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Starfleet Innotech Inc is an asset management company focused on innovation through disruptive collaborations across its three key industries namely food and beverage, real estate, and technology. It makes strategic investments in high-growth businesses, building synergies across its diverse portfolio to provide maximum shareholder value.

Commercial Bakery With Its Feet In Two Leading Global Markets Gets Ready For NASDAQ IPO 

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Chanson International Holding, a company that manufactures and sells baked goods, beverages and seasonable products through chain stores in the United States and China, is gearing up for an initial public offering (IPO) in the U.S.

Commercial Bakery With Its Feet In Two Leading Global Markets Gets Ready For NASDAQ IPO

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Starfleet Innotech Inc. – A Global Asset Management Company on the Rise?

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Smokefree Innotec Accepts Resignation of President Thomas Schroepfer 

STARFLEET INNOTECH INC by Starfleet Innotech Inc.

Starfleet Innotech Inc

Chanson International Holding, a company that manufactures and sells baked goods, beverages and seasonable products through chain stores in the United States and China, is gearing up for an initial public offering (IPO) in the U.S.
The company anticipates IPOing with 3 million Class A ordinary shares at a public offering price of $4 per share. The company will list on NASDAQ under the ticker CHSN and expects to commence trading on March 30, 2023.
Chanson Holdings expects to raise approximately <a href="https://seekingalpha.com/article/4420124-chanson-international-pursues-15-million-u-s-ipo">$15 million</a> in aggregate gross proceeds from the IPO, before expenses. It expects the offering to close on or around March 30, 2023, provided there is satisfaction of the customary closing conditions. Money raised by the IPO will go toward opening new stores in the U.S.
The company has positioned itself at the heart of the baked goods market, with bakeries in both the US and China. The global bakery product market size was <a href="https://www.imarcgroup.com/bakery-products-market#:~:text=The%20global%20bakery%20products%20market%20was,US%24%20497.5%20Billion%20in%202022.">$497.5 billion</a> in 2022 and is expected to be $625.9 billion by 2028, with a compound annual growth rate (CAGR) of 3.7% during the forecast period. The <a href="https://www.fas.usda.gov/data/china-s-rising-bakery-sector#:~:text=Euromonitor%20International%20estimates%20retail%20sales,States%20(at%20%2467%20billion).">U.S. and the Chinese retail baked goods markets</a> were the largest in the sector, being worth $67 billion and $34 billion respectively in 2020, while the Chinese market is forecasted to jump 53% to $53 billion by 2025.&nbsp;
<iframe width="560" height="315" src="https://www.youtube.com/embed/HdspWUBNFjA" title="YouTube video player" frameborder="0" allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share" allowfullscreen></iframe>
<h2>IPO To Further Strengthen International Position</h2>
Though Chanson International is headquartered in the Cayman Islands, its bakeries are located in the U.S. and China, with 33 stores for its baked goods across China, as well as two in New York City. The company <a href="https://www.iposcoop.com/ipo/chanson-international-holding/">anticipates</a> opening seven new stores in China, as well as eight new US stores this year. The company expects to have 50 stores in total by this year. Funds raised by the IPO will go towards opening stores in the US.
According to their investor presentation, the company made $8.5 million in revenue and $4.1 million in profit in the first half of 2022, for a gross margin of 48.5%. The company manufactures and distributes a range of bakery products and savory food as well as seasonal products and in-house beverages that combined make up its over 700 products. Some stores also include eat-in services, offering 131 menu items and bakery products.&nbsp;
Chanson International has sophisticated distribution channels in both China and the US, including digital platforms, third-party platforms and delivery partners. In China, it has an added level of product stickiness through its membership card initiative, and as of December 2022 the company had around 582,000 members.&nbsp;
Other companies in the bakery market include Hostess Brands (NASDAQ: TNWK) and Ephiphany Cafe, a subsidiary of Starfleet Innotech, Inc. (OTC: <a class="ticker" href="https://www.benzinga.com/stock/sfio#OTC">SFIO</a>).
Featured photo by <a href="http://ir.chanson-international.net/companyinformation.html?type=company">Chanson International Holding</a>
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Photo by Adeolu Eletu on <a href="https://unsplash.com/photos/unRkg2jH1j0">Unsplash&nbsp;</a>
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Investing across three core industries, Starfleet Innotech Inc. (OTCPINK: <a class="ticker" href="https://www.benzinga.com/stock/sfio#OTCPINK">SFIO</a>) is a global asset management company with big expansion plans for 2022.
The conglomerate has offices across Australia, New Zealand, the Philippines, the United Arab Emirates, and the United States, managing holdings in the food and beverage, real estate and technology industries.&nbsp; These three industries represent SFIO&rsquo;s integrated strategy of fueling expansion across new markets, augmented by innovative new technologies. As part of its roadmap for 2022, SFIO continues to make moves to multiply its portfolio holdings.
Bites by Numbers:
<ul>
<li>SFIO signed a joint venture agreement to develop a $50 million eco-luxury health and wellness resort focused on medical tourism.</li>
<li>SFIO signed another joint venture agreement to develop a $100 million &ldquo;condotel&rdquo; resort equipped with community health dashboards and other smart city technologies designed&nbsp; to champion data-driven wellness and flexible work arrangements.&nbsp;</li>
<li>SFIO is in talks with several local investment banks in the Philippines to procure non-dilutive debt financing for its real estate development projects.&nbsp;&nbsp;</li>
<li>SFIO began preliminary work to expand its flagship F&amp;B business Epiphany Caf&eacute; globally. Market research and feasibility studies, including financial modeling, are ongoing, with partnerships already in place to guide the brand&rsquo;s entrance into the U.S. and Asia-Pacific (APAC) markets.</li>
<li>SFIO has acquired an innovation and technology group of companies&mdash;LEENTech Network Solutions, or LNS+&mdash;to enable the digital transformation of each of the conglomerate&rsquo;s businesses.</li>
<li>LNS+ is leveraging its expertise in <a href="https://www.benzinga.com/money/best-blockchain-penny-stocks/">blockchain</a> and artificial intelligence to develop a series of proprietary platforms, including subscription-based management dashboards for real estate and franchise businesses to streamline their processes and increase profitability.</li>
</ul>
Following the path of asset-management titans like Alliancebernstein Holding (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/ab#NYSE">AB</a>) and Affiliated Managers Group Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/amg#NYSE">AMG</a>), SFIO believes it&rsquo;s on track to uplist to the Nasdaq exchange within the next three years.
With SFIO&rsquo;s current listing on the OTC markets, however, early investors may have a unique opportunity to hop on board while it&rsquo;s still in its growth stages.&nbsp;
Click <a href="https://sfio.co.nz/fundraising/">here</a> to learn more about how you can get involved.&nbsp;
This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice.

George Roth, CFO, of Smokefree Innotec, Inc. (<a class="ticker" href="/stock/sfio#">SFIO</a>) announced that it has come to the attention of the Board of Directors of SFIO that the United States Securities and Exchange Commission has issued a press release today naming individuals allegedly engaging in actions which may have involved federal securities law violations, including one that describes SFIO's President Thomas Schroepfer as having participated in a transaction the Company believes involved a total of $40,000 in May 2009. 

As a consequence, Thomas Schroepfer has tendered his resignation which the Board of Directors has accepted effective immediately.

Yesterday, three CEOs have been charged with an illegal penny stock manipulation ring. 

The three CEOs charged include Donald Klein, 40, of KCM Holdings Corp (KCMH); Douglas Newton, 66, of Real American Capital Corp (RLABD); and Thomas Schroepfer, 54, of Smokefree Innotec Inc (<a class="ticker" href="/stock/sfio#">SFIO</a>).

Smokefree Innotec plummeted after the report was released yesterday. Shares closed yesterday down over 80%, moving from about three cents to under one cent.

Read more <a href="http://www.reuters.com/article/2011/06/30/pennystock-fraud-charges-idUSN1E75T18120110630?feedType=RSS&amp;feedName=companyNews&amp;rpc=43">here</a>.

Legal

Three Penny Stock CEOs Charged in Stock Manipulation

George Roth, CFO of Smokefree Innotec, Inc. (OTC: SFIO) stated that today SFIO's European patent attorneys have sent the Company a copy of a letter issued by the European Patent Office 80298 MUNICH, GERMANY, disclosing its "Decision to Grant the patent European pat. appl. no. 08738110.9, Issued on 10 June 2011. The decision will take effect on 6 July 2011." This is a follow up on information previously released regarding the grant of this patent, the issue is now finalized. 

Mr. Roth stated, "As an update for those keenly interested in a day by day progress of the re-opening of the shopping cart, the shipment of 196,000 filters has been released by customs and is on the truck for delivery today to the distributor's assembly location to finalize packaging of new RE/AL e-cigarette starter kits. Watch the website to see soon the removal of the 'Sold Out' sign: <a href="https://store-54586.mybigcommerce.com/products/Basic-Starter-Kit.html.">https://store-54586.mybigcommerce.com/products/Basic-Starter-Kit.html.</a>"

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