Sproutly Canada Inc C.SPR

An Infusion Deal

[Blizzy420]

https://www.stockwatch.com/News/Item/U-nf113267_313-U!NXGB-20220209/U/NXGB

[MisterPut]

Too funny, a pumper pumping an american company who has literally fleeced it's Canadian partner Sproutly of all their money. The claim is whatever this US company puts out, same goes for Canada, but the problem is 2 years and USA products something like 20 Product SKUs and Canada 0. That is correct, "0" "ZERO". You should be ashamed! This company is already bankrupted, and

[OldManCanuck]

Actually, Dr. Sen has always said that "any benefits and formulation research conducted by IBS will transfer to Sproutly". I'm not sure if you know how marketing works, but any exposure to the APP technology is a bonus to all Sproutly investors... "...It's APP Technology is being commercialized in Canada and other international markets via its licensee Sproutly Inc., which

[MRK421]

This post has been removed in accordance with Community Policy

[MisterPut]

INVESTORS BEWARE, the quote below is a false and misleading statement designed to push a false narrative. The fact is that after 4 years, there is NOT ONE SINGLE APP product commercialized in Canada either by Sproutly, nor any other company. NOT ONE! This is undisputed fact that has rendered Sproutly on the brink of bankruptcy.  

[Blizzy420]

It hasn't happened yet so it will never happen right?   That's sound logic if I have ever heard it!! Or maybe it's closer than ever thanks to the partnership formed with KCi and they will actually get the product to market this year instead of continue the scam you seem to believe this is. some people are smart and some people are you ;)

[MisterPut]

I stand corrected. You do not dispute the fact that in 4 years, Sproutly has NOT COMMERCIALIZED NOT ONE APP PRODUCT not in Canada nor abroad. As for your childish insult, well it's childish.   

[Blizzy420]

Thanks Capt Obvious.   APPreciate your insightful input here.

[HerrAnders]

You're just annoying everyone here, but bring no facts! Am curious what you think of now, that Sproutly sells everything? Licenses factory and licenses. But CannaHive still buy the whole stuff a few months ago. And Sproutly has just fired two packaging employees. Actually did not want to post, but you leave me no choice. https://www.hydeadvisory.com/listing/4186393152 I've been in sproutly

[Blizzy420]

You really brought the facts there!   2 people terminated from the packaging team.  It's almost as if they let them go to preserve cash cause they haven't been packaging.   so why pay these people 6 months salary to hang out at THR throwing a few hash coins in a bag from time to time???   Kinda logical move to make eh stock price down, agreements being finalized for

[shneps]

So they lay off their only employees and you take the toxic positivity route to make it out that this is a smart thing in "preserving cash". They were supposed to be making shots, gummies, hash coins and old moldy dried cannabis flower. Now they are producing nothing, have no revenue, no products even ready for NNCP submissions, no products for even submitting to a single provincial

[Blizzy420]

If you can't get your product to market until spring/summer due to limited access to the provincial bodies that purchase the product and it alters your plans should you collect your employees to sit on their hands together for 6 months or do you lay a couple staff members off that are not currently needed.   logic will prevail 

[Blizzy420]

I have no empathy anymore.   We all made our own decisions to get here.    It's investing, it comes with risk, if you are still evaluating this as a billion dollar play, you are dense.    If you are unable to see the opportunity in front of you, that is ok, but set your expectations appropriately and stop trying to find the negative when there are many many positives

[HerrAnders]

Patience I have for several years, and I myself have also always tried to find something positive. But my optimism is slowly running out. In one I agree with you, time will tell, at 95% loss, and that at a moderate average of 0.11, selling is too late anyway, so hold, but not much is missing to the total loss. GLTA

[MRK421]

lmao u don't even know wtf ur saying anymore     

[HerrAnders]

Hope dies last, but so far, the doctor has not been able to get anything worth mentioning off the ground, and the lack of transparency does the rest. Agreements, declarations of intent, preliminary contracts, for years, no product of its own, which values the APP technology. Not even a business plan with production costs, sales price,margin, product design, packaging design, unit costs, nothing

[Blizzy420]

Because things are not known to you does not mean they do not exist or are not being worked on.  Statements where the gaps are filled in with the assumptions of investors are worthless.   I've actually seen some packaging design plans T KCI.  They have the blow moulds for aluminum cans in the attached building for KAT.   It will have a more innovative and stand alone look

[HerrAnders]

It is nice that you know and have seen this, but not the majority of investors, who could perhaps flush money into the company, and have already done so sufficiently. It is incomprehensible to me that a company that is listed on the stock exchange handles business-relevant information for a product market launch in such a way. But right, the company is not dependent on money, as long as you dilute

[MRK421]

Even share dilution has it's limits and it looks like spr had struck the iceberg

[MisterPut]

No underwriter in their right mind would undertake to underwrite an offering for Sproutly. Probably why it has not already happened, as Sen has always been trigger happy at the chance of pocketing more of Sproutly's cash.

[shneps]

Sproutly has $1M in assets and $9M in current liabilities. There is nobody in their right mind who would invest their money in this. Sen has nothing left to secure his loans against and collect 15%-20% interest while doing so. The day may come that they put a product out but it needs to be bought by a provincial board and having KCI receive their sales licence won't help the sitution. It will

[MisterPut]

I would not be surprised if Sproutly declares bankruptcy, or alternatively sells to cover the creditors and then go bankrupt, and a class action lawsuit from duped investors is launched against Sen.  

[shneps]

You can have everything for less then $6.5M. The only reason Sen was in Canada. https://www.hydeadvisory.com/listing/4186393152

[MRK421]

makes sense. sen came to Canada saw the impossibility and decided to close shop. That huge 2.5mill share offer is probably insiders looking to gtfo. Most baggies r going to hold till the end.  

[HerrAnders]

Well I'm 95% in the loss, there makes the herb also no longer fat to hold until the end. Not much is missing

[MisterPut]

Take your own advice, and stop filling/pumping the gaps with your own assumptions. Like you said, assumptions are worthless. Stick to the facts! Here is a fact...KAT is nothing new and they have blow moulds for like 5 years now; but, with no serious takers. Find out why that is.

[Blizzy420]

They worked with Montabello for years.   Betty Pilon knows more about putting a beverage in a can than almost anyone. there is a pair of facts for you.   The info I get has the gaps filled by the CEO, who is the only one that knows the reality of what is being built on the inside.   

[HerrAnders]

And why is the complete factory for sale now, with all licenses and machines, the machines were bought only last quarter, why do you buy the machines from CannaHive at all, if you have an agreement and right of use with CannaHive. To sell everything together now? Ah to save costs. And then what do we have left? Is the validated APP technology right? Again the link, it's all for sale! https

[Blizzy420]

Solution to money problems.  Sale and lease back.  Take a look at most of the large US MSO's, and several Canadian LP's thst executed this strategy when strapped for cash.  Since it is also on a David Hyde's website it can get a lot of exposure for the facility to be used for other cannabis activities.   Sproutly needs less than 2000 sq ft to manufacture gummies

[shneps]

A solution to money problems is absolutely correct. "Shareholders are seeking a full divestiture of the facility and turnkey licensed cannabis business." There is absolutely nothing in that statement related to a "sale and lease back".  A divestiture most commonly results from a management decision to cease operating a business unit because it is not part of a company

[Blizzy420]

Bla bla bla bla bla.   Had direct conversations with ceo on this topic.  He is exploring all financing options for the facility which is the only hard asset that can be monetized.   Green thumb, Curaleaf on the MSO side, TGOD on the LP side are just examples of companies that performed sales and lease back operations and are still operating on those facilities.   Further take

[shneps]

They are selling their licences. Is the intention now to not have a production facility, no offices, no agreements and no licences? Millions of dollars were spent to acquire and maintain these licences. So after spending $95M of shareholders money the intention now is to have Kingston Cannabis Inc. manufacture and sell the APP tech. Probably sell the gummie equipment to KCI because Sen was too

[Blizzy420]

Angry angry.  You upset you got the boot to? if you sell the facility you sell the licenses with it.  You then lease back a 2000 sq ft piece of the facility where your necessary machinery is all set up and you are on your way.   If you don't know how a sale and lease back works in the cannabis industry then your ignorance is showing with those incorrect assumptions you keep

[MRK421]

After 4 wasted years and 100 mill down the drain. U say angry investors r the problem? Lmao