Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR,
SUGR.WS, SUGR.WT) (OTCQB: SBUDF) ("
Sugarbud" or
the "
Company") is pleased to announce that it has
entered into a Sales, Marketing, Supply and Distribution agreement
(the "
Agreement") with ROSE LifeScience Inc.
("
ROSE") for the Province of Québec.
Supply Agreement
Under the terms of the Agreement, Sugarbud will
be partnering with ROSE to bring Sugarbud grown premium craft
cannabis to the province of Québec under the ROSE brand ELEKT
Cannabis. The Agreement with ROSE is subject to customary
regulatory and new product notification requirements.
"We are thrilled to be partnering with ROSE to
bring select Sugarbud grown premium craft cannabis strains to the
province of Québec under the ELEKT Cannabis brand. The entire
ROSE team is committed to delivering exceptional cannabis products
and services to Québecers and we are very proud to be collaborating
with ROSE directly to do so," – stated Sugarbud President and CEO,
John Kondrosky.
"We are excited with the opportunity to
introduce unique genetics to the Québec market and to partner with
Sugarbud, a cannabis company that brings Western Canada's long
tradition of exceptional select craft cannabis. What’s even more
exciting for us is the ability to involve the consumers in this,
thanks to this partnership we were able to give Québecers the
opportunity to vote on the strain, we truly involved consumers in
the product selection process to ensure we meet their needs,” said
Davide Zaffino, President and Chief Executive Officer at ROSE
LifeScience Inc.
The first Sugarbud grown strain to launch under
the ELEKT Cannabis brand – Krypto Chronic #2 – is already available
for recreational purchase throughout Québec.
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.
Sugarbud Craft Cannabis products are currently
available to adult recreational consumers in British Columbia,
Alberta, Saskatchewan, Manitoba, Ontario, Québec, Yukon Territory
and nationally to registered medical patients through
CannMart.com.
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://www.craftcannabiscollection.ca
Address: Suite 620, 634 - 6th Avenue S.W.,
Calgary, Alberta T2P 0S4
About ROSE LifeScience Inc.
www.roselifescience.ca
As a private Québec company founded by a group
of seasoned executives with extensive experience in highly
regulated industries, ROSE LifeScience is committed to ensuring
that Québec benefits from the responsible production, sale and
consumption of cannabis. From cannabis cultivation to marketing and
logistics, ROSE plays a key role in the Québec market. ROSE not
only produces remarkable cannabis, but also offers complete
marketing service to selected producers to encourage a diversified
offer on the Québec market. ROSE is also the company behind the
micro-producer collective DLYS.
For ROSE media inquiries, please contact:
Valentine VaillantVP, Marketing and
Salesvalentine.vaillant@roselifescience.ca438 989-6654
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; the Company's ability to
remain operating in accordance with developing public health
efforts to contain COVID-19; product quality; partnerships,
including with ROSE and CannMart; the development, production and
sale of cannabis derivative products, including vape cartridges;
applying for an amendment to its sales license to permit direct
sale of cannabis extracts; future growth; and the ability to build
shareholder value. 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, Sugarbud may not obtain the required approvals from
Health Canada, including with respect to an amended sales license;
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 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 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.
SugarBud Craft Growers (TSXV:SUGR.WR)
Historical Stock Chart
From Jun 2024 to Jul 2024
SugarBud Craft Growers (TSXV:SUGR.WR)
Historical Stock Chart
From Jul 2023 to Jul 2024