SponsorsOne Inc (OTCMKTS:SPONF) is gaining momentum in the first hour of trading after the news.
Market Action
As of 10:01, SPONF stock moved up by 7% at $0.0230. The stock has traded 3.72 million shares, compared to its average volume of 6.18 million shares. The stock opened at $0.0235 and moved in a range of $0.0205 – 0.0240.
Major Trigger:
SponsorsOne Announces Doc Wylder’s Line of Premium Infused Lemonade is Coming to Canada
Key Highlights:
- announced today that the Doc Wylder’s is coming to Canada.
- Under the Agreement, Trajectory Beverage Partners, a division of Diamond Estates Wine & Spirits Ltd. (TSXV:DWS), will oversee the National sales and marketing of Doc Wylder’s starting in Western Canada with the goal of having Doc Wylder’s in selected stores in Alberta by July with the roll-out in other markets to follow.
- Tim McChesney, Senior Vice President Marketing and Business Development, Trajectory Beverage Partners, said: ‘We are excited to be appointed the exclusive sales and marketing agent in Canada for Doc Wylder’s and believe that the unique attributes and premium quality of the product stand it apart in the growing RTD category and we anticipate good sustained demand across Canada when fully rolled out’.
- Grandview Research, June 2021 stated: ‘The global ready to drink cocktails market size was valued at USD 714.8 million in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 12.0% from 2021 to 2028. The growing demand for flavored drinks with low alcohol content due to rising health concerns is anticipated to drive the market over the forecasted period.’
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