also been approached by a group of pharmacies in Germany to arrange an off-take agreement for CBD oils and extracts. To receive that kind of attention at this stage of the business is very encouraging.”
CVG is currently working with several cannabis consultants, also investors, who are shepherding the company’s ACMPR application through the licensing process. Of about 2,800 companies that recently applied for licences, CVG is one of 400 still under consideration.
The company plans to go public in November after unhalting the stock involved in the reverse merger.
“If you differentiate yourself in the market, you’ll attract the attention of investors,” says Fia. “I think we’re entering the market at just the right time. We’re getting in at the second inning of a long ballgame. There’s a lot of room to be a powerful entry into the space, and once the market sees what we’ve done here, it will be very exciting.”
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