Filings & Financials
Beyond Farming is an amalgamation of TheraCann International Benchmark Corp (TIBC), and its Subsidiary Sprout AI Inc. (SAI).
SAI is listed on the Canadian Securities Exchange (CSE) and trades under Ticker BYFM. Amalgamation with TheraCann International:
Special Meeting Outcome: On August 30, 2024, 95% the Company’s minority shareholders voted in favor of amalgamation with TIBC.
Agreement Terms: Amalgamation structured as a reverse takeover, Sprout AI will complete a 3.333 to 1 share consolidation, followed by conversion at a 5.296 Sprout AI shares to 1 TIBC share ratio. TIBC shareholders will hold 70% of post-amalgamation equity. ·
Regulatory Approvals: Pending approval from regulatory authorities .
Special Meeting Outcome: On August 30, 2024, 95% the Company’s minority shareholders voted in favor of amalgamation with TIBC.
Agreement Terms: Amalgamation structured as a reverse takeover, Sprout AI will complete a 3.333 to 1 share consolidation, followed by conversion at a 5.296 Sprout AI shares to 1 TIBC share ratio. TIBC shareholders will hold 70% of post-amalgamation equity. ·
Regulatory Approvals: Pending approval from regulatory authorities .
Below is regulatory filings for SAI found on Sedar+
Interim financial statements/report – English.pdf
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