AveragePenny
2 월 전
$STSN StemSation International Announces Name Change to “Smart TrendS Network”
https://www.globenewswire.com/news-release/2024/12/18/2999160/0/en/StemSation-International-Announces-Name-Change-to-Smart-TrendS-Network.html
PLANTATION, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored canned oxygen products and has recently acquired Gorilla Marketing Group, LLC (GMG); a company that markets and distributes high-end vape products - has announced today that they have filed with the State of Florida to change the name of the Company to “Smart TrendS Network”.
"With the recent acquisition of Gorilla Marketing Group, we need to differentiate the Company from the old Network Marketing business model as we embrace our long-term strategies in retail distribution,” stated Benjamin Silber, CEO of StemSation International. “Changing our name to Smart TrendS Network lets us open the door to a new chapter in the growth of the Company as we find and grow new market trends,” he continued. “We have already licensed technology for canned flavored oxygen and have acquired GMG in the vape cartridge space. This brings our products into retail stores and opens up a pathway for distribution of other potential trends that could be disruptive. We will continue to seek new technologies and products that will fit into this new distribution plan,” he concluded.
StemSation International was named originally for the distribution of dietary supplements through a Network Marketing model of direct distributors. That company, along with the MLM model, was divested in mid-2022. Since then, the Company has sought to find markets for its oxygen products and to seek new acquisitions for product distribution into the retail space. Pursuant to that, the Company recently announced the completion of the acquisition of GMG. GMG is the owner and distributor of high-end vape products under the brand, AlienHouse. The products include disposable vape cartridges in a range of flavors along with THC-P hemp derivatives. The company also markets their branded, ‘Zombie-themed’ apparel and marketing materials. The name change to Smart TrendS Network reflects the Company’s goals of finding, acquiring and marketing a variety of products in new and ‘smart’ trends that can be dropped into their current retail distribution platform.
Smart TrendS Network expects to have additional updates shortly as they fulfill on their current business plan.
AveragePenny
2 월 전
$STSN StemSation International Announces Acquisition of Gorilla Marketing Group, LLC
https://www.globenewswire.com/news-release/2024/12/02/2989733/0/en/StemSation-International-Announces-Acquisition-of-Gorilla-Marketing-Group-LLC.html
Strategic Acquisition Completed: StemSation International has finalized the acquisition of Gorilla Marketing Group (GMG), owner of the high-end AlienHouse vape product line. This move positions the company for significant growth in the THC-P vape and lifestyle product markets.
Enhanced Market Presence: With GMG's established brand and innovative marketing, StemSation plans to expand distribution, improve efficiencies, and support new product launches in high-potential retail spaces.
Management and Ownership Integration: GMG’s leadership will join StemSation’s Board of Directors, and GMG shareholders will acquire approximately 35% ownership in StemSation’s common shares, strengthening the partnership.
Industry Growth Opportunity: Leveraging GMG's creative branding and the growing popularity of THC-P products, StemSation anticipates substantial growth aligned with record-breaking sales trends in convenience stores and the broader consumer goods sector.
PLANTATION, Fla., Dec. 02, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products is announcing the completion of the acquisition of 100% of the privately-held marketing company, Gorilla Marketing Group, LLC (GMG). Stemsation had previously announced a Letter of Intent that outlined the terms and milestone steps of the Agreement.
GMG is the owner and distributor of high-end vape products under the brand, AlienHouse. The products include disposable vape cartridges in a range of flavors along with THC-P hemp derivatives. The company also markets their branded, ‘Zombie-themed’ apparel and marketing materials.
"We previously announced the Letter of Intent to acquire 100% of GMG,” stated Benjamin Silber, CEO of StemSation International. “We have worked quickly with our investors and vendors to complete this acquisition and bring GMG completely into the StemSation family,” he continued. “As I’ve stated previously, this is an active company that is already growing in the market space that offers us the greatest potential for mid and long-term growth. We will continue working with the management of GMG to improve efficiencies, finance product launches and roll their products into the broadest retail markets. Additionally, we will continue to seek further acquisitions of companies and technologies to fuel consistent growth,” he concluded.
With the completion of the acquisition, the management of GMG will be joining the StemSation International Board of Directors. Upon final stock issuances, the shareholders of GMG will hold approximately 35% of the common shares of StemSation International.
“We are thrilled to have completed this acquisition so quickly and are excited to be joining the StemSation family,” commented Mike Gaya, CEO of GMG. “As I’ve said previously, it’s an exciting time to be in the consumer goods space and in the THC-P vape market specifically. AlienHouse’s marketing blends bold, imaginative visuals with clever storytelling that resonates with a wide audience. It’s not just about selling a product; it’s about selling a lifestyle—one that embodies the cutting-edge, adventurous spirit of the brand itself. AlienHouse has built a loyal customer base, and its continued innovation keeps the brand ahead of the curve. We have a unique foothold in this space and expect the market to grow substantially over the next few years,” he continued. “We believe that we will bring a lot of value for the StemSation stakeholders as we expand their portfolio of technologies,” he concluded.
According to newly released data from the National Association of Convenience Stores (NACS), convenience stores saw record sales in stores in 2023. Total convenience industry sales in 2023 were $859.8 billion, of which $327.6 billion were from in-store sales. The display space around the cashier is the most crucial area in the store to build incremental sales. There is a sales advantage at the register space because the customer has already committed to making a purchase. At this point, the store is leveraging impulse behaviors to increase incremental sales.
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
AveragePenny
4 월 전
$STSN StemSation International Announces Execution of a Letter of Intent (LOI) to Acquire Gorilla Marketing Group, LLC
https://www.globenewswire.com/en/news-release/2024/10/21/2966197/0/en/StemSation-International-Announces-Execution-of-a-Letter-of-Intent-LOI-to-Acquire-Gorilla-Marketing-Group-LLC.html
PLANTATION, Fla., Oct. 21, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products, is announcing the execution of a Letter of Intent that outlines the terms and milestone steps for the acquisition of 100% of the privately-held marketing company, Gorilla Marketing Group, LLC (GMG).
GMG is the owner and distributor of high-end vape products under the brand AlienHouse. The products include disposable vape cartridges in a range of flavors along with THC-P hemp derivatives. The company also markets their branded, ‘Zombie-themed’ apparel and marketing materials.
“We previously announced our new focus on seeking an acquisition in the consumer goods space with an emphasis on the impulse spaces by the cash registers of convenience stores,” stated Benjamin Silber, CEO of StemSation International. “This has led to the execution of a Letter of Intent to acquire 100% of Gorilla Marketing Group,” he continued. “This is an active company that is already growing in the market space that offers us the greatest potential for mid and long-term growth. We are working with the owners and management of GMG to create definitive documents and audited financials to complete the acquisition as quickly as possible. Once this first acquisition is completed, we will continue to seek additional companies and technologies to fuel consistent growth,” he concluded.
Upon completion of the acquisition, the management of GMG will join StemSation International. The executed Letter of Intent requires definitive agreements to be created along with audited financials to be provided by GMG. The company expects the acquisition to be completed by the end of the year.
“We are excited to be joining the StemSation family,” commented Mike Gaya, CEO of GMG. “It’s an exciting time to be in the consumer goods space and in the THC-P vape market specifically. AlienHouse’s marketing blends bold, imaginative visuals with clever storytelling that resonates with a wide audience. It’s not just about selling a product; it’s about selling a lifestyle—one that embodies the cutting-edge, adventurous spirit of the brand itself. AlienHouse has built a loyal customer base, and its continued innovation keeps the brand ahead of the curve. We have a unique foothold in this space and expect the market to grow substantially over the next few years,” he continued. “Merging into the public markets with StemSation will provide the potential for growth funding as well as enhanced valuation for our company. We also believe that we can bring a lot of value for the current StemSation stakeholders as we expand their portfolio of technologies,” he concluded.
According to newly released data from the National Association of Convenience Stores (NACS), convenience stores saw record sales in stores in 2023. Total convenience industry sales in 2023 were $859.8 billion, of which $327.6 billion were from in-store sales. The display space around the cashier is the most crucial area in the store to build incremental sales. There is a sales advantage at the register space because the customer has already committed to making a purchase. At this point, the store is leveraging impulse behaviors to increase incremental sales.
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
AveragePenny
6 월 전
$STSN StemSation International Provides Corporate Updates
https://www.globenewswire.com/news-release/2024/08/12/2928351/0/en/StemSation-International-Provides-Corporate-Updates.html
PLANTATION, Fla., Aug. 12, 2024 (GLOBE NEWSWIRE) -- StemSation International (OTC: STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products is announcing new business initiatives for the upcoming months.
"We announced last year that we had streamlined our current business and would be seeking further licensing opportunities and asset acquisitions,” stated Benjamin Silber, CEO of StemSation International. “Working closely with advisors, we are concentrating on business segments with proven growth. While we had targeted green energy companies as our initial acquisition targets, we have not found the right fit yet for the company,” he continued. “As we work on the roll-out of our consumer goods products, we have found some opportunities in this space that allow for the current acquisition of consumer products companies while providing a distribution platform for future StemSation products. The focus would be ‘impulse buy’ products by the cash registers of convenience stores. We expect to have updates shortly as we move these projects forward,” he concluded.
According to newly released data from the National Association of Convenience Stores (NACS), convenience stores saw record sales in stores in 2023. Total convenience industry sales in 2023 were $859.8 billion, of which $327.6 billion were from in-store sales. The display space around the cashier is the most crucial area in the store to build incremental sales. There is a sales advantage at the register space because the customer has already committed to making a purchase. At this point, the store is leveraging impulse behaviors to increase incremental sales.
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
AveragePenny
1 년 전
$STSN StemSation International Announces Acquisition Plans
https://www.accesswire.com/787626/stemsation-international-announces-acquisition-plans
StemSation International is providing updates on corporate planning and direction for potential new acquisitions in the green energy space
PLANTATION, FL / ACCESSWIRE / September 27, 2023 / StemSation International (OTC PINK:STSN), a South-Florida based company that has licensed technology for the production and distribution of flavored, canned oxygen products is announcing strategic acquisition planning for the upcoming months.
"We announced last month that we had streamlined our current business and would be seeking further licensing opportunities and asset acquisitions," stated Benjamin Silber, CEO of StemSation International. "Working closely with advisors, we are concentrating on business segments with proven growth. We have now focused on green energy companies as acquisition targets," he continued. "We have started negotiations to acquire a company that is already in the solar energy space. We will keep everyone informed as we move these projects forward. We are excited to move this business forward as we seek other licensing opportunities and asset acquisitions," he concluded.
According to the Solar Energy Industries Association (SEIA), there are now more than 155 gigawatts (GW) of solar capacity installed nationwide; enough to power 27 million homes. The market grew over 40% last year alone with expected growth increases over the next 20 years.
StemSation expects to have additional updates shortly as they fulfill on their current business plan.
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