Low Float (ICNB) Recently Dropped Huge Acquisition News, Displays Multiple Bullishly Triggered Technicals
Barchart Reports "100% BUY" Opinion Based On Overall Technical Indicators
Let's dive in.
In the previous 30+ days, I've delivered several intraday and short term breakout champs that have set their charts on fire.
Here's a recap:
- From an October 20th open of $2.14, KULR has now run to a high of $3.81 on November 15th for a short term surge of 78%.
- XCPL erupted from a $.038 open on October 27th to a high of $.365 the following day for a run of approximately 860% overall.
- Last week GSPT exploded from a November 4th open of $.458 to a high of $.75 for an intraday rip of 63%.
- From an open of $.3131 on November 8th, OPWEF blazed a path up the charts to a high of $.4676 on the day for a 49% intraday run.
- Opening at $.75 on November 12th, STAL blasted to a $6.40 high and an approximate intraday move of 753%.
I know, right? Crazy.
That said, I've been tracking a new profile closely which could be breakout bound near term due to several potential catalysts.
For Tuesday, November 23rd, there is only one profile to have on your radar:
*Iconic Brands, Inc. (ICNB)*
Iconic is a vertically integrated innovative beverage and lifestyle branding company with expertise in developing, branding, licensing, manufacturing and distributing alcoholic beverages for itself and third parties. The company is building brands that are “better-for-you and better-for-the-planet” to meet the unmet demands and values of a new generation of adult beverage consumers.
Iconic is a leader in “celebrity branding” of beverages, procuring superior and unique products from around the world, with internationally recognized celebrities. It currently offers Bellissima Prosecco and Sparkling Wines, by Christie Brinkley, which are certified Made with Organic Grapes and Vegan and include two Zero Sugar Sparkling Wines, Sonja Sangria by Sonja Morgan, a new line of premium-quality Sangria, and BiVi Sicilian Vodka by Chazz Palminteri, which is handcrafted in Sicily.
Game-Changer Acquisition - No 1. Potential Breakout Catalyst For ICNB
Iconic’s recent acquisition of TopPop expands its offering from national distribution to product development and contract manufacturing, working with Fortune 500 companies and some of the largest brands in the alcohol industry.
The TopPop subsidiary specializes in single-use flexible packaging applications in the food, beverage and health categories including ready-to-freeze (RTF) ice pops.
Key TopPop Acquisition Details
- Federal and state licenses to manufacture and package wine, malt and spirits
- 30,000 sq. ft. FDA-registered manufacturing facility with SQF food safety certification, organic certifications; also has 30,000 sq. ft. of additional inventory-controlled warehouse space and recently added 64,000 sq. ft. manufacturing facility
- First product launched in 2Q 2020 — alcohol-infused, natural fruit flavor ice pops for major alcohol beverage companies
- Customers include the top flexible pack alcohol and non-alcohol beverage manufacturers of ready-to-freeze in the U.S.
- Projects include the launch of 3 new brands for one of the largest alcohol products companies in the world
- Product development and 2021 rollout of branded ready to freeze alcohol pops
- Contract with Creative Arts Agency to sell through to major sports and entertainment venues
- Machine capacity is greater than 200 million units per year
- R&D pipeline includes ready-to-drink (RTD) and ready-to-freeze (RTF) alcohol drinks and mixers, and single-serve food products in pouches
Iconic Brands And TopPop Synergies
Iconic Brands and TopPop, with their combined portfolio of brands, products and manufacturing, can address the entire BFY (Better for You) alcoholic beverage category with innovative products: from wines to spirits, RTD, RTF, to infused icepops and mixers. Thus, the combined companies will capture exponential value and establish leadership in this category.
- Opp. to cross-sell products to increase client base
- Opp. to expand NPD creativity and integration and off-trade)
- Overlap with target sales contact (on-trade and off-trade)
- Opp. to cross-promote products and increase sell-through
No. 2 ICNB Potential Breakout Catalyst - Another Low Float Profile
According to the OTC Markets' website, ICNB has a low float.
The website reports this profile to have approximately 10.00Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
With so few shares available for trading, other potential catalysts (like big news) could spark a vertical move in the short-term.
No. 3 ICNB Potential Breakout Catalyst - Bullish Technicals In Short, Medium, And Long Term
As of 11:00AM EST on Monday, Barchart was reporting ICNB to have a ton of bullish, triggered technical indicators.
Here's a complete list from the site:
Short Term Indicators
- 20 Day Moving Average
- 20 - 50 Day MACD Oscillator
- 20 - 100 Day MACD Oscillator
- 20 - 200 Day MACD Oscillator
Medium Term Indicators
- 50 Day Moving Average
- 50 - 100 Day MACD Oscillator
- 50 - 150 Day MACD Oscillator
- 50 - 200 Day MACD Oscillator
Long Term Indicators
- 100 Day Moving Average
- 150 Day Moving Average
- 200 Day Moving Average
- 100 - 200 Day MACD Oscillator
With all these triggered technicals, Barchart is reporting this profile to be a "100% BUY" in the short, medium, and long term.
On top of that, the website's all-important composite "TrendSpotter" indicator is triggered as a "BUY" based on ICNB's overall technicals.
No. 4 ICNB Potential Breakout Catalyst - Hiring Of New Experienced C-Suite
Iconic Brands Unveils New Management Team of Experienced Beverage Industry Executives as Company Materially Expands Its Footprint
AMITYVILLE, NY, Sept. 13, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- Iconic Brands, Inc. (OTCQB: ICNB) (“Iconic” or the “Company”), a lifestyle branding company and developer of premium alcoholic beverages, today announced the recent appointment of a new, highly experienced C-Suite, including Larry Romer, most recently Senior VP and GM at Southern Glazer Wine & Spirits in New York, as Chief Executive Officer; John A. Cosenza, most recently the North East Category Leader at Anheuser-Busch (AB), as Chief Operating Officer; and David Allen as Chief Fin-an-cial Officer and Secretary. In addition, with its recent acquisition of TopPop, Tom Martin will remain that subsidiary’s President and COO, and Tom Belton will remain its CFO.
"I am proud to report we have assembled a stellar, highly-accomplished executive team who will guide Iconic into the next phase of its growth trajectory,” said Richard DeCicco, Iconic President and Chairman of the Board of Directors. “The fact is, our Board determined that it was time to bring in new blood, new ideas and leadership at the top to fully capitalize on the tremendous opportunities available to our company, help us to capture market share and unlock Iconic’s full value with the expansion into various new verticals. We believe strengthening the C-Suite is a great step in pursuit of our proposed uplisting of our common stock to a national st-ock exchange."
“With an experienced, aggressive new leadership team, and our solid fin-an-cial position, we will be able to better support our brands and also to create and pursue new opportunities within the alcohol beverage industry,” Mr. DeCicco added.
Executive Bios and Comments
CEO Larry Romer brings over 40 years of beverage industry experience to Iconic, including senior management positions with Coca Cola, The Paddington Corporation, Jim Beam and most recently as Senior VP and GM at Southern Glazer Wine & Spirits in New York. He has an extensive and successful track record of brand building, supply chain management, and driving revenue growth and has significant experience working in every market in the U.S. and Canada, where he has developed strong relationships with partners across all tiers of the business. Mr. Romer holds a bachelor’s degree from Manhattan College and a master’s degree in health and physical education from Adelphi University.
Commenting on his appointment to Iconic, CEO Larry Romer said, “Iconic has a solid portfolio of highly-competitive brands and I look forward to using its expertise and valuable industry relationships to aggressively grow the current brands while pursuing new opportunities in Wine, Spirits and additional channels. Iconic’s new alcohol manufacturing and packing business is a significant tool that already generates solid revenue. I was highly attracted to Iconic’s understated potential, and we are aggressively pursuing new and different avenues for growth as we grow more vertically integrated. I'm really looking forward to working closely with Tom Martin to take advantage of the synergies now available to grow our revenue and value.”
COO John A. Cosenza served in management at Anheuser-Busch (AB) for 30 years, most recently as the Northeast Category leader. There, he began his AB career as a sales representative for Lower Manhattan and, as Chain Store Manager, was responsible for all NYC chain store sales and innovations. Later, Mr. Cosenza served as Sr. Manager for AB’s Corporate Social Responsibility (CSR) division, where he promoted responsible drinking, the designated driver program, and the prevention of underage drinking. He has executed strategies in retail, college and major sports venues. As Commercial Director for Brooklyn and Staten Island, he was responsible for sales, marketing, pricing, and innovation. Mr. Cosenza earned an MBA in finance from Long Island University and a bachelor’s degree in Sports Management from St. John’s University.
CFO and Secretary, David Allen, brings to Iconic 22 years of experience as a public company CFO, and over 40 years as a Certified Public Accountant, having started his career with Arthur Andersen & Co. Currently, he sits on the board of directors of two public companies and serves as audit committee chairman for one. Mr. Allen has worked as an Advisor to Iconic since 2018. He is a licensed CPA and holds a bachelor’s degree in accounting and a master’s degree in taxation from Bentley College.
President & COO of TopPop, Tom Martin, has been in the primary and secondary packaging industry for over 40 years with privately held companies. He has managed, co-founded and run printing operations, equipment divisions, cosmetic contract manufacturing and food contract manufacturing companies. Mr. Martin’s expertise is in sales, engineering and company building. He is a co-founder of TopPop Packaging. TopPop was built from the ground up by capitalizing on the innovative idea of alcohol-infused adult ice pops and single-use food & beverage products. This then led to the building of its state-of-the-art, FDA approved production facility, which tripled the company’s production capacity. The facility was designed and built to produce single-serve Boozy Ice Pops for some of the nation’s largest beer, wine and spirits companies.
CFO of TopPop, Tom Belton, has been instrumental in assisting businesses to create and drive innovation and growth strategies for over 35 years. He is the founder and CEO of InnoAccel Solutions, where he partners with growing businesses as an investor, Board member and C-Suite officer to energize business and brands through innovation strategies, “skin in the game” equity partnerships, and marketing and supply chain joint ventures.
Tracy Memoli will remain as TopPop’s Chief Communications Officer and Laurance Rassin will remain its Chief Marketing Officer.
Chief Communications Officer of TopPop, Tracy Memoli brings nearly 20 years of experience as a publicist in the hospitality and leisure industry. She works with some of the world’s largest beverage brands, startup companies, corporations, restaurants and top chefs to create alcohol-infused ice pop flavors. In 2016, Tracy Memoli co-founded FrutaPOP, the makers of alcohol-infused ice pops that has helped to reinvent the ice pop, a product that hasn’t seen an innovation in the last 70 years.
Tracy has appeared on Dr. Oz and has been featured in USA Today, Travel, U.S. News & World Report, TheStreet.com, The Daily Meal and Destination Weddings & Events. Tracy holds a bachelor's degree in Communications from the University of North Florida and is a member of the New York Women’s Culinary Alliance, United Women in Business and the Entreprenista League.
Chief Marketing Officer of TopPop, Laurance Rassin, brings more than 35 years of experience in marketing, brand activations, experiential events and brand strategy, with a focus on start-up brand strategy and positioning. He is a co-founder of TopPop. Mr. Rassin holds a bachelor's degree from American University.
Read the full article here.
Key Details From The ICNB Company Presentation