Steep Hill Inc. to Close Canadian Lab and Focus on US Operations
Toronto, Ontario--(Newsfile Corp. - September 2, 2022) - Steep Hill Inc. (CSE: STPH) ("Steep Hill" or the "Company") has made the decision close its analytical testing facility in Scarborough, Ontario on September 1, 2022. "Molecular Science Corp. (MSC) was one of the first purpose-built labs in the regulated cannabis sector in Canada. Changes in the market including price compression and increased costs have made ongoing operations unsustainable from profitability standpoint," said Sameet...
2022-09-02 7:00 AM EDT
Steep Hill Inc. Provides An Update
Toronto, Ontario--(Newsfile Corp. - July 25, 2022) - Steep Hill Inc. (CSE: STPH) ("Steep Hill" or the "Company"), a leading cannabis science and technology company, was named as one of several defendants in a complaint filed in the United States District Court for the Eastern District of Arkansas. The complaint, brought by purchasers of medical marijuana in Arkansas, on behalf of a proposed class, alleges that the Company's licensee, Steep Hill Arkansas, and Arkansas based cannabis...
2022-07-25 8:29 AM EDT
Steep Hill Enters License Agreement For a Licensed Lab in Vermont
California and Toronto, Ontario--(Newsfile Corp. - May 6, 2022) - Steep Hill Inc. (CSE:STPH) ("Steep Hill" or the "Company"), a pioneer and leader in cannabis analytical testing announces that it has entered into a licensing agreement (the "Licence Agreement") with SH Lab Holdings LLC ("Steep Hill Vermont"), expanding its network of licensees to the state of Vermont. Under the terms of the License Agreement signed on April 20, 2022, the Company's wholly owned subsidiary, Steep Hill (US)...
2022-05-06 8:33 AM EDT
Canbud Distribution Corp. Announces Name Change to "Steep Hill Inc."
Toronto, Ontario--(Newsfile Corp. - February 23, 2022) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Company") is pleased to announce that further to its press release dated February 14, 2022, the Corporation has now filed articles of amendment with an effective date of Monday February 28, 2022 to change its corporate name from Canbud Distribution Corp. to "Steep Hill Inc." The Company's new stock symbol on the Canadian Securities Exchange will be "STPH", and the Company expects...
2022-02-23 5:10 PM EST
Canbud Distribution Corp. Announces Intention to Change Name and Stock Symbol
Toronto, Ontario--(Newsfile Corp. - February 14, 2022) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CDO) ("Canbud" or the "Company") announces that it intends to change its name to "Steep Hill Inc." and its stock symbol to "STPH". The proposed Company name and stock symbol changes are subject to approval from the Canadian Securities Exchange and its receipt of new CUSIP and ISIN numbers. Assuming the satisfaction of these requirements, the Company intends to issue a subsequent news release...
2022-02-14 8:35 AM EST
Canbud Announces Appointment of Sameet Kanade as Chief Executive Officer and Director and Retirement of Steve Singh
Toronto, Ontario--(Newsfile Corp. - February 1, 2022) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Company") is pleased to announce that its board of directors has appointed Sameet Kanade as a director and Chief Executive Officer of the Company, effective immediately. Mr. Kanade, succeeds Mukesh (Steve) Singh who has stepped down from these positions in order to focus on other ventures. Mr. Singh will serve as a strategic advisor, to the Company to ensure a proper transition and...
2022-02-01 9:09 AM EST
Canbud Distribution Announces the Closing of its Acquisition of Steep Hill Inc
Toronto, Ontario--(Newsfile Corp. - January 31, 2022) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Company") is pleased to report that it has completed its previously announced acquisition (the "Transaction") of Steep Hill, Inc. ("Steep Hill"), a cannabis science company in the business of providing lab testing, research and development, and consulting services in in the United States and elsewhere in the world. The Transaction was completed in accordance with an agreement and...
2022-01-31 7:00 AM EST
Canbud Distribution Corp. Announces Update on Pending Acquisition of Steep Hill, Inc.
Toronto, Ontario--(Newsfile Corp. - January 10, 2022) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Company") is pleased to provide the following updates on its pending acquisition of Steep Hill, Inc. ("Steep Hill"), a cannabis science company in the business of providing lab testing, research and development, and consulting services in in the United States and elsewhere in the world. As previously announced, on December 8, 2021, Canbud and its wholly-owned subsidiary, Canbud...
2022-01-10 10:31 AM EST
Canbud Distribution Enters Into Definitive Agreement to Acquire Steep Hill, Inc.
Toronto, Ontario--(Newsfile Corp. - December 8, 2021) - Canbud Distribution Corp. (CSE: CBDX) ("Canbud" or the "Corporation") is pleased to announce that, further to its news release of August 9, 2021, it has entered into a definitive merger agreement (the "Merger Agreement") with Steep Hill, Inc. ("Steep Hill") and Canbud Merger Sub, Inc. ("Subco"), a wholly-owned subsidiary of Canbud, on December 7, 2021 pursuant to which it agreed to acquire all of the outstanding securities of Steep Hill...
2021-12-08 11:52 AM EST
Canbud Appoints New Board Member and Provides Acquisition Update
Toronto, Ontario--(Newsfile Corp. - October 8, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation" or "Canbud") is pleased to provide the following update: Addition of Dr. Jane Wright-Mitchell, PharmD, JD to the Board of Directors. Based in California, Dr. Jane Wright-Mitchell is an experienced healthcare and life sciences attorney with more than 20 years working with pharmaceutical and medical device companies. She is currently General Counsel, Chief Compliance...
2021-10-08 8:31 AM EDT
Canbud Provides Updates on Progress on Psychedelics Operations
Toronto, Ontario--(Newsfile Corp. - October 6, 2021) - Canbud Distribution Corp. (CSE: CBDX) (FSE: CD0) (the "Corporation" or "Canbud") Management would like to provide the following update on the developments in the Jamaican operations. On December 7, 2020, Canbud announced that it had entered into a definitive agreement dated December 4, 2020 to acquire 100% of the issued and outstanding securities of 2688453 Ontario Ltd. in exchange for 7,600,000 common shares at a deemed price per share...
2021-10-06 8:48 AM EDT
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...
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...
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...
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 approval This significant milestone expands...
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...
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...
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...
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...
2021-05-27 7:00 AM EDT
Canbud Distribution Clarifies Previous Disclosure
Toronto, Ontario--(Newsfile Corp. - May 20, 2021) - Canbud Distribution Corporation (CSE: CBDX) (the "Corporation") announces that, as a result of a review of its continuous disclosure record by the Ontario Securities Commission (the "OSC"), the Corporation is issuing this news release to clarify certain disclosures made in its news releases dated December 1, 2020, December 7, 2020 and December 29, 2020, and to provide an update relating to previously disclosed forward-looking information...
2021-05-20 7:00 PM EDT