Good day everyone,
We are updating our coverage of SponsorsOne Inc. (OTC: SPONF), (CSE: SPO) a company that works with brands within the social realm and a distributor of alcoholic beverages.
Current price $.0205/share
The last time we reported on SPONF was a month ago when the company shares started out at $.0163. Within two weeks we all watched the company shares gradually climb to $.0369, a phenomenal 225% gain in value over a short period of time. On August 12th the high of the day was $.040. We believe that the current share price and recent developments could cause a near-term swing in the company value.
When we review the company stock chart, we see a quick drop from that August 12th high of $.0369, indicating to us there may have been some profit taking. In fact, the shares have gotten close to their 50 DMA of $.019 and have fallen below their 200 DMA of $.0227. We also note the SPONF shares have come out of their last two dips dramatically and quickly.
In the past few weeks SPONF has announced new distribution channels which are crucial to the success of new to market beverages. The new distribution agreements are for the company’s Doc Wylder’s alcohol infused lemonades which are currently the hottest product at SPONF.
On August 10th, the company announced that Republic National Distributing Company (‘RNDC’) has entered into a distribution agreement for Doc Wylder’s. RNDC, a world-class distributor of fine wines and spirits in North America, has operations in Alabama, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Indiana, Kentucky, Louisiana, Maryland, Michigan, Mississippi, Nebraska, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, South Carolina, South Dakota, Texas, Virginia, and West Virginia.
On August 24th SPONF announced that Doc Wylder’s has been authorized by Ralphs in Southern California. Ralphs Grocery Company operates a supermarket chain in California. The Company operates 465 ‘Ralphs’ stores in the Southern and Northern regions of California and the Midwest. Ralphs also operates 800 food and drug stores in 11 states through its Fred Meyer, Inc. subsidiary.
Ralphs is a subsidiary of Kroger, which has nearly 2,800 stores in 35 states under two dozen banners and annual sales of more than $132.5 billion; Kroger today ranks as one of the world’s largest retailers.
Myles Bartholomew, CEO of SponsorsOne, said: ‘This is another major milestone in the development of our national distribution strategy, especially in support to reach all major national retailers. The ready-to-drink market (‘RTD’) is one of the fastest-growing markets in the Spirits sector, and we continue to see tremendous interest in Doc Wylder’s. The analyst expects RTDs to gain 22% volume share of total beverage alcohol in the US by 2025, up from 9.6%2 share currently, and we intend to be part of this gain’.
If you are curious about Doc Wylder’s alcohol infused lemonades or want to try some, go to DocWylders.com, we did! (delicious and refreshing).
While Doc Wylder’s is the hot ticket at SPONF right now, we want to keep in mind that the company is developing and/or marketing these other products:
Pre-rolled hemp cigarettes
Proprietary blends of alcohol
CBD oil and CBD products
SPONF posted revenues in Q2 ended June 30. Revenue from operations was CAD$153.7K for the three months and six months ended June 30th. The company ended Q2 with CAD$941K in cash.
SPONF shares seem poised for a near-term gain with a good chart set-up.
The Traders News Group
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