TSX-Venture Exchange: SUGR, SUGR.WT

CALGARY, Alberta, Dec. 05, 2018 (GLOBE NEWSWIRE) -- SugarBud Craft Growers Corp. (“SugarBud” or the “Company”) is pleased to announce that it has appointed Saeid Mobini, Ph.D. as Master Cultivator and Mr. Craig Kolochuk, President and Chief Executive Officer of the company, to its Board of Directors.

Dr. Mobini holds a Ph.D. in Horticulture and Agricultural-Biotechnology with a focus on aeroponics, soilless and tissue culture and plant breeding. Most recently, Dr. Mobini was a greenhouse specialist at the Alberta Agriculture and Forestry Ministry where he focused on LED lighting applications in commercial scale aeroponic and hydroponic systems. Prior thereto, Dr. Mobini was a postdoctoral fellow and research officer at the University of Saskatchewan, where he developed innovative concepts for improving indoor crop growth and production.

Dr. Mobini has identified highly effective combinations of LED spectrum, undertaken extensive plant breeding programs, and developed state-of-the-art aeroponics systems intended to maximize cannabinoid and terpene profiles, plant quality and yields.

“We couldn’t be happier that Dr. Mobini has elected to join the SugarBud team. Dr. Mobini is a member of the Canadian Cannabis Breeding Consortium (cannabisbreeding.ca) who brings unparalleled passion and dedication to cannabis horticulture. We expect that Dr. Mobini will add significant value in our quest to grow hand-crafted, select-batch, ultra-premium bud,” stated Mr. Kolochuk.

SugarBud is also pleased to announce that it has appointed Mr. Kolochuk to its Board of Directors. Mr. Kolochuk joined SugarBud as President in April 2018 and assumed the role of President and Chief Executive Officer in August 2018.

Mr. Dan Wilson, SugarBud’s Chairman, stated: “Craig has been instrumental to SugarBud’s success to date. His continued leadership and dedication to SugarBud will ensure that we execute on our business plan and capitalize on other high-impact initiatives for the benefit of our shareholders”.

About SugarBud Craft Growers Corp.

SugarBud is a Calgary based emerging cannabis company engaged in the development, acquisition, production and distribution of cannabis in Canada.

For further information regarding this news release, please contact:

Craig Kolochuk
President & Chief Executive Officer
SugarBud Craft Growers Corp.
Phone: (403) 875-5665
E-mail: craigk@sugarbud.ca
Jeff Swainson
Chief Financial Officer
SugarBud Craft Growers Corp.
Phone: (403) 796-3640
E-mail: jeffs@sugarbud.ca

Investor Relations Contact
Gary Perkins, President
Tekkfund Capital Corp.
Tel: (416) 882-0020
E-mail: garyperkins@rogers.com

Website: http://www.sugarbud.ca/

Address: Suite 620, 634 - 6th Avenue S.W., Calgary, Alberta T2P 0S4
Telephone: 403-532-4466
Fax: 587-955-9668

Forward Looking and Cautionary Statements

This news release may include forward-looking statements including opinions, assumptions, estimates, the Company’s assessment of future plans and operations, and, more particularly, statements concerning the performance of key staff members. When used in this document, the words “will,” “anticipate,” “believe,” “estimate,” “expect,” “intent,” “may,” “project,” “should,” and similar expressions are intended to be among the statements that identify forward-looking statements. The forward-looking statements are founded on the basis of expectations and assumptions made by the Company which include, but are not limited to, receipt of bids in respect of the sale of its oil and gas assets. Forward-looking statements are subject to a wide range of risks and uncertainties, and although the Company believes that the expectations represented by such forward-looking statements are reasonable, there can be no assurance that such expectations will be realized. Any number of important factors could cause actual results to differ materially from those in the forward-looking statements including, but not limited to: regulatory and third party approvals not being obtained in the manner or timing anticipated; changes in general market conditions; industry conditions and events; competition from other industry participants; and other factors more fully described from time to time in the reports and filings made by the Company with securities regulatory authorities. Please refer to the Company’s annual information form (“AIF”) for the year ended December 31, 2017 and management’s discussion and analysis (“MD&A”) for the three and nine months September 30, 2018 for additional risk factors relating to the Company. The AIF and MD&A can be accessed under the Company’s profile on www.sedar.com.

Except as required by applicable laws, the Company does not undertake any obligation to publicly update or revise any forward-looking statements.

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.