Sugarbud Further Expands Product Portfolio In Ontario
August 16 2021 - 6:00AM
Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR,
SUGR.WS, SUGR.WT) (OTCQB: SBUDF) ("Sugarbud" or the "Company") is
pleased to announce the further expansion of the Company’s Craft
Cannabis Collection in Ontario with the launch of
Krypto
Chronic #2.
Krypto Chronic #2 is a unique indica dominant
cultivar with a lineage of Alien Cookies, Fruity Pebbles OG and Jet
Fuel Gelato. Consumers can expect dense sugary buds with dark hues
of purple, green and orange, coated in greasy, high-density
trichomes. This high-potency, high-terpene phenotype delivers a
total THC range of between 20-26% and terpene profiles of between
2-4%.
"We are very pleased with the continued
expansion of our Craft Cannabis Collection in the Province of
Ontario," stated Sugarbud's CEO, John Kondrosky. "Our products and
more specifically our commitment to quality and total value
continues to resonate with consumers. Together with our most recent
launch of Mule Fuel, Krypto Chronic #2 is yet another fine example
of the house style and craftsmanship that has come to define
Sugarbud Craft Cannabis," concluded Mr. Kondrosky.
Learn More About The Sugarbud Craft Cannabis
Collection Here
The Company has received initial purchase orders
from the Ontario Cannabis Store ("OCS") and expects Krypto Chronic
#2 3.5g Dried Flower to be available for purchase from private
cannabis retailers throughout Ontario and online at OCS.ca in
September, 2021.
The OCS is Ontario’s only legal online retailer
and is responsible for the wholesale distribution of recreational
cannabis products to private retailers in the Province.
About Sugarbud
"Hand-Crafted Cannabis for a New Era"
Sugarbud is a leading 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.
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
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; the ability to
fulfill purchase orders; and the timing of the availability of
Krypto Chronic #2 in Ontario; 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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