- Business
- Sproutly Canada Inc. produces and supplies water-soluble cannabis solutions and bio-natural oils to beverage and consumables markets in Canada; its core offerings include naturally water-soluble cannabis solution under the Infuz2O brand and cannabis plant oils infused into natural oils under the BNO brand, both leveraging proprietary Aqueous Phytorecovery Process (APP) Technology licensed exclusively from Infusion Biosciences Inc. for Canada, the EU, UK, Jamaica, Israel, and Australia, as well as products under the Caliber brand; the company operates a Health Canada-licensed facility in the greater Toronto area for cultivation, extraction, and production of pharmaceutical-grade cannabis delivering the full spectrum of natural bioactive molecules, targeting partnerships with established consumer brands for marketing, distribution, and commercialization of cannabis 2.0 products such as edibles, beverages, and infusions in recreational and medical segments. Founded in 2012 and headquartered at 1020 Mainland Street in Vancouver, British Columbia, Sproutly focuses on the healthcare sector within drug manufacturing for specialty and generic products, serving domestic Canadian markets through provincial sales relationships while pursuing global expansion via strategic alliances. Recent developments include ongoing debt settlements through share issuances, such as $70,000 in accrued interest converted to 1,166,666 shares at $0.06 each and $145,448 in debt settled via 2,908,968 shares at $0.05 each, alongside a letter of intent for co-packing with Kingston Cannabis Inc. utilizing advanced aluminum packaging technologies for cannabis-infused beverages, asset acquisitions from CannaHive Inc., and prior joint ventures like the 2019 partnership with Moosehead Breweries Limited for cannabis beverage development, reflecting efforts to conserve cash, enhance operational efficiency, and advance cannabis 2.0 product formulations amid regulatory compliance including a Management Cease Trade Order.