Sugarbud is a federally licensed Alberta based craft cannabis company, focused on the cultivation and production of high quality, genetically diverse, select-batch connoisseur cannabis products.
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Sugarbud is a unique opportunity to grow with a premium brand.
We have a comprehensive business plan focused on the cultivation, extraction and distribution of high-quality cannabis.
We have the financial stability and our future is secure.
Help us write our future.
Management and directors own approximately 17% of the outstanding common shares.
We are all invested because we believe in what we’re doing.
Phase 1a Construction of the Facility is substantially complete and the facility is now fully occupied. We are actively preparing the site for operational readiness and cultivation upon receipt of our License from Health Canada.
We anticipate receiving our cultivation license in Q3, 2019, at which point we will commence growing in our first two cultivation rooms. We plan on submitting our additional license amendments for Phase 1b and 1c in early Q1 of 2020.
Phase 1 by the numbers:
8 Flower Rooms
17,800 square feet of floor space
32,768 square feet of flowering canopy
Forecasted Annual Design Capacity of between 13,230 – 15,565 kgs of dried cannabis production per year
Phase 2 by the numbers:
12 Additional Flower Rooms
26,000 square feet of floor space
49,152 square feet of flowering canopy
Forecasted Annual Design Capacity of between 19,845 – 23,347 kgs of dried cannabis production per year
Total Phase 1 & 2 by the numbers:
20 Flower Rooms
43,800 square feet of floor space
81,920 square feet of flowering canopy
Forecasted Annual Design Capacity of between 33,075 – 38,912 kgs of dried cannabis production per year
We have secured a non-dilutive secured credit facility for up to $5 million with Pillar Capital Corp.
We had an over-subscribed $8.25 million offering in March 2018 and a fully subscribed rights offering in September 2018.
They’re sold. In January 2019, we entered into an agreement to sell our assets for $1.75 million. This cash infusion solidifies our financial stability as we finish building our facility and start growing.
You can purchase shares through a stockbroker or bank that provides brokerage services.
Our Investor Relations contact is:
Chris Moulson
CFO
Tel: (778) 388.8700
E-mail: chrism@sugarbud.ca