VANCOUVER, British Columbia, October 28, 2021 (GLOBE NEWSWIRE) – via InvestorWire – Sprout AI Inc. (“Sprout AI” or the “Company”) (CSE: SPRT) is a technology-driven, sustainable vertical farming company that has developed AI-controlled, scalable aeroponics growing habitats. Sprout AI technology provides solutions to the ever-increasing complexities surrounding the current and future needs of a sustainable global food production and supply chain.
Following the Company’s press release of October 21, 2021 regarding the downward pressure on the Company’s share price, the Company has since learned that its ticker symbol “SPRT” (“CSE: SPRT”) is also in use. by a company unrelated to NASDAQ (NASDAQ: SPRT). The Company wishes to confirm that it has no relationship or business relationship with Support.com, the owner of NASDAQ: SPRT.
The Company is aware that prior to October 20, 2021, NASDAQ: SPRT took a substantial short position which caused the stock to stop trading. The company wants to confirm that there is no association between CSE: SPRT and NASDAQ: SPRT.
The Company has applied to the Canadian Securities Exchange (CSE) for approval to change the ticker symbol CSE: SPRT in order to avoid an incorrect association with NASDAQ: SPRT in the future. At the time of registration, the Company was not aware of any conflicts in the use of SPRT and had submitted three candidate trade symbols to the CSE for prior approval.
According to Chris Bolton, CEO of the company, “We confirm that the Investment Industry Regulatory Organization of Canada (IIROC) is reviewing the information provided regarding possible explanations for this unexpected sale, including, but not limited to, the possible NASDAQ: SPRT identity error. We have confirmed with IIROC that our principal shareholder TheraCann International has not loaned any of the Company’s shares to a third party. The Company also acknowledged that the previously filed Form 45 is no longer required. On behalf of our shareholders, we would like to thank IRROC for allowing us to remain focused on our business, as they continue to monitor this situation closely.
About Sprout AI
Sprout AI is a vertical farming technology company specializing in the planning, design, manufacture and / or assembly of durable and scalable AI-controlled vertical grow equipment for indoor vertical farming. 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 https://www.spoutai.solutions.
Chief Executive Officer
Sprout AI Inc.
Telephone: +011 (507) 6384-8734
Email: [email protected]
Investor Relations Contact
Sprout AI Inc.
Phone: + 1 (289) 231-9026
Email: [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 COMMUNICATION, NOR THE CSE REGULATORY SERVICE PROVIDER.
This press 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 press release is not based on historical facts but rather on the expectations of the management of the Company regarding the future growth of the Company, its results of operations, its performance, its business prospects and its prospects. opportunities. This press release uses words such as “will”, “expects”, “anticipates”, “intends to”, “plans”, “believes”, “estimates” or similar expressions to identify information. prospective. This forward-looking information reflects the current beliefs of the management of the Company on the basis of the information currently available to it.
This forward-looking information includes, among other things, statements concerning: the order, intentions, plans and future actions of the Company; statements relating to the business and future activities of the Company; and anticipated developments in the operations of the Company. In addition, any statement that refers to expectations, intentions, projections or other characterizations of future events or circumstances contains forward-looking information. Forward-looking statements are based on certain assumptions and analyzes made by the Company in light of experience and perception of historical trends, current conditions and expected future developments and other factors it deems appropriate and are subject to to risks and uncertainties.
Although the Company believes that the assumptions underlying these statements are reasonable, they may prove to be inaccurate and there can be no assurance that actual results will be consistent with these forward-looking statements. In light of these risks, uncertainties and assumptions, potential investors should not place undue reliance on these forward-looking statements. The compliance of actual results, performance or achievements with the Company’s expectations and forecasts is subject to a number of risks, uncertainties, assumptions and other known and unknown factors, including: global health issues or national, including the outbreak of a pandemic or diseases, such as COVID-19 and including the evolution of new variants of COVID-19, the duration and effect thereof and developmental delays , the supply and distribution of vaccines; the risks associated with the effective management of the growth of the Company; liabilities and risks, including environmental liabilities and risks associated with the operations of the Company; 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 detailed prospectus dated May 31, 2021.
If any of these risks or uncertainties materialize, or if the assumptions underlying the forward-looking statements prove to be incorrect, actual results could differ materially from those anticipated in the forward-looking statements. The information contained in the forward-looking statements in this press release is provided as of the date of this press release, and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information or events. or future results, except to the extent required by applicable Canadian securities laws. Therefore, potential investors should not place undue reliance on forward-looking statements or the information contained therein.
All forward-looking information contained in this press release is expressly qualified by the foregoing caveats.
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