Sugarbud expands its 2.0 portfolio – launches Hand Blended

CALGARY, Alberta, March 09, 2022 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDD) (“Sugarbud” or the “Company”) is pleased to announce the launch of the first multi – infused pack of 3 x 0.5 g of the Company – “Mixed Greens”.

Sugarbud “Mixed Greens” 3 x 0.5g infused pre-rolls | Expertly curated and blended, Sugarbud Infused Pre-Rolls are made from 100% Sugarbud grown dried flowers and solvent-free extracted dry sifted kief. “The art of blending requires the selection and combination of unique and different cultivars and kief while emphasizing the maintenance of harmony and balance between terpenes, flavors, aromas and cannabinoids. throughout the process. The result is a very unique expression of the dried flower experience and is another fine example of the Sugarbud ‘homestyle’ that consumers have come to expect from the Sugarbud Craft Cannabis Collection,” said Sugarbud President and CEO John Kondrosky Total THC will be between 28-35% with a total terpene profile between 2-4%.

“We continue to rapidly diversify and expand our Craft Cannabis collection product offerings and are excited to bring this unique, handcrafted, and convenient pre-roll format to market,” concluded Sugarbud President and CEO, John Kondrosky.

The company expects its 3 x 0.5g mixed greens pre-rolls to be available for purchase from authorized cannabis retailers in early Q2 2022.

About Sugarbud

“Craft Cannabis for a New Era”

Sugarbud is a consumer-focused craft cannabis company focused on growing and producing premium quality craft cannabis products, in select batches. 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 by delighting the most discerning cannabis consumers.

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.

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.

We are proud.

We take our time.

Discover the difference.

CONTACTS:

Jean Kondrosky
Chief Executive Officer
Sugarbud Craft Growers Corp.
Phone: (604) 499-7847
Email: [email protected]

Investor Relations
Chris Moulson
Financial director
Sugarbud Craft Growers Corp.
Tel: (778) 388-8700
Email: [email protected]

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 and pre-roll products, 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”, “plan”, “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; impact of inflation on 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 in 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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