During the past trading session, Suntex Enterprises, Inc. (OTCPk: SNTX)’s stock closed at $0.10, up 23.30 percent. During the session, 44.35K shares of SNTX stock changed hands, ranging from $0.0775 to $0.10. Because SNTX stock rose without any recent news, there may be some basis for believing that recent developments will provide additional insight.
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How has SNTX been recently?
Suntex produces and distributes renewable biodiesel fuel as an alternative energy company. SNTX also supplies equipment for biodiesel production. The biodiesel made by SNTX is used in compression-ignition engines. Prior to SNTX, it was called Macrosonic, Inc. SNTX has its headquarters in Las Vegas, Nevada. As a company, SNTX takes pride in developing products that make consumers’ lives better. SNTX believes quality leads to growth.
As part of its ongoing commitment to revenue growth, Suntex provided shareholders and the public with an update last month.
The highlights of the update are:
- SNTX’s subsidiary, Budding Botanicals, is developing an option for wholesale distribution of its high-quality, unique ingredients.
- CBD is growing at an unprecedented rate.
- The CBD market is crowded with a wide variety of products, but Budding Botanicals products, regarded by many as the best in the industry, use the best ingredients consistently.
- Budding Botanicals has developed many of these ingredients, and they are used exclusively in Budding Botanicals’ products.
- Budding Botanicals is well known in the industry for its quality and consistency of products and ingredients.
- Several other developers of CBD merchandise have contacted Budding Botanicals to inquire about wholesale access to its CBD ingredients and products.
- Budding Botanicals’ e-store is a popular place to view and buy its products and ingredients.
- The SNTX team is constantly seeking out new outlets and opportunities for growth, as well as Pumped CBD, Beauty by Design, and Budding Botanicals.
- SNTX expects an increase in revenue of approximately 35% since initial wholesale orders for ingredients have already been acquired and shipped.
- With the increase in revenue, profits increased by roughly 15%, allowing for much greater growth and profitability potential.
The latest strategy:
The subsidiary of Suntex (SNTX) recently implemented a white labeling program for a majority of its products. Customers have reacted well to the program. As a result of economy of scale, SNTX is able to produce products more cheaply, increasing revenue. In the wholesaling of ingredients, SNTX experiences the same results. A raw ingredient becomes more cost-effective the more it is developed, sold, and utilized.
