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 their Craft Cannabis
Collection with the launch of -
GMO Cookies – and
another Sugarbud exclusive -
Bahama Blizzard #11.
Both strains are distinct, high-potency, high-terpene phenotypes
with a total THC range between 21-31% and terpene profiles between
2-4%. GMO Cookies, in particular, is a key milestone for Sugarbud –
as Sugarbud successfully crosses the 30% potency barrier for the
first time on a commercial batch.
Sugarbud GMO
Cookies was created by crossing Girl Scout Cookies and
classic Chemdawg cultivars. This indica-dominant hybrid strain will
provide consumers with exceptionally high potency and beautiful
textured aromas. 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 presents the classic aromas of musty
cellars, savory garlic, sweet spice, and earthy coffee. Consumers
can expect a total THC range of between 22-31% with a total terpene
profile of between 2-4%.
Sugarbud Bahama Blizzard #11
is yet another delightfully complex and
exclusive cultivar; phenotyped from the Sugarbud genetic
library. Created through the cross of Caribbean Cooler x
Jet Fuel Gelato, Bahama Blizzard #11 has triangle-shaped, olive
green buds with purple undertones, dark amber airs and rich
crystal-like trichomes. Consumers can expect well-defined aromas of
sweet confectionary, pine, lemon citrus, floral and fuel. Total THC
will range between 21-26% with a terpene profile of between
2-4%.
"We are producing exceptional top-quality
products for a very intelligent consumer," Sugarbud President and
CEO, John Kondrosky notes. "We recognize that our consumers have
different interests, diverse hobbies, busy jobs and are pursuing
all kinds of things to make their lives even fuller. We understand
that we must work hard to find and earn a place in their busy day.
Our latest strains represent yet another significant step forward
in the evolution of our consumer focused product development,”
continued Mr. Kondrosky.
"In addition to maintaining the high quality and
total value experience consumers have come to expect from Sugarbud
products, with GMO Cookies we have successfully crossed the 30%
potency barrier for the first time on a commercial batch - once
gain setting a new tone for product excellence. Our House-Style and
approach to premium craft cannabis has, from the very start,
emphasized a total consumer experience - focusing on dense sugary
buds, exceptional terpene forward aromas and smooth flavors. It is
this commitment to total product excellence that sets us apart from
many of our competitors. We pay close attention to the details and
we pride ourselves on delivering an exceptional first impression
and top-quality product experience to our consumers each and every
time," concluded Mr. Kondrosky.
The Company expects their first commercial
batches of GMO Cookies and Bahama Blizzard #11 will available in
3.5g Flower and 3 x 0.5g Pre-Roll formats nationwide to both
registered medical patients through Cannmart.com and through select
provincially authorized retailers by mid-November.
About Sugarbud
"Hand-Crafted Cannabis for a New Era"
Sugarbud is a 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 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.caWebsites: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; 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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