- Sprout AI (BYFM) has appointed Segal LLP as its auditor
- Sprout AI has secured a US$540,000 commercial loan
- The Center of Excellence (COE) has re-opened to the public to host clients and potential investors for tours of the facilities and Sprout AI’s assembly line
- Carlos Zapata has been promoted to the role of Chief Operating Officer (COO)
- Sprout AI is a vertical farming technology company
- Shares of Sprout AI Inc. (BYFM) opened trading at C$0.11
Sprout AI (BYFM) has appointed Segal LLP, an independent firm associated with Moore Global, as its auditor.
Moore Global is one of the world’s leading accounting and advisory networks.
Sprout AI has secured a US$540,000 commercial loan. This loan will bear an annual interest rate of 6 per cent for a term of 3 years. The loan will be used to assist with the advanced purchase of inventory to continue addressing supply chain shortages as well as operational expenses.
Sprout AI also wishes to inform its investors that commencing March 15th, 2022, the Center of Excellence (COE) has re-opened to the public to host clients and potential investors for tours of the facilities and Sprout AI’s assembly line. Present during the initial tours were both representatives of Ivory Medical and Twin Berry Farms, as well as potential clients from Peru, the United States, and Panama. These were the first tours provided since the Covid-19 Pandemic began in Q1 2020.
Chris Bolton noted, “The evolution in Sprouts’ ability to showcase its full assembly capabilities of its controllers paired with its demonstration of Sprout AI version 2 in the rack, marks the completion of our transition as a fully owned subsidiary of TheraCann International, to a publicly-traded company.”
Sprout also wishes to announce the promotion of Carlos Zapata to the role of Chief Operating Officer (COO). Carlos, who has been with Sprout AI since October 2020 as the Assembly and Manufacturing Manager, has an extensive background in complex engineering operations and boasts over 20 years of manufacturing experience.
CEO, Chairman and Founder Chris Bolton sat down with Shoran Devi to highlight the news.
Sprout AI is a vertical farming technology company that designs and manufactures sustainable and scalable AI-controlled cultivation equipment for indoor farming.
Shares of Sprout AI Inc. (BYFM) opened trading at C$0.11.