Bullboard - Stock Discussion Forum Sproutly Canada Inc SRUTF

Primary Symbol: C.SPR

Healthcare Cannabis

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

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Sproutly Canada Inc > Sproutly is Insolvent aka Bankrupt!

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Post by MisterPut on Jun 28, 2022 12:56am

Sproutly is Insolvent aka Bankrupt!

Sproutly has nothing to go on or move forward with, that they did not already have in the first place to succeed. Bankruptcy is inevitable imho.

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Comment by shneps on Jun 28, 2022 7:53am

Sproutly (itself) is not bankrupt. The CCAA proceedings are for THR which is Sproutly's only assets. Sproutly still exists and holds the technology licencing. This is all well and good for Sen, once again ,as he received everything, spent other peoples money and will be starting all over again. He is still significantly up and all the shareholders got screwed. Definitely not good but not lost ...more

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