Sprout AI (CSE: SPRT), a vertical farming technology company, today announced that it has filed its unaudited interim third quarter (“Q3”) financial statement (“FS”) and management’s discussion and analysis (“MD&A”) for both Sprout AI Inc. (formerly “1262803 B.C. LTD.”) and Sprout AI S.A. (“Sprout AI”). According to the update, both the FS and MD&A represent an amalgamated report concerning both Sprout AI Inc. and Sprout AI S.A. Sprout AI Inc. reported its interim results ending Aug. 31, 2021, in Canadian dollars, while Sprout AI S.A. reported its interim results ending July 31, 2021, in U.S. dollars. Among the Q3 highlights, the company reported that its objective when managing capital is to maintain adequate levels of funding to support the development of its business and maintain the necessary corporate and administrative functions to facilitate related activities. The company is transitioning from primary reliance on equity financing to reliance on non-refundable client deposits and anticipates its working capital will continue to improve as it obtains additional non-refundable client deposits on future orders and funding.
To view the full press release, visit https://ibn.fm/HVk0c
About Sprout AI Inc.
Sprout AI is a vertical farming technology company in the business of planning, designing, manufacturing and/or assembling sustainable and scalable AI-controlled vertical cultivation equipment for indoor vertical farming. The adaptive technology produces an environment with improved growing parameters and early detection of adverse conditions resulting in consistent and repeatable crops, with shorter cultivation cycles independent of geographic climates. The self-contained multi-level rolling rack technology increases the cubic cultivation area while mitigating the risk of outside and cross-contaminants. For more information about Sprout AI, please visit www.SproutAI.solutions.
About InvestorWire
InvestorWire is the wire service that gives you more. From regional releases to global announcements presented in multiple languages, we offer the wire-grade dissemination products you’ll need to ensure that your next press release grabs the attention of your target audience and doesn’t let go. While our competitors look to nickel and dime you with hidden fees and restrictive word limits, InvestorWire keeps things transparent. We offer UNLIMITED Words on all domestic releases. While other wire services may provide a basic review of your release, InvestorWire helps you put your best foot forward with complimentary Press Release Enhancement.
With our competitors, the work is done the second your release crosses the wire. Not with InvestorWire. We include follow-up coverage of every release by leveraging the ever-expanding audiences of the 50+ brands that make up the InvestorBrandNetwork.
Get more out of your next press release with InvestorWire. It’s unlike anything you’ve seen before.
For more information, please visit https://www.investorwire.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://ibn.fm/Disclaimer
InvestorWire (IW)
8033 Sunset Blvd Suite 1037-IW
Los Angeles, CA 90046
310.299.1717 Office
www.investorwire.com
[email protected]
InvestorWire is part of the InvestorBrandNetwork.