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     101  0 Kommentare Sugarbud Reminds Shareholders of Upcoming Annual General Meeting and Provides Additional Details Regarding Proposed Share Consolidation

    • Sugarbud shareholders are reminded to vote in advance of the proxy cut-off of February 4, 2022, at 9:00 a.m. (Calgary time)
    • Shareholders with questions or require assistance with voting should call Laurel Hill Advisory Group at 1-877-452-7184 or by email at assistance@laurelhill.com
    • Independent proxy advisor, Institutional Shareholder Services, recommends shareholders vote for the proposed share consolidation

    CALGARY, Alberta, Jan. 28, 2022 (GLOBE NEWSWIRE) -- Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.DB, SUGR.WR, SUGR.WS, SUGR.WT) (OTCQB: SBUDF) ("Sugarbud" or the "Company") reminds shareholders of the upcoming annual general and special meeting (the "Meeting") of shareholders to be held by means of a remote communication via webcast on Tuesday, February 8th, 2022 at 9:00 a.m. (MST) at:

    Meeting Details
    Meeting Link: https://us06web.zoom.us/j/85374306178?pwd=cWpIUmFGNFF6bENyQThxbWJlUUZU ... 
    Meeting ID: 853 7430 6178
    Meeting Passcode: 310110

    Share Consolidation

    At the Meeting, Shareholders will be asked to consider for approval, among other things, a resolution authorizing a consolidation of the common share of the Company ("Shares") on the basis of a ratio of between 50 and 100 pre-consolidation Shares for each one post-consolidation Share (the "Consolidation").

    The Consolidation will not change the % ownership each Shareholder has in the Company.

    The proposed Consolidation is part of Sugarbud’s overall strategy to drive long-term shareholder value and to increase its profile as the Company continues to grow and evolve.

    Reasons for Consolidation

    The Consolidation would provide greater flexibility for the Company with respect to future opportunities, including merger and acquisition activity (M&A). Under the rules of the TSX Venture Exchange, in order to issue new equity from treasury, the Company must meet certain minimum trading price requirements, which would be satisfied as a result of the Consolidation.

    Furthermore, the Company believes the Consolidation will result in a number of additional potential benefits, including promoting increased liquidity and reducing volatility in the trading of the Shares.

    ISS recommend shareholders support the consolidation

    Institutional Shareholder Services ("ISS"), a leading independent proxy advisor who provides voting recommendations to institutional shareholders, has recommended that shareholders of Sugarbud vote FOR the special resolution approving the Consolidation.

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    Sugarbud Reminds Shareholders of Upcoming Annual General Meeting and Provides Additional Details Regarding Proposed Share Consolidation Sugarbud shareholders are reminded to vote in advance of the proxy cut-off of February 4, 2022, at 9:00 a.m. (Calgary time)Shareholders with questions or require assistance with voting should call Laurel Hill Advisory Group at 1-877-452-7184 or by …