Calgary, Alberta--(Newsfile Corp. - February 3, 2022) - Sprout AI Inc. (CSE: BYFM) (OTCQB: BYFMF) ("Sprout AI" or the "Company") is pleased to announce that it has received a purchase order for 30 Sprout AI V2 habitats from its non-exclusive distributor TheraCann International ("TheraCann"). This order, which is scheduled to be delivered in Q3 2022, represents two (2) rolling rack structures and is valued at US$450K. TheraCann, who will announce the scope of this project in a subsequent press release of its own, has entered into a 5-year managed services agreement (MSA) with its Client, located in Western Canada, to plan, design, implement and manage a new build facility that is specifically designed to host up to 450 Sprout AI Habitats. This purchase order will represent the first order of the full build-out.
Chris Bolton, CEO of Sprout AI, notes, "Sprout AI's technology was selected by TheraCann for its Client because of its superior product quality in producing nutrient-rich, contaminant-free, straight-to-table produce. Due to the unique nature of Sprout AI being able to manage multiple crops within the same location, TheraCann's Client, as well as any clients who adopt our technology, will be able to produce specialty crops on demand for their consumers. Our stackable and scalable technology is a great solution for any traditional farming operation looking to embrace the benefits of indoor vertical farming. We are thrilled that TheraCann's client is so forward-thinking and recognizes the opportunity to take their current traditional outdoor farming operation from seasonal to year-round using our technology. Moreover, we are excited that TheraCann will be planning, designing, implementing and managing this facility together with their client as a "Discovery Center". This center is positioned close to an urban city center to showcase how indoor vertical farming can help cities secure their food supply chain year-round, receive fresher and longer-lasting customizable produce delivered directly to their grocery store chains while reducing the carbon foot-print of that supply chain."
For non-material updates and to learn more about Sprout AI and the vertical farming industry, please follow Sprout AI on:
About Sprout AI
Sprout AI is a technology company in the business of planning, designing, manufacturing and/or assembling scalable AI-controlled vertical cultivation equipment for international urban farming. The adaptive technology produces an environment with improved growing parameters and early detection of adverse conditions resulting in consistent and repeatable crops, with shorter cultivation cycles, independent of geographic climates. The self-contained multi-level rolling rack technology increases the cubic cultivation area while mitigating the risk of outside and cross-contaminants.
For more information about Sprout AI, please visit http://sproutai.solutions
Chief Executive Officer
Sprout AI Inc.
Phone: +011 (507) 6384-8734
Address: International Business Park, Unit 5B, Building 3860
Panama Pacifico, Republic of Panama
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