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Source: Sprout AI.
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  • On October 20, shares of Sprout opened at $0.90 per share and hit a low of $0.40
  • The company has assured its investors that the trading volatility is not a reflection of the company’s financial health or future business opportunities
  • Sprout has been meeting and exceeding key performance indicators (KPIs) set out by its management team
  • On October 9, Sprout completed a private placement for gross revenue of $456,000
  • Sprout’s major shareholder, TheraCann International, continues to support the company’s activities
  • TheraCann has not sold any of its shares since the first day of trading and pledges to support future investments
  • Sprout AI is a vertical farming technology company
  • Sprout AI Inc. (SPRT) is down 3.14 per cent, trading at $0.42 per share at 12:18 p.m. ET

Sprout AI Inc. (SPRT) wishes to address the trading activity that took place on October 20th.

The company has assured its investors that the trading volume and resulting downward pressure are not a reflection of the company’s financial health or future business opportunities.

Sprout said that it is not aware of any material, undisclosed developments and has no material change to report.

Sprout has been meeting and exceeding key performance indicators (KPIs) set out by its management team.

On October 9, Sprout completed a private placement for gross revenue of $456,000.

Sprout’s major shareholder, TheraCann International, continues to support the company’s activities.

TheraCann has not sold any of its shares since the first day of trading and pledges to support future investments, that are designed to protect against investor short selling, as a sign of its long-term support of Sprout.

Chris Bolton, CEO of Sprout, commented,

“Growth opportunities for Sprout AI continue to grow as communities continue to secure their food supply chain utilizing indoor cultivation technologies. We’ve demonstrated our ability to thrive during difficult international economic conditions, and we have every confidence of regaining our proper valuation in comparison to our peers trading within the public market,” he concluded.

Sprout AI is a vertical farming technology company. The company plans, designs, manufactures and assembles sustainable and scalable AI-controlled vertical cultivation equipment.

Sprout AI Inc. (SPRT) is down 3.14 per cent, trading at $0.42 per share at 12:18 p.m. ET.

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