CALGARY, Alberta, July 06, 2021 (GLOBE NEWSWIRE) — via InvestorWire — Sprout AI Inc. (CSE: SPRT) (“Sprout AI” or the “Company“) is pleased to announce that as of the date hereof, the Company has satisfied all requirements for its common shares to be listed on the facilities of the Canadian Securities Exchange (the “CSE“). As of market open on July 5, 2021, Sprout AI’s common shares have begun trading on the CSE under the trading symbol SPRT.
“On behalf of the Sprout AI team, I’m happy to announce that we see a future where everyone has access to the highest quality plant-based consumable products. That’s why we continue to develop leading technologies, systems and concepts that make plant-based consumables safer and more effective, while reducing our sector’s impact on the planet and, above all, offer complete transparency in product production and traceability,” said Chris Bolton, CEO Sprout AI.
Everleaf Capital Corp. acted as strategic advisor to Sprout AI in its go public transaction.
More information about the business of the Company can be found in the final long form prospectus of Sprout AI dated May 31, 2021, and the listing statement dated June 30, 2021, both available on the Company’s SEDAR profile at www.sedar.com.
About Sprout AI
Sprout AI is a technology company in the business of planning, designing, manufacturing and/or assembling scalable AI-controlled vertical cultivation equipment for international urban 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 multilevel 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 http://sproutai.solutions.
Chief Executive Officer
Sprout AI Inc.
Phone: +011 (507) 6384-8734
E-mail: [email protected]
Investor Relations Contact
Tel: (289) 231-9026
E-mail: [email protected]
Address: International Business Park, Unit 5B, Building 3860
Panama Pacifico, Republic of Panama
THE CANADIAN SECURITIES EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT RESPONSIBILITY FOR THE ACCURACY OR ADEQUACY OF THIS RELEASE, NOR HAS OR DOES THE CSE’S REGULATION SERVICES PROVIDER.
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation with respect to the Company. The forward-looking information included in this news release is not based on historical facts but rather on the expectations of the Company’s management regarding the future growth of the Company, its results of operations, performance, business prospects and opportunities. This news release uses words such as “will,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates” or similar expressions to identify forward-looking information. Such forward-looking information reflects the current beliefs of the Company’s management, based on information currently available to them.
This forward-looking information includes, among other things, statements relating to: the intentions, plans and future actions of the Company; the business and future activities of the Company; and anticipated developments in operations of the Company. In addition, any statements that refer to expectations, intentions, projections or other characterizations of future events or circumstances contain forward-looking information. Forward-looking statements are based on certain assumptions and analyses made by the Company in light of the experience and perception of historical trends, current conditions, and expected future developments and other factors it believes are appropriate and are subject to risks and uncertainties.
Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and there can be no assurance that actual results will be consistent with these forward-looking statements. Given these risks, uncertainties and assumptions, prospective investors should not place undue reliance on these forward-looking statements. Whether actual results, performance or achievements will conform to the expectations and predictions of the Company is subject to a number of known and unknown risks, uncertainties, assumptions and other factors, including: global or national health concerns, including the outbreak of pandemic or contagious diseases, such as COVID-19, and including the evolution of new variants of COVID-19, the duration and effect thereof and delays relating to vaccine development, procurement and distribution; risks relating to the effective management of the Company’s growth; liabilities and risks, including environmental liabilities and risks associated with the Company’s operations; the Company’s ability to attract and retain customers; the competitive nature of the industries in which the Company operates; and the other risk factors described in the Company’s final long form prospectus dated May 31, 2021.
If any of these risks or uncertainties materialize, or if assumptions underlying the forward-looking statements prove incorrect, actual results might vary materially from those anticipated in the forward-looking statements. Information contained in forward-looking statements in this news release is provided as of the date of this news release, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information or future events or results, except to the extent required by applicable Canadian securities laws. Accordingly, potential investors should not place undue reliance on forward-looking statements or the information contained in those statements.
All of the forward-looking information contained in this news release is expressly qualified by the foregoing cautionary statements.
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Los Angeles, California