Blog Layout

news release
The BC Bud Co Announces a Private Placement, the Purchase of XRP, and a Market-Making Agreement with Red Cloud Securities
January 9, 2025

VANCOUVER, BC, January 9th, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce a proposed non-brokered private placement (the "Placement") to raise up to $1,000,000 through the sale of up to 13,333,333 units (each a "Unit") at a price of $0.075 per Unit.

Each Unit will be comprised of one common share and one share purchase warrant. Each warrant will entitle the holder to acquire an additional common share at a price of $0.15 per share for a period of 24 months.


No finder's fees are expected to be paid on any portion of the Placement. The Company expects to use the net proceeds of the Placement for general and administrative purposes, and the Placement is expected to close on or around January 24, 2025.


Purchase of XRP

Further to the news release dated December 3, 2024, the Company is pleased to announce that it has opened an account with Coinsquare and has begun accumulating XRP with its cash reserves.


Engagement of Market Maker

The Company is also pleased to announce that it has entered into a market stabilization and liquidity services agreement (the "Agreement") with Red Cloud Securities Inc. ("RCSI") to provide market-making services in accordance with the policies of the Canadian Securities Exchange ("CSE").


Under the Agreement, RCSI will trade the Company's shares on the CSE for the purposes of maintaining reasonable bid and offer spreads and improving the liquidity of the Company’s shares (the "Services").

RCSI will begin providing the Services on January 15, 2025, and will continue on a monthly basis for a cash fee of $5,000 per month.


RCSI will not receive shares or options as compensation for its services; however, RCSI or its clients may have or may acquire a direct interest in the securities of the Company. The Company and RCSI are unrelated and unaffiliated entities. RCSI is a member of the Canadian Investment Regulatory Organization (CIRO) and can access all Canadian stock exchanges and alternative trading systems.


RCSI Contact Information:


📍 Business Address: 120 Adelaide Street West, Suite 1400, Toronto, ON M5H 1T1
📧 Email:
info@redcloudsecurities.com


About The BC Bud Co.

The BC Bud Co. is a house of brands created by industry professionals who are passionate about the user experience.


On behalf of the Board of Directors of The BC Bud Co.


Brayden Sutton
Chief Executive Officer & Director


Investor Relations

📞 Phone: 1-(778)-656-0377
📧 Email:
info@thebcbc.com
🌐 Web:
www.thebcbc.com


Forward-Looking Statements

This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future outcomes.


Generally, forward-looking statements can be identified by the use of terminology such as "intends," "anticipates," or variations of such words and phrases, as well as statements indicating that certain actions, events, or results "may," "could," "should," "would," or "occur."


These statements, made as of the date of this news release, include but are not limited to:

  • The completion of the Placement and its terms.
  • The expectation that no finder’s fees will be paid.
  • The anticipated use of net proceeds from the Placement.
  • The expected closing date for the Placement.


Material Assumptions:
The Company has made certain assumptions, including but not limited to:

  • That the Placement will be completed on expected terms and conditions.
  • That the Company will receive all necessary corporate approvals.
  • That the Company will use the net proceeds as anticipated.
  • That no finder’s fees will be required.
  • That the Placement will close within the expected timeframe.


Risk Factors:
These forward-looking statements involve numerous risks and uncertainties, including but not limited to:

  • The risk that the Company may not receive necessary corporate approvals.
  • The risk that the Company may fail to complete the Placement as disclosed or at all.
  • The risk that the Company may not use the net proceeds as currently anticipated.
  • The possibility that finder’s fees may be required.
  • The risk that the Placement may not close within the expected timeframe.


Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other unforeseen factors. There is no guarantee that forward-looking statements will prove to be accurate, and actual results may differ materially from expectations. Readers are advised not to place undue reliance on forward-looking statements.


The Company does not undertake to update any forward-looking statements unless required by applicable securities laws.


Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

share this.

Recent news releases.

January 29, 2025
VANCOUVER, BC, January 29th, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce that it has closed the third and final tranche of its oversubscribed, previously announced, non-brokered private placement (the “Placement”) (see news releases dated January 9, 2025, January 17, 2025, and January 24, 2025). Under the third tranche of the Placement, the Company raised gross proceeds of $506,436 through the sale of 6,752,483 units at a price of $0.075 per unit (each a “Unit”). Each Unit consists of one common share (a “Common Share”) and one share purchase warrant (a “Warrant”). Each Warrant entitles the holder to acquire an additional Common Share at a price of $0.15 per share for a period of 24 months. The Company previously closed the first tranche of the Placement on January 17, 2025, for aggregate gross proceeds of $631,300 and the second tranche on January 24, 2025, for aggregate gross proceeds of $511,275. In total, the Company has now raised aggregate gross proceeds of $1,649,011 through the sale of 21,986,813 Units. In connection with the third tranche of the Placement, the Company: Paid certain finders an aggregate cash commission of $21,912. Issued an aggregate of 292,160 finders' warrants (the “Finder Warrants”). Each Finder Warrant is exercisable into one unit of the Company (“Finder Unit”) at a price of $0.075 per Finder Unit for a period of 24 months from January 29, 2025. Each Finder Unit consists of one Common Share and one Warrant. All securities issued in the third tranche are subject to a statutory hold period expiring on May 30, 2025, in accordance with applicable securities legislation. Use of Proceeds Net proceeds of the Placement will be used for business development and general working capital purposes. Warrant Extension The Company is also pleased to announce that it intends to extend the expiry date of an aggregate of 6,800,000 common share purchase warrants (the “Prior Warrants”) issued under a previous non-brokered private placement completed on February 2, 2023. Each Prior Warrant is currently exercisable into one Common Share of the Company at an exercise price of $0.15 per share, with an expiry date of February 2, 2025. Subject to the approval of the Canadian Securities Exchange (CSE), the expiry date of the Prior Warrants will be extended to February 2, 2026. All other terms of the Prior Warrants will remain unchanged. About The BC Bud Co. The BC Bud Co. is a house of brands created by industry professionals passionate about the user experience. On behalf of the Board of Directors of The BC Bud Co. Brayden Sutton Chief Executive Officer & Director Investor Relations 📞 Phone: 1-(778)-656-0377 📧 Email: info@thebcbc.com 🌐 Web: www.thebcbc.com Forward-Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future outcomes. Generally, forward-looking statements can be identified by the use of terminology such as “intends,” “anticipates,” or variations of such words and phrases, as well as statements indicating that certain actions, events, or results "may," "could," "should," "would," or "occur." These statements, made as of the date of this news release, include but are not limited to: The anticipated use of net proceeds from the Placement. The Company’s intention to complete the warrant extension. The expectation that the warrant extension will be effected. Material Assumptions: The Company has made certain assumptions, including but not limited to: That the net proceeds of the Placement will be used as currently anticipated. That the Company will not face regulatory or other barriers in carrying out its business plans. That the Company will obtain all required corporate and regulatory approvals for the warrant extension. Risk Factors: These forward-looking statements involve numerous risks and uncertainties, including but not limited to: The risk that the Company may not use the proceeds as anticipated. The risk that the Company may not obtain CSE or other regulatory approvals to effect the warrant extension. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other unforeseen factors. There is no guarantee that forward-looking statements will prove to be accurate, and actual results may differ materially from expectations. Readers are advised not to place undue reliance on forward-looking statements. The Company does not undertake to update any forward-looking statements unless required by applicable securities laws. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
January 24, 2025
VANCOUVER, BC, January 24th, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce that, due to significant demand, it has increased the size of its previously announced non-brokered private placement (the "Placement") to up to $1.5 million (previously $1 million). Under the upsized Placement, the Company will issue up to 20 million units (each a "Unit") at a price of $0.075 per Unit, for aggregate gross proceeds of up to $1.5 million. Additionally, the Company has closed the second tranche of the Placement, raising gross proceeds of $511,275 through the sale of 6,816,998 Units. Each Unit consists of one common share and one share purchase warrant. Each warrant entitles the holder to acquire an additional common share at a price of $0.15 per share for a period of 24 months. The Company previously closed the first tranche of the Placement on January 17, 2025, for aggregate gross proceeds of $631,300. To date, the Company has raised total gross proceeds of $1.142 million through the sale of 15,234,330 Units. Please refer to the Company's news releases dated January 17, 2025, and January 9, 2025, for additional details regarding the Placement. No finder’s fees were paid in connection with the first or second tranche of the Placement. All securities issued in the second tranche are subject to a statutory hold period expiring on May 25, 2025, in accordance with applicable securities legislation. Net proceeds of the Placement will be utilized for business development and general working capital purposes. Grant of Stock Options The Company also announces that it has issued an aggregate of 8 million incentive stock options ("Options") to certain directors, officers, and consultants of the Company, pursuant to its omnibus share incentive plan. Each Option is exercisable by the holder to purchase one common share of the Company at an exercise price of $0.12 for a period of two years. About The BC Bud Co. The BC Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. On behalf of the Board of Directors of The BC Bud Co. Brayden Sutton Chief Executive Officer & Director Investor Relations 📞 Phone: 1-(778)-656-0377 📧 Email: info@thebcbc.com 🌐 Web: www.thebcbc.com Forward-Looking Statements This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws. Forward-looking statements relate to future events or performance and reflect management’s expectations or beliefs regarding future outcomes. Generally, forward-looking statements can be identified by the use of terminology such as "intends," "anticipates," or variations of such words and phrases, as well as statements indicating that certain actions, events, or results "may," "could," "should," "would," or "occur." These statements, made as of the date of this news release, include but are not limited to: The anticipated use of net proceeds from the Placement. The execution and impact of the stock option grants. Material Assumptions: The Company has made certain assumptions, including but not limited to: That the Company will use the net proceeds as currently anticipated. That the Company’s business plans will remain unchanged. Risk Factors: These forward-looking statements involve numerous risks and uncertainties, including but not limited to: The risk that the Company may not use the net proceeds as anticipated. The possibility of unanticipated costs and changes in the Company’s business plans. The risk of regulatory changes or other factors affecting the use of the net proceeds. Although the Company has attempted to identify important factors that could cause actual results to differ materially, there may be other unforeseen factors. There is no guarantee that forward-looking statements will prove to be accurate, and actual results may differ materially from expectations. Readers are advised not to place undue reliance on forward-looking statements.  The Company does not undertake to update any forward-looking statements unless required by applicable securities laws. Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
January 22, 2025
VANCOUVER, BC, January 22nd, 2025 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce the appointment of Ken Osborne to the Company's Board of Directors (the "Board"). Ken Osborne is a seasoned finance professional with deep expertise in mergers and acquisitions (M&A), capital markets, and strategic advisory. As a General Partner at Osborne Partners Ltd., he has led numerous successful transactions, including acquisitions, equity financings, and venture debt mandates across various industries. Previously, Ken was a key member of the M&A team at TELUS Corporation, where he managed 11 acquisitions spanning the telecom and agriculture technology sectors. A CFA Charterholder, Ken is based in Vancouver, BC. The Company has also accepted the resignation of Justin Chorbajian from the Board, effective January 22, 2025. CEO Statement "We are genuinely honored to welcome Ken to our Board of Directors," stated Brayden Sutton, CEO. "His extensive background in mergers and acquisitions, capital markets, and strategic advisory will bring tremendous value as we continue to scale and evolve. Ken's expertise and strategic insight will enhance our team and stakeholders, setting the stage for an exciting new chapter in our company's journey." "I would also like to extend our gratitude to Justin Chorbajian for his dedication and efforts at The BC Bud Co. We wish him every success in his future endeavors." About The BC Bud Co. The BC Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. On behalf of the Board of Directors of The BC Bud Co. Brayden Sutton Chief Executive Officer & Director Investor Relations 📞 Phone: 1-(778)-656-0377 📧 Email: info@thebcbc.com 🌐 Web: www.thebcbc.com Neither the Canadian Securities Exchange (CSE) nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.
ALL NEWS RELEASES →

STAY UPDATED WITH BC BUD CO.

Sign up for our newsletter to receive exclusive updates, insights, and offers.

Share by: