- Sproutly
Canada reaches company milestone with its first completed harvests of
premium quality, small-batch cannabis
- The
company offers the world’s first natural, truly water-soluble cannabis
solution made with bio-natural oils through subsidiary Infusion Biosciences
- The
Canadian cannabis beverage market is estimated to reach up to $4.4 billion
by 2024
Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) envisions
a year of growth and expansion through its focus on cannabis beverages made
using a revolutionary process featuring water-soluble ingredients.
Since going public in July 2018, with a focus on its goal of
becoming a global competitor in the cannabis beverage and edibles realm,
Sproutly has reached a significant milestone at its production facility in
Toronto, called Toronto Herbal Remedies. Notably, the company completed its
first two harvests of its premium quality, small-batch cannabis. These batches
produced “highly efficient yields for an initial grow,” according Bryan
Semkuley, president of Sproutly Canada. If the production results of these
initial high-quality batches are replicated across all 12 of Toronto Herbal
Remedies’ flowering rooms, the company will be able to radically increase its
production capacity (http://ibn.fm/vKX0v).
In developing the world’s first natural, truly water-soluble
cannabis solution made with bio-natural oils, Sproutly Canada is positioned to
revolutionize the cannabis beverage and edibles market. By partnering with
already established local and global consumer brands, the company hopes to
utilize its partners’ existing customer bases to increase widespread consumer exposure
to this technological breakthrough, achieving greater market penetration.
The Canadian cannabis market has been growing steadily as
waves of legalization have been moving around the world, and it is estimated to
be an $8.7 billion market by 2024. Growing steadily in its wake is the lesser
known but ultimately promising Canadian cannabis beverage market, which is
estimated to reach up to $4.4 billion by 2024, without factoring in an
additional market boon created by a demand for naturally water-soluble cannabis
beverages (http://ibn.fm/33Gzt).
In this sense, Sproutly is well-positioned to penetrate that market through its
acquired company, Infusion Biosciences, creator of the world’s first naturally
water-soluble cannabis.
This cannabis beverage represents a “paradigm shift” in the
world of cannabis products in regards to delivery and consumption. The
product (http://ibn.fm/xNz9e)
is touted as “predictable,” taking fewer than five minutes to produce effects
and less than 90 minutes to wear off. It is comparable in its effects to
smoking and vaping; discrete in its odorless and smokeless useability;
versatile, with many end-user applications; and “precise” in its dosage, with the
“ability to deliver a measurable amount of cannabis.”
With the Canadian cannabis beverage and edibles market
preparing for potential legalization in 2019, Sproutly is anticipating a strong
year of expansion in its pursuit of becoming a top supplier of water-soluble
cannabis solutions and bio-natural oils.
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
About QualityStocks
QualityStocks is
committed to connecting subscribers with companies that have huge potential to
succeed in the short and long-term future. It is part of our mission statement
to help the investment community discover emerging companies that offer
excellent growth potential. We offer several ways for investors to learn more
about investing in these companies as well as find and evaluate them.
QualityStocks (QS)
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Scottsdale, Arizona
www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
Please see full terms of use and disclaimers on the
QualityStocks website applicable to all content provided by QS, wherever
published or re-republished: http://www.qualitystocks.net/disclaimer.php
No comments:
Post a Comment