Sugarbud Announces Second Tranche Closing of Convertible Debenture Units

Provided By Globe Newswire

Last update: May 27, 2022

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CALGARY, Alberta, May 27, 2022 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.WR, SUGR.DB) (OTCQB: SBUDF) ("Sugarbud" or the "Company") is pleased to announce the closing of the second and final tranche of its previously-announced marketed public offering (the "Offering") of convertible debenture units (each, a "Debenture Unit") for aggregate gross proceeds of $438,000. The aggregate gross proceeds to the Company from the first and second tranche closing of the Offering is approximately $1.286 million. Net proceeds from the Offering will be used for additional processing and production equipment purchases, facility upgrades and other corporate purposes.