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Looks that way Crabby, added today as well. Shift in time and sales made me do it. 10.8 mil buys 7 mil sells.
Lol
WEST PALM BEACH, Fla, Nov. 09, 2018 (GLOBE NEWSWIRE) -- Rennova Health, Inc. (OTC: RNVA) (OTC: RNVAW), today announced that the effective time of the reverse split announced yesterday of 5:00 pm, Eastern Time, on November 9, 2018, has been moved to 5:00 pm, Eastern Time, on November 12, 2018 (the “Effective Time”), at which point, the Company will effect a 1 for 500 reverse stock split of its outstanding common stock. The Company’s common stock will open for trading on Tuesday November 13, 2018, on a post-split basis. This change was made following a recommendation made by FINRA due to Monday November 12, being Veterans Day, a Federal holiday.
Look again, been here for a long time. Reading comprehension is difficult for some people I guess. Read the 8ks. There is lots of us that haven’t posted here for awhile...for good reason. Welcome to the stock market kid. Lol
Re read it again and figure it out:
It states “grant authorization to our Board of Directors to determine, in its discretion, the specific ratio and timing of the reverse split any time before September 30, 2019, subject to the Board of Directors’ discretion to abandon such amendment.”
ANY TIME before September 30, 2019.
Yes. Sometimes it takes a couple days for brokers to complete the transaction.
SugarBud Announces Completion of Change of Business and Trading of Its Common Shares Under the Ticker “SUGR” Commencing October 26, 2018
TSX-Venture Exchange: RRL
CALGARY, Alberta, Oct. 24, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) (trading as Relentless Resources Ltd.) is pleased to announce that it will commence trading on the TSX Venture Exchange (“TSXV”) under the stock symbol “SUGR” on October 26, 2018 and that it has completed certain of the previously announced transactions which collectively constituted the Company’s change of business (the “Change of Business”).
SugarBud Highlights
With approximately $10 million in cash(1), no debt, and a $17.65 million commitment letter with Farm Credit Canada, SugarBud is well-positioned to execute on its cannabis cultivation, processing, and medical/retail distribution strategy;
SugarBud has a team with a track record of success supported by a board with a strong mix of cannabis, oil and gas, start-up, transaction, business and regulatory experience;
Cultivation license applied for and anticipated by year-end 2018;
Line of sight to over 400 top-tier cannabis strains with genetics to be profiled and mapped;
Phase 1 of SugarBud’s cannabis cultivation facility at Stavely, Alberta has been erected and internal construction is currently being completed;
$2.1 million(2) liquid equity investment in Inner Spirit Holdings Ltd. (“Inner Spirit”), with the second tranche expected to close in the coming weeks; and
Planned retail distribution of cannabis through Inner Spirit’s network of Spiritleaf dispensaries and other avenues.
Notes:
(1) CAD, after giving effect to the fully-subscribed rights offering (described below).
(2) Prior to giving effect to the second tranche, based on closing Inner Spirit market price on October 23, 2018 of $0.28 per share.
Craig Kolochuk, President and Chief Executive Officer of SugarBud stated: “The completion of our listing as a Tier 2 Life Sciences Issuer is an incredible milestone for our company. We would like to thank the TSXV for their diligence and guidance throughout the change of business process, our team for their hard work, and our shareholders for their continued belief in our story. We will continue to focus on the construction of our Stavely, Alberta facility to ensure that we are on-time and on-budget, and moving forward we will pursue other high-impact objectives to create value for our stakeholders.”
Change of Name and Stock Symbol
The TSXV has formally approved the Company’s name change from “Relentless Resources Ltd.” to “SugarBud Craft Growers Corp.” and the common shares in the capital of the company (the “Common Shares”) will commence trading on the TSXV under the Company’s new name and new trading symbol “SUGR” at the market opening on October 26, 2018.
Acquisition of Grunewahl Organics Inc.
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”), whose subsidiary is a late-stage applicant to become a licensed producer under Health Canada’s Access to Cannabis for Medical Purposes Regulation (the “Acquisition”). Pursuant to the Acquisition, the Company issued an aggregate of 19,259,993 Common Shares to former holders of shares in the capital of Grunewahl. Certain directors of the Company are also directors and officers of Grunewahl. As a result, the Acquisition did not constitute an Arm’s Length Transaction pursuant to the policies of the TSXV.
Rights Offering
The Company has received final approval from the TSXV to issue certificates representing the Common Shares and common share purchase warrants (“Warrants”) issuable to participants of the previously announced fully subscribed rights offering, the results of which were announced on September 20, 2018. The Company is in the process of effecting the distribution of the Common Shares and Warrants.
Investment with Inner Spirit
In the coming weeks, the Company expects to complete the second tranche of a strategic investment with Inner Spirit pursuant to which: (i) the Company will issue to Inner Spirit an aggregate of 8,108,108 Common Shares and 1,125,000 share purchase warrants, each whole warrant entitling Inner Spirit to purchase one Common Share at a price of $0.30 per share for a period of 24 months from the date of issue; (ii) the Company will receive an additional 7,500,000 units of Inner Spirit, each unit consisting of one common share in the capital of Inner Spirit and one-half of one Inner Spirit warrant, each whole warrant entitling the Company to purchase one Inner Spirit share at a price of $0.30 per share for a period of 24 months from the date of issue and vesting immediately upon issue; and (iii) the Company will execute a strategic alliance agreement with Inner Spirit that will govern the on-going business relationship of the parties. William Macdonald, a director of the Company, is also a director of Inner Spirit. As a result, the transactions with Inner Spirit will not constitute an Arm’s Length Transaction pursuant to the policies of the TSXV.
Appointment of Tekkfund
The Company engaged Tekkfund Capital Corp. (“Tekkfund”) effective as of May 24, 2018 to provide financial communications, investor relations and corporate communications services for an initial term of two years. Tekkfund will work with the Company’s leadership team to advance its broad communications goals and support continued growth. Tekkfund will provide support at levels that will vary depending on the Company’s needs. The Company anticipates that Gary Perkins, President of Tekkfund, at his principal office in Toronto, Ontario, will provide significant value as the Company executes on its business plan. Mr. Perkins provides investor relations services to issuer’s across Canada. Tekkfund is an arm’s length party who will be paid an agreed upon monthly fee in exchange for their investor relations related services at an anticipated total cost of $107,500 for two years.
Additional Information
For additional information regarding SugarBud and the Change of Business, please refer to the filing statement of SugarBud dated October 9, 2018 (the “Filing Statement”), which is available under the Company’s profile on SEDAR at www.sedar.com.
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis company engaged in the development, acquisition and production of cannabis in Canada.
For further information regarding this news release, please contact:
Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca
Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website: http://www.sugarbud.ca
Address: Suite 620, 634 - 6th Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 403-532-4466
Fax: 587-955-9668
I think it’s RLLRF
Should be, the new ticker symbol is a little more attractive and relevant.
$SUGR
Lots of buys today. Expecting ticker change sooner than later.
Trulieve Celebrates Twentieth Location in Florida
NEWS PROVIDED BY
Trulieve Cannabis Corp.
07:00 ET
Florida's largest medical cannabis provider continues brisk growth pace
QUINCY, FL, Oct. 11, 2018 /CNW/ - A few short weeks after its official listing on the Canadian Securities Exchange (TRUL), Florida's market share leader as a medical cannabis provider, Trulieve, hit an important benchmark – opening the doors of its twentieth location statewide.
"With every opening, we've made our top priority providing safe, reliable and natural relief to the growing number of patients in the state," said Trulieve CEO Kim Rivers. "With twenty locations statewide, and more on track to open in the coming months, we will be able to bring safe and effective care to the patients who need it most, including those who may have been unable to make it to a physical location before."
Currently, the state of Florida allows medical marijuana licensees to have 30 locations across the state. As part of the company's mission to ensure safe, reliable access for patients statewide, Trulieve plans to open the doors of its 30th store by February 2019.
In stores and online, patients will find Florida's largest selection of THC and CBD products, all available in a variety of delivery methods, including vaporizers, ground flower for vaporizing, tinctures, topical creams, concentrates, and more. Trulieve also offers home delivery statewide for patients unable to make it to a physical store, and now with 20 dispensaries in locations across the state from Pensacola to Miami.
Recently, the Office of Medical Marijuana Use announced the registry had surpassed 172,000 registered medical marijuana patients, with Trulieve selling consistently selling more than 2/3rds of the state's overall volume. There are currently more than 1,700 registered ordering physicians in the state of Florida as well.
To celebrate their newest store, Trulieve will be holding a press conference with Kim Rivers, CEO of Trulieve, and Victoria Walker, Director of Community Relations, on Friday, October 12th at 10:00 AM, with doors opening and press tours of the new dispensary immediately following.
WHAT: Trulieve Sarasota Grand Opening
WHERE: 935 North Beneva Road, Sarasota, Florida 34232
WHEN: Friday, October 12, 2018 at 10:00 AM
Yeah for sure. This one is going to take a little time but it will be worth the wait. $SUGR
Vertical Aeroponic Cannabis Cultivation Facility at Stavely, Alberta
SugarBud is pleased to announce that Phase 1 of the Facility has been erected by ConstructShieldTM, with direct assistance from Gunther’s Masonry Construction Ltd. Construction is currently underway on the interior of the building, including the inner walls, electrical, mechanical, plumbing and other components of the Facility. See Exhibits 1 and 2 for pictures of Phase 1 and Exhibit 3 for a drone video of Phase 1.
Exhibit 1: http://www.globenewswire.com/NewsRoom/AttachmentNg/8b24e6ea-8736-41c9-9f5a-40c2ad0a9ce7
Exhibit 2: http://www.globenewswire.com/NewsRoom/AttachmentNg/deb98546-930f-453d-a334-f33f1a5a4ae0
Exhibit 3 – Drone Video of the ConstructShieldTMFacility:
CALGARY, Alberta, Oct. 01, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) (trading as Relentless Resources Ltd.) is pleased to announce that it has received conditional approval from the TSX Venture Exchange (“TSXV”) in respect of a series of transactions (the “Transactions”) that will collectively constitute a “Change of Business” of the Company from an oil and gas company to a cannabis company. In connection with the Transactions, the Company will file a filing statement (the “Filing Statement”) under SugarBud’s profile on SEDAR at www.sedar.com.
The Transactions include, without limitation: (i) the completion of its rights offering to holders (“Shareholders”) of common shares of SugarBud (“Common Shares”), the results of which were announced on September 20, 2018; (ii) the acquisition (the “Acquisition”) of Grunewahl Organics Inc. (“Grunewahl”); (iii) the second tranche of a strategic investment with Inner Spirit Holdings Ltd. (“Inner Spirit”); (iv) the entering into of a strategic alliance agreement with Inner Spirit that will govern the on-going business relationship of the parties; and (v) the appointment of Darren Bondar, Chief Executive Officer of Inner Spirit, as a director of SugarBud, each as will be described in the Filing Statement.
Closing of the Transactions is subject to a number of conditions (“Conditions”) including, but not limited to: final TSXV approval of the Change of Business and the issuance by the TSXV of its final bulletin in respect of the Transactions; approval of the Transactions by greater than 50.1% of Shareholders by written consent; and closing conditions customary to transactions of the nature of the Transactions, including those described in the Filing Statement. SugarBud believes that the Conditions will be met in a timely manner, and the Transactions are currently scheduled to close on or about October 17, 2018 (“Closing”).
At Closing, the Company will be listed on the TSXV as a Tier 2 Life Sciences Issuer and trading of the Common Shares will commence on the TSXV under the name “SugarBud Craft Growers Corp.” and the trading symbol “SUGR”.
At Closing, the Rights Offering will be completed and participants in the Rights Offering will receive their Common Shares and Common Share purchase warrants shortly thereafter.
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis and oil and natural gas company engaged in the development, acquisition and production of cannabis and natural gas and crude oil reserves in Alberta.
For further information regarding this news release, please contact:
Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca
Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
Read more at http://www.stockhouse.com/news/press-releases/2018/10/01/sugarbud-announces-conditional-approval-of-change-of-business#vJwRv3ryAvsySpgF.99
Relentless Resources halted at open
2018-10-01 07:43 ET - Halt Trading
Relentless Resources Ltd. has been halted at the open on Oct. 1, 2018, at the request of the company, pending an announcement.
From Mercatos on another board.
Very fair evaluation:
New Investor perspective
$.90/gm production cost
$.90/gm packaging/store/ship cost
$1.80/gm total cost
$4/gm wholesale sale cost
Max total production @8000 kg/year on year 1
Lets say $2/gm net margin x 8 million grams = $16 mil net profit
Divide into 330 million shares aprox = $.05/eps
P/E ratio 20 gives you $1.00 (avg PE for consumer stock with no hype)
So if I were to look at this the value of this stock should trade aprox $1.00
Year 2 when prodution should increase to 20k/kg/year then a future year 2 target price $2.40 ish
This is what I am basing my investment decision and realistic goals
Note I converted all the warrents to shares to get to the 330m total outstanding. EPS can be higher if warrents remain un touched which should reflect a higher eps but for this excercise wanted to be very conservative.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.rrl&postid=28685727#S6hHp9mLCgo2m6hf.99
SugarBud Announces Intent to List Common Share Purchase Warrants for Trading on the TSX Venture Exchange
V.RRL | 3 hours ago
TSX-Venture Exchange: RRL
CALGARY, Alberta, Sept. 24, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) (trading as Relentless Resources Ltd.) is pleased to announce that it intends to apply to the TSX Venture Exchange (“TSXV”) to list, as a supplemental listing on the TSXV, a total of 143,858,237 common share purchase warrants (“Warrants”) of the Company consisting of 88,727,560 Warrants issued pursuant to a private placement offering of the Company completed on March 21, 2018 and an additional 55,130,677 Warrants to be issued pursuant to the previously announced fully subscribed rights offering (“Rights Offering”) for proceeds of $7.4 million (the “Proceeds”).
The Warrants will be governed by a warrant indenture to be entered into between the Company and Computershare Trust Company of Canada. The Company is currently drafting the warrant indenture and plans to list the Warrants as soon as possible.
Listing of the Warrants is anticipated to provide liquidity to SugarBud’s current Warrant holders, attract a larger scope of potential investors to SugarBud, and defer dilution into the future. Due to SugarBud’s current working capital and its access to non-dilutive forms of financing, proceeds from the exercise of Warrants is not needed at this time.
Including the Proceeds, SugarBud will have approximately $10 million of working capital. This capital will be deployed on Phase 1 of SugarBud’s cannabis cultivation facility at Stavely, Alberta, and is sufficient to achieve all requisite Access to Cannabis for Medical Purposes Regulations (“ACMPR”) licenses.
Upon receipt of its ACMPR licenses, SugarBud intends to access non-dilutive forms of capital to complete the Stavely project. As previously announced, SugarBud has entered into a commitment letter in respect of a $17.65 million credit facility with Farm Credit Canada, and is currently in negotiations with third parties regarding a revolving working capital credit facility in the amount of $2 million and equipment financing of $7 million.
The Warrants listing remains subject to TSXV approval. The Company will provide further details as they become available.
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis and oil and natural gas company engaged in the development, acquisition and production of cannabis and natural gas and crude oil reserves in Alberta.
For further information regarding this news release, please contact:
Craig Kolochuk Jeff Swainson
President & Chief Executive Officer Chief Financial Officer
SugarBud Craft Growers Corp. SugarBud Craft Growers Corp.
Phone: (403) 875-5665 Phone: (403) 796-3640
E-mail: craigk@sugarbud.ca E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website: http://www.sugarbud.ca/
Address: Suite 620, 634 ? 6th Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 403?532?4466
Fax: 587?955?9668
Forward Looking and Cautionary Statements
This news release may include forward-looking statements including opinions, assumptions, estimates, the Company’s assessment of future plans and operations, and, more particularly, statements concerning the proposed listing of Warrants on the facilities of the TSXV. When used in this document, the words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Company which include, but are not limited to, the timely receipt of all required TSXV and regulatory approvals. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: regulatory and third party approvals, including receipt of cultivation and sales licenses from Health Canada, not being obtained in the manner or timing anticipated; the ability to implement corporate strategies; the state of domestic capital markets; the ability to obtain financing; changes in general market conditions; industry conditions and events; the size of the medical marijuana market and the recreational marijuana market; government regulations, including future legislative and regulatory developments involving medical and recreational marijuana; construction delays; competition from other industry participants; and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Please refer to the Company’s annual information form (“AIF”) and management’s discussion and analysis (“MD&A”) for the year ended December 31, 2017 for additional risk factors relating to the Company. The AIF and MD&A can be accessed under the Company’s profile on www.sedar.com.
Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.
Neither the TSXV nor its regulation services provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
image: https://www.globenewswire.com/newsroom/ti?nf=NzM5MTY2NyMyNTA5MTIxIzIwODY1Mjg=
image: https://resource.globenewswire.com/media/43861091-8bdc-4d81-87ae-7c366064464f/small/sugarbud-craft-growers-png.png
SugarBud Craft Growers.png
image: http://www.globenewswire.com/newsroom/ti?ndecode=NzA2NDAjNzM5MTY2Nw==
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ENERGY OIL-GAS-INTEGRATED
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Read more at http://www.stockhouse.com/news/press-releases/2018/09/24/sugarbud-announces-intent-to-list-common-share-purchase-warrants-for-trading-on#edzsPiWZ6q1f7LRw.99
SugarBud Announces Results of Fully Subscribed Rights Offeri
SugarBud Announces Results of Fully Subscribed Rights Offering for Proceeds of $7.4 Million
TSX-Venture Exchange: RRL
CALGARY, Alberta, Sept. 20, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) (trading as Relentless Resources Ltd.) is pleased to announce the results of its rights offering (the “Rights Offering”) to holders (“Shareholders”) of common shares (“Common Shares”) of SugarBud. Under the Rights Offering, Shareholders subscribed for and purchased an aggregate of 110,261,353 units (each, a “Unit”) for total approximate proceeds of $7.4 million, of which an aggregate of approximately $1.5 million worth of Units was purchased by insiders, management, and key shareholders of the Company. Units were subscribed for at a price of $0.0675 per Unit. Each Unit will consist of one Common Share and one half of one Common Share purchase warrant (a “Warrant”), with each whole Warrant entitling the holder thereof to purchase one Common Share at a price of $0.10 until September 12, 2023.
Mr. Jeff Swainson, Chief Financial Officer of SugarBud stated: “This highly successful Rights Offering for proceeds of $7.4 million demonstrates the continued support provided by SugarBud’s shareholders, and the belief that they have in our hybrid business model. We previously announced a $17.65 million non-dilutive credit facility with Farm Credit Canada and we have now achieved a significant equity investment led by our devoted insider group and new institutional shareholders. Under a full development we will have the luxury of an appropriate capital structure and a very low cost of capital, and at this stage we do not require any further dilution. In addition to our successful financings, which demonstrate strong access to capital, we are moving diligently to finalize Change of Business, to close the Grunewahl acquisition, and to close the second tranche of the Inner Spirit investment. Perhaps most importantly, we continue to execute on the construction of Phase 1 of our 29,800 square foot Stavely, Alberta aeroponic cannabis cultivation facility, which is currently progressing on-time and on-budget.”
The Company also announces that it continues to work diligently with the TSX Venture Exchange (“TSXV”) to obtain approval in respect of a series of transactions (the “Transactions”) that will collectively constitute a “Change of Business” of the Company from an exclusively oil and gas company to an emerging cannabis and oil and gas company. The Transactions include, without limitation: (i) the completion of the Rights Offering; (ii) the acquisition (the “Acquisition”) of Grunewahl Organics Inc. (“Grunewahl”); (iii) the second tranche of a strategic investment with Inner Spirit Holdings Ltd. (“Inner Spirit”); (iv) the entering into of a strategic alliance agreement with Inner Spirit that will govern the on-going business relationship of the parties; and (v) the appointment of Darren Bondar, Chief Executive Officer of Inner Spirit, as a director of SugarBud.
Grunewahl is a late stage applicant under Health Canada’s Access to Cannabis for Medical Purposes Regulations (“ACMPR”). The Grunewahl Acquisition will not close until the Company receives approval of “Change of Business” from the TSXV and current shareholders of Grunewahl will not receive their SugarBud Common Shares until the Acquisition closes.
Closing of the Transactions (including the Rights Offering) is subject to a number of conditions including, but not limited to: TSXV approval of the Change of Business; approval of the Transactions by greater than 50.1% of Shareholders by written consent (which has been achieved); and closing conditions customary to transactions of the nature of the Transactions. The Acquisition was approved by Grunewahl’s shareholders at a special meeting held on September 11, 2018.
The Rights Offering will result in the issuance of 110,261,353 Common Shares and 55,130,677 Warrants underlying the Units, following which the Company will have 330,784,059 Common Shares and 146,001,083 Warrants outstanding. No Units will be issued in connection with the Rights Offering.
The Company is unable to determine when Shareholders will receive their Common Shares and Warrants issued as a result of their participation in the Rights Offering.
Upon completion of the Transactions, the Company intends to use the proceeds of the Rights Offering to fund an aeroponic cannabis cultivation facility at Stavely, Alberta, which is currently under construction.
Upon completion of the Transactions, the Company intends to be listed on the TSXV as a Tier 2 Life Sciences Issuer. Trading in the common shares of the Company is expected to commence on the TSXV under the name “SugarBud Craft Growers Corp.” and the symbol “SUGR” following the issuance by the TSXV of its final bulletin in respect of the Transactions.
The Company also announces that, pursuant to the terms and conditions of its stock option plan, it has granted an aggregate of 10,150,000 stock options to purchase Common Shares to directors and officers of the Company. The options expire five years from the date of grant and are exercisable at a price of $0.11 per Common Share. The options vest as to one third on the grant date and one third on each of the first and second anniversaries of the grant date.
The Company also announces the resignation of Stanley Swiatek from the board of directors of the Company. The Company thanks Mr. Swiatek for his contributions.
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis and oil and natural gas company engaged in the development, acquisition and production of cannabis and natural gas and crude oil reserves in Alberta.
For further information regarding this news release, please contact:
Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website: http://www.sugarbud.ca/
Address: Suite 620, 634 6th Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 4035324466
Fax: 5879559668
Read more at http://www.stockhouse.com/companies/bullboard/v.rrl/relentless-resources-ltd?postid=28653208#PVOz2KB24BY6YUUi.99
Item 5.03. Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.
As previously announced, on August 22, 2018 the holders of a majority of the total voting power of the voting securities of Rennova Health, Inc. (the “Company”) approved by written consent an amendment (the “Amendment”) to the Company’s Certificate of Incorporation, as amended, to increase the number of authorized shares of common stock from 3,000,000,000 to 10,000,000,000 shares. The Company filed the Amendment with the Secretary of State of the State of Delaware on September 18, 2018.
A copy of the Amendment is filed as an exhibit to this Current Report on Form 8-K and is incorporated herein by reference.
Shareholders of Grunewahl Organics Inc. Approve SugarBud’s Acquisition of Grunewahl
V.RRL | 1 hour ago
CALGARY, Alberta, Sept. 17, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) (trading as Relentless Resources Ltd.) is pleased to announce that shareholders of Grunewahl Organics Inc. (“Grunewahl”), who voted at a special meeting of the shareholders on September 11, 2018, unanimously approved the previously announced acquisition (the “Acquisition”) of Grunewahl by SugarBud.
Closing of the Acquisition remains contingent upon receiving approval of Change of Business of the Company from an oil and gas company to a cannabis company (“Change of Business”) from the TSX Venture Exchange and is subject to closing conditions customary to transactions of the nature of the Acquisition. The Company is working diligently to complete Change of Business and is currently in the advanced stages of the process.
SugarBud plans to provide updates regarding Change of Business, the name change to SugarBud and the stock symbol change to SUGR, the previously announced rights offering, the previously announced second tranche of the cross-investment with Inner Spirit Holdings Ltd. (“Inner Spirit”), and the construction of its cannabis cultivation facility at Stavely, Alberta (the “Facility”) as soon as possible.
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis and oil and natural gas company engaged in the development, acquisition and production of cannabis and natural gas and crude oil reserves in Alberta.
For further information regarding this news release, please contact:
Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca
Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website: http://www.sugarbud.ca/
Address: Suite 620, 634 6th Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 4035324466
Fax: 5879559668
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.rrl&postid=28631169#blHrOGV3S1hWKdu8.99
Danielle Smith Interviews President Craig Kolochuk
https://omny.fm/shows/danielle-smith/sugarbud-the-calgary-company-combining-cannabis-an
Agreed. A little reset of indicators is needed which is good because when the news does come it has more room to move. Having some patience will yield big rewards.
Lol me too, took some at 7.65. Dropped pretty fast near eod. It’s ok bigger picture here.
Global Cannabis Partnership Welcomes New Members
Canada NewsWire
SAINT JOHN, NB, Sept. 13, 2018
New Members will collaborate and contribute to development of
Responsible Cannabis Framework
SAINT JOHN, NB, Sept. 13, 2018 /CNW/ - Momentum continues to build for the establishment of a Responsible Cannabis Framework as eight more organizations join the Global Cannabis Partnership (GCP), in its newly opened Member category.
Global Cannabis Partnership Welcomes New Members (CNW Group/Civilized Worldwide Inc. (Civilized))
The GCP welcomes Cannabis OneFive Inc., Emblem Corp., Grant Thornton LLP Canada, HEXO Corp., Maricann Group Inc., Organigram Inc., Sundial Growers Inc. and Zenabis as its newest Members.
"We expect membership to expand as more and more stakeholders recognize the necessity of social responsibility policies and programs and want to be at the table to collaborate," says Kim Wilson, Executive Director of the GCP. "Adding more members to the Partnership will provide further insight, expertise and knowledge sharing as we set standards and guidelines for compliance and best practices that will make a real difference."
The Member category – open to government agencies, licensed producers, national associations, industry partners and community groups from the global cannabis industry – broadens participation in the GCP beyond the cohort of Founding Members.
The Partnership is under the executive direction of CSR expert Kim Wilson, whose appointment was announced on September 5. The GCP is the first of its kind in the growing global cannabis industry and mirrors successful initiatives in many other industry sectors, such as alcohol, gaming, pharmaceuticals, forestry and others. Not an advocacy or lobby group, the GCP is a partnership of like-minded organizations who want to raise the bar with respect to social responsibility for the cannabis industry.
Founding Members of the GCP were announced on June 12, 2018 at the World Cannabis Congress and represent a cross-section of organizations that play – or will play – a role in the legal, adult-use recreational cannabis supply chain. A full list of Founding Members and Members can be found at globalcannabispartnership.com.
For information about joining the Partnership, contact Kim Wilson, Executive Director of the GCP at 506.646.9960 or kim@revolutionstrategy.com.
Agreed. This is a keeper, couple things in the pipeline that should be announced soon.
Great day, another 53%!
1.We are a craft grower growing top qualifty budd.
2. Spirit leaf is invested in us (Auxly streaming partner)
3. Spirit leaf will be buying out budd for our dispensaries.
4. We are more efficient for the footprint-3 level vertical stacks = 3x the grow in the same amount of space as the others.
5. Aeroponics. Hydroponics typically uses 90% less water than soil, aeroponics can use 90% less water than hydroponics!
6. Non-dilutive financing from the province and private investors
7. Name change is coming soon.
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.rrl&postid=28596609#lXjOaKorVWUG8c9L.99
Looking like huge Gappa
Buy Volume: 12,822,426
Sell Volume: 7,958,084
?: 3,077,746
SugarBud Secures $17.65 Million Non-Dilutive Credit Facility With Farm Credit Canada to Fund Cannabis Operations
V.RRL | 5 days ago
CALGARY, Alberta, Sept. 05, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (trading as Relentless Resources Ltd.) (“SugarBud” or the “Company”) is pleased to announce that it has entered into a commitment letter with Farm Credit Canada (“FCC”) for a credit facility in the amount of $17.65 million (the “Facility”) to fund an aeroponic cannabis cultivation facility at Stavely, Alberta (the “Project”) and is in advanced negotiations with another Canadian financial institution for a revolving working capital credit facility in the amount of $2.0 million (the “Revolver”) and syndication of the Facility.
Credit Facilities
FCC is a self-sustaining federal Crown corporation that reports to Parliament through the Minister of Agriculture and Agri-Food. FCC has over 1,800 employees, 100 offices across rural Canada and a $33 billion loan portfolio.
The Facility will be transformational to SugarBud and its ability to execute on its business plan. Under the commitment letter, FCC has agreed to provide the senior secured Facility on the following principal terms:
Facility Tranche Amount ($ CAD) Amortization (Years) Interest Rate Purpose
1 $ 11,650,000 10 Option of either: (i) variable interest rate linked to Prime Rate Open; or (ii) Closed Fixed rate ranging from 1 year to 10 years at current market rates Stavely, Alberta Phase 1 Cannabis Cultivation Facility
2 $ 6,000,000 10 Option of either: (i) variable interest rate linked to Prime Rate Open; or (ii) Closed Fixed rate ranging from 1 year to 10 years at current market rates Construction Cost Overruns (if Applicable), Contingencies and/or Future Capital Projects
The Facility and advances thereunder will be conditional upon, among other things, syndication of the Facility with another Canadian financial institution (who will lead the syndicate and fund approximately $8.0 million of the Facility), and SugarBud receiving requisite Health Canada licenses.
In addition to the above, SugarBud is in advanced negotiations with a Canadian financial institution for the Revolver in the amount of $2.0 million and syndication of the Facility.
The Facility and Revolver will be used to fund an aeroponic cannabis cultivation facility at Stavely, Alberta, which is currently under construction. Key specifications of the Project are as follows:
Phase (#) Layers of Flowering Canopy (#) Flowering Canopy (Square Feet) Estimated Capital Cost (Millions) Estimated Annual Dried Cannabis Flower Production (Kgs)
1 3 ~34,000 ~$14.0 ~8,000
2 3 ~51,000 ~$17.2 ~12,000
Total N/A ~85,000 ~$31.2 ~20,000
Including the Facility and the Revolver, SugarBud will have access to $19.65 million of credit facilities in addition to its current working capital of approximately $3.5 million and the proceeds from its previously announced rights offering which, if fully subscribed, will result in proceeds of $7.4 million. SugarBud is also pursuing equipment financing and other sources of non-dilutive capital with respect to certain components of the Project.
Mr. Craig Kolochuk, SugarBud’s President and Chief Executive Officer, stated: “Our ability to attract world class capital partners such as Farm Credit Canada speaks to our unique hybrid oil and gas and cannabis business model and the strength of our team. Looking back over the past five months, SugarBud has selected a top team, entered into an amalgamation agreement with a late stage ACMPR applicant, developed a high impact business plan (which includes the development of an innovative multi-layered aeroponic cannabis cultivation facility at Stavely Alberta) and achieved a path to retail distribution through its strategic alliance with Inner Spirit Holdings Ltd. We have now reduced our cost of capital to a level competitive with much larger cannabis peers and funded a large-scale, state-of-the-art cannabis cultivation facility. We are now focused on managing the construction of the Project to ensure that we come on-time and on-budget, obtaining our cultivation license from Health Canada and securing additional retail distribution agreements.”
About SugarBud Craft Growers Corp.
SugarBud is a Calgary based emerging cannabis and oil and natural gas company engaged in the development, acquisition and production of cannabis and natural gas and crude oil reserves in Alberta.
For further information regarding this news release, please contact:
Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca
Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca
Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com
Website: http://www.sugarbud.ca/
Address: Suite 620, 634 - 6TH Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 403-532-4466
Fax: 587-955-9668
Read more at http://www.stockhouse.com/news/press-releases/2018/09/05/sugarbud-secures-17-65-million-non-dilutive-credit-facility-with-farm-credit#KGxYTDvr56jjRK2y.99
From another board..good summary of last quarter.
(from https://globenewswire.com/news-release/2018/06/28/1530867/0/en/Hydropothecary-reports-fiscal-2018-third-quarter-results.html )
Highlights for 3rd Quarter Ending April 30 2018
Revenue per gram increased to $9.24 per gram equivalent from $8.99 in the prior quarter, and $8.62 in the third quarter of fiscal 2017.
Weighted average cash cost of dried inventory sold per gram of $0.88 has decreased 57% year-over-year compared to the third quarter of fiscal 2017.
Revenue increased 5% to $1,240,172 and the volume of medical cannabis sold increased 2% to 134,253 gram equivalents from the second quarter of fiscal 2018.
Finalization of the commercial supplier agreement with Socit qubcoise du cannabis (SQDC) to supply approximately 200,000 kg of cannabis over a five-year term.
20,000 kg of cannabis to be supplied to the SQDC in year one of the supplier agreement post legalization.
Cash and short-term investments of $248.9 million as at April 30, 2018, debt-free balance sheet.
Launch of the new recreational adult-use cannabis brand HEXO.
First plants planted in newly licensed zones of the new 250,000 sq. ft facility.
Graduated to the Toronto Stock Exchange (TSX) from the TSX Venture Exchange (TSXV) with the common shares now trading under the symbol HEXO.
Announcement of intention to change the Company name to HEXO Corp. from the Hydropothecary Corporation.
Read more at http://www.stockhouse.com/companies/bullboard/t.hexo/the-hydropothecary-corp?postid=28593106#u6l2EL8BwTjwuMTH.99
Buy Volume: 4,638,252
Sell Volume: 2,867,473
? Volume: 356,316
Accumulation
The latter is more realistic imo. Several catalysts before EOY should send it there easily.