Sugarbud Provides Update on Operations and COVID-19 Preparedness

CALGARY, Alberta, March 23, 2020 (GLOBE NEWSWIRE) — Sugarbud Craft Growers Corp. (TSXV: SUGR, SUGR.WT) (“Sugarbud“) is pleased to report that it has completed its first harvest on March 2^nd, 2020 and is now in the process of completing the final stages of the post-harvest dry and cure activities. “The success of our first harvest marks a major milestone for Sugarbud and we are all very pleased with the quality and outcomes of our first crop along with the operating level and performance of our facility overall,” stated Mr. Kondrosky. “The preliminary potency and terpene testing on this first crop is very much in line with our expectations and commitment to bring exceptional high quality premium dried cannabis to Canadian consumers,” added Mr. Kondrosky. Sugarbud is now well underway on its second crop and the Company expects to complete its second harvest in early June 2020. As part of two previously announced supply agreements, the Company expects to ship its first revenue generating commercial batch of premium dried cannabis in early Q2.