Someone ask when first crop due? If you only had shares...As a shareholder of Sugarbud Craft Growers Corp, you are probably now aware that there is a rights issue expiring December 20.
Shareholders received one right for every share they hold .
The formula to exercise is:-
· number of shares divided by 4 and multiplied by 5.5 cents equaling the amount of money necessary to buy a unit of
one share and one warrant at 10 cents, good for two years .
Update:-
· SugarBud is making progress and their first crop will be harvested in January at their Stavely Alberta facility. This is a well designed
facility and with just two rooms completed, the company projects to start generating positive cash flow in 2020. The revenue numbers increase
dramatically with each new room added. Note that each room has the ability to produce on three levels. SugarBud has the design capacity to
achieve 9,900 to 11,700 kg of cannabis in just 6 rooms in Stavely. Multiplied by $4 per gram, the revenue is substantial without the
overheads associated with this production as seen with many other producers.
· In September we expected the cannabis market to move up and SugarBud to do well having just received its cultivation license from
Health Canada . Unfortunately the entire sector went down on average over 75% off its year high taking SugarBud down from 17 cents
to almost 5 cents. This sentiment appears to be dissipating as we near the end of tax loss season in 2019.
Please don’t hesitate to contact me whenever you have any questions.
Yours truly,
Gary Perkins B.Comm
Investor Relatations
SugarBud Craft Growers Corp
Tel: 416 882-0020
Tic Toc bashers, not much time left, Bahhhhaaaahhh