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Sugarbud Announces Brand Licensing & Distribution Agreement with Agro-Greens Natural Products, Updates Timing on Entry into Authorized Provincial Retail Sales
Sugarbud Announces Brand Licensing & Distribution Agreement with Agro-Greens Natural P...
About this update from Sucro Limited
[{"type":"text","content":"\n\n\n\nSugarbud Announces Brand Licensing & Distribution Agreement with Agro-Greens Natural Products, Updates Timing on Entry into Authorized Provincial Retail Sales\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nSugarbud Announces Brand Licensing & Distribution Agreement with Agro-Greens Natural Products, Updates Timing on Entry into Authorized Provincial Retail Sales\nCanada NewsWire\nCALGARY, April 15, 2020\n\n\n\nCALGARY, April 15, 2020 /CNW/ - Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) (\"Sugarbud\") is pleased to announce that it has entered into a third-party licensing and distribution agreement (\"Agreement\") with Agro-Greens Natural Products Ltd.  (\"Agro-Greens\") to sell and distribute Sugarbud's Craft Cannabis Collection to authorized provincial wholesalers and retailers in Alberta, British Columbia and Saskatchewan. The agreement with Agro-Greens is subject to customary regulatory, licensing and new product notification requirements.\n\n \n \n \n \n \n \n\n \nUnder the terms of the agreement, Sugarbud will process and package its own craft cannabis dried flower products and Agro-Greens will act under a license from Sugarbud as the authorized sales and distribution intermediary between Sugarbud and authorized provincial wholesalers and retailers. \nThe Company's agreement with Agro-Greens also covers the time between today's announcement and when Sugarbud expects to receive authorization from Health Canada to sell its craft cannabis dried flower products directly to provincially authorized wholesalers and retailers.  As previously reported Sugarbud submitted its license amendment application in February 2020 and expects to receive its sales license in the second half of 2020.\nUnder the terms of this agreement and subject to customary regulatory approvals and new product notifications, Sugarbud now expects to begin shipping its Sugarbud branded craft cannabis dried flower products to authorized provincial wholesalers and retailers within the next 75 – 90 days, significantly earlier than the late Q3 launch date pro...