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Sugarbud (TSXV:SUGR) announces shares for services arrangements

Cannabis
TSXV:SUGR
29 June 2022 09:00 (EDT)

Sugarbud Craft Growers (SUGR) has entered into shares for services agreements with certain service providers.

Under the terms of the agreements, Sugarbud will issue a total of 665,020 shares at a deemed price of $0.35 per share in satisfaction of amounts owing totalling $232,757.

The shares to be issued represent approximately 10 per cent the company’s issued and outstanding shares.

The transaction is subject to the approval of the TSX Venture Exchange. Shares issued in connection with the agreements will be subject to a statutory 4-month hold period.

Sugarbud is a leading consumer-driven craft cannabis company focused on the cultivation and production of superior, select-batch, craft cannabis products. 

Sugarbud Craft Growers Corp. (SUGR) opened trading at C$0.35 per share.

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