THE BRAND BEHIND THE LEGACY.
Crafting Premium Cannabis and Elevating the Experience for Canadians Coast to Coast.
Who We Are.
The BC Bud Co. is a house of brands based out of British Columbia, providing premium cannabis products to consumers across six provinces. We take great pride in the legacy of BC Bud and are focused on showcasing it for years to come.
For decades, the term ‘BC Bud’ has been a mark of quality and is respected here at home and around the world for what it is: the best of the best.
Cultivators in BC have always pushed the boundaries of what ‘AAAA’ quality cannabis can really be, innovating their way through every challenge. The BC Bud Co honours this heritage through each of its award-winning products.
Our products.
flower
Sativa, Indica, Hybrid
vapes
Sativa, Indica, Hybrid
pre-rolls
Sativa, Indica, Hybrid, infused
concentrates
live resin, live rosin
edibles
almonds, coffee beans
merchandise
hats, tees, hoodies & more
our standards.
DISCOVER THE EXCEPTIONAL QUALITY OF BC BUD CO.
We prioritize quality in every step of our production process, ensuring premium cannabis products.
Quality First.
We are committed to providing exceptional products and service that exceed expectations.
Customer Satisfaction.
We prioritize our local communities and strive to make a positive difference supporting local-first.
Community Focus.
We are committed to pushing boundaries and driving innovation in the cannabis industry.
Innovation Driven.
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WHAT OUR CUSTOMERS SAY.
Get the latest news and updates from the BC Bud Co. (CSE: BCBC)
News and Updates.
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.
January 17, 2025
VANCOUVER, BC, January 17th, 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 initial tranche of its previously announced (see news release dated January 9, 2025) non-brokered private placement (the "Placement"). Gross proceeds of $631,300 were raised through the sale of 8,417,332 units at a price of $0.075 per unit (each a "Unit"). Each Unit is comprised 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. No finder's fees were paid in connection with the initial tranche of the Placement. All securities issued in the first tranche are subject to a statutory hold period expiring on May 18, 2025, in accordance with applicable securities legislation. Net proceeds of the Placement will be used for business development and general working capital purposes. Consulting and Awareness Agreement The Company is also pleased to announce that it has entered into a consulting and awareness service agreement with Hillside Consulting & Media Inc., an arm’s-length service provider. Under the agreement, Hillside Consulting will provide the Company with: Ad copy and content writing Search engine optimization (SEO) Video and ad creation Email and SMS advertising Content creation Hillside Consulting will begin providing services effective immediately for a period of two months. In consideration for these services, the Company will pay Hillside $25,000 CAD per month. Hillside Consulting Contact Information: 📍 Business Address: 474 Main St, Penticton, BC, V2A 5C5 📞 Stephen Gilberson: 250-485-3615 📧 Email: hillsideconsultingmedia@gmail.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 anticipated use of net proceeds from the Placement. The engagement of Hillside Consulting, including the expected length of the engagement and services to be provided. The compensation expected to be paid for these services. 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 engagement with Hillside Consulting will proceed as expected. That the agreement with Hillside Consulting will not be terminated early. 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 risk that the engagement with Hillside Consulting may not proceed as expected. The risk that the agreement with Hillside Consulting may be terminated early. The potential for unanticipated costs and changes in the Company’s business plans. The possibility of regulatory changes affecting the Company’s operations. 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 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.
December 31, 2024
VANCOUVER, BC, December 31, 2024 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to announce that it has appointed Alyssa Barry to the Board of Directors. Alyssa Barry is the President of Alliance Advisors Investor Relations, joining through the 2024 acquisition of irlabs, a leading IR firm she co-founded in 2021. With 20 years of capital markets and investor relations experience, Alyssa’s expertise spans shareholder activism, corporate governance, and taking companies public in Canada and the US. She has raised over $1 billion in capital and previously served as Corporate Secretary of Artis REIT (TSX: AX.UN). In 2024, Alyssa was named one of Canada’s Most Powerful Women: Top 100 by the Women’s Executive Network (WXN) and recognized in Business in Vancouver’s Top 40 Under 40. The Company has also accepted the resignation of Brian Taylor from the Board of Directors effective December 30, 2024. "We are absolutely thrilled to welcome Alyssa Barry to our Board of Directors," stated Brayden Sutton, CEO. "Her extensive experience in capital markets, corporate governance, and shareholder activism will be invaluable as we continue to grow and evolve. On behalf of all shareholders, I can say that we feel incredibly fortunate to have someone of Alyssa’s caliber and pedigree join us at this pivotal moment." "I would also like to extend my heartfelt gratitude to Brian Taylor for his outstanding contributions to The BC Bud Co. We wish him continued success in all his future endeavors. As we embark on this new chapter of leadership, we are excited for the future we will build together." About The BC Bud Co. The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. 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.
December 3, 2024
VANCOUVER, BC, November 7, 2024 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to report that further to its press release dated October 29, 2024, it has completed the issuance to its two independent directors of an aggregate of 480,000 shares and to Vested One Media Inc. of an aggregate of 420,000 common shares all at a deemed price of $0.05 per share. All of the shares issued are subject to resale restrictions under the policies of the CSE expiring March 8, 2025. As previously advised, the issuance of compensation shares to the independent directors of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61- 101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the shares issued did not exceed 25% of the Company's market capitalization. About The BC Bud Co. The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. 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.
November 7, 2024
VANCOUVER, BC, November 7, 2024 – The BC Bud Corporation (CSE: BCBC) (OTCQB: BCBCF) (“The BC Bud Co” or the “Company”) is pleased to report that further to its press release dated October 29, 2024, it has completed the issuance to its two independent directors of an aggregate of 480,000 shares and to Vested One Media Inc. of an aggregate of 420,000 common shares all at a deemed price of $0.05 per share. All of the shares issued are subject to resale restrictions under the policies of the CSE expiring March 8, 2025. As previously advised, the issuance of compensation shares to the independent directors of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company relied on Section 5.5(a) of MI 61- 101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the shares issued did not exceed 25% of the Company's market capitalization. About The BC Bud Co. The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. 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.
October 29, 2024
VANCOUVER, BC, October 29, 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, is pleased to announce the appointment of Lachlan McLeod as Chief financial Officer effective November 1, 2024. Lachlan is a Chartered Professional Accountant (CPA) with a distinguished educational background, holding a BSc in Economics with a minor in Business from the University of Victoria. Additionally, he obtained his Diploma of Accounting from the Sauder School of Business at the University of British Columbia. With over a decade of accounting experience in both public and private companies, including four years as an auditor at a prominent Big 4 accounting firm, Lachlan has a proven track record of guiding businesses through financial and regulatory challenges. With experience as a fractional CFO for multiple public companies, he excels in ensuring compliance with financial reporting and continuous disclosure requirements. Lachlan succeeds Simon Tso in this role, who resigned effective October 25, 2024. The Company extends its sincere gratitude to Mr. Tso for his valuable contributions and dedication during his tenure and wishes him continued success in his future endeavours. In addition, in connection with the completion of the Company’s 2024 financial year end, the Company has determined to issue as compensation to its independent directors 240,000 shares each for an aggregate of 480,000 shares issuable all at a deemed price of $0.05 per share (the “Compensation Issuance”). The participation in the Compensation Issuance by insiders of the Company constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101. The Company relied on Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61-101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Compensation Issuance in so far as the Compensation Issuance involved interested parties did not exceed 25% of the Company's market capitalization. The Company has also entered into an arrangement with Vested One Media Inc. to issue 420,000 common shares at a price of $0.05 as compensation for services provided (the “Service Issuance”) for re-designing the Company’s website.All of the securities issuable pursuant to the Compensation Issuance and the Service Issuance will be subject to resale restrictions under the policies of the CSE expiring four months and one day from the date of issuance which is expected to occur on November 4, 2024. About The BC Bud Co. The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. 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.
October 16, 2024
VANCOUVER, BC, August 30, 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, announces that it has refiled its consolidated financial statements for the year ended February 28, 2023. Due to significant doubts on the reliability of the financial statements audited by the Company’s previous auditors, BF Borgers, CPA PC, the Company was required to have its financial statements for the year ended February 28, 2023, re-audited. As a result, the following adjustments were made for prior year comparative numbers as included in the filing issued as at October 15, 2024: As previously disclosed (see the Company’s press release dated May 27, 2024), the Canadian Public Accountability Board ("CPAB") has issued an enforcement report against the Company’s former auditor, BF Borgers CPA PC (the “Former Auditor”), which prohibited it from accepting Canadian reporting issuers as clients The Former Auditor was asked to resign by the Company. Pursuant to the re-audit of the financial statements of the Company for the year ended 2023, the following amounts have been restated compared to what was previously reported on SEDAR+: a reduction in accounts receivable by $305,736 to $259,785 as at February 28, 2023 to write down accrued revenue that was not collected after the year end; a reduction in advances by $529,387 to $Nil as at February 28, 2023 with a corresponding increase to inventory of $477,016 to $583,073 as at February 28, 2023 to reclassify advances to inventory and write down certain inventory amounts and their costs following a reassessment of IAS 2; a reduction in accounts payable by $37,420 to $227,895; an increase in the deficit of $320,687 as a result of the adjusting entries above. Adjustments to the Company’s income statement for the year ended February 28, 2023 reflect: a decrease in revenue of $720,346 to $269,239 with a corresponding decrease in the costs of good sold of $709,516 to $422,707 for the year ended February 28, 2023 following a reassessment of revenue recognition under IFRS 15 related to among other things products held on consignment; a decrease in advertising and promotion of $64,392 to $65,766 and corresponding increase to consulting fees of $12,736 to $325,196 to reclassify professional fees recorded within marketing fees in the year ended February 28, 2023; an allocation of $305,736 to ‘bad debt’ for which no prior allowance was made to write down accrued revenue not collected after the year ended February 28, 2023 following a reassessment of IFRS 9; and an inventory write down of $17,839 for which no prior allowance was made. The refiled financial statements and MD&A are available for viewing under the Company’s profile on the SEDAR+ website at www.sedarplus.ca . The Company expects to file its interim consolidated financial statements for the first quarter ended May 31, 2024 by early next week. Once filed the cease trade order issued by the British Columbia Securities Commission on September 9, 2024 would be revoked and the Company’s shares would be expected to resume trading on the CSE in due course. In other news, the Company has entered into a loan agreement with Sutton Ventures Ltd. (“Sutton”) dated effective August 30, 2024, a company owned and controlled by CEO Brayden Sutton, pursuant to which Sutton has advanced $100,000 to the Company as a secured loan (the “Loan”). The proceeds of the Loan are to be utilized for working capital purposes, and most specifically the completion of the Company’s audited financial statements for the financial year ended February 28, 2024 and restatement of the financial year ended February 28, 2023 (see the Company’s news release dated May 27, 2024). The Loan bears interest at a rate of 8.0% per annum and matures on the earlier of February 28, 2026 or an event of default occurring. The Loan is secured by way of a general security interest in all personal and after acquired property of the Company. The Loan is in addition to a $150,000 loan made by Sutton to the Company’s subsidiary in 2021. As Sutton is controlled by a director of the Company, the Loan constitutes a "related party transaction" as such term is defined under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions ("MI 61-101"). The Company is relying on exemptions from the formal valuation and minority approval requirements under MI 61-101 and more specifically Section 5.5(a) of MI 61-101 for an exemption from the formal valuation requirement and Section 5.7(1)(a) of MI 61- 101 for an exemption from the minority shareholder approval requirement of MI 61-101 as the fair market value of the Loan does not exceed 25% of the Company's market capitalization. About The BC Bud Co. The B.C. Bud Co. is a house of brands created by industry professionals who are passionate about the user experience. 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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