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Bullboard - Stock Discussion Forum Sproutly Canada Inc C.SPR

Alternate Symbol(s):  SRUTF

Sproutly Canada, Inc. is a Canada-based company that is a supplier of all-natural water-soluble and oil ingredients for cannabis products for the beverage and consumables market. The Company’s Health Canada Licensed Facility located in the greater Toronto area operates the application (APP) Technology and produces naturally water-soluble cannabis solution (Infuz2O) and cannabis plant oils... see more

CSE:SPR - Post Discussion

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Post by Whatsup on Mar 02, 2021 11:13am

Blizzy

what was that bump up tp .09 all about?
Comment by Blizzy420 on Mar 02, 2021 1:19pm
The run to 9 was to force the conversion of the 2nd of 3 tranches of 16,666,666 shares of remaing debt conversion.    The run triggers it, MMCAP gets their shares and presses their thumb down on the price, it goes right back down to 5.5 - 6 cents where they are comfortable selling as long as their average stays above their threshold.  I expect to see another one of these runs ...more  
Comment by MrFleming on Mar 02, 2021 2:22pm
I tend to agree with the timeline.  When price ranges like this, and volume picks up it is an indicator bottom may be in.  As well, there is an IHS pattern playing out, which is at the tail end ready to make its final move.  It could break down, but the timing here is interesting right on the cusp of releases.  So, i tend to think we are within a month of a breakout.  ...more