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Sproutly announces financial results for Q3 Fiscal 2021

Stockhouse Editorial
2 Comments| January 31, 2022

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Click to enlargeVancouver-based Sproutly Canada Inc. (SPR) (CSE.SPR) – a technology company focused on discovering and commercializing science-based cannabis and hemp technologies – has announced the Company’s financial results for the third quarter ending November 30th, 2021.


Highlights for the Third Quarter Ended November 30, 2021

  • The Company settled outstanding current debt of the Company and the Company’s subsidiary, Toronto Herbal Remedies Inc., in the aggregate amount of $145,448.44, pursuant to the terms of debt settlement agreements with two arm’s length creditors. In settlement of the Debt, the Company has issued an aggregate of 2,908,968 common shares in the capital of the Company at a price of $0.05 per share.

  • SPR signed a Letter of Intent for the formation of a commercial relationship with Kingston Cannabis Inc. (KCI) to produce its cannabis-infused beverages through a co-packing arrangement with KCI. KCI’s affiliate, Kingston Aluminum Technologies Inc. (KAT) will provide custom designed aluminum packaging for Sproutly’s products. In addition, KCI and Sproutly will collaborate on the consumer evaluation of Sproutly’s formulations that are made using ingredients produced by the proprietary APP cannabis processing technology.

Full story here.

New to investing in Cannabis? Check out Stockhouse tips on How to Invest in Cannabis Stocks and some of our Top Cannabis Stocks.

For more of the latest info on Cannabis, check out the Cannabis Trending News hub. Or, for lively sector discussion, visit Stockhouse’s new Cannabis Bullboards page.


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