Sprout AI (CSE: SPRT) announced today that it has filed its unaudited interim financial statement (âT2â) (âT2â) and MD&A (âMD&Aâ) for Sprout AI Inc. (formerly 1262803 BC LTD.) And Sprout AI SA According to the update, the FE and MD&A represent a merged report regarding both Sprout AI Inc. and Sprout AI SA Sprout AI SA has released its interim results as of April 30 2021 in US dollars. Among the highlights, the company reported on the proposed acquisition of Sprout AI SA, which is involved in the planning, design, implementation and support of vertical automated aeroponic growing habitats. On November 4, 2020, the company entered into a letter of intent with Sprout AI in which the company will acquire a 100% interest in all of the issued and outstanding securities of Sprout AI. On December 7, 2020, the Company entered into a securities exchange agreement (the âFinal Agreementâ), under which it will acquire all of the outstanding securities of Sprout in consideration for 50,000,000 common shares of the company (issued on June 1, 2021) and 10,000,000 performance share subscription warrants (awarded on June 1, 2021).
To view the full press release, visit https://ibn.fm/Zq3gQ
About Sprout AI Inc.
Sprout AI is a vertical agriculture technology company engaged in the planning, design, manufacture and / or assembly of sustainable and scalable AI-controlled vertical cultivation equipment for agriculture. vertical indoors. Adaptive technology produces an environment with improved growth parameters and early detection of adverse conditions resulting in consistent and reproducible cultures, with shorter culture cycles independent of geographic climates. Self-contained, multi-level rolling rack technology increases cubic growing area while reducing the risk of exterior and cross-contamination. For more information on Sprout AI, please visit www.SproutAI.solutions.
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