SponsorsOne Inc (OTCMKTS:SPONF) Stock Extends Rally: Up 30% in a Week

SponsorsOne Inc (OTCMKTS:SPONF) is involved in deploying its own platform for the purposes of wholesale as well as retail distribution, digital marketing and branding among other functions.

At this point the company is involved in further strengthening the growth of its own brands in the hemp, functional beverage and alcohol spaces. Yesterday, the SponsorsOne stock was in sharp focus among investors and ended the day with gains of as much as 25%. The rally in the stock was triggered by the announcement from the company with regards to the distribution agreement signed between Doc Wyder’s and Republic National Distributing Company (‘RNDC’).

Investors seem to be excited by the fact that this agreement marks further strengthening of the company’s distribution strategy and the Chief Executive Officer of SponsorsOne Myles Bartholomew said as much. He went on to state that this agreement is also going to help SponsorsOne in getting the product to retailers who are spread across the United States. On the other hand, he also stated that the growth in the ready to drink market has been quite substantial in recent times and SponsorsOne is convinced about the future prospects of the Doc Wyder’s brand.