Ultimate Sports Stock Price, News & Analysis

Ultimate Sports Inc (OTC: USPS), now doing business as Sannabis, Inc., is a U.S.-based company that has transitioned from a men’s health services focus to the legal cannabis and hemp industries, with a strong operational emphasis in Colombia. According to company disclosures and press releases, Ultimate Sports, Inc. acquired Colombian medical cannabis operator Sannabis S.A.S.. and has amended its articles of incorporation to change its name to Sannabis, Inc., while continuing to trade under the ticker USPS.

The company describes itself as focused on the legal cannabis and hemp industry in Colombia, working with Sannabis S.A.S., a fully licensed and vertically integrated cannabis producer. Sannabis S.A.S. holds all four national Colombian cannabis licenses: Seed Use, THC (psychoactive) cultivation, non-THC (hemp) cultivation, and Fabrication/Export. These licenses allow activities that include growing cannabis, manufacturing derivatives, and exporting cannabis products to jurisdictions where such trade is legal, subject to applicable regulations.

Business Focus and Operations

Based on its public statements, the business model for Ultimate Sports Inc / Sannabis, Inc. combines:

• Licensed cannabis cultivation and sourcing in Colombia, including contracts with other licensed growers to produce CBD flower and other cannabis inputs.
• Manufacturing and export of cannabis derivatives, such as cannabis essential oil and terpene-based products, using Colombian licenses and logistics channels to ship to international customers.
• Product development in cannabis terpenes and nutraceuticals, including terpene sprays intended to complement cannabis consumption and food and beverage applications.
• Planned and existing medical cannabis distribution in Colombia through partnerships with licensed health clinics and pharmacies.
• Telehealth men’s health services in the United States under the Men’s Advanced RX Online Medical Clinic brand.

The company states that Sannabis products sold in Colombia are being introduced into the U.S. market, and that it aims to meet demand in North and South America, Europe, and Asia through cultivation partnerships and export capabilities. It emphasizes the use of Colombia’s regulatory framework and agricultural conditions to support low-cost, licensed cannabis production and derivative manufacturing.

Cannabis and Hemp Product Lines

Ultimate Sports Inc / Sannabis, Inc. reports several product and initiative categories:

• Terpene Sprays and Nutraceutical Products: The company has launched cannabis terpene sprays, including the Holy Essence Purple Rain variety and NO LICK! Terpene Spray. These sprays are described as using cannabis terpenes distilled from cannabis flower to enhance aroma, flavor, and the perceived “entourage effect” when used with THC and CBD products. The company also highlights applications in food and beverages and as a hygienic alternative to licking rolling papers.
• Cannabis Essential Oil (CEO): The company has announced shipments of pure cannabis essential oil from Colombia to the United States to be used in manufacturing its NO LICK! Terpene Spray and for samples to food and beverage companies interested in cannabis-derived terpene aromas and flavors. The company notes that these terpene products contain no THC or CBD and therefore are not treated as marijuana under U.S. federal law.
• Cosmetic, medical, homeopathic, and industrial products: In earlier disclosures, the company states that Sannabis S.A.S. has a line of cosmetic, medical, homeopathic, and industrial products made from cannabis and hemp, supported by its cultivation and fabrication/export licenses.
• Hemp-based Construction Materials: The company has announced development of a hemp-based roofing tile for South American markets and a binational initiative to produce high-strength hemp blocks in Colombia and the United States. These projects are described as using hemp hurd combined with kaolin or lime binders to create structural, fire-resistant, and thermally efficient building materials, with plans for manufacturing plants in Barranquilla, Colombia, and Central Georgia, USA, subject to financing.

Colombian Medical Cannabis and Social Impact Programs

Sannabis S.A.S., the Colombian subsidiary being acquired, is portrayed as operating within Colombia’s federally regulated medical cannabis framework. It works with licensed physicians and authorized pharmacies, and has partnered with Human Fine IPS health clinics and the Sannabis Human Fine Pharmacy. The company reports a supply agreement with a licensed Colombian cultivator to provide Sannabis-branded cannabis flower for distribution through these clinics and pharmacy, in line with evolving Colombian regulations for dispensing cannabis flower by prescription.

The company also highlights a social-impact initiative called “Weaving Dreams of Freedom”, a hemp-based economic program for inmates in Colombian correctional facilities. Under this program, inmates weave hemp yarn into finished goods, creating income opportunities for incarcerated individuals, farmers, and processors. The company has discussed seeking Second Chance Opportunity Certification from Colombia’s Ministry of Labor for this program, which may confer tax-exempt status on related product sales under Colombian law.

Telehealth Men’s Health Services

Before its cannabis-focused transition, Ultimate Sports Inc. operated men’s health clinics. The company states that it has converted its brick-and-mortar clinics into the Men’s Advanced RX Online Medical Clinic, providing licensed physicians to diagnose and treat male health and wellness issues via telehealth. It has indicated that it may incorporate Sannabis products into men’s wellness offerings where appropriate and is seeking strategic mergers and acquisitions in related areas.

Corporate Evolution and Ticker

Public communications describe the following corporate evolution:

• Ultimate Sports, Inc. operated a men’s health services business in the United States.
• The company acquired Sannabis S.A.S. in Colombia, a fully licensed cannabis company.
• It amended its articles of incorporation with its state of incorporation (Indiana) to change its corporate name to Sannabis, Inc.
• A name change action has been initiated with FINRA; until approval, the company continues to trade as Ultimate Sports, Inc. under the symbol USPS on the OTC Markets.

In more recent releases, the company refers to itself as Sannabis, Inc. (OTC: USPS), formerly Ultimate Sports, Inc., and notes that it has achieved OTC Markets “Current” status (OTCID Current) and is working to maintain Pink Current disclosure compliance.

Regulatory and International Context

Ultimate Sports Inc / Sannabis, Inc. positions its Colombian operations within a broader regulatory and international trade context. It notes that Colombia has a federally regulated medical cannabis system, with licensed physicians, authorized pharmacies, and INVIMA oversight of pharmaceutical-grade manufacturing. The company has commented on U.S. federal discussions around marijuana rescheduling under the Controlled Substances Act and suggests that changes such as a move to Schedule III could, if fully implemented through rulemaking, create future pathways for treaty-compliant international medical cannabis trade and patient travel. However, the company also acknowledges that rescheduling alone would not automatically legalize cannabis or permit importation into the United States.

For investors and observers, Ultimate Sports Inc / Sannabis, Inc. represents a micro-cap, OTC-traded company that combines U.S.-based telehealth men’s health services with Colombian-anchored cannabis and hemp operations, including medical cannabis, terpene products, and hemp-based construction materials, as described in its public news releases.