KELOWNA, British Columbia, May 02, 2019 (GLOBE NEWSWIRE) -- 10330698 Canada Ltd., parent company of Compass Cannabis Clinics and Starbuds Canada, is pleased to announce that it has formally changed its name to ‘Starbuds International’ (‘the Company’). The name change comes at a time of rapid growth both domestically and abroad as the Company positions itself to become a global leader in retail cannabis.
“Cannabis acceptance continues to accelerate globally,” says Dave Martyn, President and Co-Founder of Starbuds International. “Since day one, it has been our goal to become one of the premiere cannabis retailers both in Canada and abroad. With our first Compass Lifestyle Clinic now open in Australia, it was the right time to formalize our corporate identity and our growth ambitions.”
With the name established, Starbuds will continue to look for opportunities to grow its medical cannabis operations as it assesses growth and acquisition opportunities in Europe and Southeast Asia.
Starbuds is also pleased to announce that it has won the ‘National Startup of the Year’ award at the 2019 O’Cannabiz cannabis awards. “It’s an honour to be able to win this award and celebrate the hard work our team has put in over the last year,” says Martyn. “While legalization has come with its fair share of roll out issues, this award is acknowledgement that we are heading in the right direction.” Those interested in learning more about Starbuds can visit https://starbuds.co.
About Starbuds International
Starbuds International is a leading independent adult-use cannabis retailer poised to establish itself as one of the world’s largest international cannabis retail companies. The company intends to capture significant market share in jurisdictions that allow private retail. Starbuds is changing the way people think about cannabis with expertly curated product selection and a best-in-class, education-driven customer experience. Starbuds leadership team has extensive experience in both the medical and recreational cannabis industries and deep retail expertise. The company has first-mover advantage in the new adult-use cannabis industry in Canada and, specifically, in British Columbia.
For further information contact
Daniel Winer
Marketing Director
daniel.winer@starbuds.co
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION
This news release contains certain forward-looking statements and forward-looking information (collectively referred to herein as “forward-looking statements”) within the meaning of applicable Canadian securities laws. All statements other than statements of present or historical fact are forward-looking statements. Forward-looking statements are often, but not always, identified by the use of words such as “anticipate”, “achieve”, “could”, “believe”, “plan”, “intend”, “objective”, “continuous”, “ongoing”, “estimate”, “outlook”, “expect”, “may”, “will”, “project”, “should” or similar words, including negatives thereof, suggesting future outcomes. Management of the Company believes the expectations reflected in such forward-looking statements are reasonable as of the date hereof but no assurance can be given that these expectations will prove to be correct and such forward-looking statements should not be unduly relied upon. Various material factors and assumptions are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking statements. Those material factors and assumptions are based on information currently available to the Company, including data from publicly available governmental sources as well as from market research and industry analysis and on assumptions based on data and knowledge of the retail cannabis industry which the Company believes to be reasonable. However, although generally indicative of relative market positions, market shares and performance characteristics, such data is inherently imprecise. While the Company is not aware of any misstatement regarding any industry or government data presented herein, the retail cannabis industry involves risks and uncertainties and is subject to change based on various factors.
Forward-looking statements are not a guarantee of future performance and are subject to and involve a number of known and unknown risks and uncertainties, many of which are beyond the control of the Company, which may cause the Company’s actual performance and results to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements.
Any forward-looking statements are made as of the date hereof and, except as required by law, the Company assumes no obligation to publicly update or revise such statements to reflect new information, subsequent or otherwise.