Good Buds Awarded Outdoor Cultivation License
May 14th, 2019
Good Buds is leading the way to reduce both growing costs and carbon footprint
Salt Spring Island, British Columbia–(Newsfile Corp. – May 13, 2019) – Good Buds Company Inc. (“Good Buds” or the “Company“) is pleased to announce that it has been awarded an outdoor cultivation license at the Company’s licensed Salt Spring Island (“SSI“) property. The license was granted by Health Canada on Friday, May 10, 2019, and Good Buds believes this is the first outdoor cultivation license awarded by Health Canada.
Cultivating cannabis outdoors is a market disruptor, with dramatically lower capital and production costs when compared to indoor and greenhouse-grown crops. More importantly, outdoor cannabis is a more sustainable way to cultivate as outdoor cultivation dramatically decreases the carbon footprint caused by traditional synthetic cannabis cultivation.
Founded by brothers, Tyler and Alex Rumi, Good Buds has quickly grown into a family of professionals with a relentless focus on quality and sustainable cultivation. The brand is guided by the principles of artisanal quality and craft growing and extraction techniques.
Good Buds obtained one of the fastest licenses in ACMPR history, and the first ever joint cultivation-oils license. The Company has been producing small-batch, high-quality, craft cannabis from its SSI property. With this announcement, Good Buds is aligning itself with the strategy pursued by other Canadian market leaders who are seeking ways to leverage outdoor production.
Good Points to Know:
● Good Buds believes it has obtained the first federally-authorized outdoor growing operation approved in Canada;
● Good Buds now has more than 750,000 sq ft of licensed cultivation space;
● The Company uses only living, organic soils rich in bioavailable microorganisms and nutrients for enhanced flavour, sustainability and quality;
● The Company’s small-batch indoor cultivation operations are already powered by more than 90% renewable energy sources;
● Good Buds extracts cannabis oils using only solvent-free extraction techniques; and
● Plants respond well to the bright sunlight, mild ocean breezes and pristine water quality unique to Salt Spring Island which provides an advantage over other locations.
“We’re thrilled to have been awarded an outdoor cultivation license, and are grateful to Health Canada for approving our outdoor grow area in only four months,” said Founder and CEO, Tyler Rumi. “Our outdoor license places us in a great position to keep expanding our business organically. We want passionate cannabis enthusiasts to trust us and stand with Good Buds for the long-term, so we’re committed to growing only the most potent and flavourful cannabis.”
The brothers homed in on Salt Spring Island because the climate is perfectly suited for outdoor growing and is widely recognized as one of the best locations in Canada for cannabis cultivation. Building on the region’s reputation for natural beauty and agriculture, the Good Buds team has built a company that is becoming synonymous with the very ideals they espouse; family, quality, attention to detail, and sustainability.
“We believe that if we stay focused on growing the purest cannabis, we’ll end up with the purest extractions. Whenever you’re extracting cannabis, quality-in equals quality-out. That’s why we grow only in recycled living organic soils. We don’t want to produce a flavourless commodity, rather, we want to produce terpene rich products that celebrate the quality and uniqueness of our sun-grown cannabis,” said Alex Rumi, Good Buds Chief Strategy Officer.
ABOUT GOOD BUDS
Good Buds is a licensed Canadian cannabis company headquartered in Salt Spring Island, British Columbia, with more than 750,000 sq ft of licensed cultivation space. The brand is guided by the principles of artisanal quality and craft growing and extraction techniques. Visit us on the web at https://goodbudsco.com/.
For media or investor inquiries, please contact:
Email : [email protected]
This news release contains “forward-looking information” within the meaning of applicable securities law (“forward-looking statements”). The use of any of the words “plan”, “anticipate”, “continue”, “estimate”, “expect”, “may”, “will”, “project”, “should”, “believe” and other similar words, or statements that certain events or conditions “may” or “will” occur are intended to identify forward-looking information. These statements are only predictions. Although the Company believes that the expectations and assumptions on which the forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information because the Company can give no assurance that they will prove to be correct. Since forward-looking information addresses future events and conditions, by its very nature it involves inherent risks and uncertainties. This information speaks only as of the date of this news release.
Follow Us on Social Media
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.