Sucro Limited (SUGR)

Sucro Announces First Quarter 2026 ResultsMay 20, 2026 7:30 AM
PR Newswire (Canada) Refinery volumes increase significantly as new assets begin ramp-up; continued margin pressure reflects broader U.S. market conditionsCORAL GABLES, Fla., May 20, 2026 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar trader and refiner focused primarily on serving North American sugar markets, today announced financial results for the three months ended March 31, 2026. All amounts are in United States dollars ("U.S. $" or "$") unless otherwise noted. Financial HighlightsRevenue of $149.2 million on sugar deliveries of 179,764 metric tonsRecord refinery deliveries of 96,507 MT, inclusive of all Sucro processing plant operations.Net income of $5.4 million, down 55% from 2025.Adjusted gross profit1 of $9.8 million versus $13.9 million in 2025, and adjusted gross profit margin1 percentage of 6.6% versus 8.9% last yearEBITDA1 of $16.7 million and adjusted EBITDA1 of $5.2 million versus $22.9 million and $10.0 million, respectively, last yearAdjusted gross profit per metric ton delivered1,2 of $54.64 /MT versus $78.95/MT last yearFor our refineries, adjusted gross profit per metric ton delivered1 of $90.77 compared to $169.25/MT last year.Q1 Highlights (unaudited)Three Months Ended Mar 31In 000s of U.S. $ except per share and volume metrics.20262025ChangeSugar Deliveries (Metric Tons)179,764176,3192.0 %Revenue$149,197$155,741-4.2 %Gross profit20,72227,205-23.8 %Adjusted gross profit19,82213,920-29.4 %Adjusted gross profit margin16.6 %8.9 %
EBITDA116,65222,862-27.2 %Adjusted EBITDA15,1809,958-48.0 %Adjusted EBITDA Margin13.5 %6.4 %
Net Income (Loss)5,36212,007-55.3 %   Per share (basic)0.481.10-56.5 %   Per share (diluted)0.220.50-55.9 %Adjusted gross profit per metric ton delivered1,254.6478.95-30.8 %Free cash flow1(3,083)1,222




Refineries Results:


Refineries Volume (Metric Tons)96,50748,202100.2 %Adjusted gross profit1$8,760$8,1587.4 %Adjusted gross profit per metric ton delivered190.77169.25-46.4 %1. This is not a standardized financial measure under IFRS and may not be comparable to similar financial measures of other issuers. Please refer to "Non-IFRS and Other Financial Measures (Key Performance Indicators)" in Sucro's Q1 2026 MD&A for further details which is incorporated by reference herein and available for viewing and download on SEDAR+ at www.sedarplus.ca.2. Net of cash settlements.


"Our first quarter results reflect both the continued strength of our integrated platform and the near-term market pressures impacting the broader U.S. sugar industry," said Jonathan Taylor, Founder and Chief Executive Officer of Sucro."Most importantly, we achieved record refinery production volumes as our new Hamilton and University Park facilities continue their ramp-up. These assets are beginning to materially shift our business mix toward higher value refining operations, which we expect will drive long-term margin expansion."Taylor also added, "while margins in the quarter were impacted by lower market prices, higher logistics costs, and tariffs that could not be fully passed through to customers, our ability to maintain volumes, expand refining throughput, and grow our forward book demonstrates the resilience and flexibility of our model. As these new assets scale, we expect improved operating leverage and stronger financial performance."Results from Operations – Three Months Ended March 31, 2026For the three months ended March 31, 2026, customer deliveries remained relatively flat compared with the three months ended March 31, 2025 (176,319 MTs in 2025 compared with 179,764 MTs in 2026). While overall volumes have remained consistent with those of the previous year, we have seen some shifts in their composition, including a decrease in deliveries into Mexico and our bulk world market sales that have been compensated with increased deliveries from our refineries, which saw record quarterly volumes of 96,507 MT, driven by export opportunities from our Canadian refinery and the inclusion of our University Park and Memphis operations in our refined volumes beginning January 1, 2026.Adjusted EBITDA was $5.2 million for the three months ended March 31, 2026, compared with $10.0 million for the corresponding 2025 period, a 48.0% decrease, mainly as a result of lower Adjusted Gross Profit ($9.8 million for the three months ended March 31, 2026, compared with $13.9 million for the corresponding 2025 period). The decrease in Adjusted Gross Profit was driven by margin compression in the U.S., driven in turn by market dynamics that have rendered the Company unable to pass on additional logistics and freight costs, including tariffs, to its customers. Likewise, while refinery volumes have nearly doubled year-over-year, refining margins decreased by $78.48, to $90.77 per MT in Q1 2026, driven by customs duties and tariffs, as well as by freight costs related to the transfer product between our facilities. Following the U.S. Supreme Court decision overturning the International Emergency Powers Act ("IEEPA") tariffs imposed by the U.S. government in 2025, the Company has sought to protect its right to obtain such refunds for the full amount of its IEEPA tariff payments of approximately $6.2 million. EBITDA was $16.7 million for the three months ended March 31, 2026, compared with $22.9 million for the corresponding 2025 period, a 27.2% decrease. Likewise, net income for the three months ended March 31, 2026, amounted to $5.4 million, a decrease of $6.6 million when compared to net income of $12.0 million for the three months ended March 31, 2025. These decreases were driven primarily by lower unrealized mark-to-market gains on physical sugar contracts and lower Adjusted Gross Profit.Annual MeetingThe Company has called an annual and special meeting of shareholders to be held virtually via webcast on Friday May 29, 2026 at 8:30 am EDT.Q1 2026 Investor CallThe Company will host a conference call on Wednesday May 20, 2026, at 8:30 am Eastern time during which Jonathan Taylor, Founder and Chief Executive Officer, and Stefano D'Aniello, Chief Financial Officer, will discuss Sucro's financial performance for the first quarter ending March 31, 2026.         Date:Wednesday May 20, 2026
         Time:8:30 am ET
         Conference Call: Toll-Free      (800) 836 8184
Local (GTA)   (646) 357 8785
Please dial in at least five minutes before the call begins.


         Replay:Available through June 3, 2026
         Replay Access:Toll-Free       (888) 660 6345
Local (GTA)   (646) 517 4150
Passcode       42371#About SucroSucro is a growth-oriented sugar trader and refiner that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales, and sourcing network throughout North America with three cane sugar refineries, including two recently opened sugar cane refineries in Hamilton, Ontario and University Park, Illinois (a suburb of Chicago). The Company has offices in Miami, Mexico City, Cali, Sao Paulo, and Port of Spain. For more information, visit sucro.us and follow us on LinkedIn.Non-IFRS and Other Financial MeasuresIn this Press Release, reference is made to the following non-IFRS measures: "EBITDA", "Adjusted EBITDA", "Adjusted Gross Profit", "Adjusted Gross Profit Margin", "Adjusted Gross Profit Per Metric Ton Delivered", and "Free Cash Flow". Such non-IFRS financial measures are not standardized financial measures under International Financial Reporting Standards ("IFRS") and might not be comparable to similar financial measures disclosed by other issuers. For details on the composition and a reconciliation between such non-IFRS measures and the most directly comparable financial measure in our financial statements, please refer to the "Non-IFRS and Other Financial Measures (Key Performance Indicators)" section in our MD&A dated May 19, 2026 and filed on SEDAR+ at www.sedarplus.ca, which is specifically incorporated by reference herein.Forward-Looking StatementsThis Press Release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws.  This forward-looking information includes, among other things, statements relating to: our expectation that as our business mix shifts toward higher value refining operations our operating margins will expand over the longer-term and operating and financial  performance will improve.  Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that, while considered to be appropriate and reasonable as of the date of this Press Release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information. Important risk factors are described in the Company's MD&A for the period ended March 31, 2026 and other Company filings on SEDAR+ at www.sedarplus.ca, including under "Risk Factors" in the Company's annual information form ("AIF") dated April 18, 2024, which section of the AIF is specifically incorporated by reference herein.Prospective investors should not place undue reliance on forward-looking information, which speaks only as of the date made.  The Company disclaims any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Sucro Limited Original: Sucro Announces First Quarter 2026 Results

Sucro to Host First Quarter 2026 Conference CallMay 1, 2026 8:52 AM
PR Newswire (Canada)

CORAL GABLES, Fla., May 1, 2026 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar trader and refiner focused primarily on serving North American sugar markets, today announced that it will release its first quarter 2026 results on Wednesday, May 20, 2026, before the opening of markets.







The Company will also host a conference call on Wednesday, May 20, 2026, at 8:30 am Eastern time during which Jonathan Taylor, Founder and Chief Executive Officer, and Stefano D'Aniello, Chief Financial Officer, will discuss Sucro's financial performance for the first quarter ended March 31, 2026.Conference Call Details:Date:Wednesday May 20, 2026
Time:8:30 am ET
Conference Call:Toll-Free Dial-In Number    (800) 836-8184
Dial-In Number (GTA)                  (646) 357-8785
Please dial in at least five minutes before the call begins.


Replay:Available through June 3, 2026 Replay Access:Toll-Free Dial-In Number(888) 660-6345
Dial-In Number (GTA)(646) 517-4150
Passcode42371#About SucroSucro is a growth-oriented sugar company that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales, and sourcing network throughout North America with three cane sugar refineries, including two recently opened sugar cane refineries in Hamilton, Ontario and University Park, Illinois (a suburb of Chicago). The Company has offices in Miami, Mexico City, Cali, Sao Paulo, and Port of Spain. For more information, visit sucro.us and follow us on LinkedIn.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Sucro Limited

Original: Sucro to Host First Quarter 2026 Conference Call

Sucro calls on USDA's AMS to Immediately Retract Seriously Flawed Molasses ReportApril 24, 2026 9:00 AM
PR Newswire (Canada)

WASHINGTON, April 24, 2026 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company") today calls upon the U.S. Department of Agriculture ("USDA") and its Agricultural Marketing Service ("AMS") to immediately retract its seriously flawed report on imported molasses under HTS 1703.10.30, which Sucro believes to include significant errors after information emerged showing glaring mathematical errors, scientific inconsistencies, and unsupported allegations.







After Congress directed AMS to evaluate imported molasses, supported by $3 million in taxpayer funding inserted through the appropriations process, AMS released a report before the agency had properly addressed obvious methodological mistakes and mathematical errors. AMS REPORT CONTAINS BASIC MATHEMATICAL ERRORSThe report's central conclusion that imported molasses entering through Buffalo allegedly fails statutory requirements at a 78% rate appears to rely on calculations that cannot be independently replicated using AMS's own published methodology.According to a technical review of the report:AMS explicitly states that soluble non-sugar solids (SNSS) was calculated as:
SNSS = (Solids – Sugars) / SolidsApplying AMS's own reported Table 5 data produces materially different results than those published in Table 6.Examples include:Reported solids: 74.6Reported sugars: 69.72Actual calculated SNSS: ~6.5%AMS reported SNSS result: 3.72%Those numbers do not reconcile, and represent a material difference in the SNSS results.  Sucro believes it is a fundamental mathematical failure at the core of the report, and calls into question the integrity of the data being presented.AMS REPORT CONTAINS CHEMICALLY IMPOSSIBLE RESULTSAMS also published a negative SNSS value of -4.26%. That result implies that total measured sugar exceeded total measured solids, which is chemically impossible.  This was immediately flagged to AMS as an obvious red flag that should have triggered further review. However, when informed of the impossibility over their own results, AMS claimed "it essentially means 0%."  Sucro does not believe this statement supports good scientific analysis and is a retrospective rationalization of bad data.Negative values should have triggered:retestingchain-of-custody reviewsampling reviewmethodology validationInstead, AMS simply published the data without qualification.AMS HAS NOT PROVIDED RAW DATAWhen confronted with these inconsistencies and faults, and correspondence showing repeated concerns, AMS declined to provide raw data and underlying sampling details, including;missing raw datasetsunclear protocolsinability to validate calculationsrefusal to engage transparently with stakeholders No scientific body should publish conclusions that cannot be independently validated, and certainly not after the report has been identified to have clear, fundamental and tangible errors.AMS WENT BEYOND ITS TECHNICAL MANDATERather than staying within its scientific lane focused on product testing, AMS veered into trade policy recommendations. AMS:made multiple references to domestic molasses as if that was a relevant "profile". This has no bearing on verifying molasses imports under HTS 1703.10.30,suggested changing tariff definitionsrecommended rewriting statutory thresholdsproposed tightening import classificationsinserted policy recommendations well outside AMS's technical roleSucro is disappointed that AMS made speculative, inflammatory and unsubstantiated claims that imports may involve "blending" or the use of "additives" despite providing no direct evidence proving such behavior occurred. THE REPORT WAS PUBLICLY MARKETED BEFORE ITS ERRORS WERE ADDRESSEDBefore AMS resolved obvious technical deficiencies, the report was allowed to be publicly shared with media outlets already amplifying sensationalized claims of tariff circumvention. IMMEDIATE CORRECTIVE ACTION IS REQUIREDAMS must:Immediately withdraw and officially retract publication of their reportProvide for an independent third-party scientific reviewEnsure confidential disclosure of raw testing data with the specific importers in questionReview AMS conduct that led to the leaking and media dissemination of a Congressionally-mandated reportInvite Congressional oversight into how this report was commissioned and releasedSuspend any policy action based on this reportWe at Sucro have showed repeated openness and willingness to be transparent and forthcoming and historically maintained a good relationship with AMS as well as all other US government entities. All we are asking is for reciprocal treatment from the government – a fair, open and honest exchange of information.About SucroSucro is a growth-oriented sugar trader and refiner that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales, and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility, and three cane sugar refineries, including two recently opened sugar cane refineries in Hamilton, Ontario and University Park, Illinois (a suburb of Chicago). The Company has offices in Miami, Mexico City, Cali, Sao Paulo, and Port of Spain. For more information, visit sucro.us and follow us on LinkedIn.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Sucro Limited

Original: Sucro calls on USDA's AMS to Immediately Retract Seriously Flawed Molasses Report

Sucro Announces Fourth Quarter and Year-End 2025 ResultsApril 16, 2026 7:30 AM
PR Newswire (Canada)

Full year sugar deliveries increase 29% versus prior year, along with full year Net Income of $41.0M, an increase of $16.8M, or 69.3%, over 2024 CORAL GABLES, Fla., April 16, 2026 /CNW/ - Sucro Limited (TSXV: SUGR) (OTCQB: SUGRF) ("Sucro" or the "Company"), an integrated sugar trader and refiner focused primarily on serving North American sugar markets, today announced financial results for the three and twelve months ended December 31, 2025. All amounts are in United States dollars ("U.S. $" or "$") unless otherwise noted.







Financial HighlightsFull-year revenue of $668.9 million on sugar deliveries of 838,607 metric tons; Q4 revenue of $149.4 million and 227,447 metric tons, respectivelyFull-year net income of $41.0 million; Q4 net income of $11.6 million Full-year adjusted gross profit1 of $49.5 million and adjusted gross profit margin1 percentage of 7.4%; Q4 of $9.1 million and 6.1%, respectivelyFull-year EBITDA1 of $64.9 million and adjusted EBITDA1 of $30.9 million; Q4 of $11.3 million and $3.4 million, respectivelyFull-year adjusted gross profit per metric ton delivered1,2 of $59.05; Q4 of $40.16For our refineries, Full-year volumes of 205,710 metric tons; Q4 of 44,561 metric tonsFor our refineries, Full-year adjusted gross profit per metric ton delivered of $147.641; Q4 of $124.55Q4 and Year-End 2025 HighlightsThree Months Ended Dec 31Twelve Months Ended Dec 31In 000s of U.S. $ except per share and volume metrics.                              20252024Change20252024ChangeSugar Deliveries (Metric Tons)227,447154,77347.0 %838,607649,74729.1 %Revenue$149,410$160,066-6.7 %$668,935$655,3482.1 %Gross profit18,0435,343237.7 %86,86685,2002.0 %Adjusted gross profit19,13311,889-23.2 %49,52456,557-12.4 %Adjusted gross profit margin16.1 %7.4 %
7.4 %8.6 %
EBITDA111,3009481092.0 %64,85961,6945.1 %Adjusted EBITDA13,4216,578-48.0 %30,91034,125-9.4 %Adjusted EBITDA Margin12.29 %4.11 %
4.62 %5.21 %
Net Income (Loss)11,552(6,945)-266.3 %40,96624,19169.3 %   Per share (basic)1.05(0.92)-213.6 %3.713.2115.7 %   Per share (diluted)0.48(0.29)-263.6 %1.701.0266.6 %Adjusted gross profit per metric ton delivered1,240.1676.82-47.7 %59.0587.04-32.2 %Free cash flow1(944)1,471
6,3989,996







Refineries Results:




Refineries Volume (Metric Tons)44,56144,5340.1 %205,710206,994-0.6 %Adjusted gross profit1$5,550$6,260-11.3 %$30,371$30,2380.4 %Adjusted gross profit per metric ton delivered1124.55140.56-11.4 %147.64146.081.1 %1. This is not a standardized financial measure under IFRS and may not be comparable to similar financial measures of other issuers. Please     refer to "Non-IFRS and Other Financial Measures (Key Performance Indicators)" in Sucro's Q4 2025 MD&A for further details which is      incorporated by reference herein and available for viewing and download on SEDAR+ at www.sedarplus.ca.2. Net of cash settlements."Our performance in 2025 reflects Sucro's integrated model, leveraging its capabilities throughout the supply chain.  We increased volumes significantly across our network, particularly through wholesale trading and origin flows, and continued to optimize our integrated platform balancing refining, trading, and logistics to capture opportunities wherever they emerged" said Jonathan Taylor, Founder and Chief Executive Officer of Sucro. "Operationally, we also made substantial progress, including reduced SG&A and interest expense despite higher activity levels; improved working capital efficiency and reduced balance sheet intensity; and we continued to execute on two major refinery builds."Taylor added, "We are incredibly proud of starting up both of our new refineries on the original projected time lines. The Hamilton refinery opened at the end of 2025, and the University Park refinery initiated its first sugar production a few weeks ago. These new assets will enable significant growth in refined sugar production across North America in the coming years."Results from Operations – Three Months Ended December 31, 2025Customer sugar deliveries increased by 47.0% from 154,773 MT for the quarter ended December 31, 2024, to 227,447 MT for the corresponding 2025 period, driven by wholesale volumes of both conventional and organic sugar in the U.S. and Canada, conventional sugar deliveries in the Caribbean market, and bulk raw sugar sales at origin.While volumes increased significantly, margins, especially in our U.S. wholesale operations, continued to compress, reflective of market conditions.  Adjusted Gross Profit decreased to $9.1 million for the quarter ended December 31, 2025, from $11.9 million for the corresponding 2024 period.  This decrease was driven by lower margins in our Mexican operation (reflective of the market-driven nature of our wholesale business in this geography) and our refining operation in Hamilton, Ontario during the last quarter of 2025, where we used higher priced raw sugar acquired during prior periods to fulfill lower priced contracts priced to reflect lower world market sugar prices prevalent at the time. Adjusted EBITDA was $3.4 million for the quarter ended December 31, 2025, compared with $6.6 million for the corresponding 2024 period, a 48.0% decrease, mainly driven by a decrease in Adjusted Gross Profit for the quarter.  EBITDA was $11.3 million for the quarter ended December 31, 2025, compared with $0.9 million for the corresponding period in fiscal 2024, driven primarily by higher unrealized mark-to-market gains on commodity forward contracts.  This difference was due to both the growth of forward contract volumes and booked margins in the last quarter of 2025 (for deliveries in 2026 and 2027) and the absence in 2025 of a mark-to-market loss on inventory values that occurred in the last quarter of 2024.Refined sugar deliveries from our own refineries were essentially unchanged at 44,561 MT in the three months ended December 31, 20235, from 44,534 MT in the corresponding 2024 period.  Adjusted gross profit margins per metric ton on these volumes decreased by 11.4% from $140.56 per MT in the three months ended December 31, 2024, to $124.55 per MT in the corresponding 2025 period. While volumes held constant, margins, especially in our U.S. wholesale operations, continued to compress, reflective of market conditions.Results from Operations – Twelve Months Ended December 31, 2025For the year ended December 31, 2025, customer deliveries increased by 29.0%, from 649,747 MT in 2024 to 838,607 MT in 2025, primarily due to greater wholesale volumes of conventional sugar in the U.S., as well as by higher bulk raw sugar sales at originAdjusted Gross Profit and Adjusted Gross Profit Margin was $49.5 million and 7.4%, respectively, for the twelve months ended December 31, 2025, compared with $56.6 million and 8.6% for the corresponding 2024 period.  With refinery operations relatively stable year-over-year, the decrease in Adjusted Gross Profit was driven by lower wholesale organic sugar deliveries in the U.S., due to the absence of large bulk sales during the year (a trend that we expect will be reversed in 2026), and a decrease in volumes and margins in our operation in Mexico, reflective of the market-driven nature of our wholesale business in this geography. Likewise, the reduction in Adjusted Gross Profit Margin in 2025 was due to tariffs imposed on U.S. sugar imports not being fully recovered in sugar prices, as well as higher factory overhead and depreciation expense.Adjusted EBITDA was $30.9 million for the year ended December 31, 2025, compared with $34.1 million for 2024, a 9.4% decrease, mainly because of lower average prices and conventional sugar margins in the U.S. (reflective of market conditions driven by excess supply), and a volatile U.S. tariff environment where Sucro paid out approximately $8.9 million in tariffs, not fully recovered through price increases.EBITDA was $64.9 million for the twelve months ended December 31, 2025, compared with $61.7 million for the corresponding 2024 period, a 5.1% increase.  Likewise, net income for the twelve months ended December 31, 2025, amounted to $41.0 million, an increase of $16.8 million, or 69.3%, when compared to net income of $24.2 million for the twelve months ended December 31, 2024.  These increases were driven primarily by lower deferred income tax expense and higher unrealized mark-to-market gains on commodity forward contracts and inventories.Awards of Restricted Share UnitsThe Company announced today that, subject to regulatory approval, it has awarded restricted share units ("RSUs") pursuant to its Omnibus Equity Incentive Plan. The Company has awarded 33,731 RSUs to non-executive directors and officers of Sucro and its subsidiaries under the Company's Omnibus Equity Incentive Plan. The RSUs awarded all vest after a one-year period.Annual MeetingThe Company has called an annual and special meeting of shareholders to be held virtually via webcast on Friday May 29, 2026 at 8:30 am EDT.Q4 2025 Investor CallThe Company will host a conference call on Thursday April 16, 2024, at 10:00 am Eastern time during which Jonathan Taylor, Founder and Chief Executive Officer, and Stefano D'Aniello, Chief Financial Officer, will discuss Sucro's financial performance for the fourth quarter and year ended December 31, 2025.



Date:                 Thursday, April 16, 2026



Time:                 10:00 am ET    



Conference Call:   Toll-Free          (800) 836 8184




Local (GTA)      (646) 357 8785




Please dial in at least five minutes before the call begins.









Replay:               Available through April 30, 2026



Replay Access:     Toll-Free          (888) 660 6345




Local (GTA)      (646) 517 4150




Passcode          84570 #About SucroSucro is a growth-oriented sugar trader and refiner that operates throughout the Americas, with a primary focus on serving the North American sugar market. The Company operates a highly integrated and interconnected sugar supply business, utilizing the entire sugar supply chain to service its customers. Sucro's integrated supply chain includes sourcing raw and refined sugar from countries throughout Latin America, and refined sugar from its own refineries, and delivering to customers in North America and the Caribbean. Since its inception in 2014, Sucro has achieved growth by creating value for customers through continuous process innovation and supply chain re-engineering. Sucro has established a broad production, sales, and sourcing network throughout North America with two cane sugar refineries and an additional value-added processing facility, and three cane sugar refineries, including two recently opened sugar cane refineries in Hamilton, Ontario and University Park, Illinois (a suburb of Chicago). The Company has offices in Miami, Mexico City, Cali, Sao Paulo, and Port of Spain. For more information, visit sucro.us and follow us on LinkedIn.Non-IFRS and Other Financial MeasuresIn this Press Release, reference is made to the following non-IFRS measures: "EBITDA", "Adjusted EBITDA", "Adjusted Gross Profit", "Adjusted Gross Profit Margin", "Adjusted Gross Profit Per Metric Ton Delivered", and "Free Cash Flow". Such non-IFRS financial measures are not standardized financial measures under International Financial Reporting Standards ("IFRS") and might not be comparable to similar financial measures disclosed by other issuers. For details on the composition and a reconciliation between such non-IFRS measures and the most directly comparable financial measure in our financial statements, please refer to the "Non-IFRS and Financial Measures (Key Performance Indicators)" section in our MD&A dated April 16, 2026 and filed on SEDAR+ at www.sedarplus.ca, which is specifically incorporated by reference herein.Forward-Looking StatementsThis Press Release contains "forward-looking information" and "forward-looking statements" (collectively, "forward-looking information") within the meaning of applicable Canadian securities laws.  Forward-looking information may relate to our future financial outlook and anticipated events or results and may include information regarding our financial position, business strategy, growth strategies, addressable markets, budgets, operations, financial results, taxes, dividend policy, plans and objectives.  Particularly, information regarding our expectations of future results, performance, achievements, prospects or opportunities or the markets in which we operate is forward-looking information.  In some cases, forward-looking information can be identified by the use of forward-looking terminology such as "annualized", "plans", "targets", "expects", "does not expect", "is expected", "an opportunity exists", "budget", "scheduled", "estimates", "outlook", "forecasts", "projection", "pro forma", "prospects", "strategy", "intends", "anticipates", "does not anticipate", "believes", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "would", "might", "will", "will be taken", "occur" or "be achieved", or the negative of these terms, or other similar expressions intended to identify forward-looking statements.  In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information.  Statements containing forward-looking information are not historical facts but instead represent management's expectations, estimates and projections regarding future events or circumstances.This forward-looking information includes, among other things, statements relating to: our expectations for our new Hamilton and University Park refineries recently opened and execution of our long-term growth plans and our expected reversal of the lower large bulk wholesale organic sugar deliveries experienced in the U.S. in fiscal 2025.  This forward-looking information and other forward-looking information are based on our opinions, estimates and assumptions in light of our experience and perception of historical trends, current conditions and expected future developments, as well as other factors that we currently believe are appropriate and reasonable in the circumstances.  Despite a careful process to prepare and review the forward-looking information, there can be no assurance that the underlying opinions, estimates and assumptions will prove to be correct.  Certain assumptions include: revenue; our ability to build our market share; our ability to complete our proposed new refineries on time and on budget and with the anticipated processing capacity; our ability to retain key personnel; our ability to maintain and expand geographic scope; our ability to execute on our expansion plans; our ability to continue investing in infrastructure to support our growth; our ability to obtain and maintain existing financing on acceptable terms; currency exchange and interest rates; the impact of competition; our ability to respond to any changes and trends in our industry or the global economy; and the changes in laws, rules, regulations, and global standards are material factors made in preparing forward-looking information and management's expectations. Forward-looking information is necessarily based on a number of opinions, estimates and assumptions that, while considered to be appropriate and reasonable as of the date of this Press Release, are subject to known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, level of activity, performance or achievements to be materially different from those expressed or implied by such forward-looking information, including, but not limited to, our ability to maintain and renew licenses and permits; fluctuations in the price of sugar that we purchase, process and sell; development of new or expansion of our existing refineries may experience cost-overruns and/or delays and actual costs, operational efficiencies, production volumes or economic returns may differ materially from the Company's estimates and variances from expectations; disruptions to our supply chains as a result of outbreaks of illness, geopolitical events or other factors; inflation and rising interest rates; the risk of unhedged trading positions and counterparty defaults; a significant portion of our current credit facility is uncommitted and requests for additional advances may be refused; the impact of new and threatened U.S. trade policies; elimination or significantly reduction of protective duties relating to foreign sugar imports; our limited operating history and our recent growth may not be indicative of our future growth; dependence on management's ability to implement its strategy; risks of early stage companies;  competitive risks; our dependence on a small number of key persons; demands of growth on our management and our operational and financial resources; and the other risk factors discussed in greater detail under "Risk Factors" in the Company's MD&A and annual information form ("AIF") dated April 18, 2024 and filed on SEDAR+ at www.sedarplus.ca, which section of the AIF is specifically incorporated by reference herein.The above-mentioned factors should not be construed as exhaustive.  If any of these risks or uncertainties materialize, or if the opinions, estimates or assumptions underlying the forward-looking information prove incorrect, actual results or future events might vary materially from those anticipated in the forward-looking information. Prospective investors should not place undue reliance on forward-looking information, which speaks only as of the date made.  The forward-looking information contained in this Press Release represents our expectations as of the date of this Press Release (or as of the date they are otherwise stated to be made) and is subject to change after such date.  However, we disclaim any intention or obligation or undertaking to update or revise any forward-looking information whether as a result of new information, future events or otherwise, except as required under applicable securities laws. For additional information, readers should also refer to our MD&A, AIF and other information filed on www.sedarplus.ca.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.SOURCE Sucro Limited

Original: Sucro Announces Fourth Quarter and Year-End 2025 Results

Perhaps some dd req.....Mkt cap reportedly 25 mil






Credits to https://ceo.ca/sugr?5318d1a751bc
NorthernLight786 As per prospectus- As more fully described in the below table, the Corporation intends to use the net proceeds from the Offering
for additional processing and production equipment purchases, facility upgrades, further new product
development, working capital and general corporate purposes, including the national launch of the
Corporation's expanded portfolio of Cannabis 2.0 products. While the Corporation currently intends to use
the net proceeds from the Offering for the purposes set out herein, the ultimate allocation of such proceeds
and the timing of their expenditure will depend upon the prevailing business opportunities and conditions
and unforeseen events which have been amplified since the beginning of the COVID-19 pandemic. The
Corporation will have discretion to use the net proceeds differently than as described herein, if the
Corporation believes it is in its best interests to do so. The amounts and timing of the Corporation's actual
expenditures depend on numerous factors. Pending the use of the proceeds described herein, the
Corporation may hold or invest all or a portion of the proceeds of the Offering in interest bearing bank
accounts and the funds may be added to the working capital of the Corporation. There may be
circumstances where, for sound business reasons, a reallocation of funds may be necessary. See "Risk
Factors".
Principal Purposes(1)
Approximate Use of
Net Proceeds
Cultivation capacity expansion(2) $150,000.00
Processing and production equipment purchases and facility enhancements(3) $450,000.00
Cannabis 2.0 capacity(4) $230,000.00
New product development(5) $350,000.00
Sales, marketing and brand development expenses for 2021(6) $750,000.00
Other G&A expenses, working capital and other general corporate purposes(7) $1,590,186.00
Total $3,520,186.00
Notes:
(1) The principal purposes are described in further detail in “Description of the Business – Production and Services –
Cultivation” of the AIF, as supplemented and updated in the “Operating and Financial Update” section of the Interim
MD&A. The amounts included in this table are approximate estimates based on information available to the
Corporation as of the date hereof and include, where applicable, early stage quotes from third parties for the
anticipated initiatives. Although the Corporation believes its budgeted allocations are reasonable, the actual
amounts expended by the Corporation on such initiatives and the components thereof may be different than what
has been provided herein. The assumptions underlying these estimates include, the cost of labour and services,
the ability to engage the required service providers on a timely basis and limited cost and time overruns. These
assumptions are subject to the same risks applicable to the Corporation, see “Risk Factors”.
(2) Capital expenditures related to acquiring and installing capital assets at Phase 1a of the Facility which will be
incurred by the end of the second quarter of 2021.
(3) In order to increase operational efficiency, the Corporation plans to implement automation of certain manufacturing
processes, purchase processing equipment and make facility enhancements to the Facility, all of which are
anticipated to be put in place by the end of the second quarter of 2021.




@NorthernLight786 (4) Associated with the packaging and labeling equipment necessary to complete the final production of Cannabis 2.0
products in 2021.
(5) Product development initiatives include expanding the Corporation’s Craft Cannabis Collection, including dried
flower offerings, pre-rolls, vape cartridges, flower rosin and other concentrate and edibles offerings.
(6) The main components of sales, marketing and brand development initiatives are digital paid media and in-store
trade marketing. The other components include: search engine optimization, consumer knowledge sessions, social
media management and outreach, budtender education sessions, email campaigns and retail data access fees.
(7) Includes salary and benefits, professional fees including legal, auditing and tax, costs associated with public listing,
regulatory, investor relations and public relations, business and corporate development, travel expenses, office
rent, operating and information technology costs, director compensation and director's and officer's insurance
premiums. The Corporation expects that this amount will be used to fund these expenses for a period of
approximately 12 to 18 months. The Corporation expects to incur additional expenses of this nature over this period
which is anticipated to be funded from existing working capital and anticipated revenues from early pre-commercial
product sales.

Turning chart. Steez gor in big time. Go sugar

Sugarbud Announces Supply Agreement with British Columbia Liquor Distribution Branch


October 26, 2020 07:00 ET | Source: Sugarbud Craft Growers Corp.
CALGARY, Alberta, Oct. 26, 2020 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.DB) ("Sugarbud" or the "Company") is pleased to announce that it has signed a definitive supply agreement with British Columbia Liquor Distribution Branch ("BCLDB") for the sale and distribution of Sugarbud’s Craft Cannabis Collection to private and public cannabis retailers in British Columbia. Sugarbud is now authorized to sell its products directly throughout Western Canada in British Columbia, Alberta and Saskatchewan.

BCLDB is responsible for the wholesale distribution of non-medical cannabis to private retailers and is the public retailer of non-medical cannabis throughout the province, under the brand BC Cannabis Stores.

“We are delighted that Sugarbud's Craft Cannabis Collection will now be available in British Columbia and across Western Canada,” stated Sugarbud's CEO, John Kondrosky. “With well over 800 private and public retail locations now operating across BC, Alberta and Saskatchewan, we now have access to Canada’s largest retail cannabis network and consumer access to legal cannabis,” concluded Mr. Kondrosky.

Initial purchase orders and shipments of Sugarbud's Craft Cannabis Collection to the BCLDB are expected to occur in November 2020.

About Sugarbud

Sugarbud is an Alberta-based, consumer-driven craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products. Our vision and mission are to become a trusted and well-respected consumer brand renowned for providing exceptional high-quality craft cannabis products to legal markets by delighting the most discerning of cannabis consumers. http://www.sugarbud.ca/

John Kondrosky
Chief Executive Officer
Sugarbud Craft Growers Corp.
Phone: (604) 499-7847

PRESS RELEASE
Sugarbud Announces Completion of Rights Offering
By
Published: Dec 27, 2019 7:00 a.m. ET

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CALGARY, Dec. 27, 2019 (Canada NewsWire via COMTEX) -- Sugarbud Craft Growers Corp. (SUGR)(SUGR.WT) ("Sugarbud") is pleased to announce the completion of its previously announced rights offering (the "Rights Offering") to holders ("Shareholders") of common shares of Sugarbud ("Common Shares"). Under the Rights Offering, Shareholders subscribed for and purchased an aggregate of 16,272,075 units (each, a "Unit"), at a price of $0.055 per Unit, resulting in gross proceeds to Sugarbud of $894,964. Each Unit consists of one Common Share and one Common Share purchase warrant (each, a "Warrant"). The Warrants are governed by a warrant indenture agreement between Sugarbud and Computershare Trust Company of Canada (the "Indenture"). In accordance with, and subject to the terms and conditions of, the Indenture, each Warrant entitles the holder thereof to purchase one Common Share at a price of $0.10 until December 20, 2021, subject to early expiry in the event that the 5-day volume weighted average trading price of the Common Shares equals or exceeds $0.125.

Following the completion of the Rights Offering, Sugarbud has 393,668,532 Common Shares outstanding.


Sugarbud will use the proceeds of the Rights Offering to further develop its high capacity state-of-the-art vertical cannabis cultivation facility in Stavely, Alberta and for general working capital purposes.

"We are grateful for the support shown by our shareholders during the rights offering and look forward to a very exciting and productive 2020 as we begin to rapidly scale up our commercial efforts," stated Sugarbud CEO, John Kondrosky. "We continue to execute well against a very disciplined capital spending and commercial plan that remains focused on maximizing value through the near-term expansion of cultivation capacity and production of exceptional dry cannabis flower products which we expect will begin to generate sustainable positive cash flow by late Q3 2020," Mr. Kondrosky added.

Sugarbud also announces that, pursuant to the terms and conditions of its stock option plan, it has cancelled a total of 6,750,000 Options granted to certain directors of Sugarbud. The cancelled Options were voluntarily surrendered by the holders thereof for no consideration. The exercise prices of the cancelled Options ranged from $0.10875 to $0.185 per Common Share.

Sugarbud Announces Financial & Operating Results for Third Quarter 2019 and Intention to be Cash Flow Positive in Third Quarter of 2020
Sugarbud Craft Growers Corp. (CNW Group/SugarBud Craft Growers Corp.)
NEWS PROVIDED BY
SugarBud Craft Growers Corp.
Nov 28, 2019, 20:37 ET
CALGARY, Nov. 28, 2019 /CNW/ - Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.RT) ("Sugarbud" or the "Company") is pleased to announce the filing of its unaudited condensed consolidated interim financial statements ("Financial Statements") for the three and nine months ended September 30, 2019 ("Q3 2019") and related management's discussion and analysis ("MD&A"), which are available on SEDAR at www.sedar.com and on Sugarbud's website at www.sugarbud.ca.

"Q3 2019 was a productive and pivotal period for Sugarbud," stated John Kondrosky, Sugarbud CEO. "In addition to receiving our cultivation, processing and medical licenses from Health Canada, we completed the transfer and receipt of our starting material under our declaration to Health Canada and began cultivation activities in our purpose built 29,800 square-foot facility in Stavely, Alberta which, at full production, currently has an estimated annual production design capacity of between 9.9 and 11.7 million grams."

"We are pleased with the quality and variety of the cultivars we have received and while we held back production a little longer than we would have liked in order to complete our incoming quality inspections, we remain on track to deliver a strong first harvest, which we now expect will occur in early Q1," continued Mr. Kondrosky.

During the quarter the company also announced two cornerstone supply agreements that combined represent 1,700,000 grams of committed dried cannabis supply in 2020 or approximately 72% of the total estimated initial production capacity of Sugarbud's two fully licensed cultivation rooms in 2020. At full production capacity, these two rooms have a design capacity to produce an estimated 3.3 to 3.9 million grams annually.

"In addition to a clear line of sight to first revenue, we continue to take meaningful steps to strengthen our balance sheet and control operating expenses as we focus on scaling up our business. We have identified and are executing against a very controlled and balanced capital expansion plan that supports sustainable growth and maximizes return on investment," Mr. Kondrosky added.

The Company has several facility buildout options which it can deploy, however the current strategy; which is focused on achieving near term capacity expansion and generating sustainable positive cash flow by late Q3 2020, will see Phase 1a expanded primarily through additional HVAC in cultivation rooms 1 and 2 which are already licensed. The capital budget required to complete this expansion is estimated to be approximately $2.5 million and the Company is working towards financing a significant portion of this through previously announced equipment leasing arrangements.

The company also recently announced the close of a $925,000 private placement, of which management and board members took up 47%, and the launch of a $5 million rights offering.

Pursuant to the Rights Offering, each holder ("Eligible Holder") of Common Shares as of the Record Date that is a resident in any province of territory of Canada (other than Québec) (the "Eligible Jurisdictions") will receive one transferable right (each, a "Right") for every Common Share held. Every four Rights will entitle the holder to purchase one Unit at a price of $0.0550 until 4:00 p.m. (Calgary time) on the expiry date of December 20, 2019 (the "Expiry Date"), after which all outstanding Rights will terminate. Each Unit will be comprised of one Common Share and one Warrant. The Warrants issued pursuant to the Rights Offering will be on the same terms as those issued pursuant to the Private Placement, including early expiry upon the VWAP equaling or exceeding $0.125. Subscribers of Units under the Private Placement will have a right to participate in the Rights Offering with respect to any Common Shares acquired pursuant to the Private Placement.

There will be no additional subscription privilege and no standby commitment in respect of the Rights Offering. The completion of the Rights Offering will not be subject to Sugarbud receiving any minimum amount of subscriptions from Eligible Holders.

Sugarbud Announces Private Placement, Non-Dilutive Capital Equipment Financing and Rights Offering
SugarBud Craft Growers Corp. (CNW Group/SugarBud Craft Growers Corp.)
NEWS PROVIDED BY
SugarBud Craft Growers Corp.
Nov 15, 2019, 07:00 ET
/NOT FOR DISTRIBUTION OR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW./

CALGARY, Nov. 15, 2019 /CNW/ - Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) ("Sugarbud") is pleased to announce a non-brokered private placement (the "Private Placement") for gross proceeds of $925,000 and the execution of an agreement in respect of non-dilutive equipment financing arrangements (the "Capital Equipment Financing"). Sugarbud is also pleased to announce a rights offering (the "Rights Offering") to holders of common shares ("Common Shares") of Sugarbud as of November 25, 2019 (the "Record Date") for proceeds of up to approximately $5.2 million.

"Despite very challenging market conditions, we continue to make good progress with our overall capital financing efforts to fuel our expansion and strengthen our balance sheet, stated Sugarbud CEO, John Kondrosky. We remain mindful of overall shareholder value and continue to approach our capital funding requirements in a measured and balanced manner. Combined with a strong insider lead Private Placement, significant non-dilutive Capital Equipment Financing and the planned Rights Offering, Sugarbud is well positioned to drive meaningful progress and sustainable growth heading into 2020", added Mr. Kondrosky.

Pursuant to the Private Placement, Sugarbud will issue 18,500,000 units ("Units") of Sugarbud at a price of $0.05 per Unit, for total proceeds of $925,000. Each Unit will be comprised of one Common Share and one Common Share purchase warrant (each, a "Warrant"). Each Warrant will entitle the holder to purchase one Common Share at a price of $0.10 for a period of two years from the date of issuance, subject to early expiry in the event that the 5-day volume weighted average trading price of the Common Shares ("VWAP") equals or exceeds $0.125.

The Common Shares and Warrants will be subject to a four month hold period under applicable securities laws in Canada. The Private Placement is fully subscribed and committed and is expected to close on or before November 18, 2019, subject to customary closing conditions, including the approval of the TSX Venture Exchange (the "TSXV").

Due to the participation of directors, officers and other insiders of Sugarbud, who are related parties of Sugarbud pursuant to Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"), the Private Placement will constitute a "related party transaction" within the meaning of MI 61-101. In its consideration and approval of the Private Placement, the board of directors of Sugarbud determined that the Private Placement was exempt from the formal valuation and minority approval requirements of MI 61-101 on the basis that the fair market value of the Private Placement to related parties did not exceed 25% of the market capitalization of Sugarbud, in accordance with Sections 5.5 and 5.7 of MI 61-101.

Pursuant to the Capital Equipment Financing, Sugarbud has the opportunity to utilize equipment financing to advance the final build out and full scale-up of two existing cultivation rooms and one new room. Under the terms of the agreement, Grand HVAC will provide Sugarbud with $0.4 million in immediate vendor lease back funds for capital equipment already deployed at the Company's cultivation facility in Stavely, Alberta (the "Stavely Facility"). The agreement has a six-year term and includes the option to buyout the equipment. The Capital Equipment Financing allows the Company to better utilize the collateral value associated with its Stavely Facility.

The Company is pursuing similar financing terms for the acquisition of additional HVAC, lighting and racking equipment associated with the final scale-up of the two licensed cultivation rooms Phase 1a and the first new cultivation room within Phase 1b. Such lease financing would allow the Company to fund approximately 75% ($2.2 million) of the $3.0 million estimated costs associated with the buildout.

Upon completion of this near-term capital expansion plan, Sugarbud estimates that it will have a dried cannabis production design capacity of approximately 4,150,550 – 5,836,800 grams annually. Sugarbud expects the final scale up of Phase 1a to be complete prior to starting their second harvest cycle in early Q1 2020 and the additional cultivation room in Phase 1b to be complete and fully licensed by Q3 of 2020.

Please click here to access and view an updated version of the Company's corporate presentation.

Pursuant to the Rights Offering, each holder ("Eligible Holder") of Common Shares as of the Record Date that is a resident in any province of territory of Canada (other than Québec) (the "Eligible Jurisdictions") will receive one transferable right (each, a "Right") for every Common Share held. Every four Rights will entitle the holder to purchase one Unit at a price of $0.0550 until 4:00 p.m. (Calgary time) on the expiry date of December 20, 2019 (the "Expiry Date"), after which all outstanding Rights will terminate. Each Unit will be comprised of one Common Share and one Warrant. The Warrants issued pursuant to the Rights Offering will be on the same terms as those issued pursuant to the Private Placement, including early expiry upon the VWAP equaling or exceeding $0.125. Subscribers of Units under the Private Placement will have a right to participate in the Rights Offering with respect to any Common Shares acquired pursuant to the Private Placement.

There will be no additional subscription privilege and no standby commitment in respect of the Rights Offering. The completion of the Rights Offering will not be subject to Sugarbud receiving any minimum amount of subscriptions from Eligible Holders.

The Rights Offering will be made in the Eligible Jurisdictions and in such other jurisdictions where Sugarbud is eligible to make such offering. Details of the Rights Offering will be described in the rights offering circular (the "Rights Offering Circular"), which will be filed on Sugarbud's profile on the SEDAR website on the Record Date.

Subject to the receipt of final approval from the TSXV, the Common Shares are expected to commence trading on the TSXV on an ex-Rights basis at the opening of business on November 22, 2019. This means that Common Shares purchased on or following November 22, 2019 will not be entitled to receive Rights under the Rights Offering. At that time, the Rights are expected to be posted for trading on a "when issued" basis on the TSXV under the symbol "SUGR.RT". Trading of the Rights is expected to continue until 10:00 a.m. (Calgary time) on the Expiry Date.

All shareholders of Sugarbud as of the Record Date will be offered Rights. Accordingly, up to 94,349,114 Common Shares and up to 94,349,114 Warrants will be subscribed for under the Rights Offering. Only Eligible Holders will be issued and forwarded certificates representing the number of Rights they are entitled to ("Rights Certificates").

Registered shareholders wishing to exercise their Rights must forward the completed Rights Certificates along with the applicable funds to the depositary for the Rights Offering, Computershare Trust Company of Canada, by 4:00 p.m. on the Expiry Date. Shareholders who own their Common Shares through an intermediary, such as a bank, trust company, securities dealer or broker, will receive materials and instructions from their intermediary.

The Rights Offering notice will be delivered to all shareholders of Sugarbud as of the Record Date. Rights Certificates will not be issued and forwarded to holders of Common Shares not resident in the Eligible Jurisdictions.

Completion of the Rights Offering is subject to receiving all necessary regulatory approvals, including, but not limited to, final approval from the TSXV.

Sugarbud will raise gross proceeds of up to approximately $5.2 million pursuant to the sale of Common Shares and Warrants under the Rights Offering, assuming 100% participation. Sugarbud will use the proceeds of the Private Placement, Capital Equipment Financing and Rights Offering to further develop its high capacity state-of-the-art vertical cannabis cultivation facility in Stavely, Alberta and for general working capital purposes.

CALGARY, Alberta, Sept. 03, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) ("SugarBud" or the "Company") is pleased to announce that it has received cultivation, processing and medical sales licenses (the “Licenses”) from Health Canada in respect to “Phase 1A” of the Company’s fully constructed, state-of-the-art 29,800 square-foot vertical cannabis cultivation facility in Stavely, Alberta.

Operating Update

The newly licensed “Phase 1A” area of the Stavely facility includes two dedicated flower rooms and all the necessary auxiliary rooms to support an estimated annual cultivation design capacity of approximately 3,300,000 – 3,890,000 grams per year at full scale production. SugarBud will immediately commence cultivation and expects to complete its initial two harvests in December 2019, after which SugarBud intends to submit an application to Health Canada to amend the Licenses to permit cultivation in the remaining six flower rooms in Phase 1 of the facility. At full operational levels, with four layers of flowering canopy, the estimated total cultivation design capacity for Phase 1 is expected to be approximately 13,230,000 – 15,565,000 grams per year. SugarBud expects to begin construction on Phase 2 of the facility in 2020. At full scale the facility is expected to occupy approximately 98,000 square-feet of floor space encompassing core production activities such as cultivation, extraction, processing, genetic breeding, research and development, product development, packaging and distribution. Upon completion of Phase 2, SugarBud estimates that the Stavely facility will have a total cultivation design capacity of approximately 33,075,000 - 38,912,000 grams of premium cannabis annually. Phase 1 is estimated to cost approximately $22.2 million with four layers of flowering canopy. Of this amount, approximately $11.7 million remains to be deployed to complete Phase 1 of the facility. The Company must access additional capital funding to complete Phase 1 through a combination of debt, equity and convertible securities. The Company will commence construction of Phase 2 when capital permits.

Mr. John Kondrosky, Chief Executive Officer of SugarBud, stated: “Receipt of our Licenses from Health Canada is a pivotal milestone for the Company and a major catalyst for our business. I would like to personally thank each and every member of the SugarBud team, including our consultants, for their diligence, effort and commitment over the past year. It was a tremendous effort by everyone involved. As a premium product provider, focused on quality, product leadership and customer satisfaction, we believe that the heart and soul of everything we do starts with what we grow. We cannot wait to officially launch that mission and deliver on that promise. I would like to take this opportunity to thank our investors and shareholders for their ongoing support as we continue to execute on our high-impact business plan.”

Corporate Update

SugarBud is pleased to announce the appointment of Mr. Bradley K. Giblin CA, CFA as Vice President of Finance and Chief Financial Officer of the Company effective September 9th, 2019. Mr. Giblin has more than 18 years of experience in finance, business development, corporate strategy and accounting roles. Mr. Giblin holds Chartered Professional Accountant (CPA CA) and Chartered Financial Analyst (CFA) designations. Prior to SugarBud, Mr. Giblin was Chief Financial Officer of Mount Bastion Oil and Gas Corp., a high growth energy company that was acquired by Surge Energy Inc. for $320 million, a 2x return on investment in a two-year timeframe. Mr. Giblin also led a successful IPO of Maha Energy Inc. on the First North Nasdaq market in Sweden, as well as performing other high impact roles as Chief Financial Officer in publicly traded, start-up companies. Mr. John Kondrosky stated: "Brad brings tremendous experience and leadership to a critical role for SugarBud and I am very pleased to welcome him to our team.”

SugarBud would like to announce that Mr. Craig Kolochuk, co-founder, President and a Director of the Company, has for personal reasons, stepped down as President and a Director effective today. However, Mr. Kolochuk will continue to contribute to the organization as a Special Advisor to the Company on matters of business development, corporate strategy and mergers and acquisitions. Mr. Kondrosky will assume the role of President in the interim.

“Craig has done a phenomenal job in his time at SugarBud following the February 2018 recapitalization of the Company overseeing the construction of the Stavely facility and preparing SugarBud for licensing. I look forward to working closely with Craig in his new capacity to advance SugarBud's vision and mission as we enter a new and critical phase of our growth,” said Mr. Kondrosky.

Mr. Dan Wilson, Chairman of the Board of Directors of SugarBud, stated: "The management team of SugarBud, led by Craig Kolochuk, have been instrumental in positioning the Company to receive its Licenses from Health Canada. SugarBud will continue to benefit from Craig's experience in building high-growth, publicly traded companies.”

About SugarBud

SugarBud is a federally licensed Alberta-based publicly traded cannabis company focused on the cultivation and production of high-quality premium cannabis, and product leadership through the development, production and distribution of value-added cannabis products in Canada.

John Kondrosky
Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (604) 499-7847
E-mail: johnk@sugarbud.ca Dan Wilson
Interim Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 874-9862
E-mail: danw@su

SUGR V.SUGR | 25 minutes ago Canada NewsWire VANCOUVER, Aug. 30, 2019 VANCOUVER, Aug. 30, 2019 /CNW/ - The following issues have been halted by IIROC: Company: Sugarbud Craft Growers Corp. TSX-Venture Symbol: SUGR (All Issues) Reason: At the Request of the Company Pending News Halt Time (ET): 12:57 PM IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada. SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions image: https://rt.newswire.ca/rt.gif?
Read more at https://stockhouse.com/companies/bullboard#WQphrqqMwcwVgFuk.99

August 02, 2019 22:25 ET | Source: SugarBud Craft Growers Corp.
CALGARY, Alberta, Aug. 02, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (TSXV:SUGR, SUGR.WT) ("SugarBud" or the "Company") is pleased to provide a comprehensive update on the progress of the Stavely, AB facility construction, licensing status and corporate developments, including management changes.

Construction and Licensing Update

Stavely, AB Facility

Construction of Phase 1a of our 30,000-square-foot Stavely indoor facility is now substantially complete and fully occupied. Phase 1a includes 2 dedicated flower rooms with a combined annual cultivation design capacity of between 3,300 – 3,890 kg per year. Regulatory approval for Phase 1a is expected to occur in Q3 2019. Our operating team in Stavely is currently engaged in the final site preparations necessary to support our initial scale up cultivation activities following receipt of our license.

“We are pleased with the progress that our operational and regulatory teams are making in preparation for our initial scale up activities. The teams continue to execute against our plan very well and we remain confident that we are on track to receive our initial cultivation license in Q3 of this year,” said John Kondrosky, Chief Executive Officer of SugarBud.

SugarBud is also in the process of finalizing plans to complete the final fit out and licensing of the remaining 6 flower rooms at the Stavely Facility. Phase 1b and 1c encompass 3 additional flower rooms each, which will further expand the facility's cultivation design capacity by an additional 9,930 – 11,674 kg. At full operational levels the total facility cultivation design capacity for Phase 1 is expected to be between 13,230 – 15,565 kg per year.

Primary construction of these additional 6 rooms is complete and the remaining fit out will encompass the final installation of our vertical racking, irrigation, HVAC, environmental control and lighting systems. SugarBud plans to submit the license amendments for Phase 1b and 1c in early Q1 of 2020.

Corporate Update

Jeff Swainson, SugarBud's Chief Financial Officer, has made a personal decision to step down from his position effective as of today. SugarBud's Chairman, Dan Wilson, will assume the role of interim CFO. John Kondrosky, stated, "We are incredibly grateful for the leadership and many contributions Jeff has made to the success of SugarBud up to this point and we wish Jeff nothing but the best in his future endeavors.”

Mr. Joseph Dietrich has resigned as a director of SugarBud as of today but will continue to contribute to the organization as a Special Advisor. Chairman, Dan Wilson, stated “We would like to take this opportunity to thank Joseph for all of his hard work and contributions to SugarBud as a member of the Board of Directors, and look forward to working with Joseph in his new capacity to advance the SugarBud vision and mission.”

SugarBud is pleased to announce that Bob Lawrence has joined SugarBud as Vice President of Operations.

Mr. Lawrence joins SugarBud with more than 20 years of experience in the premium and craft segments of the highly regulated and competitive brewing industry. Prior to joining SugarBud, Mr. Lawrence was the Senior Vice President of Operations for the PEI Brewing Company. "As we continue to build and expand our team, we look for passionate and driven individuals that embody the SugarBud values and commitment to high-quality products and services," said John Kondrosky, Chief Executive Officer of SugarBud. "Operating efficiencies and discipline are critical to the success of SugarBud, and Bob’s demonstrated leadership and experience will most certainly have an immediate and positive impact on our operating results moving forward.”

SugarBud Craft Growers Corp. (CSE:SUGR) director Joseph Dietrich purchased a total of 300K warrants at an average price of $0.10 per warrant, on June 25 (100K warrants at $0.10 per warrant) and June 26 (200K warrants at $0.095 per warrant). Both transactions on the public market.

SugarBud Completes Corporate Rebrand and Launch of New Website and Announces Attendance at The Lift & Co. Cannabis Expo June 7-9, 2019
SugarBud Craft Growers Corp. (CNW Group/SugarBud Craft Growers Corp.)
NEWS PROVIDED BY
SugarBud Craft Growers Corp.
Jun 06, 2019, 07:00 ET
TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, June 6, 2019 /CNW/ - SugarBud Craft Growers Corp. ("SugarBud" or the "Company") is pleased to announce the launch of its new brand identity and website, www.sugarbud.ca. This comprehensive rebrand elevates SugarBud and provides an identity as an emerging cannabis company into the Canadian marketplace.

The new logo is clean and modern and aligns with SugarBud's relentless commitment to quality. From the connoisseur to the curious, SugarBud plans to change the cannabis narrative.

SugarBud Logo (CNW Group/SugarBud Craft Growers Corp.)
SugarBud Logo (CNW Group/SugarBud Craft Growers Corp.)
SugarBud's new website features user access to updated investor information, including news releases, stock information, an in-depth look at what SugarBud and its team has accomplished in the last 18 months, and most importantly, what SugarBud plans to accomplish in the future. The new website will ultimately allow for the distribution of medical cannabis upon the receipt of sales license from Health Canada.

"The new SugarBud cube logo pays homage to the original craft logo which has been invaluable to SugarBud's identity in the market. We are proud of where we have come from as an Alberta cannabis company and are even more excited about where we are headed as a Canadian craft grower. In the near-term we are looking forward to the imminent receipt of our cultivation license from Health Canada, and thereafter the production, processing and distribution of ultra-premium bud," stated SugarBud's President and Chief Executive Officer, Craig Kolochuk.

SugarBud would like to thank Flipp Advertising Inc. for all their assistance in elevating SugarBud's brand to new heights.

SugarBud will showcase its new brand at the Lift & Co. Cannabis Expo June 7-9th, in Toronto, at booth 2209. Please come by our new booth for a visit!

About SugarBud

SugarBud is an Alberta-based publicly traded cannabis company engaged in the development, acquisition, production and distribution of cannabis in Canada.

SugarBud Announces Non-Dilutive Credit Facility and the Cancellation of Previously Announced Alumina Partners LLC Equity Facility
V.SUGR | 1 hour ago
TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, Alberta, June 05, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) announces that its subsidiary, 1800905 Alberta Ltd., as borrower, has entered into a secured non-dilutive credit facility with Pillar Capital Corp. (“Pillar”) for up to CDN $5,000,000 (the "Credit Facility").

The proceeds of the Credit Facility will be used by SugarBud to support working capital requirements and to continue to equip Phase 1 of its 29,800 square foot Stavely, Alberta indoor cannabis cultivation facility (“Phase 1 Stavely Facility”). The Phase 1 Stavely Facility is expected to be capable of approximately 13,926,000 to 16,384,000 grams of annual dried cannabis production per year once fully equipped and operational.

Craig Kolochuk, SugarBud’s President and Chief Executive Officer stated: “This non-dilutive credit facility allows us to continue the diligent execution of our business plan prior to the receipt of our cultivation license from Health Canada, which we view as a major milestone and catalyst. We expect to obtain our cultivation license imminently, as we received confirmation of readiness from Health Canada on April 18, 2019 and we submitted our affirmation of readiness package prior thereto.”

It is SugarBud’s intention to replace this Credit Facility with a larger credit facility from another senior financial institution (the “Senior Facility”) upon receipt of SugarBud’s cultivation license from Health Canada. SugarBud is currently in negotiations with a leading credit union based in Alberta (the “Credit Union”) regarding the Senior Facility. It is expected that the Senior Facility will either be held by the Credit Union alone, or in a syndicate led by the Credit Union.

The Credit Facility is guaranteed by SugarBud and its wholly owned subsidiary Trichome Holdings Corp. The first $2 million of the Credit Facility is available for drawdown at SugarBud’s discretion, with draws thereafter subject to approval by Pillar. The Credit Facility bears interest at 12.5% per annum, calculated monthly on the daily balance outstanding. In connection with the Credit Facility, SugarBud will issue 1,000,000 common share purchase warrants to Pillar. Each warrant will entitle Pillar to purchase one common share of SugarBud at a price of $0.16 for a period of five years. The warrants will be subject to a four month hold period.

The Credit Facility and the issuance of warrants to Pillar are subject to final approval of the TSX Venture Exchange.

The Company also announces that it has cancelled, at its discretion, the previously announced equity facility with Alumina Partners LLC. SugarBud would like to thank Alumina Partners LLC for their support through the Company’s growth to date.

About SugarBud

SugarBud is an Alberta-based emerging cannabis company engaged in the development, acquisition, production and distribution of cannabis in Canada.

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 https://stockhouse.com/companies/bullboard?symbol=v.sugr&postid=29799423#z6diHJtaY4oF3vc1.99

May 29, 2019 07:00 ET | Source: SugarBud Craft Growers Corp.
TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, Alberta, May 29, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) is pleased to announce the appointment of Mr. John Kondrosky as Chief Executive Officer and a director of the Company, effective June 14, 2019.

Mr. Kondrosky is an accomplished senior executive with over 25 years of experience leading complex global cannabis and medical life sciences organizations in the United States and Canada. Mr. Kondrosky most recently served as Chief Operating Officer of Zenabis Global Ltd. (“Zenabis”), one of Canada’s largest licensed producers of medical and adult use cannabis, from April 2018 until May 2019. During his tenure with Zenabis, Mr. Kondrosky was responsible for the rapid scale up and ongoing operational readiness of the indoor facilities to support a successful market entry into the legal adult recreational market in Canada. Zenabis currently operates three indoor cannabis cultivation facilities encompassing over 660,000 square feet and a combined cultivation design capacity of over 53,000 kgs per year.

Mr. Kondrosky also maintains CTLS security clearance as mandated by Health Canada as part of the Cannabis Act. Prior to his time at Zenabis, Mr. Kondrosky served as Vice President and General Manager of Pharmascience Inc., one of Canada’s largest generic drug manufacturers. Mr. Kondrosky has also held senior executive roles with DENTSPLY Sirona and C.R. Bard/Becton Dickinson. Mr. Kondrosky brings to SugarBud very relevant organizational leadership and operating experience within highly regulated market environments as well as proven success in general management, commercial strategy, global market development, R&D and new product development.

Following Mr. Kondrosky’s appointment on June 14, 2019, Mr. Craig Kolochuk, SugarBud’s current President and Chief Executive Officer, will continue as President, devoting his time to business development, mergers and acquisitions, production supply and SugarBud’s global presence.

Mr. Dan Wilson, SugarBud’s Chairman of the Board, stated: “The management team of SugarBud, led by Craig Kolochuk, has done an incredible job in the one-year period following the recapitalization of the Company, as evidenced by the recent submission of its Affirmation of Readiness and Video Evidence Package to Health Canada. John’s depth of experience will complement the existing team’s strengths and provide additional guidance on the path to becoming a leading provider of medicinal and recreational cannabis in Canada.”

Mr. Kondrosky stated: “I am excited and honored to be joining SugarBud as CEO and look forward to working closely with Craig and the entire team to accelerate our operational model and expand shareholder value. Under Craig’s leadership the Company has occupied its 29,800 square foot cannabis cultivation facility in Stavely, Alberta, preparing SugarBud for market entry and positioning SugarBud as a future leader in the cannabis space.”

The Company also announces that, pursuant to the terms and conditions of its stock option plan, it has granted 3,100,000 stock options to purchase common shares of the Company to Mr. Kondrosky. The options expire five years from the date of grant and are exercisable at a price of $0.16 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.

About SugarBud

SugarBud is an Alberta-based emerging cannabis company engaged in the development, acquisition, production and distribution of cannabis in Canada.

Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca Dan Wilson
Chairman
SugarBud Craft Growers Corp.
Phone: (403) 874-9862
E-mail: danw@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

TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, Alberta, May 01, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud”) is pleased to announce the filing of its year ended December 31, 2018 audited consolidated annual financial statements (“Financial Statements”) and related management’s discussion and analysis (“MD&A”). SugarBud’s Financial Statements for the year ended December 31, 2018 and related MD&A are available on SEDAR at www.sedar.com and on SugarBud’s website at www.sugarbud.ca.

Looks like about a 3 month wait after evidence package submission for the cultivation license. That was submitted March 6th sooo could be a bit of a wait but who knows with gov’t.

I hope I have the correct info posted. I did read about some affiliates and/or subsidiaries. Will have to continue to do DD. If I am mistaken I am sorry for the mix up. GOOO SUGR

Thanks Postal72, happy to be aboard. This will rocket soon enough I feel.
Yes also that Pasha one is going to huge. I will post some info about Chemistree CHM and Pasha Brands on CHM board. From what I have read the 3 are closely intertwined. I am researching more. GL to us here and any of your others. SUGR
Pasha brands. https://pashabrands.com/

Nice add DJ. Yeah I’m expecting the same, should be a good double from here upon licence from HC. When that happens is a mystery but should be within the next 2 -3 weeks. I’ll have to check out Pasha. Glty.
$sugr$

Loaded a starter position here at .21 With license coming and being a craft grower this has a bright future. Could double next week or as soon as approval is granted. Glad I found this. I believe they are also connected with CHM Chemistree. I have a position in both now. Also I have heard about another company not listed yet called Pasha Brands Ltd. Chemistree is heavily affiliated with Pasha. They are another craft grower and there products are in high demand. Great quality and specialized in craft grow ops.
Very excited. Let's go SUGR

https://finance.yahoo.com/news/sugarbud-receives-confirmation-readiness-letter-110000609.html

SugarBud Receives Confirmation of Readiness Letter From Health Canada in Respect of Cannabis Cultivation Facility
GlobeNewswireApril 23, 2019, 5:00 AM MDT
TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, Alberta, April 23, 2019 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) is pleased to announce that it has received a Confirmation of Readiness Letter (“COR Letter”) from Health Canada in respect of its cannabis cultivation facility in Stavely, Alberta (the “Facility”). The COR Letter requests SugarBud’s affirmative response that it has met Health Canada’s license application requirements. The “Confirmation of Readiness” stage is the final stage in the application process.

On March 6, 2019, SugarBud announced the submission of its Affirmation of Readiness and Video Evidence Package (“Evidence Package”) to Health Canada. The Evidence Package was meant to demonstrate to Health Canada that the Facility is fully functional and compliant under the Cannabis Act and Regulations. Upon SugarBud’s demonstration to Health Canada that its Facility is fully functional and compliant under the Cannabis Act and Regulations, the Company will be granted its cultivation license, at which point it will be permitted to cultivate cannabis.


Craig Kolochuk, President and Chief Executive Officer of SugarBud, stated: “Receiving our COR Letter is a major milestone for SugarBud in becoming a licensed producer of cannabis. We are currently in dialogue with Health Canada and promptly addressing any final questions and comments. We’ve submitted our Evidence Package and we are confident that our Facility is world class and compliant with the Cannabis Act and Regulations.”

Phase 1 of the Facility is comprised of 29,800 total square feet of floorplate. SugarBud estimates that under a full development scenario with four layers of flowering canopy, Phase 1 of the Facility will have up to 37,000 square feet of flowering canopy. At a metric of approximately 50 grams per square foot of flowering canopy per crop, and five crops per year, this equates to up to an estimated 9,250,000 grams of dried cannabis flower production per year.

The beast has risen... 17% today.

SUGARBUD ANNOUNCES CLOSING OF THE DISPOSITION OF ITS OIL AND GAS ASSETS AND BECOMES A PURE-PLAY CANADIAN CANNABIS COMPANY
Home / Cannabis / SugarBud Announces Closing of the Disposition of its Oil and Gas Assets and Becomes a Pure-Play Canadian Cannabis Company

SugarBud Announces Closing of the Disposition of its Oil and Gas Assets and Becomes a Pure-Play Canadian Cannabis Company

02 Apr KarlRYG Cannabis, Marijuana, Medical, News
CALGARY, April 2, 2019 – SugarBud Craft Growers Corp. (“SugarBud” or the “Company“) is pleased to announce that it has closed the sale of the Company’s oil and gas assets (the “Dispositions“) with several arm’s length purchasers (the “Purchasers“) pursuant to which the Purchasers have acquired all of the Company’s oil and gas assets for gross proceeds of approximately $1.75 million in cash.

The series of Dispositions eliminates approximately $4.1 million of asset retirement obligations associated with the assets and significantly strengthens the Company’s balance sheet. SugarBud has no debt or abandonment liabilities and does not anticipate requiring any additional financing prior to receipt of its Cultivation License from Health Canada.

About SugarBud

SugarBud is an Alberta-based emerging cannabis company engaged in the development, acquisition, production and distribution of cannabis in Canada.

From Midas Letter, Sugarbud is alone in this space. Once license is approved, Sugarbud will be attractive take out candidate.

Craig Kolochuk.....
We’re cashed up. We have roughly $3 million in cash in the bank, no debt. We’re closing our oil and gas sale here April 1st, so that’s going to bring in another $1.5 million. So Phase 1 for us is fully funded.

What's the share structure here?

Summary of estimated completion dates: Timeline Summary 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.

Volume today which is always welcome. Here is an investor presentation which is very well done.
https://static1.squarespace.com/static/5b20020a9772aec8df227c49/t/5c7f3b69e79c70c65fe2d82f/1551842171002/03052019+SugarBud+Presentation.pdf

The initial time line they had was
Producer licence Feb 15
Sales licence July 1st- ish

Thanks postal, any idea how long the approval process takes? Ballpark time ?

http://www.newswire.ca/en/releases/archive/March2019/06/c6390.html

3 week old article:
https://www.google.ca/amp/s/simplywall.st/stocks/ca/pharmaceuticals-biotech/tsxv-sugr/sugarbud-craft-growers-shares/news/could-sugarbud-craft-growers-corp-s-cvesugr-investor-composition-influence-the-stock-price/amp/

Don't know - given that I can trade under the US symbol I have never bothered to check on the Canadian symbol.

Hey nsomniyak you were correct, must of been a misinformed employee, I got a further response from another representative:


I am advised by the company that Sugarbud does trade on the OTC under the symbol
RRLRF.
Best regards,
Gary

Gary Perkins B.Comm
Shareholder/ Investor Relations
SugarBud Craft Growers Corp

This is who responded to my email in case you want to inquire as well.

Kristy Reynolds

HR Manager/Corporate Communications/EA

(Tel): 403.930.8679

Email: kristyr@sugarbud.ca

Ok, does Schwaub also have SUGR.V because just like you on my E*TRADE account it has RLLRF and lists it as SugarBud Craft growers.

Schwab.

RLLRF came up when I first bought in when it was still Relentless Resources. THe RR name showed at that time.

Now the RLLRF symbol comes up Sugarbud Craft Growers.

Yes please do. I just replied back to email asking for further clarification. I’ll keep you posted. What broker do you use? I’m surprised I can’t find both tickets through E*TRADE, sucks.

I doubt that but I will ask. Thanks

They may not know or care that a us otc symbol has been set up for the stock.

There must be two different SugarBud Craft Growers. Two different tickets. I contacted the investor relations email off this SugarBud Craft growers website:

https://www.sugarbud.ca/contact

They just told me they are not the same as RLLRF.

I own shares in RLLRF - Sugarbud Craft Growers.

You should be able to buy using that symbol using any broker that trades otc and pick stocks (so not RobinHood)

I would figure out what company you actually own shares of nsomniyak cause this is has gotten confusing.
Let me know if you can get to the bottom of it. I really want to invest in SugarBud but so far can’t find a way unless I find a broker that can access the TRX exchange and apparently I cannot through E*TRADE.

Hey guys,I reached out to SugarBud and apparently SUGR.V and RLLRF are not the same. I don’t understand it at all lol. What the heck is RLLRF then if has the same exact name?

Here is the response I got from SugerBud:


Thank you for your email and interest in SugarBud Craft Growers. SugarBud shares are only listed and for purchase as SUGR on the TSX.V. The RLLRF shares you have mentioned would not be the same.



Should you have more questions about the stock, I suggest reaching our to our Investor Relations contact listed below:



Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com



Thank you,

RLLRF. I assume the difference is simply a function of the $US/$Cdn exchange rate. That said, I have never looked at the price on the Canadian side.

Any projections at legitimate potential for this company?

Correct me if I’m wrong but it seems they aim to produce high end bud. Specific select strains and favorable genetics.

Similar to a private reserve aged scotch vs getting a bottle of wild turkey at the corner store.

Ahhh... Good call postal! Didn’t think about the currency difference and yahoo doesn’t designate that either, I assumed the units they display was always in dollars.

...So never invested in otc company not based in U.S., I’m assuming even tho this goes under two different tickers, shares purchased as SUGR.V and shares purchased as RLLRF are 100% the same, and sharing the same float all that?

RLLRF listed on otc is in $USD
SUGR listed on venture exchange is in $CDN. Same company offered on 2 different exchanges...currency difference.

Hey nsomniyak, is your holdings in sugar bud listed as SUGR.V or RLLRF? What do you think is with the two different prices?