Aug 9 (Reuters) - Relentless Resources Ltd RRL.V :
* SUGARBUD CRAFT GROWERS CORP. PROVIDES UPDATE REGARDING MANAGEMENT CHANGES AND ADDITIONS, FUNDING OF CANNABIS OPERATIONS, INSIDER PARTICIPATION IN RIGHTS OFFERING, INVESTMENT IN INNER SPIRIT HOLDINGS LTD. AND ANNOUNCES OPTION GRANT
* HAS APPOINTED MR. CRAIG KOLOCHUK, SUGARBUD'S PRESIDENT, TO POSITION OF PRESIDENT AND CHIEF EXECUTIVE OFFICER
* SWIATEK, SUGARBUD'S FORMER CHIEF EXECUTIVE OFFICER, WILL CONTINUE TO SERVE AS A DIRECTOR ON COMPANY'S BOARD OF DIRECTORS
* RELENTLESS RESOURCES-IN ADVANCED NEGOTIATIONS WITH 2 CANADIAN FINANCIAL INSTITUTIONS REGARDING A SYNDICATED CANNABIS FACILITY IN AMOUNT OF ABOUT $20 MILLION