Canbud Distribution Corporation

Recent News

  • Canbud Enters into Memorandum of Understanding for Psilocybin Producing Mushroom Research and Development

    Toronto, Ontario--(Newsfile Corp. - September 14, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation" or "Canbud") is pleased to announce that on September 3,2021 it has entered into a memorandum of understanding (the "MOU") with the College of Agriculture, Science and Education ("CASE"), establishing a business and research and development ("R&D") relationship between the parties. CASE is a tertiary educational institution located in Port Antonio, Jamaica, with a tripartite mandate of teaching, research, and outreach.Under the terms...

    2021-09-14 9:38 AM EDT
  • Canbud Provides Corporate Update

    Toronto, Ontario--(Newsfile Corp. - August 19, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation" or "Canbud") is pleased to provide the following update:Consolidation of activities and associated licenses: Following a review of current and planned activities, including the planned acquisition of Steep Hill Inc., Canbud has elected to make the following changes to streamline and rationalize its operations to maximize resources and future capital investments.Canbud has voluntarily submitted a request to cancel the Federal Sales License...

    2021-08-19 7:00 AM EDT
  • Canbud To Enter U.S. Analytical Testing Services Market - Signs LOI To Acquire Steep Hill Inc.

    Toronto, Ontario--(Newsfile Corp. - August 9, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation" or "Canbud") is pleased to announce that, on August 7, 2021, it entered into a non-binding Letter of Intent (the "Letter of Intent") with Steep Hill Inc.("SH") in respect of a proposed transaction (the "Proposed Transaction"), whereby the Corporation would acquire all of the issued and outstanding common shares of SH.SH, the first commercial cannabis laboratory founded in 2008, is one of the...

    2021-08-09 3:44 PM EDT
  • Canbud Subsidiary, Molecular Science Corp., Receives Dealer's License - Becomes One of Very Few Organizations Able To Work With Psilocybin with Health Canada Approval

    Toronto, Ontario--(Newsfile Corp. - August 3, 2021) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Corporation") is pleased to announce that its wholly-owned subsidiary, Molecular Science Corp. ("MSC" or the "Company"), a leading GMP analytical services company, has received its Dealer's License from Health Canada on July 30, 2021. As a result, MSC has become one of very few organizations able to work with Psilocybin with Health Canada approvalThis significant milestone expands MSC's current licensed capabilities to include...

    2021-08-03 9:02 AM EDT
  • Canbud Distribution Corporation Completes Acquisition of Molecular Science Corp.

    Toronto, Ontario--(Newsfile Corp. - July 8, 2021) - Canbud Distribution Corporation (CSE: CBDX) ("Canbud" or the "Corporation") is pleased to announce that it has completed its previously announced acquisition (the "Acquisition") of Molecular Science Corp. ("MSC"). The Acquisition was completed by way of a "three-cornered" amalgamation, whereby a newly-formed wholly-owned subsidiary of the Corporation amalgamated with MSC under the Business Corporations Act (Ontario) to form MSC Corp., a wholly-owned subsidiary of the Corporation. In connection with the Acquisition, the Corporation...

    2021-07-08 5:52 PM EDT
  • Canbud's Subsidiary Empathy Plant Co. Joins the Plant-Based Foods of Canada (PBFC) Association

    Toronto, Ontario--(Newsfile Corp. - June 22, 2021) - Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) ("Canbud" or the "Corporation") is pleased to announce that its subsidiary Empathy Plant Co. has joined Plant-Based Foods of Canada (PBFC).PBFC was founded in 2018 and has since acted as the collective voice of plant-based food companies. As a division of Food, Health & Consumer Products of Canada (FHCP), they work to keep consumers, governments and industry participants informed about the benefits of plant-based foods....

    2021-06-22 7:00 AM EDT
  • Canbud Distribution Enters into Definitive Agreement to Acquire Molecular Science Corp.

    Toronto, Ontario--(Newsfile Corp. - June 18, 2021) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Corporation") is pleased to announce that, further to its news release of May 27, 2021, it has entered into a definitive acquisition agreement (the "Acquisition Agreement") with Molecular Science Corp. ("MSC") and 2847719 Ontario Inc. ("Subco"), a wholly-owned subsidiary of Canbud, pursuant to which it agreed to acquire all of the outstanding securities of MSC by way of a three-cornered amalgamation (the "Transaction"). The Transaction...

    2021-06-18 7:00 AM EDT
  • Canbud Distribution Enters into Letter of Intent to Acquire Molecular Science Corp.

    Toronto, Ontario--(Newsfile Corp. - May 27, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation") is pleased to announce that, on May 25, 2021, it has entered into a non-binding Letter of Intent (the "Letter of Intent") with Molecular Science Corp. ("MSC") in respect of a proposed transaction (the "Proposed Transaction"), whereby the Corporation would acquire all of the issued and outstanding common shares of MSC by way of a three-cornered amalgamation. MSC is a privately held analytical...

    2021-05-27 7:00 AM EDT