CALGARY, Alberta, 27 août 2021 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV : SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB : SBUDF) (« Sugarbud ” Where ” the society “) Is proud to announce that it has entered into a sales, marketing, supply and distribution agreement (” Agreement “) With ROSE LifeScience (” ROSE ”) For the province of Quebec.
Under the terms of this agreement, Sugarbud is partnering with ROSE to offer Quebec high quality artisanal cannabis cultivated by Sugarbud, under the ROSE brand ELEKT Cannabis. The Agreement with ROSE is subject to customary regulatory and new product notification requirements.
« We are delighted to partner with ROSE to bring premium quality artisanal cannabis strains grown by Sugarbud to Quebec under the ELEKT Cannabis brand. The entire ROSE team is committed to providing exceptional cannabis products and services to Quebecers and we are very proud to work directly with ROSE to achieve this. Said John Kondrosky, President and CEO of Sugarbud.
« We are very happy to have the opportunity to commercialize a unique genetic line on the Quebec market and to partner with Sugarbud, a cannabis company that passes on a long tradition from Western Canada, providing a selection of artisanal cannabis. exceptional. What is even more exciting for us is the possibility of involving consumers in this adventure. Thanks to this partnership, we were able to give Quebecers the opportunity to vote on the strain; we have truly involved consumers in the product selection process to ensure we are meeting their needs », Declared Davide Zaffino, President and CEO of ROSE ScienceVie inc.
The first strain cultivated by Sugarbud and to be launched under the ELEKT brand – Krypto Chronic # 2 – is already available for sale for recreational use across Quebec.
“Artisanal cannabis for a new era”
Based in Alberta, Sugarbud is a consumer experience-driven, artisanal cannabis boutique business. She is dedicated to the cultivation and production of exceptional quality products for the most demanding cannabis users.
Sugarbud’s Craft Cannabis Collection strives to define the crossroads between craftsmanship, quality and product value to consumers in the Canadian recreational cannabis market.
We are proud, we take our time …………. Experience the difference.
President and CEO
Sugarbud Craft Growers Corp.
Telephone: 604 499-7847
E-mail : email@example.com
Head of Investor Relations
Chief Financial Officer
Sugarbud Craft Growers Corp.
Telephone: 778 388-8700
E-mail : firstname.lastname@example.org
Adresse : Suite 620, 634 – 6th Avenue S.W., Calgary (Alberta) T2P 0S4
About ROSE ScienceVie Inc.
As a private Quebec company founded by a group of seasoned executives with extensive experience in highly regulated industries, ROSE ScienceVie is committed to ensuring that the responsible sale and consumption of cannabis benefits Quebec. From growing cannabis to marketing, including logistics, ROSE plays a key role in the Quebec market. ROSE not only produces remarkable cannabis, but also offers a complete marketing service to selected producers in order to promote a diversified offer on the Quebec market. ROSE is also the company behind the collective of microproducers DLYS.
For media inquiries to ROSE, please contact:
Vice President of Marketing and Sales
Forward-looking statements and caveats
This press release may contain forward-looking statements. Specifically, and without limitation, this press release contains statements regarding: Sugarbud’s assessment of planned cannabis plans, operations and cultivation in the future, including sales, marketing and distribution opportunities ; the Company’s ability to continue operating in line with ongoing public health efforts to contain COVID-19; the quality of the products; partnerships, including with ROSE and CannMart; the development, production and sale of products derived from cannabis, including electronic cigarette cartridges; the request to modify its sales license to allow the direct sale of cannabis extracts; future growth; and the ability to create shareholder value. When used in this document, the terms “will / will”, “anticipate”, “believe”, “estimate”, “expect”, “intention”, “may / could”, “project / projected” ”,“ Shall / should ”and other similar expressions form part of the statements that identify forward-looking statements. Forward-looking statements are based on expectations and assumptions made by Sugarbud. Forward-looking statements are subject to a wide range of risks and uncertainties, and while Sugarbud believes the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Several factors could cause results to differ materially from those expressed or implied in the forward-looking statements, including, but not limited to: currently contemplated expansion and development plans may be discontinued or modified. ; cannabis production 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 products may be lower than expected; returns from production and sales activities; the results of scientific research; changes in prices and costs of inputs; demand for labor; demand for products; the inability of counterparties to fulfill their contractual obligations; failure to maintain consumer brand recognition and customer loyalty; dependence on relationships with wholesalers and retailers for product distribution and inability to maintain strategic business relationships; sustained competition, including from illicit sources; the uncertainty and continuous evolution of the markets; product liability disputes; dependence on information technology; intellectual property infringements; inability to leverage partnerships; the sensitivity of end customers to increased sales taxes and economic conditions; failure to comply with certain regulations; the departure of key management personnel or the inability to attract and retain talent; federal and provincial government actions and initiatives and changes in government actions, government initiatives and policies, as well as their execution and impact; the ability to implement business strategies; the state of national financial markets; the ability to obtain financing; changes in general market conditions; conditions and events within the industry; the size of the medical marijuana market and the recreational marijuana market; government regulations, including future legislative and regulatory developments regarding medical and recreational marijuana; construction delays; risks inherent in agricultural activity, 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 players; and other factors more fully described from time to time in reports and representations made by Sugarbud to securities regulatory authorities. In addition, the Company cautions that the current global uncertainty regarding the spread of the virus that causes COVID-19, and its impact on the global economy in general, may have a material adverse effect on the Company. While the precise impact of the virus that causes COVID-19 on Society remains unknown, the rapid spread of the virus that causes COVID-19 can have a significant negative effect on global economic activity and can lead to volatility and disruption. global supply chains, operations, people mobility and 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. The reader should refer to Sugarbud’s latest Annual Information Form and MD&A for additional risk factors related to Sugarbud, which can be viewed under Sugarbud’s profile at www.sedar.com. Except as required by applicable law, Sugarbud does not undertake to publicly update or revise any forward-looking statements.
The TSX Venture Exchange and its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) assumes no responsibility for the adequacy or accuracy of this release.