RE:Announce a deal Edible products infused with pot — including beverages — will remain illegal in Canada until specific government regulations are rolled out in 2019 at the earliest.
Achieving compliancy with these regulations will give Sproutly’s tech a major edge.
It is not like we are currently being overwhelmed, from an infusion standpoint, by major beverage deals right now and there have been few if any impressive announcements.
The groundwork is being laid and Sproutly’s tech by all accounts will be crucial to any major player in this space.
Sproutly was formed 4 months ago... they are in mid-to-late-stage discussions with either other LPs or other consumer packaged goods companies to be able to work with them in joint venture partnerships. Deals are being made and due diligence is being performed.
Advantage... Sproutly.
Gman620 wrote:
How long before first mover advantage is lost? Other bigger companies with 'good enough' tech will form partnerships and capture share. Can't wait for a good deal to be announced. This is what the industry needs.