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Sproutly, Inc (SRUTF)

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Last Post: 10/13/2018 6:46:42 PM - Followers: 6 - Board type: Free - Posts Today: 0


Sproutly Canada Inc. Announces Completion of Reverse Takeover Transaction and Conditional Approval to Commence Trading on July 9, 2018

Sproutly Canada, Inc. (formerly Stone Ridge Exploration Corp.) (“Sproutly Canada" or the “Company”) is pleased to announce that it has closed the previously announced proposed plan of arrangement under the Canada Business Corporations Act (the “Arrangement”) pursuant to which, among other things, Sproutly, Inc. ("Sproutly") completed a reverse takeover of Stone Ridge Exploration Corp. (“Stone Ridge”).

Immediately prior to the completion of the Arrangement, Stone Ridge completed a consolidation of its issued and outstanding common shares on the basis of one post-consolidation share for every two pre-consolidation shares. Pursuant to the Arrangement, among other things, shareholders of Sproutly received approximately two (2) post-Consolidation common shares of Stone Ridge in exchange for each common share of Sproutly held by such shareholder immediately prior to the effective time of the Arrangement. As a result of the Arrangement, former shareholders of Sproutly hold approximately 84% of the issued and outstanding common shares of the Company (the “Sproutly Shares”) immediately after completion of the Arrangement. The Company will continue the business of Sproutly as described below.

Prior to the completion of the Arrangement, the Canadian Securities Exchange (the "CSE") conditionally approved the listing of the Sproutly Shares. Listing of the Sproutly Shares is subject to, among other things, satisfaction of the customary listing conditions of the CSE. Subject to satisfaction of these and other conditions, the Sproutly Shares are expected to begin trading on the CSE on July 9, 2018 under the trading symbol "SPR".

"Sproutly Canada’s public listing on the CSE is a major milestone in the development of our business and provides investors with a unique public vehicle to participate in the Canadian legal cannabis market with a company focused on becoming a vertically integrated cannabis consumer products company, bringing together best-in-class cultivation, secured distribution solutions, and advanced technologies to redefine the cannabis industry,” said Keith Dolo, Chief Executive Officer, Sproutly Canada.

Upon closing of the Arrangement, the Board of Directors of Sproutly Canada is comprised of Keith Dolo, Aman Bains, Gregg Orr, and Justin Kates. Keith Dolo has been appointed as Chief Executive Officer of Sproutly Canada, together with Craig Loverock (Chief Financial Officer) and Karin Studer (Chief Operating Officer).

A listing statement describing Sproutly Canada, prepared in accordance with the policies of the CSE, will be made available on the CSE’s website and on SEDAR at www.sedar.com. The information regarding Sproutly Canada and the Arrangement in this press release is qualified in its entirety by reference to the more detailed disclosure included in the listing statement.

Stock Option Grant

Upon closing of the Arrangement, Sproutly Canada granted an aggregate of 3,100,000 stock options (the “Options”) to purchase Sproutly Shares to certain incoming directors, officers, employees and consultants of the Company in accordance with the Company’s stock option plan. The Options will vest in equal installments every six (6) months, commencing six (6) months from the issue date and will be exercisable into Sproutly Shares until July 6, 2028.

There are currently a total of 123,060,267 Sproutly Shares issued and outstanding and options and warrants exercisable to purchase up to an additional 25,114,626 Sproutly Shares, in aggregate.

Infusion Biosciences Inc. is a biotech company focused on discovering and commercializing innovative, science-based cannabis technologies.

  1. With Infusion’s breakthrough scientific discovery and technologies, the Company is positioned to be a leader in:
  1. Cannabis beverage/drink industry for recreational and medicinal markets
  1. Pharmaceutical drug development focused on water soluble cannabinoids

We have created and produced two new disruptive and foundational finished cannabis ingredients derived from our patent-pending, Aqueous Phytorecovery Process (“APP”):

First truly water-soluble cannabis solution to be formulated into beverages/drinks (“Infuz2O”)
Cannabinoid oils infused into natural edibles or transdermal delivery while retaining strain specific characteristics (“BNO”)


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#32   Hello all! I need help found this it's Grumpy58 10/13/18 06:46:42 PM
#31   This stock is starting to jump. Anyone know Bearington 10/05/18 09:29:03 AM
#30   It will be interesting to see if the Gman620 09/06/18 10:12:47 AM
#29   Good times are coming Gman620! dude61 09/05/18 05:11:24 PM
#28   This company is perfectly positioning itself for healthy Gman620 09/05/18 03:55:54 PM
#27   We should get some volume in the next dude61 09/05/18 10:28:40 AM
#26   Article: What Canopy and Constellation need is Sproutly... dude61 09/05/18 10:28:39 AM
#25   This stock has a lot of potential... we dude61 08/30/18 02:49:40 PM
#24   Sproutly - water solubility trend to watch dude61 08/30/18 02:45:39 PM
#23   Not interested at this junction. JohnCM 08/23/18 02:44:44 AM
#22   she's not getting a lot of volume, for sure. PotterBanker 08/22/18 09:50:44 AM
#21   I and out within a week. Too weak. JohnCM 08/22/18 02:13:03 AM
#20   No sector foam love for Sproutly. PotterBanker 08/21/18 10:18:01 AM
#19   Go to TDAmeritrade. They do not charge for JohnCM 08/11/18 11:22:23 PM
#18   Fidelity still charging $50 extra to trade this. Deehrm29 08/11/18 09:26:28 AM
#17   My basis is around 60? JohnCM 08/07/18 06:05:41 PM
#16   Did you get hit at .60? PotterBanker 08/07/18 05:35:19 PM
#15   Limit order at $0.60 ??? JohnCM 08/07/18 09:59:17 AM
#14   I can see the OTC MM's are completely PotterBanker 08/06/18 12:08:13 PM
#13   FIDELITY Last $0.89 JohnCM 08/06/18 10:35:12 AM
#12   I'm seeing .65 / .89 with last .65 PotterBanker 08/06/18 10:31:51 AM
#11   Buy it up baby!! JohnCM 08/06/18 10:26:38 AM
#10   ASK 0.89 JohnCM 08/06/18 10:26:15 AM
#9   nice spread. .58 / .85 PotterBanker 08/06/18 10:12:08 AM
#8   But now .59 lol - whoops. PotterBanker 08/06/18 10:10:42 AM
#7   HOD $1.875 JohnCM 08/06/18 10:01:39 AM
#6   Looking to pickup a few shares tomorrow. JohnCM 08/05/18 10:23:51 PM
#5   Capitalization Issued & Outstanding: PotterBanker 08/05/18 09:22:05 PM
#4   https://gallery.mailchimp.com/cfd5ac3be5a5bb59ccfdc14dc/files/cf8d6f16-0904-4385 JohnCM 08/05/18 10:46:57 AM
#2   Early Warning Report for Sproutly Canada, Inc. JohnCM 08/05/18 09:22:36 AM
#1   February 28, 2018 Year Ending JohnCM 08/05/18 09:20:01 AM