Sugarbud...very well connected And we all know how it works in Canada.......it’s not what you know, it’s WHO you know
Sugarbud is moving fast and being in Alberta, makes a difference. Don’t be surprise if Aurora Canabis come knocking in the very near future, it would make sense. I’m sure Richardson knows every CEO of every canabis companies in Alberta.....being well connected is on top of the food chain
Subsequent to September 30, 2018, Mr. Richardson joined the management team. Mr. Richardson has 25 of years experience in the Alberta retail liquor industry. Most recently, he was Vice President of Crowfoot Wines and Spirits (“Crowfoot”), where he was integral in building Crowfoot from inception to approximately 25 premier liquor locations. Mr. Richardson was responsible for: the identification, evaluation and acquisition of liquor store locations; the negotiation and execution of leases; the design, construction and renovation of liquor store locations; human resources initiatives; and the day-to-day operations of Crowfoot.
During the three months ended September 30, 2018, Sander Steer, resigned as Vice President, Growing Operations, Infrastructure & Technology and transitioned to a consulting role with the Company.
Grunewahl acquisition
During the nine months ended September 30, 2018, the Company acquired all of the issued and outstanding shares in the capital of Grunewahl Organics Inc. (“Grunewahl”), whose subsidiary was a late-stage applicant to become a licensed producer under Health Canada’s ACMPR.
Pursuant to the acquisition, the Company issued an aggregate of 19,259,993 common shares (“Common Shares”) of the company to former holders of shares in the capital of Grunewahl and 2114152 Alberta Ltd., a wholly-owned subsidiary of the Company, amalgamated with Grunewahl to form “Trichome Holdings Corp.”, which then amalgamated with 2114152 Alberta Ltd. Grunewahl has received municipal approval to cultivate cannabis at Stavely, Alberta upon the receipt of a cultivation license (“Cultivation License”) from Health Canada.