(SPONF) Trends Green Early Today On The Heels Of Yesterday's Major News Announcement (Read Now)
(US: SPONF) (CSE: SPO)
SPONF has come out strong this AM and is trending green.
This could be due to yesterday's major news announcement.
Check it out:
SponsorsOne Increases Production Capacity to Meet Demand for Doc Wylder's
Large Scale Co-Packer set to Scale Production with Facilities on both Coasts of the USA
WATERLOO, ON / ACCESSWIRE / May 25, 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 growing its proprietary brands focused in the Alcohol, Functional Beverage and He-mp Sectors, announced today the execution of a co-packing/production agreement with Brand Force LLC, in Southern California and a partnership with Power Brands.
Myles Bartholomew, CEO of SponsorsOne, said: "Demand for Doc Wylder's has exceeded our existing production provider's capacity, and we are excited to partner with Brand Force, who will produce Doc Wylder's on both coasts. Producing on both coasts reduces logistics costs and time to market as we scale Doc Wylder's across the USA and internationally."
This new production relationship will facilitate up to 200 cans per minute four times faster than our current provider capacity and represent 50,000 cases per month. We further plan to engage with Brand Force's supply chain, representing significant cost savings. Additionally, bottling options outside the USA could be provided as we expand our distribution internationally.
MarketWatch Mag, recently on April 13, 2021, stated: "Looking to meet demand for convenience and selection, spirits-based premixed cocktails are often neatly stacked near cash registers of beverage alcohol retailers. This strategy is paying off as spirits-based RTD sales revenue grew nearly 40% in 2020 to $489Mn, according to the Distilled Spirits Council (DISCUS). The segment is expected to eclipse $500Mn this year and heading toward the $1Bn club. Retailers could have sold more, but supply couldn't meet high demand. It's driven by consumers' demand for variety and convenience-two converging factors leading to massive opportunity."
Read the full article here.
Could this be the news to spark a potential breakout for SPONF?
With Barchart now reporting its "TrendSpotter" composite indicator as a "BUY," SPONF will need to be watched closely today.
If you haven't read my initial report below, do so now and get SPONF on your radar.
If you've been a reader of this newsletter, you're well aware of your new profile as it has been a repeat champ in 2021.
In fact, this profile has made short term runs totaling over approximately 600% in combined moves.
Delivered to your inbox on the morning of January 11th at 9:30AM EST, this profile opened that session at $.007.
By the time January 26th came around just over 2 weeks later, it had climbed to an outrageous high of $.0318.
That short term surge resulted in an astonishing breakout of approximately 354%.
Brought again to your attention for the morning of February 17th, it opened at $.0295 before climbing to a high of $.11 by February 19th.
Overall, that new run produced a move of approximately 272%.
Now, do to its disruptive advertising model, multi-channel distribution network, a green surge on Monday, and tons of recent major news announcements, I want you to turn your full attention again to this past champ for Wednesday, May 26th:
SponsorsOne Inc. (OTC: SPONF)