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CALGARY, Alberta, March 07, 2022 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDD) (“Sugarbud” or the “Firm”) is happy to announce the launch of the Firm’s first Hashish 2.0 product – Krypto Continual #2 1.0g Flower Rosin – and the Firm’s first 10 x 0.35g multi-pack Pre-Roll format in Ontario.
Sugarbud Krypto Continual #2 Flower Rosin | Sugarbud’s first flower rosin is an distinctive focus made by way of the solventless extraction of Sugarbud’s unique indica dominant hybrid genetic – Krypto Continual #2.
Solventless extraction strategies place a premium on sustaining the naturally occurring terpenes, flavors, aromas and cannabinoids all through the whole course of, making certain that the total essence of the unique dried flower is maintained. Sugarbud’s Krypto Continual #2 flower rosin is one other distinctive instance of Sugarbud’s “Home Model”, and embodies the identical high quality, consistency, taste profiles and aromas customers have come to count on from the Sugarbud Craft Hashish Assortment. Whole THC will vary between 60-70% with a complete terpene profile of between 5-8%.
Sugarbud “Buddies” 10 x 0.35g Pre-Rolls | Caring is sharing responsibly with our new and handy 10 x 0.35g “Buddies” Pre-Roll format. “Expertly crafted utilizing solely 100% dry flower and completely no trim, Sugarbud “Buddies” Pre-Rolls promise the identical top quality expertise customers have come to count on from our highly regarded 3.5g dry flower merchandise with the added comfort of a smaller simpler to hold and simpler to share packaging format,” commented Sugarbud President and CEO, John Kondrosky. The primary product being launched below the brand new “Buddies” format will include Sugarbud’s unique Bahama Blizzard #11 dry flower and customers can count on the identical well-defined aromas of candy confectionary, pine, lemon citrus, floral and gasoline discovered within the very profitable 3.5g dry flower format. Whole THC will vary between 21-26% with a terpene profile of between 1-3%.
The Firm has obtained preliminary buy orders from the Ontario Hashish Retailer (“OCS”) and expects their Krypto Continual #2 Flower Rosin and Bahama Blizzard #11 10 x 0.35g Buddies Pre-Rolls to be obtainable for buy from non-public hashish retailers all through Ontario and on-line at OCS.ca in Spring 2022.
“Our partnership with the OCS continues to develop as we diversify and increase the product providing inside our Craft Hashish Assortment, and we’re delighted to be bringing these new and thrilling codecs to Ontario customers,” concluded Mr. Kondrosky.
The OCS is Ontario’s solely authorized on-line retailer and is accountable for the wholesale distribution of leisure hashish merchandise to personal retailers within the province.
“Hand-Crafted Hashish for a New Period”
Sugarbud is a consumer-driven craft hashish firm targeted on the cultivation and manufacturing of superior, select-batch, craft hashish merchandise. Our imaginative and prescient and mission are to turn into a trusted and well-respected client model famend for offering distinctive high-quality craft hashish merchandise to authorized markets by delighting probably the most discerning of hashish customers.
The Sugarbud Craft Hashish Assortment affords customers “Hand-Crafted Hashish for a New Period”. The Firm is proudly Albertan and is proud to share Western Canada’s lengthy custom of outstanding craft hashish with probably the most discerning of fans. Sugarbud strives to outline the intersection of product craftsmanship, high quality, and worth for customers within the Canadian craft hashish house.
Sugarbud Craft Hashish merchandise are at present obtainable to grownup leisure customers within the Yukon Territory, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and nationally to registered medical sufferers by way of MendoCannabis.ca. Sugarbud merchandise are additionally distributed within the Province of Quebec by way of ROSE LifeScience Inc.’s (“ROSE“) pursuant to a beforehand introduced Gross sales, Advertising and marketing, Provide and Distribution Settlement between ROSE and the Firm.
We Take Satisfaction.
We Take Our Time.
Expertise The Distinction.
CONTACTS:John Kondrosky Chief Government Officer Sugarbud Craft Growers Corp. Cellphone: (604) 499-7847 E-mail: [email protected]Investor Relations ContactChris MoulsonChief Monetary OfficerSugarbud Craft Growers Corp.Tel: (778) 388-8700E-mail: [email protected]
Ahead Trying and Cautionary Statements
This information launch comprises forward-looking statements. Extra notably, and with out limitation, this information launch comprises statements regarding: Sugarbud’s evaluation of future plans, operations and hashish cultivation and processing, together with gross sales, advertising and marketing and distribution alternatives; product high quality; the event, manufacturing, sale and distribution of Sugarbud’s Hashish 2.0 and Pre-Roll merchandise, together with new product traces and the properties, traits and launch timing thereof; the anticipated timing of retail availability of latest merchandise; future development; buyer satisfaction; and the standing of the Firm’s partnership with OCS. When used on this doc, the phrases “will,” “anticipate,” “imagine,” “estimate,” “count on,” “intent,” “might,” “challenge,” “ought to,” and related expressions are supposed to be among the many statements that establish forward-looking statements. The forward-looking statements are based on the premise of expectations and assumptions made by Sugarbud. Ahead-looking statements are topic to a variety of dangers and uncertainties, and though Sugarbud believes that the expectations represented by such forward-looking statements are cheap, there may be no assurance that such expectations will likely be realized. Any variety of vital components might trigger precise outcomes to vary materially from these within the forward-looking statements together with, however not restricted to: at present contemplated enlargement and growth plans might stop or in any other case change; manufacturing of hashish could also be decrease than anticipated; skill to ship hashish merchandise could also be decrease than anticipated; demand for Sugarbud’s merchandise could also be decrease than anticipated; outcomes of manufacturing and sale actions; outcomes of scientific analysis; modifications in costs and prices of inputs; demand for labour; demand for merchandise; failure of counter-parties to carry out contractual obligations; failure to take care of client model recognition and loyalty of shoppers; reliance on relationships with wholesalers and retailers for distribution of merchandise and failure to take care of strategic enterprise relationships; intense competitors, together with from illicit sources; uncertainty and continued evolution of markets; product legal responsibility litigation; reliance on data know-how; infringement on mental property; failure to profit from partnerships; sensitivity of end-customers to elevated gross sales taxes and financial circumstances; failure to adjust to sure laws; departure of key administration personnel or lack of ability to draw and retain expertise; actions and initiatives of federal and provincial governments and modifications to authorities actions, initiatives and insurance policies and the execution and influence thereof; the power to implement company methods; the state of home capital markets; the power to acquire financing; modifications generally market circumstances; business circumstances and occasions; the scale of the medical marijuana market and the leisure marijuana market; authorities laws, together with future legislative and regulatory developments involving medical and leisure marijuana; building delays; dangers inherent within the agricultural enterprise, comparable to bugs, plant illnesses and related agricultural dangers which may have a major influence on the scale and high quality of the harvest of hashish crops; competitors from different business individuals; and different components extra totally described every now and then within the reviews and filings made by Sugarbud with securities regulatory authorities. As well as, the Firm cautions that present international uncertainty with respect to the unfold of the COVID-19 virus, and variant strains of the virus, and its impact on the broader international financial system might proceed to have a major unfavorable impact on the Firm. Whereas the exact influence of the COVID-19 virus on the Firm stay unknown, fast unfold of the COVID-19 virus might proceed to have a cloth opposed impact on international financial exercise, and can lead to volatility and disruption to international provide chains, operations, mobility of individuals and the monetary markets, which might have an effect on rates of interest, credit score rankings, credit score threat, inflation, enterprise, monetary circumstances, outcomes of operations and different components related to the Firm. Please discuss with Sugarbud’s most up-to-date annual data type and administration’s dialogue and evaluation for extra threat components regarding Sugarbud, which may be accessed below Sugarbud’s profile on www.sedar.com. Besides as required by relevant legal guidelines, Sugarbud doesn’t undertake any obligation to publicly replace or revise any forward-looking statements.
Neither the TSXV nor its regulation providers supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.
Supply: Sugarbud Craft Growers Corp.