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JOINT REPLY MEMORANDUM OF LAW in Support re: (625 in 1:11-cv-05450-NRB, 3733 in 1:11-md-02262-NRB) MOTION to Approve Final Approval of Settlement with Defendants MUFG Bank, Ltd., The Norinchukin Bank, and Societe Generale. Document filed by City of New Britain, Jennie Stuart Medical Center, Inc., Mayor and City Council of Baltimore, Vistra Energy Corp., Yale University. Filed In Associated Cases: 1:11-md-02262-NRB, 1:11-cv-05450-NRB.
Federal Deposit Insurance Corporation as Receiver for (Following 20 banks):
a.Amcore Bank, N.A.
b.AmTrust Bank
c.California National Bank
d.Colonial Bank
e.Corus Bank, N.A.
f.Guaranty Bank
g.Imperial Capital Bank
h.Indy Mac Bank, F.S.B.
i.Integra Bank, N.A.
j.Lydian Private Bank
k.Pacific National Bank
l.Park National Bank
m.R-G Premier Bank of Puerto Rico
n.San Diego National Bank
o.Silverton Bank, N.A.
p.Superior Bank
q.United Commercial Bank
r.United Western Bank
s.Washington Mutual Bank
t.Western bank Puerto Rico
DOCKETBIRD.COM
In re: Libor-Based Financial Instruments Antitrust Litigation: Exhibit A
I keep up with a few bankruptcy cases from around the same time period, including United Western Bankcorp and Washington Mutual. It seems that the current LIBOR litigation may be the cork in the bottle. Once that is finished (maybe two years), then these bankruptcy cases can closed and any payouts, if any, can be made.
GMoney. I had DIMEQ and received a check in the mail. No NDA.
Eohhoman, Lack of any substantive progress has done it for me. I also purchased way to much early on and am now having a difficult time getting out. It took me over 3 weeks to get a 200,000 share order filled at .04 US. Nobody wants the shares. I'm getting ready to try and get rid of the rest.
I would prefer news releases that contained some actual information and not just fluff.
I do agree with you that there is enough happening, though extremely slowly, that it is worth waiting to see how things go. It has to be soon though, because I don't see it being possible for the company to continue financing it's existence by diluting our ownership by paying off loans with shares. Each time this has been done, we have not only lost a share of future earnings, but our share price has dropped as the newly issued shares get dumped on the market.
Thanks for the reply though. Your obviously not blind to the risk, or the frustration and your right to hope for the best.
Yes. I was actually surprised that the latest news was not the gummie sale. Hopefully they do get that going soon to bring in some revenue.
I was thinking earlier today that I would like to see more licensing of the technology. This allows the execution of bringing products to market into some other companies hands that may be a bit more timely, but also allows Sproutly to benefit financially.
those who have lost all hope should just take their loss and move on
Gee, I never thought about selling.
My biggest problem is that they are giving me no reason to keep buying! If I don't want to buy any, who does? If nobody wants to buy, what do you think happens next?
success is just around the corner
Have I missed something? What success are you referring to? Kingston? Just what is your idea of a time frame till distribution? All they have so far is a letter of intent. Just a non-binding agreement. Not a contract. It doesn't get much more preliminary than this.
Patience? And then you post a two year old article. Hahaha
Forgive me for not getting excited and investing more into this.
That is the problem. The company has not executed on anything in two years and there are now no buyers left to prop up the stock that they have been using as a piggy bank to pay themselves.
Even the scheme of paying bills with shares is about to come to an end. This last distribution is hanging heavy and it is now to the point that even if positive news is released, there is no credibility left to drive the price up again.
The only thing that would help now would be multiple quarters of increasing revenue according to 8k and 10k filings. Nothing else is believable anymore. Unfortunately, this doesn't seem realistic at this point. The opportunity has past.
Sproutly enters LOI with Kingston Cannabis
Letter of Intent, since they never bothered to define it in the article.
So what does this mean? I would guess about two more years of working out the details, testing, re-testing, reformulating, re-testing, and so on.
What happened to all the gummies? Still nothing? Are they just sitting there rotting away?
It's a bit difficult to support this company when they pay their bills by trading shares for money. Every day we get to watch as a hundred thousand shares are listed for sale at lower and lower price, while nobody is interested in buying.
Bad decision to buy into this one, and too late to get out.
Not quite the news we had hoped for, but certainly staying true to form.
Sproutly Announces Shares for Debt Settlement
BUSINESS WIRE 9:56 AM ET 9/16/2021
Symbol Last Price Change
SRUTF 0.0439up +0.0005 (+1.152074%)
QUOTES AS OF 09:57:19 AM ET 09/16/2021
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) announces that it intends to settle outstanding current debt (the “Debt Settlement”) of the Company and the Company’s subsidiary, Toronto Herbal Remedies Inc., in the aggregate amount of $145,448.44 (the “Debt”), pursuant to the terms of debt settlement agreements with two arm’s length creditors (the “Creditors”). In settlement of the Debt, the Company has agreed to issue an aggregate of 2,908,968 common shares in the capital of the Company (the “Settlement Shares”) at a price of $0.05 per Settlement Share.
The Debt will be extinguished upon the issuance of the Settlement Shares. The Creditors voluntarily elected to satisfy their respective Debt with the Settlement Shares in lieu of cash payment, which will allow the Company to preserve its cash for future operations.
All securities issued in connection with the Debt Settlement will be subject to a four-month and one day hold period from their date of issue under applicable Canadian securities laws, in addition to such other restrictions as may apply under applicable securities laws of jurisdictions outside Canada.
Thanks for this info Nosibor.
I gathered we will not be seeing the holy grail THC drink any time soon, but that products (gummies) will begin being released in the next few weeks, month, or by the end of the year. Not super clear as all time frames were referenced in the video.
This does give us something to look forward to and maybe a revenue source to slow the bleeding.
It is important to note that this quote was from April 20, 2021. Since then there has been no progress to be seen, but shares have continued to be issued or exchanged, further diluting existing shareholders.
"sell now or suffer for a while longer"
I guess the third option of buying more is off the table. haha
Well, I'm getting a little tired of this being the only type of news we ever get other than the strategic partnerships that never seem to go anywhere. Been dead money for too long now.
Sproutly Issues Shares in Lieu of Semi-Annual Interest Payment
BUSINESS WIRE 5:46 PM ET 6/30/2021
Symbol Last Price Change
SRUTF 0.0535up +0.001075 (+2.050548%)
QUOTES AS OF 03:58:07 PM ET 06/30/2021
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) ("Sproutly" or the "Company") announces that, pursuant to a convertible debenture indenture dated October 24, 2018 between the Company and TSX Trust Company, as trustee, which has been amended pursuant to a first supplemental indenture dated April 24, 2020, a second supplemental indenture dated July 23, 2020, a third supplemental indenture dated September 23, 2020 and a fourth supplemental indenture dated April 22, 2021 (collectively, the "Indenture"), the Company intends to settle accrued and unpaid interest ("Interest") under the Indenture in the amount of $70,000 through the issuance of 1,166,666 common shares in the capital of the Company (the "Settlement Shares") at a price of $0.06 per Settlement Share.
The Interest represents a semi-annual interest payment under the Indenture and the Interest will be fully settled upon the issuance of the Settlement Shares. The holder of the convertible debenture voluntarily elected to satisfy the Interest with common shares of the Company which will allow the Company to preserve its cash for future operations.
For additional details regarding the Indenture, please refer to the Company’s news releases dated October 24, 2018, December 21, 2018, April 24, 2020, July 30, 2020, September 23, 2020, January 5, 2021, April 22, 2021 and June 3, 2021 along with the Company’s final short form prospectus dated December 19, 2018, each of which are available on the Company’s SEDAR profile at www.sedar.com.
Better for them(lenders) than having the company go into default, I would guess.
I believe the lender would sell the shares immediately even though they are taking a 20% haircut. They wouldn't have any interest in holding shares.
Definitely not investors happy about the debt being cleaned up. The volume preceded the news.
This to me just looks like the company wanted to pay a bill( interest) and struck a deal with the lender to give them shares who then offered the shares up for sale.
The company just played us. They know we are all waiting for some good news and would jump when the volume increased.
This is turning into a sad story in my view.
Now we know where the volume was from.
Little bit of volume to generate a little bit of excitement to pay some more bills by diluting current shareholders.
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) announces that the Company, pursuant to a convertible debenture indenture dated October 24, 2018 between the Company and TSX Trust Company, as trustee, which has been amended pursuant to a first supplemental indenture dated April 24, 2020, a second supplemental indenture dated July 23, 2020 and a third supplemental indenture dated September 23, 2020 (collectively, the “Indenture”), intends to settle $124,000 in accrued and unpaid interest (the “Interest”) under the Indenture. In settlement of the Interest, the Company intends to issue 2,480,000 common shares in the capital of the Company (the “Settlement Shares”) at a price of $0.05 per Settlement Share.
The outstanding Interest will be fully settled upon the issuance of the Settlement Shares. The Debenture holders voluntarily elected to satisfy the Interest with common shares of the Company which will allow the Company to preserve its cash for future operations.
For additional details regarding the Debentures, please refer to the Company’s news releases dated October 24, 2018, December 21, 2018, April 24, 2020, July 30, 2020 and September 23, 2020 along with the Company’s final short form prospectus dated December 19, 2018, each of which are available on the Company’s SEDAR profile at www.sedar.com.
About Sproutly Canada
Case:12-13815-TBM Doc#:677 Filed:09/20/20 Entered:09/20/20 22:46:06 Page1 of 1
UNITED STATES BANKRUPTCY COURT
DISTRICT OF COLORADO
In re: )
)
UNITED WESTERN BANCORP, INC. ) Case No. 12-13815-TBM
MATRIX BANCORP TRADING, INC. )
) Chapter 7
Debtor(s) )
)
MOVANT’S CERTIFICATE OF NON-CONTESTED MATTER AND REQUEST FOR ENTRY OF ORDER
On August 24, 2020, SIMON E. RODRIGUEZ, TRUSTEE, Movant, filed a motion or application pursuant to L.B.R. 9013-1 entitled DENNIS AND COMPANY’S SIXTH AND FINAL APPLICATION FOR
COMPENSATION AND REIMBURSEMENT OF EXPENSES. Movant hereby certifies that the following is true and correct:
1. Service of the motion/application, notice and proposed order were timely made on all parties against whom relief is sought and those otherwise entitled to service pursuant to the FED. R. BANK. P. and the L.B.P. as is shown on the certificate of service, L.B. Form 9013-1.2 previously filed with the motion/application on August 24, 2020.
2. Mailing or other service of the notice was timely made on all other creditors and parties in interest pursuant to L.B.R. 9013-1 and 2002-1, as is shown on the certificate of service, L.B. Form 9013-1.2, previously filed with the notice on August 24, 2020.
3. The docket numbers for each of the following relevant documents are:
a. The motion and all documents attached thereto and served therewith, (Docket No. 675 and No. 676);
b. The notice, (Docket No. 676);
c. The certificate of service of the motion and the notice, (Docket No. 675 and 676);
d. The proposed order, (Docket No. 675); and
4. No objections to or requests for hearing on the motion/ application were received by the undersigned, or filed with the court and docketed in the case file by the date designated in the notice, or have been resolved by Docket No. N/A.
WHEREFORE, Movant prays that the Court forthwith enter an order, a form of which is submitted herewith, granting the requested relief.
Dated: September 20, 2020
RESPECTFULLY SUBMITTED,
BY: /S/ Simon E. Rodriguez
SIMON E. RODRIGUEZ, trustee
P O Box 36324
Denver, CO 80236
(303) 969-9100
Qurtery report and presentation just three days ago.
also:
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Maxar Technologies Shares Rise to Near Two-Year High After Q2 Results, Raised Guidance
MT Newswires – 1:40 PM ET 08/06/2020
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IIROC Trade Resumption - MAXR
Canada NewsWire – 8:09 AM ET 08/06/2020
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--Analyst Actions: RBC Capital Lifts Maxar Technologies' Price Target to $25 From $21, Keeps Outperform-Speculative Risk Rating
MT Newswires – 7:55 AM ET 08/06/2020
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Maxar Technologies Inc. CEO Daniel Jablonsky on Q2 2020 Results -- Earnings Call Transcript >MAXR
DJ Realtime News – 2:10 AM ET 08/06/2020
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BRIEF-Maxar Technologies Reports flat Q2 Earnings From Continuing Operations
Reuters – 4:38 PM ET 08/05/2020
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IIROC Trading Halt - MAXR
Canada NewsWire – 4:22 PM ET 08/05/2020
-- Earnings Flash (MAXR.TO) MAXAR TECHNOLOGIES Reports Q2 Consolidated Revs From Continuing Ops of US$439 million
MT Newswires – 4:11 PM ET 08/05/2020
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Press Release: Maxar Technologies Reports Second Quarter 2020 Results
DJ Realtime News – 4:10 PM ET 08/05/2020
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Maxar Technologies Reports Second Quarter 2020 Results
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Business Wire – 1:45 PM ET 07/30/2020
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Zacks Investment Research, Inc. upgrades MAXAR TECHNOLOGIES INC from NEUTRAL to OUTPERFORM.
Investars Analyst Actions - private – 3:10 AM ET 07/30/2020
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DJ Realtime News – 5:10 PM ET 07/29/2020
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Maxar Board of Directors Approves Quarterly Dividend
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Press Release: Maxar Technologies Second Quarter 2020 Investor Call Scheduled for Wednesday, August 5, 2020
DJ Realtime News – 5:49 PM ET 07/23/2020
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Maxar Technologies Second Quarter 2020 Investor Call Scheduled for Wednesday, August 5, 2020
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Maxar Technologies to Participate in Upcoming Investor Conferences
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BRIEF-Maxar Technologies Renews Four Multi-Million Dollar International Defense And Intelligence Contracts
Reuters – 7:17 AM ET 07/20/2020
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Maxar Technologies Renews Four Defense and Intelligence Contracts Worth $120 Million
MT Newswires – 7:05 AM ET 07/20/2020
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Maxar Renews Four Multi-Million Dollar International Defense and Intelligence Contracts
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Refinitiv/Verus downgrades MAXAR TECHNOLOGIES INC from BUY to HOLD.
Investars Analyst Actions - public – 3:10 AM ET 07/20/2020
Infusion Biosciences Announces First Commercial Launch of Hemp-Derived Infuz2O Beverage in The U.S. With Whole Plant Extractions and Kalo
BUSINESS WIRE 6:30 AM ET 8/4/2020
Symbol Last Price Change
SRUTF 0.04up 0 (0%)
QUOTES AS OF 03:53:21 PM ET 08/03/2020
Not for Dissemination in the US or Through US Newswire Services
TORONTO--(BUSINESS WIRE)-- Infusion Biosciences Inc. (“Infusion Biosciences”), a biotechnology company focused on discovering and commercializing innovative hemp and cannabis products, is pleased to announce the first commercial launch of a beverage utilizing its proprietary water-soluble hemp extract ingredient Infuz2O in the United States with KALO (www.drinkkalo.com) (the “Infuz2O Beverage Launch”). The KALO line of beverages is being serviced via a supply agreement with Whole Plant Extractions LLC, (“WPE”) a joint venture between Infusion Biosciences and HillviewMed Inc. (d/b/a/Hillview) (www.HillviewMed.com). The KALO beverage line consist of flavored seltzers with a full entourage of natural hemp phytochemicals including cannabinoids, terpenes, vitamins, minerals & antioxidants with only 15 calories and five ingredients.
“The launch with KALO, a beverage utilizing our proprietary and naturally occurring water-soluble hemp-derived Infuz2O marks an important milestone and is a commercial validation of our APP Technology,” said Dr. Arup Sen, CEO and Director. “The formulation knowledge we are developing for hemp Infuz2O will directly benefit Sproutly Canada Inc.(SRUTF) (FSE: 38G), the licensee of APP Technology in Canada, to develop cannabis and hemp beverages and edibles”, added Dr. Sen.
“We are excited to be the first company to bring a full spectrum hemp product to market using Infuz2O proprietary technology,” said Ken Vande Vrede, CEO of Hillview Med. “We feel that with our best in class growing capabilities and APP Technology, we can bring unique beverage experience to consumers that will satisfy their desire for both clean functionality and clean refreshing taste.” Hillview is a leading grower of plants and vegetables for commercial retailers in the Northeast.
Mr. Brian Sudano of Beverage Marketing Company commented, “The versatility of formulating Hemp Infuz2O produced using the ground breaking APP Technology provides WPE and Infusion Biosciences with superior products that can be delivered to consumers in a natural format, low in calories with no chemical formulations or additives aligning it with what consumers are looking for today”
Infusion Biosciences discovered the presence of, and developed proprietary technologies to produce and formulate, naturally occurring cannabinoids (including THC and CBD) and other phytochemicals in cannabis and hemp plants. Unlike chemically formulated oil extracts, Infuz2O water solutions enable the cannabinoids and phytochemicals to be efficiently and rapidly delivered to body as an all natural whole plant phytochemical entourage. Thus consumers rapidly feel hemp’s effects and realize the beneficial experience.
About Hillview.
Building on a rich heritage in agriculture, Hillview, a New Jersey based corporation, is dedicated to growing and manufacturing high-quality, safe and effective cannabis and hemp products that support the well-being of every lifestyle. By investing heavily in science and technology, Hillview is leading the hemp and legal cannabis industries in the next generation of cannabis and hemp derived products. Promising transparency and accountability to its consumers, each and every one of its cannabis and hemp derived products is independently third-party lab tested and fully traceable. Hillview owns and operates multiple cultivation and manufacturing facilities, several of which are compliant with the highest certifications including GMP-Compliant, GFSI Certified and USDA Certified Organic. Hillview believes in doing business ethically and partnering with like-minded organizations who share its vision to responsibly advance the cannabis and hemp industries. For more information, visit www.HillviewMed.com.
About Sproutly Canada, Inc.(SRUTF)
Sproutly trades on the CSE under the ticker CSE:SPR, its core objective is to become the leading supplier of unique ingredients and customized formulations to the cannabis beverage and edibles market. Its water-soluble Infuz2O and BioNatural Oils will deliver revolutionary brands to international markets that are striving to produce differentiated consumer products. Sproutly’s business focus is to execute on partnerships with local and globally established consumer brands to leverage their existing customer bases, further expand brand loyalty, assist with marketing, and support distribution networks to deliver this scientific breakthrough with speed and efficiency worldwide.
About Infusion Biosciences Inc.
Infusion Biosciences Inc. is a biotechnology company focused on discovering and commercializing proprietary technologies by creating innovative means to deliver the experience and benefits of cannabis and hemp. Scientists at Infusion Biosciences have discovered the presence of, and developed methods to recover (APP Technology), water soluble forms of lipids (oils), including cannabinoids and terpenes, which naturally exist in the cannabis plants and are able to be delivered at scale in an ingredient known as Infuz2O. Its APP Technology is being commercialized in Canada and other international markets via its licensee Sproutly Inc., which trades on the CSE under the ticker CSE:SPR.
For more information on Infusion Biosciences, please visit www.infusionbiosciences.com
--Analyst Actions: Barclays Raises Mr. Cooper Group to Overweight From Equal-Weight, Price Target to $24 From $11
MT NEWSWIRES 12:57 PM ET 7/31/2020
12:57 PM EDT, 07/31/2020 (MT Newswires) -- (MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)
Price: 16.39, Change: +0.41, Percent Change: +2.57
--Analyst Actions: Wedbush Lifts Price Target on Mr. Cooper Group to $21 From $16, Maintains Outperform Rating
MT NEWSWIRES 8:46 AM ET 7/31/2020
08:46 AM EDT, 07/31/2020 (MT Newswires) --
Price: 16.60, Change: +0.62, Percent Change: +3.88
VANCOUVER, British Columbia--(BUSINESS WIRE)--Sproutly Canada, Inc. (CSE: SPR) (OTCQB: SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) announced today that Justin Kates and Michael Bellas have resigned from the Board of Directors, effective June 22, 2020. Mr. Bellas will remain a trusted advisor to the CEO, Dr. Arup Sen. As part of the Company’s Business Transformation plan announced last month, the investment by Infusion Biosciences includes the appointment of a Board member, which will be announced upon the closing of the financing.
https://www.businesswire.com/news/home/20200624005880/en/
Still seems to be trading though.
VANCOUVER, April 24, 2020 /CNW/ - The following issues have been halted by IIROC:
Company: Sproutly Canada Inc.(SRUTF)
CSE Symbol: SPR (All Issues)
Reason: At the request of the Company Pending News
Halt Time (ET): 15:35
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) - Halts/Resumptions
Sproutly Executes its 3rd and 4th Provincial Supply Agreements with Manitoba and Saskatchewan
BUSINESS WIRE 9:00 AM ET 3/27/2020
Symbol Last Price Change
SRUTF 0.0729up 0 (0%)
QUOTES AS OF 03:44:59 PM ET 03/26/2020
N O T FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) is pleased to announce that the Company’s wholly-owned subsidiary, Toronto Herbal Remedies (“THR”) has entered into a cannabis supply agreement with the provinces of Manitoba and Saskatchewan (together, the “Supply Agreements”) through the Manitoba Liquor and Lotteries Corporation and the Saskatchewan Liquor and Gaming Authority, respectively, as at March 27, 2020.. Manitoba and Saskatchewan will be the 3rd and 4th provinces in Canada to carry Sproutly’s CALIBER branded indoor-grown dried flower products ("CALIBER"), following Alberta and New Brunswick in late 2019. Pursuant to the Supply Agreements, CALIBER will launch in Manitoba and Saskatchewan initially with its 3.5 gram flower offerings for each one of CALIBER’s unique strains, Berry White and Lemon Zkittle (2018 Highlife Cup Overall and Best Sativa winner which will be called Lemon Z). CALIBER's launch in Manitoba and Saskatchewan will be supported with regional marketing efforts in accordance with Health Canada regulations.
“We are pleased to announce Manitoba and Saskatchewan as our newest partners to carry our CALIBER branded products. With a combined 70 physical retail locations across the two provinces, Manitoba and Saskatchewan will continue push the momentum for the Company’s ongoing and ambitious product launch plan,” said Keith Dolo, CEO & Director of Sproutly. “As we mentioned from the start, our small-batch dried flower is only the very beginning of our CALIBER brand portfolio. We have a number of innovative developments in our consumable and edible products pipeline (“Cannabis 2.0”) derived from our proprietary extraction technology APP Technologythat we are expect to introduce to our partners in the near future.”
Sproutly’s CALIBER Cannabis 2.0 products are expected launch later in the year. APP Technology is a proprietary technology that extracts whole-plant BioNatural Oils (BNO) and water soluble Infuz2O.
About Sproutly Canada, Inc.(SRUTF)
Sproutly’s core mission is to become the leading supplier to the cannabis beverage and edibles market. The Company’s Toronto-based facility, licensed under the Cannabis Act, was built to cultivate pharmaceutical grade cannabis to supply a technological breakthrough in producing and formulating the first natural, truly water-soluble cannabis solution. Our water-soluble ingredients and our bio-natural oils will deliver our unique brands to international markets that are clamouring for well-defined commercial products. Sproutly’s business focus is to execute on partnerships with local and globally established consumer brands to leverage their existing customer bases, further expand brand loyalty, assist with marketing, and support distribution networks to deliver this scientific breakthrough with speed and efficiency worldwide.
For more information on Sproutly, please visit: www.sproutly.ca.
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Sproutly. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, statements regarding discussions of future plans, estimates and forecasts and statements as to management's expectations and intentions with respect to, among other things, timing relating to the Company's ability to launch and supply its CALIBER branded products in Manitoba and Saskatchewan; and the Company's development and launch of its Cannabis 2.0 products.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among other things, the Company’s inability to launch or supply its CALIBER branded products in Manitoba and Saskatchewan; the Company's inability to develop and launch its Cannabis 2.0 products; potential negative consumer, investor or public perception of the Company’s ‘CALIBER’ branded products in Manitoba or Saskatchewan; changes in consumer preferences and product trends; and political, legal and regulatory uncertainty relating to cannabis products generally. In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, that the Company will launch its CALIBER branded products in Manitoba and Saskatchewan; that the Company’s ‘CALIBER’ branded products will be positively received by consumers in Manitoba and Saskatchewan; and that the Company will continue to develop and launch its Cannabis 2.0 products. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial outlook that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200327005085/en/
Source: Sproutly Canada, Inc.(SRUTF)
One thing for sure is that nothing is happening right now. When the trading volume picks up, then it's time to pay attention.
I'm continuing to accumulate slowly as we wait.
I agree that obtaining financing to be able to continue operating seems like a good move. The terms of the financing are also reasonable, so a positive for that also.
NOT FOR DISSEMINATION IN THE US OR THROUGH US NEWSWIRE SERVICES
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) is pleased to announce it has secured a private loan (the “Loan”) of $1 million from Infusion Biosciences Inc., a related party of the Company (the “Lender”). The Loan carries an interest rate of 10% per annum accruing and compounding monthly, payable on maturity on or before October 24, 2020 (the “Maturity Date”). The Company anticipates using the proceeds of the Loan to support the Company’s general working capital.
The Loan is evidenced by a secured convertible debenture (the “Convertible Debenture”) that provides the Lender with the right to convert the principal of the Loan into units of the Company (the “Units”) at a conversion price of $0.19per Unit, subject to adjustment in accordance with the terms of the Convertible Debenture (the “Conversion Price”). Each Unit will consist of one common share in the capital of the Company (a “Common Share”) and one Common Share purchase warrant (a “Warrant”), with each Warrant entitling the Lender to acquire one Common Share at an exercise price equal to $0.20for a period of two years from date of issuance.
Sproutly has the right at any time prior to the Maturity Date to pre-pay the amount outstanding under the Convertible Debenture. In the event of pre-payment of the Convertible Debenture, the Lender will be entitled to receive such number of Warrants equal to the number that the Lender would have been issued if the Convertible Debenture was converted at the Conversion Price.
The Convertible Debenture and the securities issuable upon conversion of the Convertible Debenture are subject to a minimum four-month hold period and restrictions on transfer under Canadian securities law.
About Sproutly Canada, Inc.(SRUTF)
Sproutly’s core mission is to become the leading supplier to the cannabis beverage and edibles market. The Company’s Toronto based facility, licensed under the Cannabis Act, was built to cultivate pharmaceutical grade cannabis to supply a technological breakthrough in producing and formulating the first natural, truly water-soluble cannabis solution. Our water-soluble ingredients and our bio-natural oils will deliver revolutionary brands to international markets that are clamouring for well-defined commercial products. Sproutly’s business focus is to execute on partnerships with local and globally established consumer brands to leverage their existing customer bases, further expand brand loyalty, assist with marketing, and support distribution networks to deliver this scientific breakthrough with speed and efficiency worldwide.
For more information on Sproutly, please visit: www.sproutly.ca.
Forward-Looking Statements
Cautionary Note Regarding Forward-Looking Statements: This release includes certain statements and information that may constitute forward-looking information within the meaning of applicable Canadian securities laws or forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or future performance and reflect the expectations or believes regarding future events of management of Sproutly. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends” or “anticipates”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “should”, “would” or “occur”. This information and these statements, referred to herein as "forward-looking statements", are not historical facts, are made as of the date of this news release and include without limitation, management’s intended use of the Loan proceeds.
These forward-looking statements involve numerous risks and uncertainties and actual results might differ materially from results suggested in any forward-looking statements. These assumptions, risks and uncertainties include, among other things, changes in consumer preferences and product trends; and political, legal and regulatory uncertainty relating to cannabis products generally.
In making the forward looking statements in this news release, the Company has applied several material assumptions, including without limitation, management’s expectations relating to working capital budgets. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not undertake to update any forward-looking statement, forward-looking information or financial out-look that are incorporated by reference herein, except in accordance with applicable securities laws. We seek safe harbor.
View source version on businesswire.com: https://www.businesswire.com/news/home/20200128005908/en/
Source: Sproutly Canada, Inc.(SRUTF)
Thanks collector, It was a long weekend waiting for the mail delivery. I did receive my three statement letters and also three separate checks, one for each account I had holdings.
So, has anyone seen a check yet? I did get a few shares of COOP this week, but I was a WAMUQ common shareholder also.
SRUTF is listed on the OTC QB. It is required to maintain a price above $0.01.
OTC Markets Group Inc.OTCQB Standards (v 3.2 April 16, 2019)Page 1 of 17 OTCQB StandardsThe OTCQB® Venture Market is for entrepreneurial and development stage U.S. and international companies. To be eligible, companies must be current in their reporting, have a minimum bid price of $0.01, may not be in bankruptcy and must undergo an annual verification and management certification process. These standards provide a strong baseline of transparency to improve the information and trading experience for investors.
https://www.otcmarkets.com/files/otcqb_standards.pdf
VANCOUVER, British Columbia--(BUSINESS WIRE)-- Sproutly Canada, Inc.(SRUTF) (FSE: 38G) (“Sproutly" or the “Company”) is pleased to announce that the Company’s wholly-owned subsidiary Toronto Herbal Remedies (“THR”) has entered into a cannabis standing offer contract with the province of Alberta (the “Supply Agreement” or the “Agreement”) from Alberta Gaming, Liquor & Cannabis (“AGLC”), the province’s wholesaler and operator of Alberta’s only legal online recreational cannabis store, AlbertaCannabis.org. Pursuant to the Supply Agreement, Sproutly will supply AGLC with its indoor-grown dried flower products produced from THR, under the Company’s premium cannabis brand ‘CALIBER’. The Alberta Supply Agreement is the Company’s first executed provincial supply agreement for cannabis flower to date.
“Our Supply Agreement with AGLC marks the launch of our ‘CALIBER’ products to recreational consumers throughout one of the largest legal provincial markets in Canada by revenue, validating the demand of our products from customers and retailers across the country.” said Keith Dolo, CEO & Director of Sproutly. “With over 340 licensed physical cannabis retailers to date, the most out of any Canadian province, our partnership with AGLC will be a fantastic opportunity to seamlessly introduce our ‘CALIBER’ branded products in an established market, beginning with our premium dried flower portfolio. We look forward to replicating this success in additional markets across Canada”.
CALIBER will launch in Alberta with 4 SKUs including both an introductory size (1g) and the most popular size (3.5g) for each of CALIBER’s unique strains, Berry White and Lemon Zkittle (2018 Highlife Cup Overall and Best Sativa winner which will be called Lemon Z). The launch will be supported with regional marketing efforts in line with Health Canada regulations.
“Sproutly’s CALIBER brand has been curated with the cannabis connoisseur in mind, and targeted to adults who are looking for a brand distinguished by its premium quality flower. We selected to launch CALIBER in Alberta because we believe it has one of the most attractive consumer bases for high-quality craft cannabis flower.” said Melise Panetta, Vice President of Marketing and Sales. “Sproutly’s product portfolio is expected to expand in 2020 into extracts, beverages (via the Moosehead Sproutly Joint Venture Partnership) and edible products using the proprietary Aqueous Phytorecovery Process (“APP”) technology that extracts BioNatural Oils (BNO) and water soluble Infuz20.” continued Panetta.
The Supply Agreement with AGLC follows the Company’s receipt of its Flower Sales License from Health Canada on October 16, 2019, making it the first executed provincial supply agreement for Sproutly to date.
Looks like that article was on point. Thanks. Good day.
https://finance.yahoo.com/news/top-ranked-value-stocks-buy-143302628.html
Mr. Cooper Group Inc. (COOP): This financial services company has a Zacks Rank #1, and seen the Zacks Consensus Estimate for its current year earnings rising 41.9% over the last 60 days.
MR. COOPER GROUP INC Price and Consensus
MR. COOPER GROUP INC Price and Consensus
MR. COOPER GROUP INC Price and Consensus
MR. COOPER GROUP INC price-consensus-chart | MR. COOPER GROUP INC Quote
Mr. Cooper Group has a price-to-earnings ratio (P/E) of 4.18, compared with 8.40 for the industry. The company possesses a Value Score of A.
MR. COOPER GROUP INC PE Ratio (TTM)
I just hope he sells enough so he can afford a sense of humor.
--Analyst Actions: Wedbush Raises Price Target on Mr. Cooper Group to $12 From $10, Maintains Outperform
MT NEWSWIRES 8:51 AM ET 8/2/2019
08:51 AM EDT, 08/02/2019 (MT Newswires) --
Price: 8.54, Change: +0.93, Percent Change: +12.22
MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
©http://www.mtnewswires.com Copyright © 2019 MT Newswires. All rights reserved.
Can't seem to find the webcast. Investor event page just says "
There are currently no events to display."
What am I missing here?
Found it listed under past events. Good job.
Final Federal Permit Issued for PolyMet NorthMet Project
BUSINESS WIRE 9:17 AM ET 3/22/2019
Symbol Last Price Change
PLM 0.6661down 0 (0%)
QUOTES AS OF 08:00:00 PM ET 03/21/2019
Company enters into debt extension agreement with Glencore
ST. PAUL, Minn.--(BUSINESS WIRE)-- Poly Met Mining, Inc., a wholly-owned subsidiary of PolyMet Mining Corp.(PLM) (together “PolyMet” or the “company”) TSX: POM; NYSE American: PLM, announced today that the U.S. Army Corps of Engineers has issued its Record of Decision and Section 404 wetlands permit for the NorthMet Project. Along with recently issued state permits, PolyMet now holds all necessary permits to construct and operate the NorthMet copper-nickel-precious metals mine and processing plant located near Hoyt Lakes, Minnesota.
PolyMet also announced today that it has entered into an extension agreement with Glencore AG (“Glencore”) with respect to the approximate US$243 million in secured convertible and non-convertible debt owing to Glencore which is due to mature on March 31, 2019. Glencore has agreed to extend the maturity date of the debt to provide PolyMet time to prepare for and complete a rights offering by June 30, 2019, fully backstopped by Glencore, to raise sufficient funds to repay the outstanding debt. In connection with the extension agreement, the company has also agreed to issue additional purchase warrants to Glencore and to make certain amendments to the existing exchange warrants held by Glencore, subject to applicable stock exchange approval. The company will provide further information with respect to the pricing and timing of the rights offering in due course.
“While our immediate goal is to address the Glencore debt, we are proud to be the first mining company to be fully permitted to responsibly build and operate a copper-nickel-precious metals mine within the world-class Duluth Complex,” said Jon Cherry, president and CEO. “Our employees, shareholders, Iron Rangers, labor and business partners all share in this historic achievement. They have steadfastly believed in, worked tirelessly toward and provided unwavering support for this project for so long.”
The issuance of the federal wetlands permit follows Minnesota regulators’ issuance late last year of the Permit to Mine, dam safety, water appropriations, water and air quality, and public waters work permits; representing a total of 18 state and federal permits and approvals.
The company is refining the technical details of the project as planning for final engineering and construction are underway. Initial site preparation work has already begun such as monitoring well installations, asbestos abatement, infill and geotechnical drilling. “Importantly, receipt of this final permit enables us to move forward with project financing which is expected to take several months,” Cherry said.
PolyMet aims to be the first mining company to commercially produce copper and nickel, in addition to platinum, palladium, gold and cobalt, from one of the four world-class Duluth Complex base and precious metal deposits in the historic Iron Range mining district in northeastern Minnesota.
The company expects to build and operate open pit mining operations that are expected to yield approximately 1.2 billion pounds of copper, 170 million pounds of nickel, 6.2 million pounds of cobalt and 1.6 million ounces of precious metals including 1.2 million ounces of palladium and 290,000 ounces of platinum, over a 20-year mine life. The 225 million tons of ore permitted for extraction represent roughly one third of the NorthMet 649-million-ton Measured and Indicated Resource as described in the company’s 2018 National Instrument 43-101 Technical Report, which is filed under the company’s SEDAR and EDGAR profiles.
The Record of Decision and Section 404 wetland permit can be found on the USACE website at https://www.mvp.usace.army.mil/Missions/Regulatory/PolyMet/
The information in this release related to the 2018 Technical Report has been reviewed and approved by Herb Welhener, an Independent Qualified Person within the meaning of National Instrument 43-101.