SPRT) announces the filing of the third quarter financial report

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Sprout AI (CSE: SPRT), a vertical agricultural technology company, today announced that it has filed its unaudited interim financial statement (“Q3”) and MD&A (“MD&A”) for Sprout AI Inc. . (formerly “1262803 BC LTD.”) and Sprout AI SA (“Sprout AI”). According to the update, the EF and MD&A represent a merged report for both Sprout AI Inc. and Sprout AI SA Sprout AI Inc. has released its interim results ending August 31, 2021, in Canadian dollars, while Sprout AI SA has released its interim results results ending July 31, 2021, in US dollars. Among the highlights of the third quarter, the company indicated that its goal when managing capital is to maintain adequate levels of funding to support the development of its business and maintain the corporate and administrative functions necessary to facilitate operations. related. The company is moving from a primary reliance on equity financing to a reliance on non-refundable customer deposits and expects its working capital to continue to improve as it obtains additional non-refundable customer deposits on future orders and financing.

To view the full press release, visit https://ibn.fm/HVk0c

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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