RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:BevCanna deal To clarify, you're concerned Nexftleaf is only Bevcanna's primary supplier but not their exclusive supplier, yet are totally confident in Sproutly's partnership with Moosehead which has not produced a single beverage in 2 years and itself is no longer an exclusive supply aggreement.
In Sproutly's latest MD&A, Moosehead is mentioned once in passing. Moosehead does not mention Sproutly anywhere in their marketing.
"Continuation of discussions with Moosehead Breweries to restructure the previously announced joint venture agreement to focus on the sale of Infuz2O, eliminate any capital investment requirement by Sproutly, and allowing broad commercialization of the APP technology via formulation and sale of unique custom ingredients for cannabis products"
https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00037547&issuerType=03&projectNo=03167227&docId=4878082
Sproutly's been "in discussions" [reneging on their half of the JV] since May 2020 to convert Moosehead from a joint venture to a supply customer, which Mooseheed appears to have no interest in, especially now that the "exploding THC beverage market" failed to materialize.
CA$2.4 million of cannabis beverages were sold in October and November, respectively.
https://mjbizdaily.com/sales-of-canadian-cannabis-edibles-extracts-fall-for-first-time/
Sproutly has signed 0 new clients/partnerships since reneging.
Godspeed with all the convertables expiring in April.
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Moosehead Update
Given the change of strategy to become an ingredient supplier to the cannabis industry, the Company is in discussions with Moosehead Breweries Inc. (“Moosehead”) to restructure the beverage partnership from the previously announced 50/50 joint venture into a non-exclusive licensing or supply agreement for Infuz2O. Under any revised agreement, the new structure will need to be compliant with all relevant Health Canada guidelines and will require Moosehead to utilize a Health Canada licensed co-packing manufacturer*** for the production of cannabis infused beverages. [May 14 2020]
***This deal's dead.
https://www.businesswire.com/news/home/20200514005940/en/Sproutly-Announces-Business-Transformation-Plan-Investment-Infusion