As you can see, there has been a recent downtrend. Could this be setting up a healthy reversal in the near term?
Here's the definition of a "reversal" from Investopedia:
"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."
Now, I'm not saying this profile is going soaring today to that $.09 level you see in the chart above, but you need to be aware of SPONF's potential upside.
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Your No. 2 SPONF Potential Catalyst
SponsorsOne Announces Its Entry Into the Pre-Rolled Smokable Hemp Market
Company forms wholly-owned subsidiary, HS Brands, Inc., and signs major supply agreement
WATERLOO, ON / ACCESSWIRE / April 20, 2021 / SponsorsOne Inc., (CSE:SPO)(Frankfurt:5SO)(OTC PINK:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly selling proprietary brands focused in the Alcohol, Functional Beverage and Hemp Sectors, announced today we have incorporated a new subsidiary company called HS Brands Inc which will focus on launching pre-rolled smokable Hemp within the USA and Internationally.
Myles Bartholomew, CEO of SponsorsOne, said: "We have secured the highest quality producer of pre-rolled smokable Hemp to deliver the quality, quantity, and consistency needed to scale a major brand in this category. The pre-rolled smokable Hemp market is looking for a leading pre-rolled product of the highest possible quality for the cigarette smoker wanting to transition away from tobacco-based smokes to the healthier Hemp-based CB product."
According to a report from the Hemp Business Daily, which partnered with Neilson Research, noted that in 2020 the smokable hemp market was worth between $70-$80Mn, and Neilson projected that by 2025, Nielsen expects the smokable Hemp market to reach $300Mn to $400Mn.
SponsorsOne on March 30, 2021, secured a five-year purchase and manufacturing supply agreement with a six-generation tobacco cultivation and processing company that has served the domestic and international tobacco industry for over 150 years. Besides having their extensive acreage, our manufacturing partner has secured multiple supply contracts with experienced hemp farmers, cultivating thousands of acres in one of the best agricultural lands in multiple states and overseas. The processing and packaging facilities are on their fourth generation of automation design, showing experience and commitment to large-scale hemp cultivation and production of superior quality pre-rolled smokable Hemp.
SponsorsOne anticipates the first production run of its proprietary Brand to be completed by the end of Q2 2021, shipping products in early Q3 2021, with an expected online marketing presence shortly after that.
Read the full article here.
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Your No. 3 SPONF Potential Catalyst
SponsorsOne Announces Initial Orders From The U.S. Northeast Distribution Channel
Distributor Orders For Doc Wylder's Exceed Expectations After Company's Presale Marketing Presentations To Retailers Result With Higher Demand
WATERLOO, ON / ACCESSWIRE / April 12, 2021 / SponsorsOne Inc., (CSE:SPO) (Frankfurt:5SO), (OTC:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly selling proprietary brands focused in the Alcohol, Functional Beverage and Hemp Sectors, announced today we have received multiple orders from our distribution channel and are in production for shipments of Doc Wylder's in April 2021.
Myles Bartholomew, CEO of SponsorsOne, said: "Our distributors have completed the presale to the retail channel and have indicated high demand from retail as a result of these pre-sale presentations which were led by the management of our beverage division PBC and head of S1 Brands, Kevin Swadish."
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Read the full article here.
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Your No. 4 SPONF Potential Catalyst
SponsorsOne Chosen by One of Largest Wine Distribution Networks in California to Distribute Doc Wylder's
Company Adds California To Its Rapidly Growing Number of State Markets For Its Doc Wylder's
WATERLOO, ON / ACCESSWIRE / April 6, 2021 / SponsorsOne Inc., (CSE:SPO)(Frankfurt:5SO)(OTC PINK:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly selling proprietary brands focused in the Alcohol, Functional Beverage and Hemp Sectors, announced today it has entered into a statewide distribution agreement for Doc Wylders for the state of California with Classic Wines of California.
Myles Bartholomew, CEO of SponsorsOne, said: "This distribution agreement with Classic Wines gives us an immediate large-scale reach in the State of California as we build out our national distribution network. California will be a significant market for Doc Wylder's and all our spirit brands."
Classic Wines of California was formed in 1973 and is an award-winning Wine producer with a large-scale distribution network in California. Their distribution network of tens of thousands of retail outlets brings Doc Wylder's to Grocery, Big Box, Neighborhood and Convenience Stores as well as Restaurants across the State of California.
"We are extremely bullish on the Doc Wylder's product and think you have a winner," stated Damon Franzia, California General Sales Manager for Classic Wines of California.
Doc Wylder's will be hitting their warehouse Mid-April and going to retail shelves starting May 1st, 2021, just in time for the Memorial Day Weekend.
Adding Classic Wines to distribute in California adds to the previously announced states where distribution agreements are in place including, New York, New Jersey, Pennsylvania, Massachusetts, Florida, Georgia, Alabama, Arizona, Nevada, and New Mexico. The Company continues to grow its distribution network in the USA and is in discussions with potential representatives for Canada.
Read the full article here.
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Your No. 5 SPONF Potential Catalyst
SponsorsOne’s Doc Wylder’s Infused Lemonades Now Available Online – Direct to Consumer from Retailer, Great American Craft Spirits
"Direct to Consumer" Spirits Market Projected to Be $24Bn By 2026, says Bloomberg
WATERLOO, ON / ACCESSWIRE / March 16, 2021 /SponsorsOne Inc., (CSE:SPO)(Frankfurt:5SO)(OTC PINK:SPONF), a company that utilizes its proprietary platform that combines digital marketing, wholesale and retail distribution, branding, and operational & funding capital, giving it a competitive first-mover advantage in rapidly selling proprietary brands focused in the Alcohol, Functional Beverage and Hemp Sectors, announced today all four flavors of Doc Wylder's Infused Lemonades could be purchased online "Direct to Consumer" ("DTC") from Great American Craft Spirits [...].
Myles Bartholomew, CEO of SponsorsOne, said: "The response from retailers and distributors for Doc Wylder's has been amazing, so we have decided to quickly focus on making Doc Wylder's product line available in the direct to consumers retail distribution market now, sooner rather than later, to take advantage of this growing momentum. Their feedback on the branding and the quality of the product makes this a universal brand appealing to all genders in the Ready to Drink spirits market, summer is coming, and we are hoping Doc Wylder's will be offered on every patio in North America."
Great American Craft Spirits features brands that are craft in origin and have been offering these Brands direct to consumers for over three years now. With an online customer base of 52,000, Great American Craft Spirits have a long track record of servicing the online - direct to consumer market.
We are proud to announce that Great American Craft Spirits are now featuring Doc Wylder's on their DTC site. Located in California, the consumer only needs to enter their address to determine if Doc Wylder's can be shipped to their homes in their specific state.
The new Doc Wylder's product line consists of Lemonades in four types. Lemonade infused with Vodka, Lemonade infused with Tequila, Lemonade and Berry infused with Vodka and a Lemonade infused with Bourbon, all packed in a 12 oz/4pack. The aluminum bottle has a stunning graphic, is recyclable and resealable.
Up to now, the $24Bn DTC Spirits market suffered from Prohibition-era regulations which stifled liquor e-commerce in the U.S. for decades. The pandemic lockdowns sparked demand almost overnight. The DTC Spirits market share is now estimated at 5% of the $120Bn market in the USA and expected to grow to 20% by 2026 says, Bloomberg, 2021-02-10 "Booze delivery online liquor sales are booming." Bloomberg link
Read the full article here.
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SPONF Top Potential Catalysts Recap
1. Bullish Technicals/Potential Healthy Reversal
2. Entry Into the Pre-Rolled Smokable Hemp Market
3. Initial Orders From The U.S. Northeast Distribution Channel
4. Chosen by One of Largest Wine Distribution Networks in California
5. Doc Wylder’s Infused Lemonades Now Available Online
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If there are any more updates today, I'll get them out to you quickly.
Sincerely,
Kai Parker
StockWireNews
(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)
