Sugarbud Announces Shares for Services Arrangements

CALGARY, Alberta, June 29, 2022 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT, SUGR.WS, SUGR.WR, SUGR.DB) (OTCQB: SBUDF) ("Sugarbud" or the "Company") announces that it has entered into shares for services agreements with certain arm's length service providers, pursuant to which Sugarbud will issue a total of 665,020 Shares at a deemed price of $0.35 per Share in satisfaction of amounts owing to such persons in the aggregate amount of $232,757 (the "Transaction"). The Shares to be issued in connection with the Transaction will represent approximately 10.2% of the issued and outstanding Shares of Sugarbud on a post-Transaction basis.

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