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Toronto, Ontario–(Newsfile Corp. – April 7, 2021) – Canbud Distribution Corporation (CSE: CBDX) (FSE: CD0) (“Canbud” or the “Corporation“) is pleased to announce it has entered into a research partnership with Brock University for the potential application of fungi as a Climate Smart Sustainable Natural Fungi BioFertilizer for crop cultivation, inclusive of hemp plants. The project was recently launched after the Brock research team obtained the required license from Health Canada.

Canbud continues to develop its science based competitive advantages as part of the Corporation’s strategy, positioning itself as a first mover and soon to become leader in sustainable development. Canbud has formed a partnership with Brock University biologist Dr. Michael Bidochka and his research team to investigate the effects of endophytic fungi on hemp plants. The Corporation aims to develop a game-changing Climate Smart Sustainable Natural Fungi BioFertilizer for crops cultivation which could reduce and replace chemical fertilizer, likewise applicable to hemp plants, therefore supporting sustainable global hemp and food production.

In a ground-breaking study conducted in 2012, Professor Bidochka and his team found that certain fungi, which feast upon over 200 different kinds of soil-borne insects, exhibit the ability to transfer nitrogen from the dead bugs into plants through the plant’s root system. This breakthrough discovery led Professor Bidochka and his team of researchers to take this application a step further. A subsequent study in 2017 found that plants transfer carbohydrates back into the fungus, supplying the fungus with much-needed energy, making the fungus-plant relationship truly symbiotic and self-sustaining.

Head researcher Professor Katie Field, from the University of Leeds’ School of Biology and Global Food and Environment Institute, said: “Fungi could be a valuable new tool to help ensure future food security in the face of the climate and ecological crises.” (https://www.leeds.ac.uk/news/article/4487/fungi_could_reduce_reliance_on_fertilisers).

According to the report published by Global Market Insights Inc., the global fertilizer market size was estimated at $196.97 billion in 2019, anticipated to reach $200 billion by 2026, registering a CAGR of 3.2% from 2020 to 2026.

Robert Tjandra, President and Chief Operating Officer at Canbud, is impressed with Dr. Bidochka team’s fungi research and excited by the possibility that the concept could be applied to hemp plants, commenting, “It’s important to see if there are biological or organic solutions to certain problems such as chemical fertilizer and pest control. We’re trying to be more sustainable by using biological rather than chemical solutions, which will give us a competitive advantage, and further positions the Corporation as an ESG company.” As Environmental, Social & Governance (ESG) evolves into a strategic business imperative and operational focus for Canbud, the Corporation continues to look for and develop revenue generating game changing solutions spinning out from its core businesses.

About Canbud Distribution Corporation

Canbud Distribution Corporation is a science and technology health and wellness company that encompasses plant based, psychedelic pharmaceutical and non-psychedelic nutraceutical, and hemp cannabinoids (CBD) verticals.

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For further information, please contact:
[email protected]
or
Robert Tjandra, President and COO
Tel: 1 416 847 7312

Notice Regarding Forward Looking Information

This news release is not an offer to sell, or a solicitation of an offer to buy or sell, any securities of the Corporation and may not be relied upon in connection with the purchase or sale of any such security.

This news release contains “forward-looking information” within the meaning of Canadian securities legislation. The forward-looking information contained in this news release represents the expectations of the Corporation as of the date of this news release and, accordingly, is subject to change after such date. Forward-looking information includes information including statements with respect to the future exploration performance of the Corporation. Forward-looking information is based on, among other things, opinions, assumptions, estimates and analyses that, while considered reasonable by the Corporation at the date the forward-looking information is provided, are inherently subject to significant risks, uncertainties, contingencies and other factors that may cause actual results and events to be materially different from those expressed or implied by the forward-looking information. The risks, uncertainties, contingencies and other factors that may cause actual results to differ materially from those expressed or implied by the forward-looking information may include, but are not limited to (i) adverse market conditions; (ii) risks inherent in the CBD, psychedelics and vegan protein industries in general or (iii) risks generally associated with the Corporation’s business, as described in the Corporation’s public filings on SEDAR, which readers are encouraged to review in detail prior to any transaction involving the securities of the Corporation. Actual results and future events could differ materially from those anticipated in such information. These and all subsequent written and oral forward-looking information are based on estimates and opinions of management on the dates they are made and are expressly qualified in their entirety by this notice. Except as required by law, the Corporation does not intend to update these forward-looking statements. Readers should not place undue importance on forward-looking information and should not rely upon this information as of any other date.

Not for distribution to U.S. news wire services or dissemination in the United States.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79584

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