TheraCann and K2 Principal Resolve Legal Dispute, Clearing Path for Growth
Toronto, Wednesday, 9 July 2025.
TheraCann International finalizes a confidential settlement with K2 Principal Fund, enabling collaboration with Sprout AI in cannabis technology and boosting investor confidence.
Settlement Agreement Details
TheraCann International and The K2 Principal Fund LP have reached a final, binding, and confidential settlement regarding all matters connected to Alberta Court of King’s Bench Action No. 2301-05347. The agreement, concluded on July 8, 2025, ensures mutual dismissal of all claims without incurring legal costs for either party. This resolution removes legal encumbrances that could have hindered TheraCann International’s strategic growth plans [1].
Strategic Growth and Market Expansion
The settlement paves the way for TheraCann International’s synergistic endeavors with its subsidiary, Sprout AI, whose technologies are pivotal in automating vertical farming operations. Sprout AI, publicly traded under the ticker BYFM on the Canadian Securities Exchange, focuses on AI-controlled vertical cultivation equipment, underpinning TheraCann’s vision for international expansion in cannabis technology markets [1].
Investor Confidence and Market Positioning
This resolution significantly boosts investor confidence, crucial for TheraCann International in a competitive market characterized by rapid technological innovation. The focus now shifts towards completing the business amalgamation efforts between TheraCann and Sprout AI, resulting in the formation of Beyond Farming (CSE:BYFM), which aims to leverage cutting-edge technologies for urban and indoor farming solutions [1].
Future Prospects and Operational Outlook
TheraCann International and Sprout AI remain committed to operational transparency, excellence, and enhancing stakeholder value. The companies are gearing up to resume trading activities and commencements of planned projects set for near-future execution. Such commitments underline a strategic roadmap built upon innovation and market leadership in the evolving cannabis sector [1].