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Monday, 09/17/2018 8:45:31 AM

Monday, September 17, 2018 8:45:31 AM

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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