- Sproutly Canada reaches company milestone with its first completed harvests of premium quality, small-batch cannabis
- The company offers the world’s first natural, truly water-soluble cannabis solution made with bio-natural oils through subsidiary Infusion Biosciences
- The Canadian cannabis beverage market is estimated to reach up to $4.4 billion by 2024
Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) envisions a year of growth and expansion through its focus on cannabis beverages made using a revolutionary process featuring water-soluble ingredients.
Since going public in July 2018, with a focus on its goal of becoming a global competitor in the cannabis beverage and edibles realm, Sproutly has reached a significant milestone at its production facility in Toronto, called Toronto Herbal Remedies. Notably, the company completed its first two harvests of its premium quality, small-batch cannabis. These batches produced “highly efficient yields for an initial grow,” according Bryan Semkuley, president of Sproutly Canada. If the production results of these initial high-quality batches are replicated across all 12 of Toronto Herbal Remedies’ flowering rooms, the company will be able to radically increase its production capacity (http://cnw.fm/iR2lh).
In developing the world’s first natural, truly water-soluble cannabis solution made with bio-natural oils, Sproutly Canada is positioned to revolutionize the cannabis beverage and edibles market. By partnering with already established local and global consumer brands, the company hopes to utilize its partners’ existing customer bases to increase widespread consumer exposure to this technological breakthrough, achieving greater market penetration.
The Canadian cannabis market has been growing steadily as waves of legalization have been moving around the world, and it is estimated to be an $8.7 billion market by 2024. Growing steadily in its wake is the lesser known but ultimately promising Canadian cannabis beverage market, which is estimated to reach up to $4.4 billion by 2024, without factoring in an additional market boon created by a demand for naturally water-soluble cannabis beverages (http://cnw.fm/k4wvE). In this sense, Sproutly is well-positioned to penetrate that market through its acquired company, Infusion Biosciences, creator of the world’s first naturally water-soluble cannabis.
This cannabis beverage represents a “paradigm shift” in the world of cannabis products in regards to delivery and consumption. The product (http://cnw.fm/f9uSj) is touted as “predictable,” taking fewer than five minutes to produce effects and less than 90 minutes to wear off. It is comparable in its effects to smoking and vaping; discrete in its odorless and smokeless useability; versatile, with many end-user applications; and “precise” in its dosage, with the “ability to deliver a measurable amount of cannabis.”
With the Canadian cannabis beverage and edibles market preparing for potential legalization in 2019, Sproutly is anticipating a strong year of expansion in its pursuit of becoming a top supplier of water-soluble cannabis solutions and bio-natural oils.
For more information, visit the company’s website at www.Sproutly.ca
NOTE TO INVESTORS: The latest news and updates relating to SRUTF are available in the company’s newsroom at http://cnw.fm/SRUTF
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