Vancouver-based
Sproutly Canada Inc. (SPR) (
CSE.SPR) has announced that it is expanding its commercial relationship with
Kingston Cannabis Inc. (KCI) – a Health Canada Licensed processor.
Sproutly and KCI have agreed to form a joint venture (JV) that will utilize the proprietary APP technology to produce proprietary, natural, whole plant extracts of cannabis and hemp which will be used to formulate, evaluate, manufacture, and sell beverage and edible products.
Arup Sen, CEO and Director of Sproutly, commented:
"Expanding the scope of the existing Sproutly-KCI relationship with this JV is a show of our successful collaboration in formulating and evaluating beverages using APP extracts. The JV will now integrate APP processing and finished product manufacturing to avoid potential issues that arise from divided manufacturing and avoid duplication of some operational expenses. We can now offer prospective partners a fully integrated flower-to-finished product service."
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