RE:confusedSugarBud Highlights
With approximately $ 10 million in cash (1), no debt, and a letter of commitment $ 17,650,000 with Farm Credit Canada, SugarBud is well positioned to achieve its cannabis cultivation, treatment and medical / sales distribution strategy by retail;
SugarBud has a team with a track record of success supported by a board with a strong blend of cannabis, oil and gas, startup, transaction, business and regulatory experience;
license of applied cultivation and planned at the end of the year 2018; (CATALYST huge)
Line of sight to more than 400 high-level cannabis varieties with genetics to profile and matched;
Phase 1 of the SugarBud Cannabis Facility in Stavely, Alberta has been erected and the internal construction is being completed;
$ 2.1 million (2) investments in liquid shares in Inner Spirit Holdings Ltd. ("Inner Spirit"), the second tranche should be finalized in the coming weeks; and
Planned retail distribution of cannabis through Spiritleaf's internal network of pharmacies and other avenues.
On October 23, 2018, the Company, through its wholly-owned subsidiary 2114152 Alberta Ltd., acquired all of the issued and outstanding shares in the capital of Grunewahl Organics Inc. ("Grunewahl"), including the subsidiary is an advanced candidate to become a Licensed Producer of Health Canada on Access to Cannabis for Medical Purposes