- Sproutly is a licensed producer with exclusive rights to Infusion Biosciences’ groundbreaking Aqueous Phytorecovery Process (“APP”) technology for naturally water-soluble cannabinoids
- Deloitte estimates that Canada’s cannabis edibles and topicals market could be worth $2.7 billion annually
- The company has entered into an exclusive joint venture with Moosehead Breweries Limited to develop and produce nonalcoholic, cannabis-infused beverages
Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) has reached another milestone by successfully completing the first run of the proprietary Aqueous Phytorecovery Process (“APP”) extraction technology licensed from Infusion Biosciences Inc., Sproutly CEO and Director Keith Dolo announced in a news release (http://cnw.fm/kQP6M).
“Sproutly has made significant progress towards building a world-class cannabis beverage and edibles company since going public in July of last year,” Dolo stated in the release. “The successful completion of our first run of the APP extraction technology in Canada marks a major milestone for our company and brings us another step forward in achieving our goal of becoming a leader in the cannabis infused product space.”
The initial APP run took place at Sproutly’s wholly owned Toronto Herbal Remedies Inc., an ACMPR-licensed facility designed and built for cultivating pharmaceutical-grade cannabis for the production and formulation of a natural, truly water-soluble cannabis solution. APP technology extracts water-soluble forms of cannabinoids (Infuz2O) and specific strains of oil-based cannabinoids (Bio Natural Oil), which were both successfully recovered during Sproutly’s first run of the proprietary technology.
“APP technology is a low-cost, gentle method to produce Infuz2O, a groundbreaking discovery that delivers the total effects of the strain of cannabis from which it is made; on-set effects start within approximately 5 minutes and dissipate within approximately 90 minutes,” Dolo stated in an earlier news release (http://cnw.fm/s63J2).
Sproutly’s premium offering, Infuz2O, is described as “the world’s first and only truly water-soluble cannabis solution” for formulation into beverages. The Infuz2O water-soluble cannabinoids recovered during this first APP run are slated for product formulation and shelf-stability testing for fast-onset cannabis beverages under an exclusive joint venture with OCC Holdings Ltd., an affiliate of Moosehead Breweries Limited (http://cnw.fm/2u0Mj). APP technology is also used in the production of Bio Natural Oils, which deliver the full-spectrum of cannabinoids and terpenes of the strain from which they are made, thus empowering consumers to enjoy the experience of their strains of choice in an edible form (http://cnw.fm/J3t5D).
Deloitte estimates that Canada’s cannabis edibles and beverages sectors will bring $2.7 billion per year into a market that is expected to generate higher profits for retailers (http://cnw.fm/7Zbb1). Deloitte’s report, titled ‘Nurturing new growth: Canada gets ready for Cannabis 2.0’, indicates that the new legislation will likely attract consumers who have been reluctant to try traditional cannabis consumption methods.
Sproutly’s team is working diligently, developing and formulating fast-acting and long-lasting Infuz2O and Bio Natural Oil edible products for the Canadian market that meet Health Canada’s specialized regulations. A review of the final regulations for cannabis edibles, extracts and topical products, published on Lexology.com (http://cnw.fm/rg21W), stated that, while the rules come into force on October 17, 2019, it will likely take until mid-December before consumers find the products on store shelves.
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/SPR
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