- Sproutly is a licensed producer with exclusive rights to Infusion Biosciences’ groundbreaking Aqueous Phytorecovery Process (“APP”) technology for naturally water-soluble cannabinoids
- The Canadian cannabis beverage market is estimated to exceed $4 billion by 2022
- SRUTF executives were tapped to present APP technology at key cannabis conferences
Sproutly Canada Inc. (CSE: SPR) (OTCQB: SRUTF) (FRA: 38G) is rapidly gaining positive exposure in the cannabis space as the company presents its proprietary APP technological platform at numerous key cannabis conferences in the U.S. and Canada. Sproutly executives most recently shared details of the APP process at the Canaccord Genuity Third Annual Cannabis Conference and at the Cannastocks 2019 Q1 Investor Conference, both in New York City (http://cnw.fm/Hid2K).
Sproutly is also slated to be a featured exhibitor at the Lift & Co Expo on June 6-9 at the Metro Toronto Convention Center in Toronto, Canada. Following this event, Chief Science Officer Dr. Arup Sen will present at the Cannabis Drinks Expo at the South San Francisco Conference Center in San Francisco on July 25, 2019 (http://cnw.fm/HD78i).
Sproutly acquired Infusion Biosciences and its patent-pending APP technology, which extracts water-soluble forms of cannabinoids for inclusion in beverages and edibles, in August 2018. The deal came with exclusive rights to the APP technology in Canada, Australia, Israel, Jamaica and the EU. Sproutly CEO Keith Dolo described the company’s premium offering, Infuz2O, as “the world’s first and only, truly water-soluble cannabis solution” for formulation into beverages.
“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 August 2018 news release (http://cnw.fm/UXFp4).
Infuz2O offers predictable effects that are comparable to smoking and vaping, while also providing an odorless, smokeless and versatile product with precise dosing. While current products on the market can have lingering effects lasting anywhere from four hours to two days, effects from Sproutly’s premium product lasts between 60 and 90 minutes. 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/2GhMc).
A joint venture between Sproutly and OCC Holdings Ltd., an affiliate of Moosehead Breweries Limited, one of Canada’s oldest and largest independent breweries, is another positive sign that the cannabis consumable market is ready to explode. The joint venture’s product line will utilize Sproutly’s proprietary Infuz2O water-soluble cannabis formulation to create a truly natural cannabis beverage experience that serves as an alternative to alcoholic products, as the company stated in a news release (http://cnw.fm/Lxq18).
“This partnership with Moosehead marks an important milestone in Sproutly’s mission of delivering a safe and consistent whole plant experience from cannabis, with a lead position in the beverage market,” Dolo stated in a news release. “We have developed a relationship with Moosehead built on trust and our shared vision of creating safe, responsible and high-quality cannabis beverages and we look forward to making this a reality for Canadian consumers.”
ArcView Market Research and BDS Analytics project that consumers in the United States and Canada will spend more than $4 billion on cannabis edibles by 2020 (http://cnw.fm/3YgUZ). “Legal cannabis-derived edible products, from candy and chocolate to infused beverages, is a sector worth watching over the next few years,” the report stated.
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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