Sugarbud expands its product portfolio in British Columbia

CALGARY, Alberta, March 21, 2022 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDD) (“Sugar“or the”Company“) is pleased to announce the continued expansion of the Company’s product portfolio in British Columbia with the launch of Bahamas Blizzard #11.

Sugarbud Bahamas Blizzard #11 is an exclusive cultivar; phenotyped from the Sugarbud gene bank. Created by mixing Caribbean Cooler and Jet Fuel Gelato, Bahama Blizzard #11 has triangle-shaped olive green buds with purple undertones, dark amber tunes, and rich crystalline trichomes. Consumers can expect well-defined aromas such as notes of sweet pine, lemony citrus, floral and fuel. The total THC will be between 210 and 260 mg/g and a total terpene profile between 2 and 4%.

“We are excited to expand our existing product portfolio in British Columbia with this unique and exclusive cultivar,” said Sugarbud CEO John Kondrosky. “We continue to develop and expand our product offering with exciting new cultivars that deliver potency, terpene content, flavor and aroma. Bahama Blizzard #11 is another fine example of our commitment to consumer satisfaction and the in-house style and craftsmanship that defines Sugarbud Craft Cannabis – a visually appealing and dense sweet bud structure, exceptional terpene aromas and flavors. sweet,” Mr. Kondrosky concluded.

The Company expects Bahama Blizzard #11 Dried Flower 3.5g to be available for purchase online at BCCannabisStores.com, BC’s government-run cannabis stores and private retailers of all of British Columbia at the start of the second quarter of 2022.

The BC Liquor Distribution Branch is responsible for the wholesale distribution of non-medical cannabis to private retailers and is the public retailer of non-medical cannabis across the province, under the BC Cannabis Stores brand.

Learn more about the Sugarbud Craft Cannabis collection here.

About Sugarbud

Sugarbud is a leading consumer-focused craft cannabis company focused on growing and producing premium quality craft cannabis products, in curated batches. The Sugarbud Craft Cannabis collection offers consumers “crafted cannabis for a new era”. The company is proudly Albertan and proud to share Western Canada’s long tradition of exceptional craft cannabis with the most discerning enthusiasts.

Sugarbud strives to define the intersection of craftsmanship, quality and product value for consumers in the Canadian craft cannabis space. Our vision and mission is to become a trusted and respected consumer brand renowned for delivering exceptional, high quality craft cannabis products to legal markets.

We are proud.

We take our time.

Discover the difference.

Sugarbud Craft Cannabis products are currently available to adult recreational consumers in the Yukon Territory, British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and nationally to registered medical patients through MendoCannabis.ca . Sugarbud products are also distributed in the province of Quebec by ROSE LifeScience Inc. (“PINK“) pursuant to a previously announced sales, marketing, supply and distribution agreement between ROSE and the Company.

CONTACTS:
Jean Kondrosky

Chief Executive Officer
Sugarbud Craft Growers Corp.
Phone: (604) 499-7847
Email: johnk@sugarbud.ca

Investor Relations
Chris Moulson
Financial director
Sugarbud Craft Growers Corp.
Tel: (778) 388-8700
E-mail: chrism@sugarbud.ca

Websites:
http://www.sugarbud.ca/
http://craftcannabiscollection.ca

Forward-Looking Statements and Cautions

This press release contains forward-looking statements. Specifically, and without limitation, this press release contains statements regarding: Sugarbud’s assessment of plans, operations, and the future cultivation and processing of cannabis, including opportunities for sales, marketing and distribution; product quality; the development, production, sale and distribution of Sugarbud’s Craft Cannabis collection, including new product lines and their properties, characteristics and launch schedule; the expected timing of retail availability of new products; future growth; and customer satisfaction. When used in this document, the words “will”, “anticipate”, “believe”, “estimate”, “expect”, “intend”, “may”, “project”, ” should” and similar expressions are intended to be among 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 although Sugarbud believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will materialize. A number of important factors could cause actual results to differ materially from those set forth in the forward-looking statements, including, but not limited to: plans for expansion and development currently contemplated may cease or otherwise change; cannabis production could be lower than expected; the ability to ship cannabis products may be lower than expected; demand for Sugarbud’s products may be weaker than expected; the results of production and sales activities; results of scientific research; changes in input prices and costs; labor demand; demand for products; failure of counterparties to perform their contractual obligations; failure to maintain consumer brand recognition and customer loyalty; reliance on relationships with wholesalers and retailers for product distribution and failure to maintain strategic business relationships; intense competition, including from illicit sources; uncertainty and continued market changes; product liability litigation; reliance on information technology; infringement of intellectual property; non-benefit of partnerships; the sensitivity of end customers to increased sales taxes and economic conditions; non-compliance with certain regulations; the departure of key executives or the inability to attract and retain talent; federal and provincial government actions and initiatives and changes to government actions, initiatives and policies and their execution and impact; the ability to implement business 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 regarding medical and recreational marijuana; construction delays; risks inherent in agricultural activity, such as insects, plant diseases and similar agricultural risks that can significantly impact 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 reports and documents filed by Sugarbud with securities regulatory authorities. In addition, the Company cautions that the current global uncertainty regarding the spread of the COVID-19 virus and variant strains of the virus, and its effect on the wider global economy may continue to have a material adverse effect on the Company. . Although the precise impact of the COVID-19 virus on the Company remains unknown, the rapid spread of the COVID-19 virus may continue to have a material adverse effect on global economic activity and may lead to volatility and disruption of supply chains. procurement, operations, mobility of people and financial markets, which could affect interest rates, credit ratings, credit risk, inflation, business, financial condition, results of operations and other factors relevant to the Company. Please refer to Sugarbud’s most recent Annual Information Form and Sugarbud’s Management’s Discussion and Analysis of Additional Risk Factors, which can be viewed under Sugarbud’s profile at www.sedar.com. Except as required by applicable laws, Sugarbud undertakes no 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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