Sproutly Canada Inc. (SPR:CSE; SRUTF:OTCQB) announced in a news release that it plans to expand its CALIBER brand for the cannabis connoisseur to include premium cannabis oil products utilizing its BioNatural Oil.
The first product in the line to be offered will be oil capsules, each of which will deliver 5 milligrams of THC cannabis. They will be sold in quantities of 30 in child-resistant jars.
"Unlike traditional extraction methods that use unnatural chemical solvents, BioNatural Oil is a naturally derived, strain-specific oil that delivers a whole plant experience in oil and edible formats," the release explained. It is produced through Sproutly's proprietary aqueous phytorecovery process.
"CALIBER has been carefully curated with the cannabis connoisseur in mind. The unique benefits of BioNatural Oil, combined with high quality flower grow and genetics, is a perfect extension for the CALIBER brand," said Melise Panetta, vice president of marketing and sales. "The cannabis connoisseur is looking to enjoy the full scope of the strain’s effects, which is a higher quality experience vs limited scope effects delivered by traditional extracted oils and distillate products."
Sproutly also intends to launch a CALIBER brand campaign after it receives its sale license. The purpose is to educate and inform consumers and retailers about the products and brand.
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.