The share price of Sibannac Inc (OTCPk: SNNC) rose by 8.00% to $0.2700 at the previous close. In the past week, Sibannac stock gained 42.11 percent, compared to a monthly gain of 63.64%. With the SNNC stock rising in the absence of current news, we can then point to recent developments to gain an in-depth understanding of the company.
Has SNNC been doing well lately?
Sibannac is a Nevada corporation located in Scottsdale, Arizona, founded in 1999. As part of their portfolio, SNNC markets premium next-generation wellness products made with Cannabidiol (CBD), Kratom, and Delta-8 THC derived from hemp. Food-grade, FDA-registered SNNC facilities follow all cGMP requirements. All SNNC business areas, from product design and manufacturing to sales and marketing, are vertically integrated.
Recently, Sibannac launched the Campus Co. to help start-up companies and emerging lifestyle brands.
- SNNC’s Campus Community will serve as the gateway for all consumer and commercial relationships in the future.
- Furthermore, the Campus will focus on recruitment, incubation, and brand development pertaining to health, fitness, and sports, with an emphasis on nutraceuticals and functional foods.
- SNNC’s platform will be managed by Eric Stoll and the Lifetime Branding team, which will facilitate collaborations between the brands and resources, giving them the Campus’ “big company” capabilities.
- Choosing core branding partners will be a highly selective process, and products offering real innovation or diversity will only be added to the platform’s portfolio.
What further plans does SNNC have?
SNNC will eventually acquire Lifetime Branding’s equity stakes in two brands when they are acquired by Sibannac (FBNC). It is expected that Campus will continue to cultivate these brands until SNNC acquires controlling interests in the company or sells them by way of a “spin-out”.