(TheNewswire)
1.NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, BC / TheNewswire / March 28, 2019 – Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“Sproutly" or the “Company”), today is responding to a request from the
Investment Industry Regulatory Organization of Canada (“IIROC”) due to the recent trading activity in the Company’s stock. The
Company is currently negotiating with a beverage company regarding a potential partnership to jointly develop and market
cannabis-infused beverages (the “Potential Transaction”). Sproutly remains optimistic that the
Potential Transaction will be successfully completed by the end of April, however there can be no assurances that the Potential
Transaction will be completed, or completed in a timely manner. In accordance with applicable disclosure requirements,
Sproutly will advise the market of any material transaction as it occurs.
About Sproutly Canada, Inc.
Sproutly’s core mission is to become the leading supplier to the cannabis beverage and edibles market. Our
Toronto based, ACMPR licensed facility was built to cultivate pharmaceutical grade cannabis to supply a technological breakthrough
in producing and formulating the first natural, truly water-soluble cannabis solution. Our water-soluble ingredients and our
bio-natural oils will deliver revolutionary brands to international markets that are clamouring for well-defined commercial
products. Sproutly’s business focus is to execute on partnerships with local and globally established consumer brands to leverage
their existing customer bases, further expand brand loyalty, assist with marketing, and support distribution networks to deliver
this scientific breakthrough with speed and efficiency worldwide.
For more
information
on Sproutly, please
visit: www.sproutly.ca.
Contact: Keith Dolo,
Chief Executive Officer of Sproutly Canada
2.Email:
investors@sproutly.ca
3.Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information
that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking
statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements
relate to future events or future performance and reflect the expectations or believes regarding future events of management of
Sproutly Canada. Generally, forward-looking statements and information can be identified by the use of forward-looking
terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events
or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as
"forward‐looking statements", are not historical facts, are made as of the date of this news release and include without
limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's
expectations and intentions with respect to, among other things, the expected launch of the Company’s first line of
beverage products. These forward‐looking statements involve numerous risks and uncertainties and actual results might differ
materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among
other things, the Company successfully completing the development and production of its first line of beverage and cannabis
products and obtaining all applicable regulatory approvals from global jurisdictions including Health Canada. Although management
of the Company has attempted to identify important factors that could cause actual results to differ materially from those
contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as
anticipated, estimated or intended, such as the Company’s inability to successfully develop and produce its first line of beverage
products or the Company’s inability to obtain any necessary regulatory approvals. There can be no assurance that such statements
will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements.
Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are
cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any
forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in
accordance with applicable securities laws. We seek safe harbor.
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