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Tag Archives: SugarBud Craft Growers

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SugarBud Secures $17.65 Million Non-Dilutive Credit Facility With Farm Credit Canada to Fund Cannabis Operations

SugarBud Secures $17.65 Million Non-Dilutive Credit Facility With Farm Credit Canada to Fund Cannabis Operations
SugarBud Craft Growers Corp. (trading as Relentless Resources Ltd.) (“SugarBud” or the “Company”) is pleased to announce that it has entered into a commitment letter with Farm Credit Canada (“FCC”) for a credit facility in the amount of $17.65 million (the “Facility”) to fund an aeroponic cannabis cultivation facility at Stavely, Alberta (the “Project”) and is in advanced negotiations with another Canadian financial institution for a revolving working capital credit facility in the amount of $2.0 million (the “Revolver”) and syndication of the Facility.     
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SugarBud Craft Growers Corp. Announces Q2 2018 Financial and Operating Results

SugarBud Craft Growers Corp. Announces Q2 2018 Financial and Operating Results
At June 30, 2018, the Company’s working capital was $3,922,142, compared to a working capital deficiency of $2,502,798 at December 31, 2017 and working capital deficiency of $2,992,271 at June 30, 2017. The improvement in working capital during the year was primarily the result of a $8.25 million recapitalization private placement which closed in March 2018.
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