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TICKERS: SPR; SRUTF

Cannabis Producer Achieves Commercial Sale Milestone
News Update

Source:

The transaction marks the start of a revenue stream for the company.

Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) made its first commercial sale of its cannabis flower in Canada to a producer, it announced in a news release.

"As Sproutly awaits our Health Canada inspection to achieve our sales license, we may consider selling more wholesale, high-quality craft flower to ensure a consistent inflow of revenue over the coming months," CEO Keith Dolo said in the release.

Once the company receives that license, it intends to sell its cannabis flower under the brand, Caliber, targeting the cannabis connoisseur.

The company noted that the cannabis flower is produced at its "wholly owned subsidiary Toronto Herbal Remedies 'THR.' Sproutly's THR facility utilizes state-of-the-art production and climate-control technology and methods designed to produce 'top-shelf' premium cannabis flower. THR is now at full production and harvesting weekly."

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