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Sugarbud (TSXV:SUGR) announces partnership with ROSE LifeScience

Cannabis
TSXV:SUGR
27 August 2021 08:45 (EDT)

Source: ROSE LifeScience

Sugarbud Craft Growers (SUGR) has entered into a Sales, Marketing, Supply and Distribution agreement with ROSE LifeScience Inc.

Under the terms of the agreement, Sugarbud will partner with ROSE to bring Sugarbud grown premium craft cannabis to the province of Québec under the ROSE brand ELEKT Cannabis.

The agreement with ROSE is subject to customary regulatory and new product notification requirements.

Sugarbud President and CEO, John Kondrosky commented on the partnership.

“We are thrilled to be partnering with ROSE to bring select Sugarbud grown premium craft cannabis strains to the province of Québec under the ELEKT Cannabis brand. The entire ROSE team is committed to delivering exceptional cannabis products and services to Québecers and we are very proud to be collaborating with ROSE directly to do so.”

Davide Zaffino, President and CEO at ROSE LifeScience Inc. responded,

“We are excited with the opportunity to introduce unique genetics to the Québec market and to partner with Sugarbud, a cannabis company that brings Western Canada’s long tradition of exceptional select craft cannabis. What’s even more exciting for us is the ability to involve the consumers in this, thanks to this partnership we were able to give Québecers the opportunity to vote on the strain, we truly involved consumers in the product selection process to ensure we meet their needs.”

The first Sugarbud grown strain to launch under the ELEKT Cannabis brand – Krypto Chronic #2 – is already available for recreational purchase throughout Québec.

Sugarbud is an Alberta-based, consumer-driven boutique craft cannabis company focused on the cultivation and production of cannabis products.

Sugarbud Craft Growers Corp. (SUGR) opened trading at C$0.045 per share.

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