The BC Bud Corporation has announced that it intends to complete a change of business from being a cannabis brand and supplier to an investment issuer.
The company behind the cannabis brand The BC Bud Co.—which sells an array of products from flower and pre-rolls, to vapes, concentrates, and edibles made with inputs sourced from different cannabis producers—says the shift will bring greater value to its shareholders.
However, the company also emphasizes that it will continue to “operate and maximize the value of its existing cannabis assets while retaining flexibility regarding their future disposition.”
The company will evaluate these assets and manage them in accordance with its overall investment strategy and investment policy. As part of the Change of Business, the company will change its name to Digital Commodities Capital Corp and begin trading under the ticker symbol “RIPP.” Both of these changes remain subject to final CSE approval. Currently, the company trades on the CSE under the symbol BCBC.
If the proposed change of business is successful, the company’s new primary focus will be to seek returns through investments in accordance with its investment policy by utilizing the experience and industry contacts of the board and management.
Specifically, the company intends to operate as a diversified investment company with a focus on investing in digital and physical non-fiat assets, businesses, and private and publicly listed entities that are involved in high-growth industries, with a particular focus on hard commodities, cryptocurrencies, and the resource sector.
The company may also invest in other sectors that it identifies from time to time as offering particular value.
“With the dollar losing purchasing power and inflation eroding wealth, we are committed to positioning our shareholders ahead of the curve,” stated Brayden Sutton, CEO. “By investing in precious metals, cryptocurrencies like XRP, and strategic stakes in resource companies, we will not only hedge against currency debasement but also gain exposure to the critical commodities that power the digital revolution. We believe this strategic shift will ensure that our shareholders have access to the assets driving both the next monetary era and the infrastructure behind blockchain, AI, and advanced technology.”
In its most recent quarterly report for the period ending November 30, 2024, the company had $37,232 in revenue and $129,373 in net losses. This was up from $36,499 in revenue and $397,745 in net losses for the quarter ending August 31, 2024.
The company’s net loss over the past eight quarterly reporting periods was around $200,000 per quarter, with fluctuations due to adjustments for impairment of inventory and accounts receivable. As of November 30, 2024, the company had working capital of $436,937.
