CALGARY, April 29, 2020 /CNW/ - Sugarbud Craft Growers
Corp. (TSXV: SUGR, SUGR.WT) ("Sugarbud" or the
"Company") announces that due to delays caused by COVID-19,
it will postpone the filing of its annual financial statements
("Financial Statements") and accompanying management's
discussion and analysis ("MD&A") for the year ended
December 31, 2019, in reliance on the
exemption provided in ASC Blanket Order 51-517 Temporary
Exemption from Certain Corporate Finance Requirements (and
similar exemptions provided by the other Canadian securities
regulators). The Company will file the Financial Statements and
MD&A no later than June 1,
2020.
Until the Company has filed the Financials Statements and
MD&A, members of the Company's management and other insiders
are subject to an insider trading black-out policy that reflects
the principles in section 9 of National Policy 11-207
Failure-to-File Cease Trade Orders and Revocations in Multiple
Jurisdictions.
Sugarbud confirms that there have been no material developments,
other than those disclosed through news releases, since the filing
of its interim consolidated financial statements for the period
ended September 30, 2019.
About Sugarbud
Sugarbud is a federally licensed Alberta based craft cannabis company, focused
on the cultivation and production of genetically diverse,
exceptionally high quality, select-batch cannabis products. Our
mission is to delight the most discerning cannabis consumer and
evolve the way people think about incorporating cannabis into their
daily lives.
http://www.sugarbud.ca/
Cautionary Statement Regarding Forward-Looking
Information
Certain statements contained in this press release may
constitute forward-looking information. These statements relate to
future events or future performance. The use of any of the words
"could", "intend", "expect", "believe", "will", "projected",
"estimated", "proposed" and similar expressions and statements
relating to matters that are not historical facts are intended to
identify forward-looking information and are based on the Company's
current believe or assumptions as to the outcome and timing of such
future events. Such forward-looking information is subject to risks
and uncertainties that may cause actual results, performance or
developments to differ materially from those contained in the
statements. In particular, this press release contains
forward-looking information relating to the anticipated filing of
the Financial Statements and MD&A. Various assumptions or
factors are typically applied in drawing conclusions or making the
forecast or projections set out in forward-looking information.
Those assumptions and factors are based on information currently
available to the Company. The forward-looking information contained
in this press release is made as of the date hereof and the Company
is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events
or otherwise, except as required by applicable securities laws.
Because of the risks, uncertainties and assumptions contained
herein, investors should not place undue reliance on
forward-looking information. The foregoing statements expressly
qualify any forward-looking information contained herein.
Neither the TSXV nor its regulation services provider (as
that term is defined in the policies of the TSXV) accepts
responsibility for the adequacy or accuracy of this
release.
SOURCE SugarBud Craft Growers Corp.