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SBD Capital Corp Announces That the Acquisition of Drip Beverages Has Been Terminated

February 6, 2020 GMT

TORONTO, Feb. 06, 2020 (GLOBE NEWSWIRE) -- SBD Capital Corp. (CSE:SBD), (The “Company” or “SBD”) announces that the acquisition of Drip Beverages, originally announced on September 19, 2019, has been terminated effective January 31, 2020. It was determined the financing requirements were not achievable to proceed with the transaction.

On behalf of SBD Capital Corp. John Dyer, CFO647-946-2286

This news release contains certain “forward-looking statements” within the meaning of Canadian securities legislation. Forward-looking statements are statements that are not historical facts which address events, results, outcomes or developments that the Company expects to occur; they are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “aims”, “potential”, “goal”, “objective”, “prospective”, and similar expressions, or that events or conditions “will”, “would”, “may”, “can”, “could” or “should” occur. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made, and they involve a number of risks and uncertainties. Certain material assumptions regarding such forward-looking statements are discussed in this news release and the Company’s annual and quarterly management’s discussion and analysis filed at www.sedar.com. Except as required by the securities disclosure laws and regulations applicable to the Company, the Company undertakes no obligation to update these forward-looking statements if management’s beliefs, estimates or opinions, or other factors, should change. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.