Sugarbud Announces the Launch of its First Cannabis 2.0 Products
June 28 2021 - 6:00AM
Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR,
SUGR.WS, SUGR.WT,) (OTCQB: SBUDF) ("
Sugarbud" or
the "
Company") in collaboration with their
distribution and supply partner CannMart Inc.
("
CannMart") are pleased to announce the further
expansion of the Sugarbud Craft Cannabis Collection with the launch
of the Company’s first Cannabis 2.0 product offering.
"We are very pleased to now include Cannabis 2.0
products in our Craft Cannabis Collection," stated Sugarbud's
President and CEO, John Kondrosky. "Our 100% cannabis, additive
free vape products leverage and embody the exceptional flavour
profiles and aromas that consumers have come to expect from our
craft cannabis flower and are a natural and logical extension of
our overall inhaled products strategy."
Formulated from the Company’s exclusive Wedding
Cake #11 strain, Sugarbud’s WC#11 Full Spectrum Oil (FSO) 0.5g vape
cartridges are now available nationwide to registered medical
patients on CannMart.com and in select private retail stores in
Manitoba.
About Sugarbud
"Hand-Crafted Cannabis for a New Era"
Sugarbud is an Alberta-based, consumer-driven
boutique craft cannabis company - focused on the cultivation and
production of exceptionally high-quality products for the most
discerning of cannabis consumers.
Sugarbud’s Craft Cannabis Collection strives to
define the intersection of product craftsmanship, quality and value
for consumers in the Canadian recreational cannabis space.
We Take Pride. We Take Our Time…………. Experience
the Difference.
About CannMart
CannMart Inc. is a wholly owned subsidiary of
Namaste Technologies Inc. (TSXV: N) (OTCMKTS: NXTTF) a marketplace
platform for cannabis and wellness products. At CannMart.com, the
Company provides Canadian medical customers with a diverse
selection of hand-picked products from a multitude of federally
licensed cultivators and US customers with access to hemp-derived
CBD and smoking accessories. CannMart also distributes licensed and
in-house branded cannabis and cannabis derived products in Canada
through a number of provincial government control boards and
retailing bodies and facilitates licensed cannabis retailer sales
online in Saskatchewan. Namaste’s global technology and continuous
innovation address local needs in a burgeoning cannabis industry
requiring smart solutions.
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.caWebsites:http://www.sugarbud.ca/http://craftcannabiscollection.ca |
|
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 and processing,
including sales, marketing and distribution opportunities; product
quality; the development, production, sale and distribution of
Sugarbud's Craft Cannabis Collection, including new product lines
and the characteristics thereof; future growth; and customer
satisfaction. 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 most recent
annual information form and management's discussion and analysis
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.
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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