SugarBud inks $25 mln equity facility with Alumina Partners

SugarBud Craft Growers Corp (TSX-V: RRL), a Calgary-based cannabis company focused on growing hand-crafted, select-batch products, has secured a draw-down equity facility of up to $25 million. The investor is Alumina Partners, a U.S. private equity firm. Under the deal’s terms, SugarBud will be able to draw down capital as needed to support growth, including its planned retail distribution strategy. The company's strategy is focused on the identifying, developing and operating retail cannabis stores located across Canada.

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