Sugarbud Launches New Website Feature – "Know Your Sugarbud" – Expands Consumer Access to Product Information
May 17 2021 - 6:00AM
Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR,
SUGR.WS, SUGR.WT) (OTCQB: SBUDF) (
"Sugarbud") is
pleased to announce that as part of its fundamental commitment to
quality and in collaboration with Cannametrics
(
"Cannametrics"), the Company has expanded
consumer access to LOT/Batch Level quality information of their
products with the launch of
"Know Your Sugarbud".
To learn more about the cannabinoid and terpene
profile makeup of a Sugarbud product, consumers can now simply
enter the unique LOT/Batch code found on every package via the
"Know Your Sugarbud" feature on the Company’s
product page.
Customers Can Now Access "Know Your
Sugarbud" at www.sugarbud.ca or
www.craftcannabiscollection.ca
"Sugarbud is very proud of the quality of our
products and in turn our commitment to consumer transparency and
satisfaction. As an early partner and adopter of the Cannametrics
Producer Connect™ platform, we are very pleased to be
expanding our scope and reach to consumers by providing detailed
Certificate of Analysis information on our released LOTs/Batches to
all Sugarbud customers," stated Sugarbud President and CEO, John
Kondrosky.
"The Cannametrics Producer Connect platform
exists to empower producers to be transparent and earn the trust
and loyalty of retailers and consumers. As a producer of excellent
products, Sugarbud wanted to directly demonstrate quality in a way
that everyone can trust, and we were happy to build them a
solution. We are excited to help leaders like Sugarbud take trust
and transparency to the next level and are confident that consumers
and retailers alike will reward them for it," said Cannametrics
Co-Founder and CEO, Eric Jacobsen.
About Sugarbud
www.sugarbud.ca
Sugarbud is an Alberta-based, consumer-driven
boutique craft cannabis company focused on the cultivation and
production of superior, select-batch, craft cannabis products. Our
vision and mission are to become a trusted and well-respected
consumer brand renowned for providing exceptional high-quality
craft cannabis products to legal markets by delighting the
most discerning of cannabis consumers.
The Sugarbud Craft Cannabis Collection offers
consumers "Hand-Crafted Cannabis for a New Era". The Company is
proudly Albertan and is proud to share Western Canada's long
tradition of exceptional craft cannabis with the most discerning of
enthusiasts. Sugarbud strives to define the intersection of product
craftsmanship, quality, and value for consumers in the Canadian
craft cannabis space.
We Take Pride, We Take Our Time…………. Experience
the Difference
About Cannametrics
www.cannametrics.io
Our vision is to help people have the best possible cannabis
experiences by providing the information and science they need to
make informed decisions. Cannametrics’ flag-ship product is
Producer Connect, a business intelligence and marketing platform
that connects producers directly with the retail buying managers.
Producers on the platform demonstrate product quality with
batch-level data and support retailers, at scale. Over 500 Canadian
retailers use Producer Connect to discover and support products
their customers love with the industry’s only batch-level
comprehensive cannabinoid and terpene profiles, digital assets and
science-based bud tender education.
CONTACTS:
John Kondrosky Chief Executive
Officer Sugarbud Craft Growers Corp. Phone: (604) 499-7847
E-mail: johnk@sugarbud.caInvestor
Relations ContactChris
MoulsonChief Financial OfficerSugarbud
Craft Growers Corp.Tel: (778) 388-8700E-mail:
chrism@sugarbud.ca |
Websites:
http://www.sugarbud.ca/http://craftcannabiscollection.ca
Address: Suite 620, 634 - 6th Avenue S.W.,
Calgary, Alberta T2P 0S4
Forward Looking and Cautionary Statements
This news release contains forward-looking
statements. More particularly, and without limitation, this news
release contains statements concerning: Sugarbud's assessment of
future plans, operations and cannabis cultivation, including sales,
marketing and distribution opportunities; and the Company's ability
to remain operating in accordance with developing public health
efforts to contain COVID-19. When used in this document, the words
"will," "anticipate," "believe," "estimate," "expect," "intent,"
"may," "project," "should," and similar expressions are intended to
be among the statements that identify forward-looking statements.
The forward-looking statements are founded on the basis of
expectations and assumptions made by Sugarbud. Forward-looking
statements are subject to a wide range of risks and uncertainties,
and although Sugarbud believes that the expectations represented by
such forward-looking statements are reasonable, there can be no
assurance that such expectations will be realized. Any number of
important factors could cause actual results to differ materially
from those in the forward-looking statements including, but not
limited to: currently contemplated expansion and development plans
may cease or otherwise change; production of cannabis may be lower
than expected; ability to ship cannabis products may be lower than
expected; demand for Sugarbud's products may be lower than
anticipated; results of production and sale activities; results of
scientific research; changes in prices and costs of inputs; demand
for labour; demand for products; failure of counter-parties to
perform contractual obligations; failure to maintain consumer brand
recognition and loyalty of customers; reliance on relationships
with wholesalers and retailers for distribution of products and
failure to maintain strategic business relationships; intense
competition, including from illicit sources; uncertainty and
continued evolution of markets; product liability litigation;
reliance on information technology; infringement on intellectual
property; failure to benefit from partnerships; sensitivity of
end-customers to increased sales taxes and economic conditions;
failure to comply with certain regulations; departure of key
management personnel or inability to attract and retain talent;
actions and initiatives of federal and provincial governments and
changes to government actions, initiatives and policies and the
execution and impact thereof; the ability to implement corporate
strategies; the state of domestic capital markets; the ability to
obtain financing; changes in general market conditions; industry
conditions and events; the size of the medical marijuana market and
the recreational marijuana market; government regulations,
including future legislative and regulatory developments involving
medical and recreational marijuana; construction delays; risks
inherent in the agricultural business, such as insects, plant
diseases and similar agricultural risks which can have a
significant impact on the size and quality of the harvest of
cannabis crops; competition from other industry participants; and
other factors more fully described from time to time in the reports
and filings made by Sugarbud with securities regulatory
authorities. In addition, the Company cautions that current global
uncertainty with respect to the spread of the COVID-19 virus and
its effect on the broader global economy may continue to have a
significant negative effect on the Company. While the precise
impact of the COVID-19 virus on the Company remain unknown, rapid
spread of the COVID-19 virus may continue to have a material
adverse effect on global economic activity, and can result in
volatility and disruption to global supply chains, operations,
mobility of people and the financial markets, which could affect
interest rates, credit ratings, credit risk, inflation, business,
financial conditions, results of operations and other factors
relevant to the Company. Please refer to Sugarbud's AIF and
MD&A for additional risk factors relating to Sugarbud, which
can be accessed under Sugarbud's profile on www.sedar.com. Except
as required by applicable laws, Sugarbud does not undertake any
obligation to publicly update or revise any forward-looking
statements. This news release provides certain financial measures
that do not have a standardized meaning prescribed by International
Financial Reporting Standards ("IFRS"). These non-IFRS financial
measures may not be comparable to similar measures presented by
other issuers. EBITDA (meaning earnings before interest, taxes,
depreciation and amortization) is not a recognized measure under
IFRS. Management uses certain industry benchmarks, such as EBITDA
to analyze financial and operating performance. These metrics are
useful to investors and research securities analysts in evaluating
operating performance. These benchmarks do not have any
standardized meaning prescribed by IFRS and therefore may not be
comparable with the calculation of similar measures for other
entities. Please refer to the MD&A for additional information
relating to non-IFRS measures, including the Company’s calculation
of EBITDA.
Neither the TSXV nor its regulation
services provider (as that term is defined in the policies of the
TSXV) accepts responsibility for the adequacy or accuracy of this
release.
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