Sproutly Accelerates ‘Business Transformation Plan’ In Q1
Sproutly Canada Inc. (CSE: SPR) (FRA: 38G) (OTCQB: SRUTF), which recently reported financial highlights for the year ended Feb. 29, released Monday its financial and operational update for the first quarter of 2021.
Over the quarter ending May 31, the company launched its Business Transformation Plan, as previously announced by the CEO, Dr. Arup Sen.
The Vancouver-based company also cut its workforce by 75% over the period.
In addition, Infusion Biosciences disclosed an intention to invest up to an additional $855,000 in the company, through the issuance of convertible debentures, which would carry an interest rate of 15%, at $0.07 per unit.
Meantime, the company’s board recently parted …