July 26, 2022, Calgary, Alberta (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDD) (“Sugarbud” Or “Company”) announces that it has received the first purchase order from Alberta Gaming, Liquor, Cannabis (“AGLC”) in its first Dryshift Hash Infused 3×0.5g Multipack Preroll format. ..
Sugar Bad “Mix Green” 3×0.5g Injection Preroll Carefully curated and blended, Sugarbud’s Infused Pre-Roll is made using 100% Sugarbud-grown dried flowers and solvent-free extracted 75-149 micron dryshift hashes. “Blending techniques require the selection and combination of unique and different cultivars and dryshift hashes, with an emphasis on maintaining harmony and balance of naturally occurring terpenes, flavors, aromas and cannabinoids throughout the process. The result is a completely unique expression of the dried flower experience, another good example of Sugarbad’s “house style” that consumers expect from the Sugarbad Craft Cannabinoid Collection, “said John, President and CEO of Sugarbad.・ Kondroski commented.
“We continue to rapidly diversify and expand our product offerings within the Craft Cannabis Collection and are excited to offer this new handmade and convenient pre-roll format to Alberta consumers,” said Condro. Mr. Ski concludes.
The company will ship its first purchase order to AGLC in late July and will be able to purchase 3×0.5g of mixed green preroll from private cannabis retailers throughout Alberta in early August 2022.
AGLC is responsible for the wholesale sale of non-medical cannabis products to private retailers in the state.
The latest information on the company
Shares for service issuance | In addition to the June 29, 2022 news release, we are pleased to announce that we have received approval from the TSX Venture Exchange.TSXV”) Sugarbud’s common stock of 665,020 shares (“common stock”) will be issued to a service provider of a particular armor length at a deemed price of $ 0.35 per common stock, for a total debt settlement of $ 232,757. Common stock is issued in accordance with the stock terms of the service contracts concluded with each service provider. The issued common stock is subject to a four-month and one-day holding period.
Investment relationship | We also have Hybrid Financial Ltd. (“”hybrid”) To provide marketing services to us. Hybrid has been working to raise awareness of Sugarbud’s market and brand and expand the company’s reach within the investment community.
Hybrid has agreed to comply with all applicable securities laws and TSXV policies when servicing Sugarbud.
We have been in hybrids for the first 12 months (“initial semester“). Based on the terms and conditions, we can choose to automatically renew or terminate the contract for an additional 6 months according to the contract. The hybrid will be paid a monthly fee of $ 22,500 and applicable taxes during the initial period.
About Hybrid Financial Co., Ltd.
Hybrid is a sales and distribution company that actively connects issuers to the investment community throughout North America. The hybrid uses a data-driven approach to comprehensively cover both the US and Canadian markets. Hybrid Financial has offices in Toronto and Montreal.
About Sugar Bad
“Handmade cannabis for a new era”
Sugar Bad is a consumer-led craft cannabis company focused on growing and producing excellent select batch craft cannabis products. Our vision and mission is to delight the most discerning cannabis consumers, thereby providing outstanding quality crafted cannabis products to the statutory market, a trusted and respected consumer brand. Is to become.
The Sugar Bad Craft Cannabis Collection provides consumers with a “new era of handmade cannabis.” The company is proud of Alberta and is proud to share the long tradition of crafted cannabis in western Canada with the most discerning enthusiasts. Sugar Bad strives to define the intersection of product craftsmanship, quality and value for consumers in Canada’s craft cannabis space.
Sugar Bad Craft cannabis products are currently available to adult recreational consumers in Yukon Territory, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, and registered medical patients through MendoCannabis.ca nationwide. ..
We are proud.
We take time.
Experience the difference.
|John Condroski |
Chief executive officer
Sugar Bad Craft Growers Corporation
Phone: (604) 499-7847
Email: [email protected]
Future outlook and precautions
This news release contains forward-looking statements. More specifically, but not limited to these, this news release contains statements regarding: Product quality; development, manufacture, sale and distribution of Sugar Bad’s craft cannabis collection. This includes the new product line and its characteristics, characteristics and launch dates. Expected timing of retail potential for new products. Future growth; and customer satisfaction. When used in this document, “plan”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “plan”, “should” Expressions such as “are” should be one of the statements that specify the statement regarding the future outlook. Forward-looking statements are based on Sugarbud’s expectations and assumptions. Forward-looking statements are subject to a variety of risks and uncertainties. Sugarbud believes that the expectations expressed by such forward-looking statements are reasonable, but there is no guarantee that such expectations will be fulfilled. No matter how many important factors, the actual results may differ significantly from the results described in the future outlook. This includes, but is not limited to: Cannabis production may be lower than expected. The ability to ship cannabis products may be lower than expected. Demand for Sugar Bad products may be lower than expected. Results of production and sales activities. Results of scientific research; Changes in input prices and costs. Labor demand; Product demand; The other party does not fulfill its contractual obligations. Unable to maintain consumer brand awareness and customer loyalty. Relying on relationships with wholesalers and retailers for failure to distribute products and maintain strategic business relationships. Fierce competition, including those from illegal sources. Uncertainty and continuous evolution of the market. Product liability litigation; Reliance on information technology; Intellectual property infringement; Not benefiting from partnerships; Ultimate customer sensitivity to sales tax and rising economic conditions. Not compliant with certain regulations. Failure to attract and retain key manager turnover or talent. Federal and state government actions and initiatives, as well as government actions, initiatives and policy changes, and their implementation and impact. Ability to execute corporate strategy. Domestic capital market conditions; Ability to raise funds; General market changes; Industry conditions and events. The size of the medical marijuana market and the recreational marijuana market. Government regulations, including future legislative and regulatory developments, including medical and recreational marijuana. Construction delays; the impact of inflation on costs. Risks inherent in the agricultural business, such as insects, plant diseases, and similar agricultural risks that can have a significant impact on the size and quality of cannabis crop harvests. Competition with other industry participants. And other factors are more fully explained from time to time in reports and filings submitted by Sugarbud to securities regulators. In addition, we acknowledge that the current global uncertainties regarding the COVID-19 virus and its variants, and its impact on the broader global economy, may continue to have a significant negative impact on us. I warn you. The exact impact of the COVID-19 virus on us is unknown, but the rapid spread of the COVID-19 virus will continue to have a significant negative impact on global economic activity, disrupting and disrupting global supply chains and businesses. There is a possibility. Liquidity of people and financial markets that may affect interest rates, credit ratings, credit risk, inflation, business, financial position, operating results and other factors related to the Company. For additional Sugarbud-related risk factors, accessible from Sugarbud’s profile at www.sedar.com, see Sugarbud’s latest annual information form and management discussions and analysis. Unless required by applicable law, Sugarbud undertakes no obligation to publicly update or revise any forward-looking statement.
Neither TSXV nor its regulatory service provider (the term is defined in TSXV’s policy) is responsible for the validity or accuracy of this release.
CBJ News Maker
Sugarbud receives the first infused pre-roll purchase order from AGLC and provides up-to-date information about the company, Canadian Business Journal.
Source link Sugarbud receives the first infused pre-roll purchase order from AGLC and provides up-to-date information about the company, Canadian Business Journal.