SPROUTLY CDA INC - SRUTF STOCK NEWS

Sproutly Canada (CSE: SPR, OTCQB: SRUTF) reported an agreement to settle $70,000 of accrued interest via the issuance of 1,400,000 common shares at $0.05 each. This decision allows the company to conserve cash for future operations, as the holders of convertible debentures chose shares over cash payments. This move is part of a series of amendments to a convertible debenture indenture dating back to October 2018. Such measures aim to strengthen financial positioning amidst market challenges.

Sproutly Canada (CSE: SPR, OTCQB: SRUTF) released its financial results for Q2 ended August 31, 2021. The company made strides in developing its 2.0 products and formed a partnership with Kingston Cannabis Inc. for cannabis-infused beverages. Notably, Sproutly converted $250,000 in debentures into shares and acquired CannaHive Inc.'s primary assets. Subsequently, it settled $145,448.44 in debt by issuing 2,908,968 shares. The company aims to lead the cannabis beverage market with innovative ingredients.

Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) has signed a Letter of Intent with Kingston Cannabis Inc. to produce cannabis-infused beverages. This collaboration will utilize Kingston's co-packing services and its aluminum packaging technology. Sproutly aims to launch its Infuz2O ready-to-drink beverages by Q1 2022, which will be unique for their all-natural formulation. Additionally, KCI has obtained a research license to conduct consumer studies on these products, enhancing market insights and consumer engagement.

Sproutly Canada, Inc. has successfully settled outstanding debt totaling $145,448.44 through the issuance of 2,908,968 common shares at $0.05 each. This move extinguishes the debt owed to two arm’s length creditors, simplifying the company's financial obligations. The issued shares will be subject to a four-month and one-day hold period under Canadian securities laws. Sproutly aims to lead in providing unique ingredients for the cannabis beverage and edibles market, focusing on partnerships with established consumer brands.

Sproutly Canada (CSE: SPR, OTCQB: SRUTF) announced plans to settle a total debt of $145,448.44 through the issuance of 2,908,968 common shares at $0.05 per share. This debt settlement will allow the company and its subsidiary, Toronto Herbal Remedies Inc., to preserve cash for future operations. The issued shares will be subject to a hold period of four months and one day under Canadian securities law. The company aims to lead in cannabis beverage ingredients and formulations.

Sproutly Canada, known by its ticker SRUTF, has successfully acquired the essential assets of CannaHive Inc., enhancing its production capabilities for cannabis edibles. This acquisition grants Sproutly access to pharmaceutical-grade manufacturing equipment, enabling the production of high-quality confectionaries like gummies and chocolates at reduced costs. This move aims to meet the increasing demand in the Canadian market while ensuring quality control and scalability.

Sproutly Canada, Inc. (OTCQB: SRUTF) reported its Q1 financial results for the period ending May 31, 2021. The company raised $1.35 million by issuing nearly 27 million units at $0.05 each. Key partnerships were established with CannaHive and CMG, enabling Sproutly to produce innovative Cannabis 2.0 products. The company finalized its initial edible gummy and beverage formulations and submitted required notifications to Health Canada. Additionally, a convertible debenture of $250,000 was converted, with interest settled through the issuance of shares.

Sproutly Canada (OTCQB: SRUTF) announced it will settle $70,000 in accrued interest from a convertible debenture by issuing 1,166,666 shares at $0.06 each. This settlement allows the company to conserve cash for future operations. The interest payment is part of a semi-annual obligation under a convertible debenture indenture with TSX Trust Company. This move reflects the company's ongoing strategy to strengthen liquidity while meeting its financial commitments.

Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) announces it may miss the June 28, 2021 deadline for filing its audited annual financial statements for the fiscal year ending February 28, 2021. The delay is due to complexities arising from the COVID-19 pandemic. The company has applied for a Management Cease Trade Order (MCTO) awaiting approval from the British Columbia Securities Commission. While the MCTO is in effect, trading of its common shares will continue, but certain executives will be restricted from trading. Sproutly expects to file the required documents no later than July 12, 2021.