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 CBD 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-$80 million, and Neilson projected that by 2025, Nielsen expects the smokable Hemp market to reach $300 million to $400 million." 1
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.
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution of brand creation and digital marketing through influencer marketing, storytelling, and digital-commerce with the SponsorCoin platform and its highly scalable - smart contract-based digital-currency. Combined, this allows the brands to build and manage exclusive and highly engaged communities of influencers (from pro to micro-influencers) within the social realm. The SponsorCoin platform provides for data-driven marketing campaigns that will change the way brands connect with their customers. SponsorCoin is a tool for brands to inspire real movements around their products and services. Their most valuable customers become their best salespeople, producing far higher ROI than current social media advertising methods. SponsorsOne, through its wholly-owned subsidiary, SponsorsOne Media Inc., provides full creative and Brand building/management services to all our Brands and manages the influencer communities for each Brand. For making the Brand big, our wholly-owned subsidiary S1 Brands Inc., builds wholesale/retail distribution channels for the Brand, acting as a master distributor. S1 Brands provides sales and marketing on behalf of the Brand to its vast network of national wholesalers and retailers and provides purchase order financing to assist the Brand fulfilling every order. Premier Beverage Consortium LLC, is a wholly owned subsidiary and is brand building for the global spirits market with its flagship "Ready to Drink" product called Doc Wylders.. Ownership of the Brand combined with distribution, digital marketing innovation, and capital is the winning formula to build the next billion-dollar Brand. To learn more, please visit www.sponsorsone.com.
Contact: info@sponsorsone.com
ON BEHALF OF THE BOARD
Gary Bartholomew, Executive Chairman
The Canadian Securities Exchange ("CSE") has neither approved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news release contains forward-looking statements and information that are based on the beliefs of management and reflect the Company's current expectations. When used in this news release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology, are intended to identify forward-looking statements and information. Such statements and information reflect the current view of the Company with respect to risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
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- the need for additional financing requirements and access to capital, reliance on key personnel
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- the volatility of the volume and price of the Common Shares, the failure of the business strategy, the integrity of the Company's patents and proprietary intellectual property and competition.
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THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
SOURCE: SponsorsOne Inc.
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