VANCOUVER, B.C. / TheNewswire / October 12, 2018 - Sproutly Canada, Inc. (CSE: SPR) (FRA: 38G) (OTCQB: SRUTF) ("Sproutly" or the "Company") is pleased to announce that its common shares were upgraded and approved for trading on the OTCQB(R) Venture Market ("OTCQB") in the United States and that the Company has been added to the Canadian Securities Exchange's CSE 25 Index ("CSE 25 Index").
The symbol for trading of Sproutly's common shares in the United States on the OTCQB is "SRUTF". Sproutly continues to trade on the Canadian Securities Exchange ("CSE") under the trading symbol "SPR". The OTCQB in the United States is similar to the CSE in Canada for early stage and developing international companies. To be eligible for the OTCQB, companies must be current in their financial reporting, pass a minimum bid price test and undergo an annual company verification and management certification process.
Sproutly has been added to the CSE 25 Index. The Index includes the top twenty-five securities by market capitalization contained in the CSE's composite index. These companies account for over 50% of the weighting in the larger index and are typically stocks that attract considerable trading volume.
About Sproutly Canada, Inc.
Sproutly is an ACMPR Licensed Producer of cannabis and an exclusive licensee of APP Technology that strives to meet the evolving needs of cannabis consumers in regulated global jurisdictions, including Canada, Australia, Israel, Jamaica and the European Union. Its mission is to become a consumer products company, bringing together best-in-class cultivation, secured distribution solutions, and advanced technologies to redefine the cannabis industry. Sproutly owns and operates a licensed cannabis cultivation facility located centrally in the Greater Toronto Area utilizing state-of-the-art production technology and methods designed to pharma-grade standards. Sproutly is the exclusive licensee in Canada, Australia, Israel, Jamaica and the European Union of APP Technology which is able to produce Infuz2o, the world's first naturally water-soluble cannabinoids, and Bio-Natural Oil. Sproutly's strategy is focused on developing and deploying novel technologies to formulate and market unique cannabis products in a rapidly evolving consumer market.
For more information on Sproutly, please visit www.sproutly.ca.
Keith Dolo, Chief Executive Officer of Sproutly Canada
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 Canada. 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, the date of trading of the Sproutly Shares on the CSE and final regulatory approvals. 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 state of the economy in general and capital markets in particular, and other factors, many of which are beyond the control of Sproutly Canada. 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.
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