Canbud Distribution Corporation announced that its board of directors has appointed Sameet Kanade as Chief Executive Officer of the Company, effective immediately. Mr. Kanade, succeeds Mukesh (Steve) Singh who has stepped down from these positions in order to focus on other ventures. Mr. Singh will serve as a strategic advisor, to the Company to ensure a proper transition and to provide advice the Company on strategic matters.

Sameet Kanade is an experienced business executive, who has most recently served as Chief Executive Officer of the Company's recently acquired subsidiary, Molecular Science Corp.