StockItOut
2 years ago
Just yesterday wondering same. We must wait next for Sproutly Canada, Inc. to settle its Management Cease Trade Order divestiture sales of Toronto Herbal Remedies and Sproutly, Inc. that owns the Toronto Herbal Remedies shares. Who is buying?, I'd like to know. Is it Sen and/or his friends or associates such that there could be a conflict of interest with appearance that Sen is running down Sproulty Canada to then purchase its subsidiary assets?
Disappointing to have Toronto Herbal Remedies divested from Sproutly Canada, Inc. that with loss of Toronto Herbal Remedies Sproutly Canada, Inc. loses its Canadian research license.
https://www.otcmarkets.com/stock/SRUTF/news/Sproutly-Receives-Research-License-from-Heath-Canada?id=352285
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Sproutly Provides Update Regarding Management Cease Trade Order
https://www.otcmarkets.com/stock/SRUTF/news/Sproutly-Provides-Update-Regarding-Management-Cease-Trade-Order?id=367079
Sproutly on June 29th, 2022 entered into court appointed Management Cease Trade Order to divest its ownership of Toronto Herbal Remedies and Sproutly, Inc. that owns the Toronto Herbal Remedies shares.
The Sproutly Canada, Inc. Cease Trade Order was reported by Sproutly as expected to be completed by August 28th, 2022, where also Sproutly Canada Inc.'s audited annual financial report filing for the year ending Feb. 28th, 2022 is about to be released.
Yes, it's Sept 3rd, and again Sen and company are late.
Announcements are expected soon.
Sen previously had Sproutly Canada, Inc. purchase Cannahive, but Sproutly became over extended, thus now selling THR and Sproutly, inc. Seems Sen is not a great business manager. I hope Sproutly operations (Cannahive in particular) are not negatively impacted by Sen other Sproutly lack of management.
Sproutly Canada, Inc. still has its Canadian sales license, its very unique APP technology that by patented extraction methodology creates edibles and beverages with whole flower quick onset, reliable timed MJ experience, has CannaHive and its state of the art high frequency efficient cost-lowering CannaHive production, packaging, and marketing technology and knowhow, and has aligned and deepened working relationship for design manufacture and production of MJ beverages with Kingston Cannabis and Kingston Aluminum (canned MJ beverages).
Sproutly Canada, Inc. will become seller, licenser, packer, distributor of edibles, beverages, and licensed technology, to streamline into singular product/marketing/sales/licensing focused company. Research will no longer be within Sproutly's business model.
I wonder if Sen and Sproutly Canada, Inc. will still partner and align with Toronto Herbal Remedies, that to me always seemed to be close to Sen's essence of approach, innovation, and outlook.
Sen releasing Toronto Herbal Remedies (if not in fact being purchased from Sproutly Canada by Arup Sen) seems may be his sobering and business maturing . Sproutly will be better streamlined.
The sales of Toronto Herbal Remedies and Sproutly, Inc. will improve Sproutly Canada, Inc.'s financials, and likely increase the company's value and value proposition by its efficiencies..
I'm hopeful though wonder if Sen has the moxy and focus to move Sproutly to real production and significant Sproutly presence in the various global MJ marketplaces.
I am excited to see developments with Cannahive technology along with APP technology, and Sproutly and Kingston's beverage releases and sales.
My sense Sen has also been waiting for general and overall broader market acceptance of marijuana, especially in the United States, but then I also wonder what outlook and plans, if any, Sen and Sproutly mngt see, expect, and anticipate specific for Sproutly in the U.S. marketplace. It will happen here in the U.S. (marijuana legalization), but when already?
I often think Sen has the dreams, and understands the interconnections of the MJ movement, but in practice is then another matter. He may be realizing he actually cannot just wait for the perfect timing, but that (better and actual) movement of action is needed in the here and now in order to realize his envissioned outcomes.
I think $SRUTF is very very inexpensive right now. Very beat-up down trodden stock. It looks like a solid bottoming is occurring now. The company has many ducks in a row, pending its action and its substantial actualization in and into the marketplace.
$SRUTF = a buy
.
StockItOut
2 years ago
Sproutly Announces Expanded Relationship with Kingston Cannabis Inc.
VANCOUVER, BC, April 18, 2022 /CNW/ - Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) ("Sproutly" or the "Company"), announces that it is expanding its commercial relationship with Kingston Cannabis Inc. ("KCI"), a Health Canada Licensed processor.
Sproutly and KCI have agreed to form a joint venture ("JV") that will utilize the proprietary APP technology to produce proprietary, natural, whole plant extracts of cannabis and hemp which will be used to formulate, evaluate, manufacture, and sell beverage and edible products. Sproutly will grant the JV a license to use the APP technology to produce and sell the products in Canada and Australia, and may elect to expand to other countries in which Sproutly has exclusive rights to the APP technology. KCI will provide the licensed facility and operating services to the JV while Sproutly will provide the APP license, technical services and oversight. The parties will utilize the JV to jointly develop brands, market products, and share in JV profits. Sproutly retains the rights to grant APP licenses to other licensed producers and KCI retains the right to produce and sell other products that do not use the APP technology. APP processing operations are being set up at KCI allowing the JV to produce the extracts and finished products at the same site in order to minimize the cost to produce.
"Expanding the scope of the existing Sproutly-KCI relationship with this JV is a show of our successful collaboration in formulating and evaluating beverages using APP extracts. The JV will now integrate APP processing and finished product manufacturing to avoid potential issues that arise from divided manufacturing and avoid duplication of some operational expenses", said Arup Sen, CEO and director of Sproutly. "We can now offer prospective partners a fully integrated flower-to-finished product service." he added.
"We are harmonizing our operations to move in stride and release next generation botanical products and packaging that will shape medicine and technology. Our combined work, detailed research, and significant experience will be critical to establishing growth within local cannabis markets as well as international medical avenues. We are excited to welcome these new ideas to fruition and materialize a successful future with our partners." Said Jonathan Pilon, President of KCI.
About Sproutly Canada, Inc.
Sproutly is the exclusive licensee of APP technology (www.infusionbiosciences.com) to produce proprietary natural water-soluble Infuz2O and BioNatural Oils. Beverage and edible products produced using the whole plant extracts will deliver true to strain whole plant experiences to new consumers and cannabis connoisseurs alike, ushering in the Cannabis 3.0 revolution. Sproutly intends to enter into partnerships with established companies and consumer brands to market unique products that deliver cannabis and hemp whole plant experience and health and wellness benefits, in major commercial territories around the world.
For more information on Sproutly, please visit: www.sproutly.ca.
About Kingston Cannabis Inc.
Kingston Cannabis Inc. operates a licensed cannabis processing facility that creates high end cannabis-infused beverages, edibles, and capsules featuring recyclable metal containers. KCI harnesses the significant experience of its co-founder in the cannabis and homeopathic markets, as well as the expertise of its partnerinproducing unique, eco-friendly, world-leading aluminum packaging. KCI has significant international connections to world cannabis markets and works with all aspects of cannabis processing from ginetics to advanced manufacturing.
For more information on KCI, please visit: www.kingstoncannabisinc.ca
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Sproutly. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, timing relating to the Company's ability to complete a definitive agreement with KCI and launch Cannabis 2.0 products.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among other things, the Company's inability to launch or supply its Cannabis 2.0 products in Canada; the Company's inability to complete a definitive agreement with KCI and launch additional products; potential negative consumer, investor or public perception of the additional product lines; changes in consumer preferences and product trends; and political, legal and regulatory uncertainty relating to cannabis products generally. In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will launch its Cannabis 2.0 products in Canada; that the Company's products will be positively received by consumers in Canada; and that the Company will continue to develop and launch its Cannabis 2.0 products. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE Stone Ridge Exploration
For further information: Dr. Arup Sen, Chief Executive Officer and Director of Sproutly Canada, Inc., Email: investors@sproutly.ca
https://www.newswire.ca/news-releases/sproutly-announces-expanded-relationship-with-kingston-cannabis-inc--809756871.html
StockItOut
2 years ago
Sproutly Receives Research License from Health Canada
VANCOUVER, BC, April 13, 2022 /CNW/ - Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) ("Sproutly" or the "Company"), is pleased to announce that the company's wholly-owned subsidiary, Toronto Herbal Remedies Inc. ("THR"), a licenced producer under the Cannabis Act, has received a research licence from Health Canada effective April 11, 2022. The licence allows THR to evaluate the ingredients produced by the proprietary APP technology and product formulations incorporating these ingredients.
"We are pleased to receive this license since we can now evaluate our proprietary extracts and the unique 2.0 product formulations before moving them forward to manufacturing and sale to Canadian consumers." said Arup Sen, CEO & Director. "We believe it is important to know the sensory characters of the products we market and this license will allow us to further improve upon our beverage and edible product candidates", he added.
About Sproutly Canada, Inc.
Sproutly's core mission is to become the leading supplier to the cannabis beverage and edibles market. Our Toronto based, ACMPR licensed facility was built to cultivate pharmaceutical grade cannabis to supply a technological breakthrough in producing and formulating the first natural, truly water-soluble cannabis solution. Our water-soluble ingredients and our bio-natural oils will deliver revolutionary brands to international markets that are clamouring for well-defined commercial products. Sproutly's business focus is to execute on partnerships with local and globally established consumer brands to leverage their existing customer bases, further expand brand loyalty, assist with marketing, and support distribution networks to deliver this scientific breakthrough with speed and efficiency worldwide.
For more information on Sproutly, please visit: www.sproutly.ca.
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Sproutly Canada. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as "intends" or "anticipates", or variations of such words and phrases or statements that certain actions, events or results "may", "could", "should", "would" or "occur". This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, the expected launch of the Company's first line of beverage products. These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among other things, the Company successfully completing the development and production of its first line of beverage and cannabis products and obtaining all applicable regulatory approvals from global jurisdictions including Health Canada. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended, such as the Company's inability to successfully develop and produce its first line of beverage products or the Company's inability to obtain any necessary regulatory approvals. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
SOURCE Stone Ridge Exploration
For further information: Arup Sen, Chief Executive Officer of Sproutly Canada, Email: investors@sproutly.ca
https://www.newswire.ca/news-releases/sproutly-receives-research-license-from-heath-canada-888390888.html
StockItOut
2 years ago
Well thanks. I assure you I'm real, not trading this, have 300,000 shares. But I'm in at these current prices, not experiencing under water as you and 'half-full' express you are, which is a very different psychology, I understand.
SRUTF fairly recently ran up 300%. I held, sure would have been great to have sold while ip 300% and reacquire at current prices, but I round tripped it. I expect it to do it again (3X) at some point relatively easily too, and likely beyond much higher, whether on the next rise I cannot say. Sproutly marketcap is very low. I think the 'whole flower' approach is novel and very strong, what Sen refers to as Cannabis 3.0 (which I think is a stupid dry sizzle negating way to refer to it). Gummies, drinks coming, and soon, Cannhive, Kingston,, Infuz2O licensing to other beverage makers, quick on-set, consistent timed off-set, and whole plant uniqueness, benefits, experience, health even, I like it.
I'm retail, not a MM, not with Sen, not trading this. I expect to hold for years.
Things are happening with Sproutly.
I don't see mngt stock shenanegans. In fact I consider it a positive that Infuse BioSciences (which is Sen) loans Sproutly money and allows Sproutly to payoff loans with stock. Sproutly does not have wild if any debt.
Watch this mfer, it's going to go.
If you guys sell and drive this to $0.01, I'm gonna load up!
By the way, while back my broker contacted me because of my large share count, and offered I provide my shares for the active short market on SRUTF, where they's pay me a pretty nice premium. A thinly traded stock is easily manipulable by the Market Makers. I've watched these crooks literally cancel sales, ticks on the tape, that minutes later are gone. All my broker trade desk said was he could only see what was on the tape. yeah...
StockItOut
3 years ago
2-years' news: Technological Innovation Pushes Bounds of Edible Cannabis Market
September 11 2019 - 08:45AM
NetworkNewsWire
CannabisNewsWire Editorial Coverage: A desire to move away from smoking may be fueling growth in the edible cannabis products.
Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (SRUTF Profile) is developing new technology to manufacture cannabis edibles and to accurately measure their active ingredients. Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) (LXRP Profile) has created a bold new technology to make cannabis’ active ingredients more palatable and absorbable. BevCanna Enterprises Inc. (CSE: BEV) (OTC: BVNNF) is producing white-label products, giving other brands access to the market. HEXO Corp. (TSX: HEXO) (NYSE: HEXO) is meeting its regulatory needs by acquiring other licensed cannabis producers and processors. Valens GroWorks Corp. (TSX.V: VGW) (OTCQX: VGWCF) has created a large and growing extraction and testing facility.
Cannabis in food and drink offers both health and social advantages over smoking.
The market’s growth depends upon meeting the standards of regulators.
Market growth is driving innovation not just in the production of edible cannabis but also in the technology to measure contents.
To view an infographic of this editorial, click here.
Expanding the Bounds of Cannabis
As the legal boundaries of the North American cannabis industry expand, businesses are looking for ways to make the most of their products and reach the widest possible market. This quest has led to a growing shift in focus away from smoking, which is accompanied by significant health concerns and social challenges. Instead, companies are increasingly focused on alternatives such as edible cannabis products.
The growing demand presents challenges. One of the most obvious is developing the technology to effectively extract the active ingredients in cannabis and incorporate them into foods, drinks, vaping oils and other products. In addition, meeting regulatory standards is also a factor, as authorities move to set standards for a newly legalized industry. Meeting such standards means improving control over products, which in turn means improving measurement systems. And that means developing the technology to do the measuring.
The Advantages of Edible Cannabis
Edibles are quickly becoming an important focus for the cannabis market. Some companies are offering edibles, including beverages, as part of a wider product line, creating cannabis-infused drinks alongside wider beverage lines or more diverse cannabis products. Other companies have narrowed their focus to either cannabis edibles or cannabis-infused drinks. For Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G), the focus is on supplying water-soluble cannabis solutions and bionatural oils to be used in the beverages and consumables market.
The shift toward edibles is a direct response to the decrease in smoking. Cannabis legalization has arrived just as tobacco smoking is seeing a steep decline. Both the percentage of people who smoke and the number of cigarettes they consume each day are going down. Many people who are interested in cannabis, whether for medical or recreational reasons, don’t want to take up smoking. If the cannabis industry is to grow, it appears the most effective way may be to find other ways to reach these potential consumers.
Beverages may be one of the most promising ways to replace smoking as the leading form of cannabis consumption; this trend should provide growing business opportunities for companies such as Sproutly. Cannabis-infused beverages allow consumers to choose between alcohol and cannabis on a night out, with users of each able to enjoy the same social setting together.
The downside of this choice is that ingested cannabis typically takes longer to kick in than either alcohol or smoking, disrupting the social dynamic. Sproutly is working to solve this problem with its innovative Infuz2O technology, which provides faster delivery of the active ingredients in ingested cannabis. For both medical users looking for fast relief and recreational users looking to keep pace with their companions, it’s a potentially valuable step.
Cannabis Regulation and Measurement
Cannabis edibles don’t automatically become legal just because cannabis itself has. For example, a delay was written into Canada’s legalization legislation to give time to prepare regulations for ingestible cannabis products such as those Sproutly supports.
These regulations, like those around smokable cannabis, are created with good reason. Governments need to be able to establish standards for recreational drugs to minimize the risk of harm both to consumers and to others who may be affected by those consuming the products.
One form of regulation that appears certain to make its way from alcohol to cannabis is the need to measure and state the strength of consumer products. Two decades of development mean that the methods for these measurements are fairly well established for smokable cannabis, but ingestible cannabis products raise new challenges — ones that Sproutly subsidiary Infusion Biosciences Inc. is addressing.
The methods currently used for the detection and quantitation of cannabinoids were designed for isolated oils. That means they are unable to accurately and reliably measure cannabinoid contents in finished edible and beverage products, which are significantly more complicated. But under the leadership of Sproutly’s chief science officer, Dr. Arup Sen, Infusion Biosciences has developed analytical methods that measure the cannabinoid molecules in water-soluble and oil preparations created using Sproutly’s APP technology. This development marks a significant step toward accurately testing and labeling the content of cannabis ingestibles.
“The ability to test for cannabinoids in water formulations has been unreliable for cannabis beverages globally due to the existing testing standards and practices,” said Sen. “With ever-increasing food-safety standards that need to be met for cannabis beverage and edible products, the completion of our research and the Developed Analytics are significant milestones in the commercialization of APP Technology; this is another step forward towards reliable and accurate testing for ingestible cannabis products.”
Innovating on All Levels
To successfully develop the market for ingestibles, cannabis companies need to be innovating on every level, from the extraction of active ingredients to their measurement, to the recipes for active foods and drinks. Even the way that cannabis is marketed is going to change as its place in people’s lives changes.
Although it’s unlikely that any company will attack this from every angle, it’s a good sign for the market that so many are taking on multiple interlinked issues at once. This is visible in Sproutly’s approach, with the creation of new technology to both create and measure ingestibles.
Infuz2O is the centerpiece of Sproutly’s work. A water-soluble cannabis liquid that moves away from the need for emulsification or encapsulation, Infuz2O allows the delivery of a precisely measured dose of active ingredients from cannabis in an odorless and easy-to-handle form. The effects of the cannabis are felt within five minutes and wear off within 90 minutes, bringing the experience closer to that of alcohol. This delivery method could make it easier to manage for consumers who are new to cannabis or who want to consume their drinks alongside alcohol drinkers, both important pieces for the beverage market.
By developing Infuz2O alongside its testing technology, Sproutly has given itself a way to test the reliability of its product as well as a product to test the measurements on. The move appears to be both a logical and efficient strategy.
Beyond Weed
Cannabis is moving beyond its old image, where “weed” was a fitting label for something that spread where it wasn’t permitted — something primitively grown and furtively consumed. A plethora of companies are now working to develop sophisticated products for a more sophisticated — and legal — market.
Lexaria Bioscience Corp. (CSE: LXX) (OTCQX: LXRP) is another innovator in the field of delivery methods. The company’s DehydraTECH(TM) technology uses fatty acids to make cannabinoids both more palatable and easier for the body to absorb. This increases the efficiency of cannabis products as well as removing a challenge to the flavor of ingestibles. Like Sproutly, LXRP is working in close cooperation with the authorities to improve the measurement and understanding of cannabinoids through groundbreaking research with the National Research Council of Canada.
BevCanna Enterprises Inc. (CSE: BEV) (OTC: BVNNF) is innovating within the industry by importing a business model that has seen little use in cannabis — white-label products. BevCanna researches, packages and produces cannabis-infused beverages to appear under the branding of other companies. The approach keeps the company itself out of the public eye while allowing its clients easy access to this new market without having to develop extensive in-house expertise.
Licensing is an essential part of the cannabis regulatory process. Consequently, companies are moving to acquire more licenses to produce and sell cannabinoids. Some are doing this primarily through their own applications, but others, such as HEXO Corp. (TSX: HEXO) (NYSE: HEXO), have been using acquisitions to build up its businesses. A medical cannabis provider that entered the recreational market last year, HEXO has acquired Newstrike, the parent company of Up Cannabis Inc., a licensed producer and distributor. This acquisition should give HEXO a bigger footprint within the profitable Canadian cannabis market, where unmet demand continues to offer great profit potential.
As a growing number of farmers start cultivating cannabis, somebody needs to provide the extraction and testing services to turn the crops into ingredients for ingestibles. Valens GroWorks Corp. (TSX.V: VGW) (OTCQX: VGWCF) provides extraction and testing services. The company uses a variety of extraction methods to obtain the active ingredients from cannabis crops, producing extracts ideally suited for the products they will be used in. This summer, Valens announced that its extraction capacity had reached 425,000 kg per year, with plans to reach more than a million kilograms.
As the cannabis market shifts towards edible products, extraction and testing work, along with the innovative technology driving it, may become a linchpin of the cannabis economy.
For more information on Sproutly Canada, visit Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G)
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