Stemsation International Inc. (OTC:STSN) Stock Gains Momentum: But Why?
There are certain innovative companies that may be worth looking into this morning, and one of those could well be Stemsation International Inc. (OTC:STSN). The company was in significant focus among investors on Wednesday, and its stock ended up with gains of as much as 18% amidst heavy action. In light of such significant gains, it could well be the right time for investors to consider keeping an eye on the company today and looking into the developments from yesterday that led to the gains.
The company, which is based out of South Florida, owns licensed technology meant for the distribution and production of canned, flavored products. Yesterday, it announced its plans pertaining to strategic acquisitions in the next few months. The Chief Executive Officer of the company, Benjamin Siblerspoke, spoke in detail about the plans. He reminded us that in August, Stemsation International had streamlined its business operations, and going further, the company would look into asset acquisitions as well as licensing deals.
He stated that the company was working closely with its advisors and had started focusing on certain specific business segments with a track record of growth. The company was focused on the acquisition of green companies. To that end, Sibler noted, the company had opened talks with a company involved in the solar energy space. He noted that the company would keep providing key information as the project continued to move forward.
At the moment, there are more than 155 gigawatts of solar capacity installed across the United States, as per information from the Solar Energy Industries Association (SEIA). The power is enough for 27 million households, and the market for solar energy recorded growth to the tune of as much as 40% in the past year alone. Over the next two decades, growth increases are expected as well.
On August 4, Sibler noted that in 2022, the company had divested from its network marketing business, and Stemsation International’s previous CEO had also resigned from his position. The events allowed the company to cut its debts by as much as $328,000 and also cut down on payments pertaining to operations by $50,000 a month.
He went on to add that the company had also been successful in retiring noteholder debt to the tune of $264,000 following the settlement of a lawsuit in June 2023. Following that, the company focused on the development and research related to its licensed technologies. At the time, Sibler had noted that the company would provide further updates about other licensing deals and acquisitions.
The company provided one of those yesterday. The product that the company offers would be distributed in the form of a lifestyle model to the wider beverage industry. However, it is important for investors to keep in mind that the company would also look to distribute its flavored, canned oxygen products to bars, colleges, and restaurants. It could be a good idea for investors to add the stock to their watch lists at this point.
