$SPRT.C - The Future of Farming Sprout AI is a vertical farming company utilizing aeroponic methods to grow crops. What makes me interested in the company is the individual habitat system that they’ve developed that gives them a competitive edge over the competition in the sector.
- Reduces cross-contamination and allows the growth of many different types of crops
- Allows for more consistent growth and makes it easier for the integrated AI to collect data on optimal growing conditions so they can easily repeat the methods
- Farms can be created in nearly any indoor space without massive retrofits and facility upgrades like hydroponics
- Rolling racks can be used to help maximize space efficiency
The vertical farming market is estimated to reach $12B by 2026 with a CAGR of 24.8%. With a rapidly growing population, I expect $SPRT to continue growing over the next decade with their unique system combining both farming and technology.
Their business model consists of 2 things.
- Turnkey unit sales
- Joint venture operations
Last Friday, the stock dipped over 10% at closing, but today it immediately recovered up 9% back to its usual levels at the $0.74-$0.76 range. With a current market cap of $67M, I’m holding my shares for the longterm.
Check out their website: https://sproutai.solutions