SRUTF - Sproutly acquires CannaHive

Sproutly Canada (OTCQB:SRUTF +6.3%) acquires the primary assets of CannaHive. The acquisition supercedes the definitive agreement between the companies announced in April of this year. “The equipment produces edibles at large scale directly into blister packs without exposure to airborne contaminations, a common challenge for many traditional manufacturing processes. This acquisition offers superior economics compared to the prior agreement. We now have the in-house capability and control over large scale production of unique gummies incorporating proprietary cannabis ingredients produced by our APP technology, enabling us to offer a premium whole-plant product at a competitive price point,” said Dr. Arup Sen, CEO and Director.

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Sproutly acquires CannaHive