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The BC Bud Co. Applauds DEA Action, Prepares for North American Opportunities and Provides Corporate Update
May 1, 2024

Vancouver, British Columbia--(Newsfile Corp. - May 1, 2024) - The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) ("The BC Bud Co" or the "Company"), a house of high-quality cannabis brands based out of British Columbia, Canada, applauds the DEA and US Federal movement towards rescheduling cannabis.


The Biden administration is poised to reclassify cannabis as a substance of lower risk, marking a historic and timely shift that recognizes the medicinal benefits of a long-criminalized and unfairly stigmatized drug. This move carries significant implications for cannabis-related research and the industry as a whole.


The US Department of Justice is anticipated to suggest the rescheduling of cannabis as a Schedule III controlled substance. This classification aligns it with prescription medications like ketamine and Tylenol with codeine.


"The BC Bud Co has long awaited this historic shift and remains dedicated to evaluating opportunities across North America and soon globally to introduce our brands to evolving consumer markets," stated CEO Brayden Sutton. "We are confident in our positioning for growth, despite the challenges present in the cannabis sector. Preparation for this change has involved ongoing discussions with key US contacts over an extended period. With conditions becoming increasingly favorable for commerce in the cannabis space, we are committed to advancing these discussions further."


Focused on Responsibility, Maturity and Longevity


The BC Bud Co. stands out as a responsible yet street-smart participant in the cannabis market. Backed by a history of financial prudence and deep-rooted experience in the industry, the company has primarily relied on funding from its founders and management, laying a robust foundation for sustainable growth with ready access to capital as needed. By consciously opting to remain asset-light, the company prioritizes its products and the consumer experience over infrastructure and human capital.


Exploring M&A Opportunities


Primed for strategic growth in North America and beyond, The BC Bud Co. is actively pursuing promising Merger and Acquisition prospects, though at this time no specific transactions have progressed beyond initial negotiations. Drawing upon its wealth of industry expertise, the company is ready to forge potential partnerships in the United States and abroad. Moreover, The BC Bud Co. is actively scouting for US-based advisors to access top-tier, value-enhancing opportunities.


Direct Delivery Initiatives


Aligned with its dedication to customer-centric services, The BC Bud Co. is ramping up its focus on direct delivery services to bolster the accessibility and transparency of its premium cannabis products with new BC-based partners.


Anticipating a Prosperous 2024


As Canada enters its sixth year of cannabis legalization, The BC Bud Co. looks ahead with optimism, particularly as the sector navigates a bottoming-out phase. Positioned strategically, the company is poised to seize emerging opportunities for a prosperous and transformative 2024. The BC Bud Co. welcomes stakeholders, partners, and the public to join in its journey toward ongoing success.


For further details, please visit www.TheBCBC.com or reach out via email at info@thebcbc.com.


About The BC Bud Co.


The BC Bud Co. is a publicly traded Canadian cannabis company headquartered in British Columbia. Renowned for its responsibility, maturity, and unwavering commitment to quality, the company is steadfastly dedicated to overcoming the challenges inherent in the cannabis sector while striving for sustained growth.


Investor Relations


Phone: 1-(778)-656-0377

Email: info@thebcbc.com

Web: www.thebcbc.com


Disclaimer & Forward-Looking Statements


Certain statements included in this press release constitute forward-looking information or statements (collectively, "forward-looking statements"), including those identified by the expressions "anticipate", "believe", "plan", "estimate", "expect", "intend", "may", "should" and similar expressions to the extent they relate to the Company or its management. The forward-looking statements are not historical facts but reflect current expectations regarding future results or events. This press release contains forward looking statements. These forward-looking statements are based on current expectations and various estimates, factors and assumptions and involve known and unknown risks, uncertainties, and other factors.


Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions which are difficult to predict. Factors that could cause the actual results to differ materially from those in forward-looking statements include failure to obtain regulatory approval, the continued availability of capital and financing, and general economic, market or business conditions. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, or achievements to be materially different from those implied by such statements. Although such statements are based on management's reasonable assumptions, there can be no assurance that the statements will prove to be accurate or that management's expectations or estimates of future developments, circumstances or results will materialize. The Company assumes no responsibility to update or revise forward-looking information to reflect new events or circumstances unless required by law. Readers should not place undue reliance on the Company's forward-looking statements.


Neither the Canadian Securities Exchange (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.

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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.
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