- Sproutly
Canada is committed to redefining the cannabis industry
- SRUTF’s
ACMPR-licensed facility was built for the cultivation of
pharmaceutical-grade cannabis
- The
company is developing the Aqueous Phytorecovery Process
Based in Vancouver, British Columbia, Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) engages
in developing and bringing to market consumer cannabis products, with an
emphasis on beverages. The company’s primary mission is to become the foremost
supplier of water-soluble cannabis solutions and bio-natural oils to the
developing beverage and consumables market. Sproutly Canada’s ACMPR-licensed
facility in Toronto, Ontario, was built to cultivate pharmaceutical-grade
cannabis.
Fundamentally, Sproutly is combining advanced cannabis
cultivation and transformational technologies to redefine the cannabis
industry. Via its acquisition of Infusion Biosciences, the company is bringing
to market a patent-pending technology called the Aqueous Phytorecovery Process
(APP) (http://ibn.fm/8YiAP).
Sproutly is the exclusive licensee of Infusion’s APP technology for the
recovery of naturally water-soluble phytochemicals (Infuz2O). Sproutly also
owns exclusive rights to the technology in Canada, Australia, Jamaica, Israel
and the European Union.
True natural-water solubility replaces traditional
water-compatible solutions, improving the body’s ability to use cannabinoids.
APP provides onset and offset times that mirror the same effect as inhaled
marijuana. This process maintains stability without modifying cannabis
compounds. APP technology is a highly scalable and low-cost recovery method. It
yields desirable economics versus other extraction methods, which necessitate
additional processing beyond extraction to produce consumable products (http://ibn.fm/eaL0q).
Consumers are moving toward greater acceptance of cannabis.
However, the trend is away from smoking the plant in favor of the consumption
of cannabis products as drinks and oils. The National Post noted
in a recent release (http://ibn.fm/dQqw9)
that “in a second wave of recreational legalization, cannabis-infused food and
drink will be lawful in Canada no later than October 17, 2019, and sales are
projected to boom.” The potential Canadian cannabis beverage market is
estimated to reach $4.4 billion by 2024, with the total Canadian cannabis
market projected to top $8.7 billion that same year (http://ibn.fm/RSwdv).
Sproutly Canada is positioned to leverage this trend. The
company’s plan is to capitalize on domestic and worldwide opportunities by
executing on partnerships with local and internationally established consumer
brands. The goal is to take advantage of the existing customer bases of these
brands. In addition, the company will concentrate on expanding brand loyalty
and assisting with marketing while supporting distribution networks.
In addition to Infusion Biosciences Inc., Sproutly Canada’s
current brands include Toronto Herbal Remedies (“THR”). Under ACMPR, THR is a
licensed producer. A biotechnology company, Infusion Biosciences focuses on
discovering and commercializing unique, science-based cannabis technologies.
Recently, Sproutly Canada announced that THR was granted a
processing license from Health Canada. This license permits THR to produce
cannabis oil and related products (http://ibn.fm/IZ4Mp).
Moreover, the license permits the company to conduct certain research and
development activities, including the formulation of proprietary beverage
products.
In a news release, Sproutly Canada CEO and Director Keith
Dolo stated, “We are making steady progress towards achieving Sproutly’s
mission of delivering a safe and consistent whole-plant experience from
cannabis, with a lead position in the beverage market. The Processing License
grant is a major milestone towards the path to commercializing our cannabis
beverages and other edible products.”
With a production facility capable of producing up to 1,400
kilograms per year, Sproutly Canada is positioned to benefit from the trend
toward cannabis drinks and oils. Sproutly remains centered on its mission of
pursuing and developing innovative technologies for the production, processing
and delivery of cannabis.
For more information, visit the company’s website at www.Sproutly.ca
NOTE TO INVESTORS: The latest news and updates
relating to SRUTF are available in the company’s newsroom at http://ibn.fm/SRUTF
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