SugarBud Craft Growers Corp (OTCMKTS:RLLRF) obtained an amended sales license from Health Canada. It allows the company to market dried cannabis products to all the territorial and provincial retailers, distributors, and individual medical patients.
Rich dividends for shareholders
John Kondrosky, CEO of SugarBud said the company achieved another milestone by receiving an amended license for the regulator in Canada. The company is scaling up its commercial activities to offer rich dividends for investors. He said the company can directly control its marketing and sales activities and expedite the distribution of its Pre-Roll and Dried Flower products to provinces like British Colombia and Alberta.
According to the estimates of SugarBud, less than 30% of approved license holders in Canada hold a sales license to market dried cannabis products to the registered medical patients and retailers/ distributors in authorized territories and provinces. The company gained a sales license following a comprehensive inspection.
Availability of SugarBud products
The products of SugarBud are already available in Saskatchewan province as per the deal with Agro-Greens Natural Products Ltd. SugarBud previously signed a distribution and production accord with Agro-Greens in April 2020.
As per the terms of the accord, Agro-Greens is entitled to package, process, and distribute craft cannabis pre-roll products of SugarBud to authorized retailers and wholesalers in provinces like Saskatchewan, British Colombia, and Alberta.
Agro-Greens receives bulk dried cannabis flower from SugarBud to its facility based in Macklin Saskatchewan for processing and packaging into craft cannabis pre-roll products under the SugarBud brand. The company will commence the distribution of SugarBud branded products in Q3 2020.
High quality dried cannabis products in BC
John said the company is excited to extend its pact with Agro-Greens to satisfy the growing demand in the dried cannabis space. He said the deal with Agro-Greens helps the consumers in this region to experience its craft cannabis products. MD of Agro-Greens, Jeremy Vokins said the company is committed to providing high-quality products to the population in Alberta, BC, and Saskatchewan.
Commences development of vape cartridges
As per the terms of previously signed pact with Heritage Cannabis Holdings Corp (OTCMKTS:HERTF), SugarBud commenced the qualification and development of full-spectrum vape cartridges. SugarBud will use the formulation, extraction, and production services of Heritage to develop pre-filled cartridges.
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