Profile image
By Midas Letter (Reporter)
Contributor profile | More stories
Story Views
Last Hour:
Last 24 Hours:

Sproutly Canada Inc Officially Acquires Infusion Biosciences

% of readers think this story is Fact. Add your two cents.

Sproutly Canada Inc (CNSX:SPR) (OTCMKTS:SRUTF) is in the news this morning. After a self-imposed trading halt on July 30th pending news, the company revealed the basis for that decision.

Just a few minutes ago, Sproutly officially announced the deal to acquire Infusion Biosciences Canada Inc.—the purveyors of the company’s Aqueous Phytorecovery Process (APP) technology which will change the way cannabinoids are infused into drinks and edibles. The technology delivers full experience of cannabis paralleling the onset and offset profiles of smoking while avoiding undesirable features that have kept a vast majority of consumers away.

To close the transaction, Sproutly issues 36,857,676 common shares to Infusion Biosciences, with an earn-out of up to an additional 14,743,070 Sproutly shares upon the acquirer achieving certain milestones. Sproutly will also deliver a $4,525,000 cash payment, due within 12 months from closing of the acquisition and subject to adjustments as set forth in the Infusion SPA. For this, the acquirer gains the exclusive rights for APP Technology in Canada, the European Union, Australia, Israel, and Jamaica.

Although many companies claim to deploy water soluble cannabanoid processes, the majority are in fact only water compatible. That’s a major difference, since the former can assimilate organically into beverages while maintaining its original properties. Those benefits include a greater “entourage effect” (cannabanoid spectrum chemical structures are not altered), more predictable onset/offset times and seamless beverage consistency (no oil-water separation).

According to Sproutly CEO Keith Dolo, the company sought to find out just how many water soluble marketplace claims were indeed real. The company conducted a freedom to operate patent search, sifting through about 1,000 currently registered and filed U.S. patents. The result: only one patent fits the definition of water solubility from a scientific standpoint. Despite all the marketplace claims, almost all of the underlying patents were registered as water compatible.

This is a long way of saying there’s lots of misrepresentation in the marketplace—whether purposeful or otherwise. Through the acquisition of Infusion Biosciences Canada, Sproutly now becomes the only public company—to our knowledge—with verifiable ownership of proprietary cannabanoid water solubility technology.

Sproutly Canada Inc.’s Dr. Arup Sen discussed what makes the company’s technology so distinct from the rest of the market

With the deal now closed, Sproutly can focus exclusively on product formulations and joint venturing (JV) in its pre-revenue stage. The company is currently involved in multiple mid/late stage JV conversations with other LPs and consumer packaged goods companies. The goal: To foster the right R&D partnerships to be able to deliver product to the market, when it comes available in 2019.

The timing of the press release is well-conceived. The Hypothecary Corporation’s infused beverages agreement with Molson Coors ups the ante in the edibles market, as other entrants ponder jumping in. With Sproutly Canada enjoying a monopoly on fully-integratable cannabanoid water solubility technology, the company profile should elevate by default.

Original article: Sproutly Canada Inc Officially Acquires Infusion Biosciences

©2018 Midas Letter. All Rights Reserved.


Support BeforeitsNews by trying our natural health products! Join our affiliate program
Order by Phone at 888-809-8385 or online at

Get our Free Ebook, "Suppressed Health Secrets"  with  Natural Cures THEY don't want you to know!

APeX - Far superior to colloidal silver!  Destroys Viruses, Bacteria, Pathogens with Oxygen plus Silver!Supreme Fulvic - Nature's most important supplement! Vivid Dreams again!
Ultimate Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!  
Organic Hemp Extract (CBD) - Full Spectrum high CBD (3300mg) hemp extract eases stiff joints, relieves stress and more!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%!  (See Video)

FINAL WARNING!   Diseases are EXPLODING!  Watch this Video about APeX and You'll THROW AWAY Your Colloidal Silver!   APeX destroys Viruses, Bacteria and other Pathogens with the power of Oxygen PLUS Silver!  Nobody else has a product like THIS!   See why the inventor hasn't been sick in 16 years and why you'll never hear about it on the FAKE NEWS!  Get some now and tell your friends about it too so we can reach more people!  

APeX Interview - Superior to Colloidal Silver from Lee Canady on Vimeo.

Learn about APeX Here and Get the 50 Page Report in PDF format.   Call us at 888-809-8385 to order by phone.

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.