Deal Snapshot
SPROUTLY CLOSES ACQUISITION OF INFUSION BIOSCIENCES CANADA IN REVERSE TAKEOVER
Thursday 12 July 2018

Canada-based cannabis company Sproutly Inc. has closed the acquisition of the APP technology of Canadian biotech company Infusion Biosciences Canada Inc. and APP Technology commercialisation company SSM Partners Inc., the company said.
In May, Sproutly entered into a binding definitive agreement with Stone Ridge Exploration Corp. whereby Stone Ridge was to acquire a 100% interest in Sproutly, which will constitute a reverse takeover of Stone Ridge by the shareholders of Sproutly.


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Details
Date Published: 12/07/2018
Target: APP technology
Country: Canada
Deal Size: 3.86m (USD)
Sector: Biotechnology
Type: Corporate acquisition
Financing: Cash and Stock
Status: Closed
Vendor: Biosciences Canada, SSM Partners
Buyer: Sproutly Inc
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