Life Science News

Canbud Distribution Corporation has announced a name and symbol change to Steep Hill Inc. (STPH). 

Shares will begin trading under the new name, symbol and with a new CUSIP number on February 28, 2022.

Disclosure documents are available at www.thecse.com

Please note that all open orders will be cancelled at the end of business on February 25, 2022. Dealers are reminded to re-enter their orders.

_________________________________

Canbud Distribution Corporation a annoncé un changement de nom et de symbole pour Steep Hill Inc. (STPH)

Les actions commenceront à être négociées sous le nouveau nom, le nouveau symbole et avec un nouveau numéro CUSIP le 28 février 2022.

Les documents de divulgation sont disponibles sur www.thecse.com

Veuillez noter que toutes les commandes ouvertes seront annulées à la fin des activités le 25 février 2022. Les concessionnaires sont priés de saisir à nouveau leurs commandes.

Effective Date/ Date effective :

le 28 février/February 2022

Old Symbol/Vieux symbole :

CBDX

New Symbol/Nouveau symbole :

STPH

New CUSIP/ Nouveau CUSIP :

85832P 10 9

New ISIN/ Nouveau ISIN :

CA 85832P 10 9 9

Old/Vieux CUSIP & ISIN :

137333100/CA1373331000

 

If you have any questions or require further information, please contact Listings at (416) 367-7340 or E-mail: Listings@thecse.com

Pour toute question, pour obtenir de l'information supplémentaire veuillez communiquer avec le service des inscriptions au 416 367-7340 ou par courriel à l'adresse: Listings@thecse.com

News Provided by Newsfile via QuoteMedia

CBDX:CC
Canbud Distribution Corp. Announces Name Change to "Steep Hill Inc."

Canbud Distribution Corp. Announces Name Change to "Steep Hill Inc."

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 its shares will commence trading under the new name and ticker symbol on or about market opening on or about Monday February 28, 2022.

No action will be required by existing shareholders with respect to the name change. Certificates representing common shares of the Company will not be affected by the name change and will not need to be exchanged. The Company encourages any shareholder with any questions or concerns to contact the Company or to discuss any of the foregoing with their broker or agent.

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Canbud Distribution Corp. Announces Intention to Change Name and Stock Symbol

Canbud Distribution Corp. Announces Intention to Change Name and Stock Symbol

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 announcing the name change and the expected effective date of trading under the new name and symbol.

Sameet Kanade, Chief Executive Officer of the Company, commented: "The "Steep Hill" name is one of the longest standing brands in the North American analytical testing market within the cannabis sector. Following the closing of the Company's acquisition of US-based, Steep Hill Inc., the Company's focus is on continuing growth in the North American market. The proposed corporate name change is aimed to provide the Company with a stronger and more specific brand identity, which is associated with the significant technical and scientific expertise within the Company."

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Canbud Announces Appointment of Sameet Kanade as Chief Executive Officer and Director and Retirement of Steve Singh

Canbud Announces Appointment of Sameet Kanade as Chief Executive Officer and Director and Retirement of Steve Singh

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 to provide advice the Company on strategic matters.

Steve Singh commented, "I have led Canbud from its inception and I am proud of the progress it has made, including its recent acquisitions in the analytical testing services sector in Canada and the US. It is now the right time for me to transition and hand the reins over to the next leaders to take the Company forward."

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Canbud Distribution Announces the Closing of its Acquisition of Steep Hill Inc

Canbud Distribution Announces the Closing of its Acquisition of Steep Hill Inc

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 plan of merger and reorganization agreement (the "Merger Agreement") dated December 8, 2021, between the Company and its wholly-owned subsidiary, Canbud Merger Sub, Inc. ("Subco"), and Steep Hill, pursuant to which Canbud acquired all of the outstanding shares of Steep Hill by way of a triangular merger.

Steve Singh, Chief Executive Officer of Canbud stated: "We are pleased to complete the Steep Hill acquisition, which provides Canbud with an enhanced platform to build on its business. Our goal is to accelerate the growth of Steep Hill and the expansion of its brand in new markets, and continue to focus on our expanded analytical testing business operations within the cannabis and hemp market sectors."

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Canbud Distribution Enters Into Definitive Agreement to Acquire Steep Hill, Inc.

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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 by way of a triangular merger (the "Transaction"). The Transaction is subject to receipt of all necessary regulatory approvals and certain other conditions as described below.

About Steep Hill Inc.

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