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CALGARY, Alberta, Might 31, 2021 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT,) (OTCQB: SBUDF) (“Sugarbud” or the “Firm”) is happy to announce that Mr. John Kondrosky, the Firm’s President and CEO, shall be presenting on the Benzinga Digital Hashish Capital Convention (the “Convention”) going down on June 3-4, 2021.
Sugarbud invitations shareholders, traders, advisors, and analysts to attend the real-time, interactive investor presentation. This shall be a reside, on-line occasion the place traders are invited to study extra about Sugarbud and ask the Firm questions inside the allowed time. Signal as much as get a free spectator move for the occasion: https://events.benzinga.com/ccc-free-registration.
PRESENTATION INFORMATION
DATE: Friday, June 4th
TIME: 11:55 AM – 12:20 PM EST /9:55 AM – 10:20 AM MST
New Product Launch
As a part of the continued growth of the Sugarbud Craft Hashish Assortment, the Firm can be happy to announce the launch of two new and really distinctive strains to the Canadian market – Mule Gasoline and Krypto Power #2. Each strains are distinct high-potency, high-terpene phenotypes with a complete THC vary between 20-25% and terpene profles between 2-5%.
Sugarbud Mule Gasoline has a pressure lineage of GMO x Lurch presenting an distinctive Myrcene-dominant terpene profile together with Limonene, Pinene and Caryophyllene. Shoppers can count on to see massive, dense buds with sticky sugary inexperienced and orange hues. Earthy spice and pronounced gasoline aromas along with notes of meadow flowers, grass and citrus. All are hallmarks of this very distinctive pressure.
Like Mule Gasoline, Sugarbud Krypto Power #2 was phenotyped from the Firm’s in depth genetic library and is unique to Sugarbud. With a pressure lineage of Alien Cookies x Fruity Pebbles OG x Jet Gasoline Gelato, Krypto Power #2 presents a Terpinolene ahead terpene profile with aromas of candy citrus and ice cream cake, wild musk and candy diesel gasoline. Shoppers can count on medium flower measurement, dense sugary buds with darkish hues of purple, inexperienced and orange, coated in greasy, excessive density trichomes.
“We’re thrilled to be launching these very thrilling new strains to the Canadian market,” said Sugarbud President and CEO, John Kondrosky.
“Along with offering shoppers with the efficiency profiles they need, our Home-Type and strategy to premium craft hashish emphasizes dense sugary buds, distinctive terpene ahead aromas and clean flavors. It’s this dedication to complete product excellence that units us other than lots of our rivals. We pay shut consideration to the small print and we pleasure ourselves on delivering an distinctive first impression and a top-quality product expertise to our shoppers every time. Hand-harvested, hang-dried, and cold-barrel-cured for as much as 28 days – our signature drying and curing course of permits our flower to achieve its full potential – preserving and enhancing the flavor-rich terpenes and efficiency in each bud. Meticulously hand-finished and hand-packed in Sugarbud’s signature black glass container – we take our time and we take pleasure with each gram. Mule Gasoline and Krypto Power #2 with out query embody this philosophy and our dedication to shopper satisfaction,” added Mr. Kondrosky.
Mule Gasoline and Krypto Power #2 can be found now nationwide to registered medical sufferers by means of Cannmart.com in a 3.5g format and the Firm additionally expects these two new strains to be out there on-line and at choose licensed retailers in early Q3.
Company Replace
The Firm additionally publicizes the completion in the present day of its beforehand introduced shares for providers agreements with sure administrators and an advisor of the Firm, pursuant to which, Sugarbud issued a complete of two,650,000 widespread shares (the “Shares) at a deemed value of $0.05 per Share in satisfaction of accrued parts of the money retainers owing to such individuals within the combination quantity of $132,500 (the “Transaction”). The Transaction is taken into account a “associated get together transaction” pursuant to Multilateral Instrument 61-101 – Safety of Minority Safety Holders in Particular Transactions (“MI 61-101”). The Firm is counting on an exemption from the formal valuation and minority shareholder approval necessities of MI 61-101 on the premise that the honest market worth of the Shares issued below the Transaction doesn’t exceed 25% of the market capitalization of the Firm.
About Sugarbud
“Hand-Crafted Hashish for a New Period”
Sugarbud is an Alberta-based, consumer-driven boutique craft hashish firm – targeted on the cultivation and manufacturing of exceptionally high-quality merchandise for probably the most discerning of hashish shoppers.
Sugarbud’s Craft Hashish Assortment strives to outline the intersection of product craftsmanship, high quality and worth for shoppers within the Canadian leisure hashish area.
We Take Pleasure, We Take Our Time…………. Expertise the Distinction.
About Benzinga Hashish Capital Convention
Benzinga’s digital Hashish Capital Convention is assured to supply individuals all the advantages of an immersive and sturdy in-person convention from any distant location. The Convention will characteristic an interactive discussion board of reside displays from prime CEOs, traders, and leaders within the hashish area. Don’t miss this chance to attach with THE hashish movers and shakers from throughout the globe.
For extra info and/or to register for the convention please go to: https://events.benzinga.com/ccc-free-registration
Ahead Trying and Cautionary Statements
This information launch incorporates forward-looking statements. Extra notably, and with out limitation, this information launch incorporates statements regarding: Sugarbud’s evaluation of future plans, operations and hashish cultivation and processing, together with gross sales, advertising and marketing and distribution alternatives; product high quality; the event, manufacturing, sale and distribution of Sugarbud’s Craft Hashish Assortment, together with new product traces and the traits thereof; future development; and buyer satisfaction. When used on this doc, the phrases “will,” “anticipate,” “imagine,” “estimate,” “count on,” “intent,” “might,” “challenge,” “ought to,” and comparable expressions are meant to be among the many statements that establish forward-looking statements. The forward-looking statements are based on the premise of expectations and assumptions made by Sugarbud. Ahead-looking statements are topic to a variety of dangers and uncertainties, and though Sugarbud believes that the expectations represented by such forward-looking statements are cheap, there will be no assurance that such expectations shall be realized. Any variety of essential elements may trigger precise outcomes to vary materially from these within the forward-looking statements together with, however not restricted to: at present contemplated growth and improvement plans might stop or in any other case change; manufacturing of hashish could also be decrease than anticipated; potential to ship hashish merchandise could also be decrease than anticipated; demand for Sugarbud’s merchandise could also be decrease than anticipated; outcomes of manufacturing and sale actions; outcomes of scientific analysis; modifications in costs and prices of inputs; demand for labour; demand for merchandise; failure of counter-parties to carry out contractual obligations; failure to take care of shopper model recognition and loyalty of consumers; reliance on relationships with wholesalers and retailers for distribution of merchandise and failure to take care of strategic enterprise relationships; intense competitors, together with from illicit sources; uncertainty and continued evolution of markets; product legal responsibility litigation; reliance on info know-how; infringement on mental property; failure to learn from partnerships; sensitivity of end-customers to elevated gross sales taxes and financial situations; failure to adjust to sure rules; departure of key administration personnel or lack of ability to draw and retain expertise; actions and initiatives of federal and provincial governments and modifications to authorities actions, initiatives and insurance policies and the execution and affect thereof; the power to implement company methods; the state of home capital markets; the power to acquire financing; modifications basically market situations; trade situations and occasions; the dimensions of the medical marijuana market and the leisure marijuana market; authorities rules, together with future legislative and regulatory developments involving medical and leisure marijuana; development delays; dangers inherent within the agricultural enterprise, reminiscent of bugs, plant ailments and comparable agricultural dangers which might have a major affect on the dimensions and high quality of the harvest of hashish crops; competitors from different trade individuals; and different elements extra absolutely described every now and then within the stories and filings made by Sugarbud with securities regulatory authorities. As well as, the Firm cautions that present world uncertainty with respect to the unfold of the COVID-19 virus and its impact on the broader world economic system might proceed to have a major unfavourable impact on the Firm. Whereas the exact affect of the COVID-19 virus on the Firm stay unknown, fast unfold of the COVID-19 virus might proceed to have a fabric hostile impact on world financial exercise, and can lead to volatility and disruption to world provide chains, operations, mobility of individuals and the monetary markets, which may have an effect on rates of interest, credit score scores, credit score danger, inflation, enterprise, monetary situations, outcomes of operations and different elements related to the Firm. Please discuss with Sugarbud’s most up-to-date annual info type and administration’s dialogue and evaluation for added danger elements referring to Sugarbud, which will be accessed below Sugarbud’s profile on www.sedar.com. Besides as required by relevant legal guidelines, Sugarbud doesn’t undertake any obligation to publicly replace or revise any forward-looking statements.
Neither the TSXV nor its regulation providers supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.
