- The cannabis beverage market is estimated to exceed $4 billion by 2022
- Sproutly is focused on becoming the leading supplier of water-soluble cannabis solutions and bio-natural oils to the emerging beverage and consumables market
- Company has exclusive rights to Infusion Biosciences’ APP technology in Canada, Australia, Israel, Jamaica and the European Union
Sproutly Canada Inc. (OTCQB: SRUTF) (CSE: SPR) (FRA: 38G) foresees a lucrative vertical emerging in the cannabis sector as the cannabinoid-infused beverages and edibles space continues to grow in popularity with consumers. A report from cannabis market research firm ArcView Research and BDS Analytics projects rapid growth in this arena, with sales of cannabis-derived edibles, which include beverages, expected to surpass $4 billion in the U.S. and Canada by 2022 (http://nnw.fm/oRd8j).
Sproutly’s wholly owned subsidiary, Toronto Herbal Remedies Inc. (“THR”), is already a licensed producer under Canada’s Cannabis Act, and it was recently granted a processing license from Health Canada that allows…
NOTE TO INVESTORS: The latest news and updates relating to SRUTF are available in the company’s newsroom at http://nnw.fm/SRUTF
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