Do you see what I see? After that recent high just over $.03 we saw towards the end of last month, SPONF ended up pulling back to the $.01 level.
After that, we've been witnessing a bounce back up the charts, but where could SPONF be heading? Are we seeing a channel forming or is it something different?
If SPONF is able to continue its recent momentum and push through any potential resistance from that $.0318 high set on January 26th, it could be off to the races as it trades towards the top right of its chart.
Could major news be the thing that triggers the next vertical push for SPONF? Here's some recent news that could act as potential catalyst...
Your No. 2 SPONF Potential Driver Indicator
SponsorsOne Reveals Its Initial Portfolio of Products for Distilled Spirits
Craft Distilled Spirits Market Is Poised To Grow $25.34Bn Over The Next 4 Years With Whisky, Vodka And Gin Leading The Category
WATERLOO, ON / ACCESSWIRE / January 12, 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 its plan to launch a portfolio of premium distilled spirits which offered through retail distribution channels and direct to consumer.
Myles Bartholomew, CEO of SponsorsOne, said: "Since the acquisition of Premier Beverage Consortium, we have developed a portfolio of premium distilled spirits including Bourbon, Vodka, Gin and Whiskey. Working with craft distillers in Texas, we have formulated a lineup of high-quality products that will address the demand of the markets both today and those of the future."
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Our internal team is currently developing the branding for these products and expects to complete this branding in Q1 2021, with shipments planned for Q2 2021.
Read the full article here.
Your No. 3 SPONF Potential Driver Indicator
SponsorsOne to Add Direct To Consumer ("DTC") Sales Channel for Distilled Spirits
Initial Product Line Will Be Its Exclusive Line Of Doc Wylder's Spirits; eCommerce Store Planned To Open Mid-January 2021 And Will Ship DTC In 31 States
WATERLOO, ON / ACCESSWIRE / January 4, 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 plans to open its direct to consumer ("DTC") store mid-January with its flagship product Doc Wylder's.
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Myles Bartholomew, CEO of SponsorsOne, said: "We have created relationships which make us compliant in 31 States. With our internal team of brand builders and content creators, we expect to premiere every Brand direct to the consumer while leveraging influencers as the key marketing channel."
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.
This acquisition, which closed November 2, 2020, and made in stock and cash, instantly positions the Company to quickly become a significant player in two rapidly expanding global markets.
The Craft Spirits market is currently valued at $46.7Bn and projected to grow at 25.33% annually forecasted through to 2025, says IndustryARC and Grand View Research, another industry insider projected that the Ready To Drink ("RTD") premixes market size will have revenues of $25.96Bn, also by 2025.
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Myles Bartholomew, CEO of SponsorsOne, said: "This move aligns with Sponsor One's vision to be a bold and innovative, high-end portfolio of distinctive brands and products that deliver exceptional consumer experiences. As part of the agreement, SponsorsOne will work with the Premier Beverage Consortium team to further scale their Brand's growth while leveraging our rich consumer insights and analytics. It will also allow us to apply our brand-building expertise and utilize our high-performing digital technology techniques. Also, our direct to consumer, influencer marketing combined with wholesale distribution will allow us to build and launch brands to meet this demand."
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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Myles Bartholomew, CEO of SponsorsOne, said: "We have begun taking steps to meet all the qualifications to up list to the OTCQB Venture Markets, including revamping our company website to make it compliant and more investor friendly. We will also add more information about not just the company, but detailed marketing information on our products and services. This move to a better trading platform should help the company realize increased market value for its existing and future shareholders."
"I would also like to comment on the recent high levels of market activities over the past two weeks. While we cannot be 100% sure, we believe that those high levels of trading were shorts covering their positions, which if accurate, is a good sign for the company in the near future."
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.
“Our plan is to bring a healthier product alternative to addictive tobacco and vaping” states Myles Bartholomew, CEO of SponsorsOne. “We believe the health benefits provided from smokable organic hemp flower as the delivery system for C*B*D ("CB") and C*B*G ("C*B") will be a game changer.”
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SponsorsOne is in discussion with a number of producers and co-packers to produce an organic hemp pre-rolled cigarettes with the goal of delivering up to 15mg of CB or C*B per cigarette. It is known that the bioavailability through the lungs is very fast versus ingesting or topical absorption, making the delivery of CB and C*B highly effective. The known health benefits of CB and C*B are in their infancy stages and are being documented daily as new discoveries occur. Using the internal Brand building capability at SponsorsOne, we will create a new brand and strategy, produce the creative marketing content, and launch directly to consumer and wholesale distribution. SponsorsOne expects to have this new Brand launched in 2021.
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. Initial Portfolio of Products for Distilled Spirits
3. Opening Of Direct To Consumer ("DTC") Store News
4. Acquisition Of Premier Beverage Consortium LLC
5. News Of Uplisting To OTCQB
6. Organic Hemp Cigarette Brand News
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Coverage is officially reinitiated on SPONF. Also, while you have a moment now, do this:
