Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) Celebrates Milestone with Processing License, Sets Stage for Infused Beverages

April 9, 2019 11:08:58
  • Sproutly Canada is building its operations to take advantage of the expected legalization of cannabis-infused edible and beverage products
  • Health Canada recently awarded Sproutly’s wholly owned subsidiary, Toronto Herbal Remedies, a processing license to advance its beverage-production strategy
  • Deloitte analysts foresee cannabis-infused beverages capturing market revenues between $900 million and $4.4 billion by 2024
  • Sproutly touts unique aspects of its patent-pending, water-soluble cannabis oils for quick assimilation by the human physique and effective recreational use

Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) recently achieved a “major milestone” as it continues to build its operations in preparation for Canada’s legalization of cannabis-infused edibles and beverages, which is anticipated to occur later this year as a follow-up to the opening of legal cannabis markets for adult recreational use last fall.

Sproutly announced on April 1 that its wholly owned subsidiary, Toronto Herbal Remedies Inc. (“THR”), was granted a processing license from Health Canada that allows THR to produce cannabis oil and…

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