Why Mangoceuticals Stock Is Rising Today

Mangoceuticals, Inc. MGRX shares are up Thursday after the company announced that it will be a new sponsor for Barstool Sports' "Only Stans" podcast.

What To Know:  MGRX co-founder and CEO, Jacob Cohen spoke about why this partnership makes sense, saying, "We couldn't be more excited to have the opportunity to sponsor the hugely popular Only Stans podcast. It isn't easy to find, land, and execute a sponsorship this on-target from a branding perspective."

"This is a wildly popular podcast with a massive audience that resonates especially well with our target market. And we are thrilled to have access to that audience to help them truly appreciate our product benefits."

The company plans on sponsoring at least 8 episodes of the podcast, which averages more than 320,000 listeners per episode, over the next two months.

Cohen went on to emphasize the objectives of the company, including growth-oriented marketing and additional sponsorship deals with similar media opportunities in the future.

Company representatives expect significant new interest among both customers and prospective investors.

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MGRX Price Action: Shares of MGRX were up 12.7% at $1.67 at the time of publication, according to Benzinga Pro.

Image by Steve Buissinne from Pixabay