KELOWNA, British Columbia, March 11, 2019 (GLOBE NEWSWIRE) -- Today Starbuds Canada, an independent corporate cannabis retailer, is pleased to announce it is bringing its education-based retail cannabis experience to the Alaskan Highway Region, with the opening of its retail location in Dawson Creek, British Columbia. The retail location is the first to open under the Starbuds Canada brand, with several others in various licensing phases in British Columbia, Saskatchewan, and Alberta.



“We’re excited to bring our education-first approach to cannabis to Dawson Creek,” says Dave Martyn, President and Co-Founder of Starbuds Canada. “From what we’ve seen across the country, more access to retail cannabis storefronts is the best way to beat the black market. We’re happy to provide Dawson Creek with safe, regulated access to cannabis and look forward to opening more locations across British Columbia in the future.”

Martyn says this retail location represents an important step in Starbuds’ projected growth strategy to become the leading cannabis retailer in Canada. As part of that strategy, the company has multiple licences underway for retail shops in British Columbia, Alberta, and Saskatchewan, with plans to expand into Ontario as lottery restrictions ease.

Starbuds' first British Columbia retail location is at the Dawson Mall at 19-11000 8th Street in Dawson Creek, and is open Monday to Thursday from 10 a.m. to 9 p.m., Friday and Saturday 10 a.m. to 10 p.m. and Sunday from 10 a.m. to 7 p.m.

For more information about Starbuds Canada, visit Starbuds.co.

About Starbuds Canada

Starbuds 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.

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/eed66d00-28db-49dc-866c-6633eb602572