New message board for Relentless Resources LTD http://www.relentless-resources.com/
SUGARBUD CRAFT GROWERS CORP. PROVIDES UPDATE REGARDING MANAGEMENT CHANGES AND ADDITIONS, FUNDING OF CANNABIS OPERATIONS, INSIDER PARTICIPATION IN RIGHTS OFFERING, INVESTMENT IN INNER SPIRIT HOLDINGS LTD. AND ANNOUNCES OPTION GRANT TSX-Venture Exchange: RRL CALGARY, ALBERTA, August 9, 2018 – SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) is pleased to announce that it has appointed Mr. Craig Kolochuk, SugarBud’s President, to the position of President and Chief Executive Officer, Mr. Sander Steer to the position of Vice President, Growing Operations, Infrastructure and Technology and Mr. Corey Scott to the position of Master Cultivator. SugarBud is also pleased to provide an update regarding its credit facilities and funding of cannabis operations, anticipated insider participation of approximately $1.5 million in its upcoming rights offering (“Rights Offering”) and its investment in Inner Spirit Holdings Ltd. (“ISH”), which has increased substantially in value subsequent to ISH’s successful initial public offering (“IPO”).
See below for a summary of the estimated timeline for the completion of Phase 1:
- Base Building: Completed.
Health Canada Attestation Video: February 7 and 8, 2019.
Building Occupancy: February 28, 2019.
Flowering Rooms 1 and 2 (Partial): March 15, 2019.
Cultivation License: Expected Q1, 2019.
Flowering Rooms 3 – 8: December 31, 2019.
This timeline is subject to change and is based on current internal estimates.