SUGARBUD CRAFT GROWERS CORP. ANNOUNCES APPLICATION FOR MANAGEMENT CEASE TRADE ORDER

CALGARY, AB, Aug. 19, 2022 /CNW/ - Sugarbud Craft Growers Corp. (TSXV:SUGR.VN) (TSXV:SUGR-DB.VN) (TSXV:SUGR-WR.VN) (TSXV:SUGR-WS.VN) (TSXV:SUGR-WT.VN) (OTC-BB:SBUDD) ("Sugarbud" or the "Company") announces today that it has made an application to the Alberta Securities Commission, as principal regulator, and its additional regulators, to approve a temporary management cease trade order ("MCTO") under National Policy 12-203 - Management Cease Trade Orders ("NP 12-203"). If granted, the MCTO will prohibit the trading in securities of the Company by its Chief Executive Officer, Chief Financial Officer and certain other insiders of the Company, so long as the required filings remain outstanding. The issuance of an MCTO will generally not affect the ability of persons who are not or have not been management of the Company to trade in its securities.