Welcome to our dedicated page for SIBANNAC news (Ticker: SNNC), a resource for investors and traders seeking the latest updates and insights on SIBANNAC stock.
Sibannac Inc. develops lifestyle and wellness businesses tied to next-generation consumer products, plant-medicine tourism, and consciousness-focused media. The OTC-quoted Nevada corporation has described product activity in mainstream supplements, Amanita mushrooms, Kratom, and hemp-derived cannabis products, alongside wholesale and retail distribution.
Company news centers on Starwalker Cafe content, Starwalker Journeys retreats, regulated botanical wellness experiences, co-marketing relationships with consciousness-media partners, and marketing initiatives intended to expand market visibility. Updates also reference regulatory and research developments affecting botanical wellness and plant-medicine travel.
Sibannac, Inc. (OTC Pink: SNNC) has achieved a 100% increase in share price over the past year and is focusing on expanding its white label manufacturing and launching a new wellness brand in 2022. The company plans to retire $400,000 in fees owed to branding partner Lifetime Branding through a debt forgiveness agreement. Additionally, Sibannac will manufacture Delta-8 THC products following a DEA ruling classifying it under the 2018 Farm Bill. A new retail location is set to open in downtown Scottsdale, and an awareness campaign is planned for the upcoming year.
Sibannac, Inc. (OTC Pink: SNNC) announced the retention of Farber Hass Hurley LLP for PCAOB-required audits of its financial statements from the past two years. Following the audits, SNNC plans to file for fully reporting status with the SEC. The company also mentioned that Lifetime Branding will introduce a new wellness brand to its Board, which will be presented publicly later. Additionally, management is in discussions with a product development firm to launch a next-generation wellness product backed by clinical testing. Further disclosures will follow upon material agreements.
On June 10, 2021, Sibannac, Inc. (OTC Pink: SNNC) announced the successful completion of a debt financing agreement with Continuation Capital, Inc. The agreement involved issuing shares to raise $432,000 for branding efforts led by Lifetime Branding. The share price, which started at $0.02 in July 2020, surged to $0.27 by June 9, 2021, reflecting a 1,350% increase. All accrued debt has been retired, and the company is set to launch a next-generation wellness brand under The Campus Co. soon.