Sugarbud Reminds Shareholders of Upcoming Annual General Meeting and Provides Additional Details Regarding Proposed Share Consolidation - Seite 2

In reaching its recommendation, ISS noted:

"…Vote FOR this resolution as the stock consolidation should have no direct impact on shareholder value and could enhance the long-term growth prospects of the company by broadening its financing alternatives.” 

We strongly encourage your participation in the Meeting this year. The Board of Directors of Sugarbud recommends that shareholders vote FOR all resolutions.

Sugarbud encourages all shareholders to read the information circular (the "Circular") and related materials in respect of the Meeting available on the Company's SEDAR profile at www.sedar.com.

Shareholder Information and Questions

Sugarbud shareholders who have questions about the Circular or require assistance with voting their Shares can contact our proxy solicitation agent, Laurel Hill Advisory Group:

Laurel Hill Advisory Group

North America Toll Free: 1-877-452-7184 Calls Outside North America: 416-304-0211 Email: [e-mail]

Sugarbud may utilize the Broadridge Quickvote service to assist eligible beneficial shareholders with voting their shares over the telephone. Beneficial shareholders may be contacted by Laurel Hill to conveniently obtain a vote directly over the telephone.

Voting at the Meeting

In light of public health guidelines related to COVID-19 that continue to restrict indoor gatherings, the Company has decided to host the Meeting solely by means of remote communication. All shareholders are strongly encouraged to vote prior to the Meeting by proxy, as in-person voting at the time of the Meeting will not be possible.

Instructions as to how to vote and attend the Meeting via webcast or teleconference are provided above.

Shareholders are reminded to submit their votes in advance of the proxy cut-off of 9:00 a.m. (Calgary time) on February 4, 2022. Your vote is important, regardless of how many securities you own. Voting can be done via methods below:

Registered Shareholders

Registered shareholders can vote their shares by proxy online at login.odysseytrust.com/pxlogin.

Alternatively, registered shareholders can vote by returning their form of proxy by mail to Odyssey Trust Company, 1230 – 300 5th Avenue SW, Calgary, Alberta, T2P 3C4 Attention: Proxy Department.

Beneficial Shareholders

Beneficial shareholders who hold their shares through a broker or other intermediary, should follow the instructions on the voting instruction form provided to them by their broker or other intermediary in order to vote. Each intermediary may have a different voting process.