Santo Mining Corp (OTCMKTS:SANP) Climbing Up The Charts

Santo Mining Corp (OTCMKTS:SANP), operating as Podwerks, is the latest stock to draw our attention. The company has not only a very innovative business model and cannabis co-working space, it is also signing interesting agreements with international operators such as Chongqing Yuhuan Technology Co., Ltd. and An Nguyen Container Company.The announcements are making the market push up the share price. From $0.0002, the share price has gone to $0.0008 in a very short period of time. For those who need a calculator, that is a 300% return.Have a look at the recent share price action before we provide more details: 10 days chart for SANPBusinessPODWERKS operates as a co-working space for cannabis entrepreneurs in the United States. The company helps entrepreneurs grow and sell marijuana products. The business goal is the creation of a community, so that an affordable, scalable and safe business environment is provided to customers.There are three types of pods:

• Growing pods, or nursery, production, and drying
• Office space pods, or desk space, Wi-Fi, printers, copy machines, meeting rooms, and snacks
• Retail space pods, or coffee shop, and Hardware supply shop

We found quite a lot of good information on the company's website, but we believe that the following video is the best way to show this new innovative business:[embed]https://player.vimeo.com/video/220920353[/embed]SourceRecent DevelopmentsThe following two agreements were, in our opinion, responsible for the recent share price increase.On August 24, 2017, the company and Nguyen Container Company in Ho Chi Minh City, Vietnam, agreed that Nguyen would be the new manufacturer of grow containers for SANP. Franjose Yglesias, CEO of PODWERKS, explained that the company will benefit from the high growth in Asia and will be able to produce a more competitive product:

"We believe with this new alliance we will increase productivity, quality and the bottom line, which we will pass on to our clients." Source

Additionally, on September 29, 2017, Chongqing Yuhuan Technology Co., Ltd. signed a Letter of Intent with Santo Mining Corp., under which the companies will merge to create "Canoe Pool America." The following terms were highlighted:

• SANP will issue 150 million shares of preferred stock of SANP and 50 million additional shares of preferred stock to Canoe Pool when some goals are achieved.
• Canoe Pool will be able to elect three directors to the SANP Board of Directors.
• The merger is conditioned on other conditions including due diligence, regulatory approvals, etc.

Regarding this merger, we need to be very alert, as the press release noted that the transaction is expected to close in the next 30 to 45 days. When the merger closes, we expect the share price to jump.We appreciate the following words of Franjose Yglesias, CEO of SANP:

"This new group will constitute an excellent platform for growth in the American cryptocurrency market and cryptocurrency mining pool, I'm excited to bring this merger to our shareholders. Both companies complement each other in all the right places. During the next few weeks, we will be evaluating many aspects of this merger, including new directorships to guide the company into the future." Source

Share Structure, Financials and ConclusionThe following is information about the amount of shares outstanding and the float. It can help those willing to calculate the per share figures from the balance sheet:Authorized Shares9,500,000,000a/o May 22, 2017Outstanding Shares3,091,649,498a/o May 22, 2017-RestrictedNot Available-UnrestrictedNot AvailableHeld at DTCNot AvailableFloat3,016,649,498a/o May 23, 2017Par ValueNo Par ValueSourceCurrently trading with a market cap of $2 million, SANP is an exciting story among small caps. With $262,000 in total assets and only $49,000 in total liabilities reported in the last 10-Q, SANP looks to keep the momentum going over the next few months. In our opinion, the most interesting developments are the new agreements signed recently that have the potential to deliver substantial revenue growth. If all goes according to play, look for the stock price to keep climbing.We will be updating our subscribers as soon as we know more. For the latest updates on SANP, sign up below!Image courtesy of Arek via FlickrDisclosure: We have no position in SANP and have not been compensated for this article.