DRYWORD Brands Inc. (OTC:IBGR) Stock Falls 10%: Here is Why

This morning, millions of investors are going to hit the markets to track stocks that they think could be in action, and one of those stocks could be that of Dryword Brands Inc. (OTC:IBGR). The premium sports performance brand had been in the news cycle on April 19 after it announced that it had entered into a partnership with the firm Renegade Territory.

Through the partnership, the companies would launch a collection of soccer jerseys in collaboration with Grammy Award-winning musician OPLUS from Cali, Columbia. In the news release, it was noted that OPLUS was a considerably successful artist, song writer, and executive who held significant experience in the entertainment industry, which included film, music, and television. He won the Grammy in 2022 with Sebastian Yatra for the album Dharma.

In the news release, DRYWORD Brands announced that OPLUS would bring new perspectives, relativity, and relatability to content creation, entertainment, and technology. The co-chief executive officer of the company, Brian McKenzie, spoke about the appointment yesterday. He noted that it was an honor to work with OPLUS and calls his skills as a writer, musician, and entertainer to be at the ‘next level’.

In the news release, it was announced that the collaboration, which had been titled ‘8/11’ due to a symbolism for the birth date of OPLUS, would include an initial launch of a trio of soccer jerseys. The soccer jersey designs would be inspired by the spiritual approach to life practices of OPLUS.

The first collection that would be launched through the collaboration would include a home jersey, an away jersey, and a third jersey. The jerseys would also feature a D logo on the right chest and an OPLUS logo on the left chest, and the left sleeve would have Renegade Territory branding. It could be a good time to keep an eye on the DRYWORD Brands stock.