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 with the launch of the Company’s first Cannabis
2.0 products under its own sales license along with the launch of
its first 30%+ THC dried flower product – GMO Cookies.
Product Portfolio Expansion
Sugarbud GMO Cookies 3.5g Dried
Flower | Sugarbud GMO Cookies is an indica-dominant hybrid
strain created by crossing the popular GSC and classic Chemdawg.
The buds are thin, long, open-structured and delicate, with a mix
of olive green and purple, accentuated by orange hairs and a sugary
coat of shimmering trichomes. Sugarbud’s GMO Cookies shows all the
classic aromas of musty cellars, savory garlic, sweet spice, and
earthy coffee. Total THC will range between 26-32% with a terpene
profile of between 2-4%. "GMO Cookies is yet another fine example
of our commitment to consumer satisfaction and the house-style and
craftsmanship that has come to define Sugarbud Craft Cannabis –
dense, sugary buds, exceptional terpene forward aromas and smooth
flavors," stated Sugarbud President and CEO, John Kondrosky.
Sugarbud Krypto Chronic #2 Flower
Rosin | Sugarbud’s first flower rosin is an exceptional
concentrate made through the solventless extraction of Sugarbud's
exclusive indica dominant hybrid genetic – Krypto Chronic #2.
Solventless extraction methods place a premium
on maintaining the naturally occurring terpenes, flavors, aromas
and cannabinoids throughout the entire process, ensuring that the
full essence of the original dried flower is maintained. Sugarbud’s
Krypto Chronic #2 flower rosin is another exceptional example of
Sugarbud's "House Style", and embodies the same quality,
consistency, flavor profiles and aromas consumers have come to
expect from the Sugarbud Craft Cannabis Collection. Total THC will
range between 60-70% with a total terpene profile of between
5-8%.
Sugarbud WC #11 | Made using
CO2 extraction of Sugarbud's exclusive indica dominant hybrid
cultivar - Wedding Cake #11 - each 0.5g WC #11 vape cartridge is
additive free and contains only 100% cannabis extract. The high
terpene content comes from the careful subcritical CO2 extraction
of its dried craft cannabis and the cannabinoids are then extracted
using a supercritical CO2 extraction method. The result is
high-quality terpene forward extract that offers consumers a flavor
and aroma profile consistent with dried flower it is derived from -
such as the distinct hints of smoky spice, citrus and pine.
"Building on the momentum that we have
established with our recently launched Bahama Blizzard #11 dried
flower and our expanded Mule Fuel and Krypto Chronic #2 Pre-Roll
formats - we are very pleased to now be rolling out our first
Cannabis 2.0 products under our own sales license. Entry into the
Cannabis 2.0 segment is a major catalyst for growth moving forward
and we expect to build upon the scope and reach of these initial
launches in subsequent quarters," concluded Mr. Kondrosky.
The Company expects 3.5g GMO Cookies Premium
Craft Flower, Krypto Chronic #2 1.0g Flower Rosin and WC #11 0.5g
Vape cartridges to be available for purchase from private cannabis
retailers throughout Alberta and online at AlbertaCannabis.org and
nationally to registered medical patients through CannMart.com in
late December, 2021.
About Sugarbud
"Hand-Crafted Cannabis for a New Era"
Sugarbud is a consumer-driven 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 the Yukon Territory,
British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec
and nationally to registered medical patients through
CannMart.com.
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 properties, characteristics and launch timing thereof; the
expected timing of retail availability of new products; future
growth; and customer satisfaction; the Company's annual general and
special meeting and the timing thereof. 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
variant strains of the 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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