(TheNewswire)
Company formswholly-owned subsidiary, HS Brands, Inc., and signs major supplyagreement
Waterloo, Ontario – TheNewswire - April 20, 2021 - SponsorsOne Inc.,(CSE:SPO) (Frankfurt:5SO), (CNSX:SPO.CN), (OTC:SPONF), a company that utilizes its proprietary platformthat combines digital marketing, wholesale and retail distribution,branding, and operational & funding capital, giving it acompetitive first-mover advantage in rapidly selling proprietarybrands focused in the Alcohol, Functional Beverage and Hemp Sectors,announced today we have incorporated a newsubsidiary company called HS Brands Inc which will focus on launchingpre-rolled smokable Hemp within the USA and Internationally.
Myles Bartholomew, CEO of SponsorsOne, said: " We have secured thehighest quality producer of pre-rolled smokable Hemp to deliver thequality, quantity, and consistency needed to scale a major brand inthis category. The pre-rolled smokable Hemp market is looking for aleading pre-rolled product of the highest possible quality for thecigarette smoker wanting to transition away from tobacco-based smokesto 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 smokablehemp market was worth between $70-$80 million, and Neilson projectedthat by 2025, Nielsen expects the smokable Hempmarket to reach $300 million to $400 million. " 1
SponsorsOne on March 30, 2021 secured a five-yearpurchase and manufacturing supply agreement witha six-generation tobacco cultivation and processing company that hasserved the domestic and international tobacco industry for over 150years. Besides having their extensive acreage, our manufacturingpartner has secured multiple supply contracts with experienced hempfarmers, cultivating thousands of acres in one of the bestagricultural lands in multiple states and overseas. The processingand packaging facilities are on their fourth generation of automationdesign, showing experience and commitment to large-scale hempcultivation and production of superior quality pre-rolled smokableHemp.
SponsorsOne anticipates the first production run of itsproprietary Brand to be completed by the end of Q2 2021, shippingproducts in early Q3 2021, with an expected online marketing presenceshortly after that.
About SponsorsOne Inc.
SponsorsOne is the leader in the next evolution ofbrand creation and digital marketing through influencer marketing,storytelling, and digital-commerce with the SponsorCoin platform andits highly scalable – smart contract-based digital-currency. Combined, this allows the brands to build and manage exclusive andhighly engaged communities of influencers (from pro tomicro-influencers) within the social realm. The SponsorCoin platformprovides for data-driven marketing campaigns that will change the waybrands connect with their customers. SponsorCoin is a tool forbrands to inspire real movements around their products and services. Their most valuable customers become their bestsalespeople, producing far higher ROI than current social mediaadvertising methods. SponsorsOne, through its wholly-owned subsidiary,SponsorsOne Media Inc., provides full creative and Brandbuilding/management services to all our Brands and manages theinfluencer communities for each Brand. For making the Brand big, ourwholly-owned subsidiary S1 Brands Inc., builds wholesale/retaildistribution channels for the Brand, acting as a master distributor. S1 Brands provides sales and marketing on behalf of the Brand to itsvast network of national wholesalers and retailers and providespurchase order financing to assist the Brand fulfilling every order. Premier Beverage Consortium LLC, is a wholly owned subsidiary and isbrand building for the global spirits market with its flagship"Ready to Drink" product called Doc Wylders.. Ownership ofthe Brand combined with distribution, digital marketing innovation,and capital is the winning formula to build the next billion-dollarBrand. 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") hasneither approved nor disapproved the contents of this Press Release.
Forward-Looking Statements
This news release contains forward-looking statementsand information that are based on the beliefs of management andreflect the Company's current expectations. When used in this newsrelease, the words "estimate", "project","belief", "anticipate", "intend","expect", "plan", "predict","may" or "should" and the negative of these wordsor such variations thereon or comparable terminology, are intended toidentify forward-looking statements and information. Such statementsand information reflect the current view of the Company with respectto risks and uncertainties that may cause actual results to differmaterially from those contemplated in those forward-looking statementsand information.
By their nature, forward-looking statements involveknown and unknown risks, uncertainties and other factors which maycause actual results, performance or achievements, or other futureevents, to be materially different from any future results,performance or achievements expressed or implied by suchforward-looking statements. Such factors include, among others, thefollowing risks:
-
- risks associated with marketing and sale ofsecurities
- the need for additional financing requirements andaccess to capital, reliance on key personnel
- the potential for conflicts of interest among certainofficers or directors with certain other projects
- the volatility of the volume and price of the CommonShares, the failure of the business strategy, the integrity of theCompany's patents and proprietary intellectual property andcompetition.
The Company cautions that the foregoing list of riskfactors is not exhaustive and is subject to change and there can be noassurance that such assumptions will reflect the actual outcome ofsuch items or factors. When relying on the Company's forward-lookingstatements and information to make decisions, investors and othersshould carefully consider the foregoing factors,and other uncertainties and potential events, including the riskfactors, set out in the Company's Listing Statement. The Company hasassumed a certain progression, which may not be realized. It has alsoassumed that the material factors referred to above will not causesuch forward-looking statements and information to differ materiallyfrom actual results or events.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWSRELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OFTHIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCHDATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKINGINFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHERDATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATETHIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED INACCORDANCE WITH APPLICABLE SECURITIES LEGISLATION.
1 https://hempindustrydaily.com/exclusive-smokable-hemp-market-worth-up-to-80-million-for-2020-with-five-fold-growth-predicted/
https://hempindustrydaily.com/sector-snapshot-opportunities-challenges-in-smokable-hemp/
Copyright (c) 2021 TheNewswire - All rights reserved.