- Sugarbud Craft Growers Corp. (SUGR) has entered into a national product purchase and supply agreement for its Cannabis 2.0 products with CannMart Inc
- Under the terms of the Supply Agreement, CannMart will have the option to purchase Sugarbud branded cannabis extract products for subsequent national distribution
- Sugarbud now expects to be in a position to begin shipping its branded cannabis extract products by the end of Q1 2021
- CannMart is a wholly-owned subsidiary of Namaste Technologies Inc., a platform for cannabis products, accessories, and education
- Sugarbud Craft Growers Corp. (SUGR) is down 8.33 per cent, trading at C$0.055 at 3:13 pm EST
Sugarbud Craft Growers Corp. (SUGR) has entered into a national product purchase and supply agreement for its Cannabis 2.0 products with CannMart Inc.
Sugarbud is also pleased it has completed the final development and qualification of its additive-free, 100 per cent cannabis full-spectrum vape cartridges.
Under the terms of the Supply Agreement, CannMart will have the ability to purchase Sugarbud branded cannabis extract products for subsequent national distribution and sale to provincially/territorially authorized distributors/retailers under their own sales license.
Sugarbud will process and package the Sugarbud branded craft cannabis extract products on behalf of CannMart.
Sugarbud’s CEO, John Kondrosky, adds on to the recreational Cannabis 2.0 product partnership.
“Our entry into the adult-use recreational Cannabis 2.0 market in Canada is a major catalyst for the company, and we couldn’t be more excited to be partnering with CannMart to accelerate our plans to bring our expanded Sugarbud Craft Cannabis Collection to our target markets and consumers in Canada,” said Kondrosky.
“We are pleased to welcome Sugarbud to our portfolio as many companies are seeing added value in Namaste’s distribution footprint,” said Meni Morim, CEO of Namaste Technologies Inc., CannMart’s parent company.
“We look forward to working closely with our new partner to expand their reach to Canadian cannabis consumers,” concluded Morim.
Sugarbud now expects to be in a position to begin shipping its branded cannabis extract products by the end of Q1 2021.
Sugarbud’s agreement with CannMart also covers the time between today’s announcement and when Sugarbud expects to receive Health Canada authorization to sell its Cannabis extract products directly to provincially/territorially authorized distributors/retailers and registered patients.
It expects approval for its own amended sales license permitting the direct sale of cannabis extracts in early Q3 of 2021.
Sugarbud is an Alberta-based, consumer-driven boutique craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products.
CannMart is a wholly-owned subsidiary of Namaste Technologies Inc., a platform for cannabis products, accessories, and education.
Sugarbud Craft Growers Corp. (SUGR) is down 8.33 per cent and is trading at C$0.055 at 3:13 pm EST.