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"Thank you for your support in NORTHBUD.
The building is almost completed and is at the very, very last stages to be completed. We agreed at NORTHBUD as we are so close to completion to come out soon with one last video.
Stay tuned for more updates as we complete the building and file our evidence package to Health Canada.
Regards,
Edward
North Bud on a roll setting up the business network
TORONTO, June 25, 2019 (GLOBE NEWSWIRE) -- North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") is pleased to announce that it has entered into a binding letter of intent (“LOI”), effective June 23, 2019, to acquire all of the issued and outstanding securities of Nevada Botanical Science, Inc. (“NBS”) in a transaction valued at USD$7 million.
Nevada Botanical Science is located in Reno, Nevada. They hold medical and adult use licenses for cultivation extraction and distribution. NBS’ operation is located on 3.2 acres of land within the Reno green zone industrial park. NBS currently operates a 5,000 sq. ft. indoor cultivation facility and have been approved for expansion of up to 100,000 sq. ft. The property also houses an extraction facility and commercial kitchen capable of manufacturing beverages and edibles. Operated by healthcare professionals, NBS has been primarily focused on the cultivation and manufacturing of medical cannabis products. NBS currently manufactures and sells award winning* (Jack Herer Cup 2018) topical pain creams, balms and lotions under the Trichomic brand.
“We are very excited to have the opportunity to enter the Nevada market,” said Ryan Brown, CEO of NORTHBUD. “The Nevada market is considered one of the best markets in America with recreational sales of USD$580 million in the first full year of legalization* (2017 Nevada Dept. of Taxation). Assuming the successful closing of the proposed transaction with NBS and our previously announced transactions with Eureka Vapor and Tanforan Ventures, we are building an excellent platform in the 3 largest markets in the United States on which to build our brand focused strategy.”
“The NBS team is pleased to be entering into this agreement with NORTHBUD, as we believe that NORTHBUD and its brands will be a perfect addition to our existing medical business and allow us to capitalize on the Nevada recreational market,” said Robert Dalrymple, MD., CEO of Nevada Botanical Science.
Transaction Terms
The proposed transaction (the “Transaction”) is currently structured as a share purchase agreement whereby in exchange for the purchase of all of the securities of NBS, NORTHBUD will pay USD$6M in cash and issue USD$1M in common shares (“Common Shares”) to the shareholders of Nevada Botanical Science (the “NBS Shareholders”) with the price per Common Share to be determined based on a formula of the higher of (a) CAD$0.35 per Common Share and (b) the 30-day volume weighted average price (“VWAP”) calculated on the closing date (the “Closing Date”) of a definitive agreement in respect of the Transaction (the “Definitive Agreement”). In addition, NORTHBUD has agreed to loan up to USD$500,000 under a promissory note to NBS while the companies work towards a definitive agreement. Specific terms of the promissory note are not yet determined, however any amounts loaned to NBS under the promissory note will be fully refundable and may be converted into equity in NBS, at the option of NORTHBUD, in the event that the transaction is not completed. NORTHBUD and NBS Shareholders expect to enter into the Definitive Agreement on or before October 1, 2019.
The Transaction is a significant acquisition but will not result in a “Fundamental Change” pursuant to the policies of the Canadian Securities Exchange (“CSE”). Financial information on NBS will be disclosed following receipt of audited financial statements in connection with the Company’s due diligence. NORTHBUD will be preparing the necessary corporate and securities filings in order to secure the required approvals for the Transaction.
NORTHBUD has agreed to pay up USD$280,000 in broker/finder fees to arm’s length parties in connection with the closing of the Transaction.
The closing of the Transaction is conditional on the receipt by the parties of applicable corporate and regulatory approvals including that of the CSE.
While the proposed transactions involving NBS, Tanforan Ventures and Eureka Vapor are complementary, they are independent and the Company may ultimately proceed to close one, two, all or none of the proposed transactions, depending on market conditions and regulatory requirements.
About Nevada Botanical Science, Inc.
Founded by a group of northern Nevada physicians and healthcare professionals who believe in the promise of medical cannabis, Nevada Botanical Science has developed a world class cannabis production, research and development facility in Reno's Washoe County. Its work and commitment are fully in compliance with the Hippocratic Oath as well as Nevada statute. Nevada Botanical Science is dedicated to ensuring the highest measure of safety, governance and stewardship for its patients, employees and the community it serves.
For more information visit: www.nevadabotanicalscience.com
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. The Company is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
For more information visit: www.northbud.com
North Bud Farms investor acquires 3.33 million units
2019-06-20 14:21 ET - News Release
Mr. Ryan Brown of North Bud Capital reports
NORTH BUD CAPITAL ACQUIRES SHARES AND WARRANTS OF NORTH BUD FARMS INC.
This news release is issued by North Bud Capital Holdings Ltd. pursuant to the early warning requirements of National Instrument 62-104 and NI 62-103 with respect to the acquisition by North Bud Capital of units of North Bud Farms Inc.
On June 19, 2019, in connection with the closing of a non-brokered private placement of the issuer, North Bud Capital purchased 3,333,333 units in the share capital of the reporting issuer at a price of 30 cents per unit for gross proceeds to the issuer of $1-million.
Each unit consists of one common share and one common share purchase warrant, with each warrant entitling the holder thereof to purchase one additional common share in the share capital of the issuer at an exercise price of 40 cents and expiring on June 19, 2021.
Prior to the private placement transaction, North Bud Capital owned and controlled 7,084,500 common shares in the share capital of the issuer, representing 12.75 per cent of the issued and outstanding common shares of the issuer.
As a result of the closing of private placement transaction, North Bud Capital holds a total of 10,417,833 common shares of the issuer, representing 17.49 per cent of the issued and outstanding common shares of the issuer, and, assuming the exercise of the 3,333,333 warrants comprised in the units, will hold a total of 13,751,166 common shares, representing a total of 21.86 per cent of the issued and outstanding common shares of the issuer on a partially diluted basis.
Depending on economic or market conditions or matters relating to the issuer, North Bud Capital may in the future choose to either acquire additional securities of the issuer or dispose of securities of the issuer.
For further information, and to obtain a copy of the early warning report filed under applicable securities legislation in connection with the transactions described herein, please go to the issuer's profile on SEDAR or contact Ryan Brown, chief executive officer of North Bud Capital, at 855-359-2475.
Read more at https://stockhouse.com/companies/bullboard#w2aETJeAoW5lLkf0.99
TORONTO, June 19, 2019 (GLOBE NEWSWIRE) -- North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") is pleased to announce the closing of a first tranche of its non-brokered private placement, previously announced on May 15, 2019, for gross proceeds of $1,208,000, by issuing 4,026,664 units at a price of $0.30 per unit. Each unit is comprised of one common share and one common share purchase warrant. Each warrant entitles the holder to acquire one additional common share of the Company at a price of $0.40 per share for a period of twenty-four months.
North Bud Capital Holdings Ltd. (“North Bud Capital”), a significant and founding shareholder of the Company, has demonstrated its commitment to the continued success of the Company by committing $1 million as the lead investor in the offering. The Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.
“These funds are essential to fund ongoing and existing acquisition efforts in the United States,” said Ryan Brown, CEO of North Bud Farms.
The Company expects to close on the balance of the previously announced private placement of up to $4 million in one or more additional tranches of the offering in the near future, subject to the receipt of all necessary regulatory approvals. All securities issued pursuant to the offering are subject to a four-month hold period in accordance with applicable Canadian securities laws.
As previously mentioned, North Bud Capital participated in the offering by subscribing for 3,333,333 Units, representing an investment of $1 million. North Bud Capital’s participation is considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation requirements and majority of the minority shareholder approval requirements of MI 61-101 contained in Section 5.5(a) and Section 5.7(1)(a) in respect of the foregoing related party transaction on the basis that the fair market value of the transaction does not exceed more than 25% of the Company’s market capitalization.
Shares for Services
The Company has also issued 129,142 common shares at a price per share of $0.35 to AGORACOM as per the September 21, 2018 press release for marketing services rendered to the Company through to June 15, 2019.
North Bud Farms Signs Binding LOI to Acquire California Extraction Company Tanforan Ventures
Jun 18, 2019
North Bud Farms Signs Binding Letter of Intent to Acquire California Licensed Extraction Company Tanforan Ventures
TORONTO, June 18, 2019 (GLOBE NEWSWIRE) — North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) (“NORTHBUD” or the “Company”) is pleased to announce that effective June 15, 2019 it has entered into a binding letter of intent (“LOI”) to acquire all of the issued and outstanding securities of Tanforan Ventures LLC (“Tanforan”), a California-based licensed operator holding Category 7 extraction and distribution licenses, in a transaction valued at CAD$8.6 million.
Tanforan holds manufacturing and distribution licenses in the state of California and is in the final stages of completing its new Category 7 licensed extraction facility in Woodland, California.
“We are very excited to have the opportunity to secure additional infrastructure and talent as we continue to execute on our U.S. expansion plans,” said Ryan Brown, CEO of North Bud Farms. “This strategically located extraction facility will facilitate the transportation of crude extract derived from bio-mass grown at contract farms located in Northern California. Assuming the successful closing of the proposed transaction with Tanforan and our previously announced transaction with Eureka Vapor, we intend to further process the crude extract into a finished consumer product at Eureka Vapor’s manufacturing and distribution facility located in Los Angeles to service the Southern California market.”
Transaction Terms
The proposed transaction (the “Transaction”) is currently structured as a share purchase agreement whereby in exchange for the purchase of all of the securities of Tanforan, NORTHBUD will issue CAD$5 million in common shares (“Common Shares”) to the shareholders of Tanforan (the “Tanforan Shareholders”) with the price per Common Share to be determined based on a formula of the higher of (a) CAD$0.35 per Common Share and (b) the 30-day volume weighted average price (“VWAP”) calculated on the closing date (the “Closing Date”) of a definitive agreement in respect of the Transaction (the “Definitive Agreement”). NORTHBUD and Tanforan expect to enter into the Definitive Agreement by October 1, 2019.
In addition, Tanforan shareholders will be entitled to receive up to an additional CAD$3.6 million in Common Shares of NORTHBUD, on a pro rata basis, upon Tanforan achieving revenue of USD$11,700,000 from extraction contracts over a 12 month period following the closing of the Transaction. All of the foregoing revenue milestone Common Shares will have a deemed value equal to the consideration shares and will be subject to the same escrow period.
10% of the Common Shares to be issued pursuant to the Definitive Agreement will be issued to the Tanforan shareholders on the Closing Date, with the remainder of the Common Shares to be issued in equal tranches after six, twelve, eighteen, and twenty-four months from the Closing Date (the “Escrow Period”).
The Transaction is a significant acquisition, but will not result in a “Fundamental Change” pursuant to the policies of the CSE. NORTHBUD will be preparing the necessary corporate and securities filings in order to secure the required approvals for the Transaction.
NORTHBUD has agreed to pay $150,000 in broker/finder fees to arm’s length parties in connection with the closing of the Transaction.
The closing of the Transaction is conditional on Tanforan receiving its final Certificate of Occupancy from the city of Woodland, the receipt of all applicable permits as well as the receipt by the parties of applicable corporate and regulatory approvals including that of the CSE.
“The opportunity to acquire a state-of-the-art facility with an experienced operations team is an exciting prospect for NORTHBUD,” says Ryan Brown, CEO of NORTHBUD. “We believe that the combination of Tanforan’s facility and services combined with Eureka Vapor’s products and distribution will give NORTHBUD an excellent platform to capitalize on the California recreational cannabis market, considered to be the largest in North America.”
“The Tanforan team is excited to join forces with NORTHBUD and Eureka to capitalize on the largest consumer market in North America,” said Shannan Day, CEO of Tanforan Ventures. “Tanforan has extensive exclusive agreements with licensed Cannabis farms in Northern California and we look forward to working with NORTHBUD and Eureka to create high quality products for distribution in Southern California.”
While the proposed transactions involving Tanforan and Eureka Vapor are complementary, they are independent and the Company may ultimately proceed to close one, both or neither of the proposed transactions, depending on market conditions and regulatory requirements.
Update on Acquisition of Eureka Vapor
As previously announced in the Company’s press release dated May 15, 2019, NORTHBUD and Eureka Vapor LLC (“Eureka”) continue to work towards completing a definitive agreement whereby NORTHBUD is to acquire all of the issued and outstanding shares of Eureka and all of its subsidiaries. Based on projected timelines for the completion of the audit of Eureka’s financial statements, the companies expect to sign a definitive agreement in the third quarter of the 2019 calendar year.
Update on Financing
The Company expects to close a first tranche of its non-brokered private placement later this week. As previously announced on May 15, 2019, the private placement is for up to 13,333,333 units at a price of $0.30 per unit, for gross proceeds of up to $4 million. Each unit will be comprised of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional share at a price of $0.40 for a period of 24 months from the closing date.
About Tanforan Ventures LLC.
Historically Tanforan’s business operated under the proposition 215 regulatory structure. As of January 2019, Tanforan successfully applied for and received a volatile extraction license under the California adult use regulations laws. Tanforan specializes in white label extraction services.
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. The Company is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
About Eureka Vapor LLC
Headquartered in Los Angeles, California, EUREKA Vapor was founded in 2011 and holds licenses in both California and Colorado. EUREKA Vapor’s multi state operation manufactures and sells a premium line of vaporizer cartridges, disposable vapor pens and proprietary vaporizer batteries designed to work with their highly sought-after CO2 extracted oil. Using their refined extraction processes and techniques developed over almost a decade of extracting, EUREKA Vapor is committed to providing the cleanest and safest natural oil cartridges in the industry. Long referred to as one of the leaders in the industry, EUREKA has one of the most loyal customer bases in the category which reflects their commitment to honesty and transparency above all else. EUREKA continually looks for innovative ways to improve and refine their product offerings in order to deliver the best, most consistent vaping experience in the industry.
TORONTO, May 15, 2019 (GLOBE NEWSWIRE) -- North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") announces a non-brokered private placement of up to 13,333,333 units, at a price of $0.30 per unit, for gross proceeds of up to $4 million. Each unit will be comprised of one common share of the Company and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional share at a price of $0.40 for a period of 24 months from the date of closing of the offering. Insiders of the Company have demonstrated their commitment to the continued success of the Company by committing to a lead investment of $1 million in the proposed offering. The Company plans to use the net proceeds of the offering to hire additional staff for its Canadian operations, pursue M&A opportunities in the United States, including new state license applications, and for general working capital purposes.
“These funds will be essential to fund ongoing acquisition efforts in the United States and prepare our Canadian production facility for operations,” said Ryan Brown, CEO of North Bud Farms.
The offering is expected to be completed on or before May 31, 2019, subject to the receipt of all necessary regulatory approvals. All securities issued pursuant to the offering will be subject to a four-month hold period in accordance with applicable Canadian securities laws.
As mentioned, certain directors, officers and other insiders have committed to participate in the offering. Accordingly, any such participation would be considered a "related party transaction" under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on the exemptions from the formal valuation requirements and majority of the minority shareholder approval requirements of MI 61-101 contained in Section 5.5(a) and Section 5.7(1)(a) in respect of any such related party transaction on the basis that the fair market value of the transaction does not exceed more than 25% of the Company’s market capitalization. The Company expects to file a material change report in respect of any related party transaction on SEDAR prior to the closing of the offering, the whole as required by MI 61-101.
Eureka Vapor LLC Update
The Company is pleased to update shareholders on the status of its planned strategic acquisition of multi-state licensed operator, Eureka Vapor (“Eureka”), as the companies continue to work towards completing a definitive agreement. Based on projected timelines for the completion of the audit of Eureka’s financial statements, the companies expect to sign a definitive agreement in the third quarter of the 2019 calendar year.
“We are excited to be joining forces with NORTHBUD to drive strong long-term revenue growth in both Canada and the United States,” said Justin Braune, CEO of Eureka Vapor. “The Eureka team continues to evaluate synergistic acquisitions in multiple U.S. states to expand both the Eureka Vapor and NORTHBUD brands post-closing of our transaction.”
Corporate Update
The Company is in the final stages of preparation for submission of the required evidence package to Health Canada for its cannabis production facility located in Low, Quebec. Consultants have scheduled the evidence package for the end of June and it will be submitted to Health Canada upon its completion.
“We are very excited to be nearing completion of this project,” said Ryan Brown, CEO of North Bud Farms. “We are equally encouraged by recent changes in the application process that will allocate more resources to companies who are operationally ready. The Company will provide an update post submission of the evidence package.”
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
For more information visit: www.northbud.com
North Bud Farms Inc. (CSE:NBUD) (OTCQB:NOBDF), a Canadian company currently pursuing licensing for Pharmaceutical and Food Grade production in the new 2019 market, entered into an LOI to acquire the Los Angeles-based company Eureka Vapor.
Eureka is a licensed manufacturer of cannabis vape cartridges, batteries, and disposable vape pens designed to work with their unique brand of CO2 extracted cannabis oils. The new acquisition by North Bud will help Eureka expand out of California and Colorado and into the new concentrate sector of the legal Canadian market.
“We believe that vape cartridges represent a high margin and high-growth product segment of the market,” said North Bud CEO Ryan Brown. “The Eureka team are proven operators and possess an unmatched product knowledge which is evidenced by the strong brand loyalty that they have established.”
The cannabis companies will be working together to introduce the Eureka line of cannabis vapes in the fourth quarter of 2019 when the sale of concentrates will finally become legal in Canada.
https://www.potnetwork.com/news/four-cannabis-tech-companies-taking-vape-industry-right-now?fbclid=IwAR3pFKvaRec1I-cC8bIeF_xPMtWWmNgyaR8r6DWe1Z1yMS5Ehm4HYmZf_x8
NORTHBUD is pleased by the recent news yesterday from Health Canada that additional resources will be allocated to companies who are operationally ready and will prioritize reviews based on the original application date.
https://www.newswire.ca/news-releases/statement-from-health-canada-on-changes-to-cannabis-licensing-837732427.html?fbclid=IwAR2sAu2DKRU8E8NoFgLbhncIX0iuL51U9pRyqwXR-Ady7jpafZoYCZEPtr4
https://www.facebook.com/pg/northbud/posts/
Update finishing touches facility and outdoor grow ready steady go
NORTHBUD (NBUD-CSE) Construction Update, April 2019 -- @Northbudco #NBUD $NBUD $NOBDF #CSE #BNN #momentumstocks #MarijuanaStocks #Potstocks #hemp #CBD #smallcap #cannabis #THC @eurekavape #Midasletter --
— Momentum PR (@Momentum_PR) May 1, 2019
Watch the Video showing all the progress here: https://t.co/ygYflqWvlH
We are planning to have a harvest ready for this October which we plan to sell as a white label for possible companies to purchase. The facility will be finished soon and we will be able to start with some indoor crops in time for October' harvest season. Hope this helps,
Edward
Read more at https://stockhouse.com/companies/bullboard?symbol=c.nbud&postid=29612820#qubddh2jdQtAsXfb.99
In one hour, Ryan live in B.C... listen live
https://twitter.com/hashtag/CanadaPotTalks?src=hash
How do you grow cannabis? The Canadian way - with strong regulation and sensible policies, contributing millions back to communities and to Canada's economy. pic.twitter.com/5DBrnPoojr
— Cannabis Council of Canada (@Cannabis_Canada) December 7, 2018
Ceo new interview 13min
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=147494314
North Bud Farms Clarifies Terms of Binding Letter of Intent to Enter U.S. Market with Strategic Acquisition of Multi-State Licensed Operator Eureka Vapor
TORONTO, March 07, 2019 (GLOBE NEWSWIRE) -- North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") clarifies the terms of its press release dated March 6, 2019 with respect to entering into the March 3, 2019 binding letter of intent (“LOI”) to acquire all the issued and outstanding shares of Eureka Vapor LLC. and all of its subsidiaries (“Eureka”), a U.S. multi-state cannabis operator, and arm’s length to the Company, in a transaction valued at CAD$20 million (the “Transaction”). The completion of the Transaction is subject to the following conditions precedent: (i) obtaining the necessary board of director and shareholder approval of the Company and Eureka; (ii) the Company and Eureka satisfying respective due diligence of the other on or before May 30, 2019; (iii) entering into of a definitive agreement (the “Definitive Agreement”) in respect of the Transaction; and (iv) obtaining necessary regulatory and CSE approval. The Company and Eureka shall use commercially reasonable best efforts to satisfy the aforementioned condition precedents as soon as possible, but in any event no later than June 1, 2019 (the “Termination Deadline”) or another date as may be agreed to by the parties. In the event that the conditions precedent have not been satisfied or waived prior to the Termination Deadline, the LOI will automatically terminate.
As referenced in its March 6, 2019 press release, the purchase price of Eureka under the Definitive Agreement will be satisfied by the issuance of common shares (“Common Shares”) of the Company to Eureka shareholders with a price per Common Share to be determined based on a formula of the higher of (a) CAD$0.35 per Common Share; and (b) the 30 day volume weighted average price of the Common Shares. 10% of the Common Shares will be issued to the Eureka shareholders on the closing date of the Transaction (the “Closing Date”), with the remainder of Common Shares issued in equal tranches of six, twelve, eighteen, and twenty-four months from the Closing Date. In addition, Eureka shareholders are eligible to receive up to an additional CAD$25 million of Common Shares based on the achievement of USD$25 million of revenue derived from existing Eureka California and Colorado operations.
The 10% of the Common Shares issued on the Closing Date will represent up to 9.33% of the total issued and outstanding Common Shares on the Closing Date (if the minimum issuance price of CAD$0.35 per Common Share is assumed and there is no occurrence of dilutive events). The Company will issue a comprehensive press release respecting the terms of the Definitive Agreement upon entering into the Definitive Agreement.
The Company anticipates its common shares will re-commence trading after the dissemination of this news release.
About Eureka Vapor LLC.
Headquartered in Los Angeles, California, EUREKA Vapor was founded in 2011 and holds licenses in both California and Colorado. EUREKA Vapor's multi-state operation manufactures and sells a premium line of vaporizer cartridges, disposable vapor pens and proprietary vaporizer batteries designed to work with their highly sought-after CO2 extracted oil. Using their refined extraction processes and techniques developed over almost a decade of extracting, EUREKA Vapor is committed to providing the cleanest and safest natural oil cartridges in the industry. Long referred to as one of the leaders in the industry, EUREKA has one of the most loyal customer bases in the category which reflects their commitment to honesty and transparency above all else. EUREKA continually looks for innovative ways to improve and refine their product offerings in order to deliver the best, most consistent vaping experience in the industry.
For more information visit: www.eurekavapor.com
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly-owned subsidiary GrowPros MMP Inc., is pursuing a licence under The Cannabis Act. The Company is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019.
For more information visit: www.northbud.com
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
Forward-looking statements
Certain statements included in this press release constitute forward-looking information or statements (collectively, “forward-looking statements”), including those identified by the expressions “anticipate”, “believe”, “plan”, “estimate”, “expect”, “intend”, “may”, “should” and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward-looking statements including those relating to the Transaction, the completion of conditions precedent to the Transaction, entering into of the Definitive Agreement, the potential termination of the LOI, the issuance of Common Shares to Eureka shareholders, an issuance price of CAD$0.35 per Common Share at the Closing Date, Eureka achieving USD$25 million of revenue derived from California and Colorado operations, and the issuance of up to CAD$25 million of Common Shares, and the re-commencement of the trading of common shares of the Company. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties and other factors. Such risks and uncertainties include, among others, the risk factors included in North Bud Farms Inc.’s final long form prospectus dated August 21, 2018, which is available under the issuer’s SEDAR profile at www.sedar.com.
FOR ADDITIONAL INFORMATION, PLEASE CONTACT:
North Bud Farms Inc.
Edward Miller
VP, IR & Communications
Office: (855) 628-3420 ext. 3
investors@northbud.com
NBUD IR response received by email today
Hello,
We are working with the regulators who are going through the Eureka LOI contract. Hope to resolve by today.
Regards,
Edward
Edward Miller
VP, IR
NORTHBUD
Read more at https://stockhouse.com/companies/bullboard?symbol=c.nbud&postid=29455290#XjzzyzFKm1v8OrKq.99
Amazing news!
This means Instant revenues for North Bud to the tune of 11.5 Million!! Keep in mind this is based on 2018 numbers and only California and Colorado.. Think of potential revenues for future licenses in additional US states and then in Canada. Eureka is THE cannabis vaporizer right now, the first, the best and proprietary technology surrounding their processing method. Also, for those who enjoy reading between the lines.. North bud gave Eureka shareholders the eligibility for an additional 25 mil in shares IF they can achieve revenues of 25 mil USD (33,618,625.00 CAD) They wouldn’t give this option for nothing in my opinion I can only think that this is a goal set for 2019 as the reported revenues in the release were for 2018. Buckle up ladies and gentlemen we should see $1+ short term imho :) cheers to those who’ve had the patience to hold this the last few months while management was clearly hard at work behind the scenes. It’s about to pay off!
Read more at https://stockhouse.com/companies/bullboard?symbol=c.nbud&postid=29449905#hSJl68ytVb3VaFkx.99
I agree!! $11 mill in Revenue should put us a little over 100 mil market cap alone at a multiple of 12.
Yup and that’s only factoring in Eureka and the two US states it operates in. That valuation wouldn’t take into consideration future States they would be in and what about North Bud itself and what we have going on in Canada? And then what about Eureka when it comes to Canada likely this year? This is extremely exciting news for those who understand the big picture. This transaction has the capability to put us into the 100’s of million dollar mkt cap.
Love da vapor man!. What the hell they waitin' for?, news was long over and the bid is now YUUUGE, lol.
Something for the occasion, G/L!
VANCOUVER, March 6, 2019 /CNW/ - The following issues have been halted by IIROC:
Company: North Bud Farms Inc.
CSE Symbol: NBUD (all issues)
Reason: At the request of the Company Pending News
Halt Time (ET): 8:17 AM
North Bud Farms Upgrades to OTCQB to Engage and Expand U.S. Investor Audience
Toronto, Ontario, March 4, 2019 (GLOBE NEWSWIRE) – North Bud Farms Inc. (CSE: NBUD) (OTCQB: NOBDF) ("NORTHBUD" or the "Company") today announced that effective today, shares of the Company have been approved for and will commence trading on the OTCQB venture marketplace, operated by OTC Markets Group, under the ticker symbol NOBDF. The Company also announced its strategy to create greater opportunity for its shareholders and attract new U.S. retail and institutional investors by providing transparency via this listing.
“We are extremely pleased to announce our listing to the OTCQB Venture Marketplace," said Ryan Brown, CEO of North Bud Farms Inc. "NORTHBUD is committed to the high level of financial and corporate disclosure that is required for this listing category which further demonstrates significant improvement in how we are categorized in the public markets. This move represents our expansion in growing our U.S. investor shareholder base as we believe that trading on the OTCQB will enhance trading liquidity and continue to increase market adoption of our business model, thereby enhancing shareholder value."
The OTCQB is considered by the SEC as an established public market for the purpose of determining the public market price when registering securities for resale with the SEC. The OTCQB dramatically increases transparency, reporting standards, management certification and compliance requirements, the majority of broker dealers trade stocks on the OTCQB. Historically this has resulted in greater liquidity and awareness for companies that reach the OTCQB tier.
McMillan LLP serves as NORTHBUD's OTCQB advisor, responsible for providing professional guidance on OTCQB requirements and U.S. securities laws. U.S. investors can find current financial disclosure and quotes for the company on www.otcmarkets.com.
About North Bud Farms Inc.
North Bud Farms Inc., through its wholly owned subsidiary GrowPros MMP Inc. which was acquired in February 2018, is pursuing a licence under The Cannabis Act. North Bud Farms Inc. is constructing a state-of-the-art purpose-built cannabis production facility located on 95 acres of Agricultural Land in Low, Quebec. North Bud Farms Inc. will be focused on Pharmaceutical and Food Grade cannabinoid production in preparation for the legalization of edibles and ingestible products scheduled for October 2019. For more information visit: www.northbud.com
Neither the Canadian Securities Exchange (the “CSE”) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
New Update - on schedule
https://vimeo.com/320579910
A little reminder to the board,
Watch the OT creep,
Smarten tfu ;)
12 days up and with conviction:
https://ih.advfn.com/p.php?pid=staticchart&s=CNSX:NBUD&p=1&t=17&width=336&height=112&vol=1&delay=1
.40 is back
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almost thought it was Nitty.
He doesn't like it but he taught me everything I know, lol.
NBUD$
.. volume up ;)
Very thin now, thick bid NBUD$
Lol, too bad, thin to .80 - look for it!.
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i dunno...i think the allowance got cut off.
Can you imagine if Nitty came over here
To this tiny little upstart
With his dancin' banana
And parents money?
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post here much? lol
almost thought it was Nitty.
J/K GL
Another huge volume day, no fly by night, no sir ;) $$$NBUD$$$
RE:Given the float
I Agree. Current market cap only around 19.4 mil is extremely cheap given the fundamentals and future prospects here. Looking out towards edible regulations/legalization in October this company will be very well positioned to grab a sizeable share of the market given their unique business model approach and experienced management team. As Guru says with this low float North Bud could become explosive very quickly as you’ve witnessed in the last couple days of trading. I can see NBUD gapping up tomorrow & hitting $0.60-$0.80 short term imo. Always do your own due diligence.
Read more at https://stockhouse.com/companies/bullboard?symbol=c.nbud&postid=29407156#P2GdlW50d1CRw0FF.99
Gm everyone, lol..
North Bud Farms Inc Number of Securites : 12,958,000 Price : 0,25$ Each Unit consisted of one common share and one-half of one common share purchase warrant Each Warrant; 1 CS - exercise price @ $0.40 - 24 month following the date upon which the Common Shares are listed
Seems to be a bit of confusion here as to what significance the last two days of very large increases in volume and SP could mean.
No recent hint from the company other than usual updates on their website, business presentation, twitter, facebook, etc,.. .
A lot of wealth has been created (;) so it only natural to look for the smoking gun that fired this juggernaut.
Imhanfo fwiw and as I have been following the story several years now (before Tetra Bio Pharma [Growpros!] sired NorthBud); I think a simple case of a hidden gem being discovered. Burgeoning sector of the economy, supply shortages for years to come, NorthBud an experienced specialist, building a state of the art facility one can go visit and see progress on, self financed, crazy low SS, institutional investors, visionary industry founder CEO. Do some DD ;).
https://twitter.com/northbudco
https://www.slideshare.net/MomentumPR/northbud-farms-corporate-presentation-november-2018
https://www.northbud.com/
Has it's own inhouse VC
http://northbud.capital/
What I like about a real company where it is only a matter of time it creates a win win scenario;
SP goes up one realizes increased value, goes down you buy more ;)..
glta
.. even chartists are indecisive,
https://pbs.twimg.com/media/D0KIAoBWoAAMEGm.png:large
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Simply a beautiful picture ;)!,
https://pbs.twimg.com/media/D0CgPB9VYAIbBQ0.jpg
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Makes sense now, big dogs are here ;)
Welcome!
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Construction of our Cannabis Production Facility in Low, Quebec
NORTHBUD is pleased to update shareholders that the construction of our cannabis production facility in Low, Quebec remains on schedule as per the timeline provided from our builder NGA Construction. Erecting of the steel structure began on the 19th of November and is expected to take approximately 30 days to complete. We expect the building to be operational in Q1 2019. Please follow our social media channels for video updates of the facility construction (https://vimeo.com/302330795) and branding out reach.
Cannabis Act Application
Migration of the application to the Cannabis Licensing Tracking System (“CLTS”) has begun in collaboration with Cannabis Consulting Inc., one of the leading consultancy firms in the industry.
Update on Janey’s Inc. Acquisition
NORTHBUD and Janey’s continue to work on finalizing the acquisition agreement to include additional product segments. To date Janey’s has fulfilled multiple orders to the Ontario Cannabis Store and intends to expand its offering in the upcoming product calls.
Corporate Initiatives
NORTHBUD wishes to inform shareholders that its Board of Directors has approved management’s request to explore business opportunities in other international jurisdictions.
“This development represents an evolution in our business since going public and we feel it is important to update shareholders and potential shareholders that we will be actively pursuing international opportunities that we believe are complementary to our core business and that should create value for shareholders as we expand NORTHBUD’s global presence,” said Ryan Brown, CEO of North Bud Farms Inc.
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