Sibannac Inc. (OTC:SNNC) Stock Gains 18% in a Week: Here is Why
There are going to be a number of companies that are expected to come onto the radars of investors in one way or another, and it is important for investors to figure out the companies that may need their attention. One of the companies that could well be worth tracking in light of yesterday’s developments is the Nevada corporation Sibannac Inc. (OTC:SNNC).
The company made a significant new announcement yesterday, and it could be a good time to take a closer look. The company noted that after having had a busy summer of acquisitions, product development, and construction of its Kava/Kratom bar, Sibannac was in a position to start generating revenues in all its endeavors. In the post-pandemic period, there had been the closure of a number of cannabis and supplement manufacturers. However, Sibannac went in the other direction and improved its production facility while maintaining its retail location.
A void had been left in the market owing to the flight of many operators in the wholesale niche, and in the news release, the company announced that it was equipped to fill that void. Since the company operates as a vertically integrated entity, it would be able to maximize its revenues. Sibannac would source its raw materials on its own and then work on finishing the packaged products before selling them wholesale, retail, or directly to consumers.
In the news release, the company also noted that it had launched the Campus Co platform, a community meant for emerging brands and start-ups in the lifestyle and solutions spaces. The company noted that the Campus Community would function as the portal for all commercial and consumer relationships maintained by Sibannac. Other than helping with the development of revenues through contract manufacturing, the campus community would also be involved in the incubation, recruitment, and development of brands in the fitness, health, and sports sectors. Special attention would be given to nutraceuticals and functional food products. The company further revealed that the task of third-party brand creation was being looked after by Eric Stoll, the Chief Marketing Officer of Sibannac. He was taking care of it through his lifetime branding team.
On October 3, Sibannac was in the news after it made an announcement about a number of its business operations, and it could be a good idea to consider taking a look into some of the highlights. The company noted that it had acquired Immersive Brands under the guidance of Karl Gottschalk and went on to state that it would be a major force in its operations and future revenue generation.
Additionally, Sibannac revealed that it would start relationships with celebrity influencers for the purposes of pushing its NOHO shot product. It would entail the development of white-label brands and the licensing of the main product line. The company noted at the time that it had 75 licenses across Canada for opening retail outlets. It would partner with TYME Cannabis Co. and Allstar Health Brands to introduce Kratom products to the Canadian market. The company also revealed that it was all set to establish its Kava/Kratom bar named The Kavern in Scottsdale, Arizona, as its home base.
