Letter from presidentMr. Craig Kolochuk, SugarBud’s President and Chief Executive Officer, stated: “Our ability to attract world class capital partners such as Farm Credit Canada speaks to our unique hybrid oil and gas and cannabis business model and the strength of our team. Looking back over the past five months, SugarBud has selected a top team, entered into an amalgamation agreement with a late stage ACMPR applicant, developed a high impact business plan (which includes the development of an innovative multi-layered aeroponic cannabis cultivation facility at Stavely Alberta) and achieved a path to retail distribution through its strategic alliance with Inner Spirit Holdings Ltd. We have now reduced our cost of capital to a level competitive with much larger cannabis peers and funded a large-scale, state-of-the-art cannabis cultivation facility. We are now focused on managing the construction of the Project to ensure that we come on-time and on-budget, obtaining our cultivation license from Health Canada and securing additional retail distribution agreements.”