Sprout AI Congratulates TheraCann Australia, and its Client Ivory Medical (PVT) Ltd., on its Successful Groundbreaking Event

Vancouver, British Columbia--(Newsfile Corp. - November 17, 2021) - Sprout AI Inc. (CSE: BYFM) ("Sprout AI" or the "Company") is a technologically focused, sustainable vertical farming company that has developed scalable, AI-controlled aeroponic cultivation habitats. Sprout AI's technology provides solutions to the ever-increasing complexities surrounding the current and future needs of a sustainable global food production and supply chain.

Sprout AI Australia Pty Ltd, a fully owned subsidiary of the Company, wishes to congratulate its distributor TheraCann Australia Benchmark Pty. Ltd. ("TheraCann Australia") and its client Ivory Medical (PVT) Ltd., (Ivory Medical) in their successful groundbreaking event and the commencement of its site preparation ahead of receiving its 54,000 sq. ft. purpose-built facility that was designed to produce up to 163 Kilograms of dried cannabis flower per year to be used to make EU GMP compliant white label medical cannabis oil based products.

TheraCann Australia has been contracted by Ivory Medical, under a 5-year managed services agreement, to provide technical and operational support for this facility. This contract will entail the receipt, installation, maintenance, and support of the necessary equipment to produce, process and prepare for the distribution of white-label EU GMP compliant medical-grade cannabis products. These products will be used for international research and development, and medical patient applications. For more information on TheraCann Australia and its Ivory Medical press release please visit https://theracann.solutions/blog-grid-view/.

The building comprised of both a warehouse and processing area has been fabricated and is in transport to the project site. The building materials were fabricated by Allied Steel. The building and materials used therein were purposely planned and designed to be EU GMP compliant.

The cultivation technology selected is Sprout AI's version 2 automated vertical indoor rolling rack enclosed plant habitat and root chamber technology that can house up to 32 plants per habitat. The first partial order of 140 Sprout AI habitats is in process of final assembly, and preparation for shipment. Up to 1440 Sprout AI units will be utilized to produce Ivory Medical's high-quality biomass for processing into medical-grade products. Each Sprout AI habitat encompasses an individual control and time cycle which provides Ivory Medical with the maximum flexibility in its selection of crops to be grown. Sprout AI habitats also utilize a staggered harvested schedule of one habitat per hour, and in so doing provide a perpetual harvest of the highest quality, repeatable batch of cannabinoids and terpenes.

The additional technologies selected for this project, including Sprout AI's version 2 habitats, are REP3S compliant, validating they are repeatable, economic, practical, scalable, safe and secure, and are capable of configuring to meet the ever-changing needs of government(s), researcher(s) or medical patient end-user(s).

TheraCann Australia has also selected the extraction, processing, and regulatory compliance technology for this project as well as part of its "BenchmarkSOLUTION" turn-key solution. To learn more visit https://www.theracann.solutions/.

According to Kyle Horak, Chief Operating Officer for Sprout AI, "TheraCann Australia's selection of Sprout AI for use by Ivory Medical's fully configurable facility will give Ivory Medical a distinct competitive advantage over what other facilities could only dream of doing. Being able to easily configure what, how much, and by when to cultivate each client order, Ivory Medical is able to provide the highest caliber white label opportunities. Being able to replicate the batch to ensure the same cannabinoid and terpene profiles also provides Ivory Medical with a distinct competitive advantage. We look forward to our delivery of Sprout AI habitats as part of our rolling order with Ivory Medical, commencing with our first order for 140 habitats as part of up to 1440 habitats for which this building has been designed to hold."

About Sprout AI

Sprout AI is a vertical farming technology company in the business of planning, designing, manufacturing and/or assembling sustainable and scalable AI-controlled vertical cultivation equipment for indoor vertical 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 https://www.sproutai.solutions/.

Chief Executive Officer
Chris Bolton
Sprout AI Inc.
Phone: +011 (507) 6384-8734
E-mail: mainweb@sproutai.solutions

Investor Relations
Contact: Colleen McKay
Sprout AI Inc.
Tel: + 1 (289) 231-9026
E-mail: cmckay@sproutai.solutions

Website: https://www.sproutai.solutions
Address: International Business Park, Unit 5B, Building 3860
Panama Pacifico, Republic of Panama


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