On Tuesday,
Sugarbud Craft Growers Corp. (TSX-V: SUGR, OTC: RLLRF, Forum) announced that it had partnered with
Velvet Management Inc. to be its exclusive national sales and distribution agent for the Company’s Craft Cannabis Collection.
This will involve Velvet’s presence in store level sales representation, brand advocacy and budtender education to drive wider distribution of the Company’s Craft Cannabis Collection in key target markets nationally.
Sugarbud’s Chief Executive Officer John Kondrosky stated that Velvet has a rich history representing leading and iconic luxury brands in the wine and spirits industry as well as the emerging cannabis sector.
“As a leading full-service cannabis sales agency with deep industry knowledge, and an established sales team nationwide, our collaboration with Velvet will no doubt have a significant impact on our ability to rapidly accelerate consumer visibility and consumption of the Sugarbud brand. Increasing our reach and connection to retailers, budtenders and the end user consumer is a priority for Sugarbud and critical to our revenue growth objectives. We are thrilled to be partnering with Velvet to expand our reach and capabilities in this regard.”
For more details on this news, click
here.
The Alberta-based, consumer-driven boutique craft cannabis Company recently made news when it entered into a national product purchase and supply agreement for its Cannabis 2.0 products with
CannMart Inc. Under the terms of the Supply Agreement, CannMart will have the option to purchase Sugarbud branded cannabis extract products for subsequent national distribution. Sugarbud now expects to be in a position to begin shipping its branded cannabis extract products by the end of Q1 2021.
FULL DISCLOSURE: Sugarbud Craft Growers Corp. is a client of Stockhouse Publishing.