Do you see what I see? After that recent high just over $.11 we saw towards the end of last month, SPONF ended up pulling back to the $.04+ range.
Could there be strong potential support at that level? Every time it has fallen below that level, it has seemingly bounced right back over and maintained above $.04.
If potential support continues to grow, it could fuel a possible bounce back up the charts and as we saw recently, SPONF has traded as high as $.11.
Now, I'm not saying this profile is going soaring to that level on Wednesday, but you need to be aware of the potential upside.
Your No. 2 SPONF Potential Driver Indicator
SponsorsOne Secures Initial Retail Orders for Doc Wylder’s: Eastern USA Distribution Network Begins to Grow
Retailers And Distributors Quickly Signed For New York, New Jersey, Pennsylvania, Connecticut, And Delaware
WATERLOO, ON / ACCESSWIRE / March 1, 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 received purchase orders for Doc Wylder's to be on retailer shelves mid-April, 2021.
Myles Bartholomew, CEO of SponsorsOne, said: "The initial response from retailers and distributors for Doc Wylder's has been very strong. The product is uniquely positioned in the 'Ready to Drink' market, and the branding is equally attractive to male and female buyers. These orders represent the start of the summer selling season and will be on the shelves of liquor and grocery stores in April."
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Read the full article here.
Your No. 3 SPONF Potential Driver Indicator
SponsorsOne - Launches in Market Bloomberg Says, “Is Set To Skyrocket”; “Direct To Consumer” Spirits Market Projected To Be $24Bn By 2026
SponsorsOne Signs Warehousing, Retailing and Regulatory Technology Solution Agreements For Internet Sales Direct To Consumers Reaching 32 States In The USA
WATERLOO, ON / ACCESSWIRE / February 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 that it has executed warehousing and online retailing agreement ("Direct to Consumer" or "DTC") with Speakeasy Co. to sell Premier Beverage Consortium's, Doc Wylder's Lemonade as our first DTC product.
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Read the full article here.
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Your No. 4 SPONF Potential Driver Indicator
SponsorsOne To Gain Instant Foothold in The Emerging Craft Spirits And "Ready to Drink" Markets with The Acquisition Of USA Based Premier Beverage Consortium LLC
Craft Spirits Market Is Presently Valued At $46Bn And Ready to Drink Market Is Projected to be $25Bn By 2025; Infused Lemonades, Craft Vodka, and Whiskey are part of the acquired portfolio.
WATERLOO, ON / ACCESSWIRE / November 2, 2020 / 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 building, launching and selling proprietary brands focused in the craft Alcohol, Functional Beverage and Hemp Sectors, announced today that it had acquired Premier Beverage Consortium LLC ("PBC") of Redondo Beach California, giving the Company a significant foothold in rapidly emerging markets that are projected to have revenues of tens of Bn dollars through 2025.
Read the full article here.
Your No. 5 SPONF Potential Driver Indicator
Back in September, the company released this big news:
SponsorsOne Management Announces It Will Be Applying To Uplist To OTCQB
Company Is Beginning Process To Qualify For OTCQB Venture Market, Including Updated Compliant Website
WATERLOO, ON / ACCESSWIRE / September 28, 2020 / 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 building, launching and selling proprietary brands [...], today announced that it had begun the process to up list to OTCQB Venture Markets.
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Uplisting News Could Be A Major Breakout Driver Indicator!
This potential move from the OTC Pink market to the OTCQB could be significant as a possible turning point for the company in the near future.
As an uplist should point out a company moving in the right direction, it could start drawing interest from parties that may not have known its name and operations before this decision.
That leads us to major launch by the company...
Your No. 6 SPONF Potential Driver Indicator
SponsorsOne to launch Organic Hemp Cigarette Brand
Hemp Cigarettes - the healthier alternative to Tobacco and Vaping
WATERLOO, ON / ACCESSWIRE / September 14, 2020 / SponsorsOne Inc., (CSE:SPO)(OTC PINK:SPONF)(FRA:5SO), 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 building, launching and selling proprietary brands focused in the craft Alcohol, Functional Beverage and Hemp Sectors, announces today it is preparing to launch a direct to consumer line up of organic Hemp pre-rolled cigarettes.
[...]
Read the full article here.
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When I read this article, alarm bells started going off. Here's why...
Smokable Hemp Market Set To Erupt - Key Details
Hemp operators say smokable hemp is one of the fastest-growing and most lucrative segments in the nascent hemp and CB industry – and market analysts agree, with expectations that the market will experience five-fold growth in the next five years.
For 2020, market researchers at Nielsen project sales in the current smokable-hemp market to reach $70mn to $80Mn. That includes categories such as loose CB flower, hemp-CB pre-rolls, cigars and other inhalables.
Breaking that into categories, the markets for smokable-hemp CB flower and smokable-hemp-CB pre-rolls, which include hemp cigarettes and cigars, are valued at approximately $35Mn to $40Mn each.
Comparatively, total sales of all hemp-derived CB consumer products in the U.S. were around $1.2Bn for 2019.
Nielsen projects that total sales of hemp-derived CB consumer products in the U.S. for 2020 will be $1.7Bn to $2Bn. The average of that range, $1.85Bn, would represent a 54% growth from 2019 to 2020.
By 2025, Nielsen expects the smokable-hemp market to reach $300Mn to $400Mn, representing roughly 5% of the potential $6Bn to $7Bn hemp-derived CB consumer products category.
In other words, SPONF may be making its move while this industry is still in its infancy and exhibiting a really high ceiling.
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SPONF Top Potential Driver Indicators Recap
1. Bullish Technicals And A Chart That's Heating Up
2. Securing Of Initial Orders
3. Launch In DTC Spirits Market
4. Acquisition Of Premier Beverage Consortium LLC
5. News Of Uplisting To OTCQB
6. Organic Hemp Cigarette Brand News
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