Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) announced in a news release it carried out the initial run using the previously licensed, proprietary, aqueous phytorecovery process (APP) extraction technology at its Toronto Herbal Remedies Inc. facility.
The APP process recovered water-soluble cannabinoids, or Infuz2O, with effects of the cannabis occurring within 5 minutes and dissipating in about 90 minutes. It also recovered oil-based cannabinoids, or Bio Natural Oil, a specific strain of cannabis oil.
The company will use the Infuz2O and Bio Natural Oil just produced for research and development and product formulation purposes with respect to cannabis beverages and edibles. Specifically, the Infuz2O recovered in this APP run will be used in the product formulation and the shelf stability testing of rapid-onset cannabis beverages to be developed and marketed by Sproutly's joint venture with OCC Holdings Ltd., a Moosehead Brewing affiliate.
"The successful completion of our first run of the APP extraction technology in Canada marks a major milestone for our company," CEO and Director Keith Dolo said in the release.
Read what other experts are saying about:
Disclosure:
1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Sproutly Canada. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Sproutly Canada. Please click here for more information.
3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this interview, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Sproutly Canada, a company mentioned in this article.