WellNetIQ Review: CannaCare CBD oils & supplements

WellNetIQ is a German MLM company and operates in the nutritional supplement MLM niche.

Heading up WellNetIQ we have Executive Director Tilman Spangenberg (right).

As per Spangenberg’s WellNetIQ corporate bio;

Tilman Spangenberg began his career by studying economics and business administration with a focus on strategic planning and corporate management.

With his thesis on practical aspects of early recognition of opportunities and risks in the corporate environment, he earned a doctorate in economics.

In 2003 he entered business and became a professional in financial consulting and direct sales.

Spangenberg’s LinkedIn profile doesn’t reference any MLM companies. From 2006 to signing on with WellNetIQ in October 2022, Spangenberg worked at a chemical manufacturer, pharmaceutical company, heater manufacturer and CannaCare

CannaCare is a German manufacturer of “high qualify CBD products”. An
August 2023 press-release from Carlsquare
cites Frank Otto as “the single largest shareholder” in CannaCare.

This leads us to a June 2023 article from Direct Selling Magazine, citing Otto and Michael Oplesch as founders of WellNetIQ.

“Our cold pre-launch phase is coming to an end. “All the foundations have now been created to be able to offer potential sales partners an all-round optimal business model,” sums up CEO Dr. Tilman Spangenberg.

“The hot pre-launch of WellNetIQ is scheduled to begin in October 2023.”

The previously linked Carsquare press-release above covers Otto’s August 2023 investment into SynBiotic SE.

Serial entrepreneur Frank Otto has invested in SynBiotic SE (“SynBiotic”), one of Germany’s leading listed CBD specialists.

Frank Otto’s investment comes as the SynBiotic group merges with CBD specialist CannaCare Health GmbH, where Frank Otto is the single largest shareholder today.

As part of his investment, Frank Otto will become a major shareholder in SynBiotic, reflecting his confidence that SynBiotic will secure a pre-eminent position in the booming market for hemp products.

Another
August 2023 press-release from SynBiotic SE
references WellNetIQ as a “marketing subsidiary” of CannaCare.

Putting all of this together, we have Frank Otto as the effective owner of CannaCare and SymBiotic SE, whose products are marketed and sold through the MLM company WellNetIQ.

Presently WellNetIQ appears to only be active in Austria. As of April 2024, SimilarWeb attributed 100% of WellNetIQ’s ~416 monthly website visits to Austria.

Read on for a full review of the WellNetIQ MLM opportunity.

WellNetIQ’s Products

WellNetIQ markets a range of CBD supplements, manufactured by Frank Otto’s other companies; CannaCare and SynBiotic SE.

IQ Power Mini – 275 mg CBD oil, retails at 30 EUR a bottle

IQ Power Basic – 450 mg CBD oil, retails at 45 EUR a bottle

IQ Power – 825 mg CBD oil, retails at 86.25 EUR a bottle

IQ Power Plus – 1500 mg CBD oil, retails at 136.25 EUR a bottle

IQ Power Plus Spray – 1500 mg broad spectrum CBD oil, retails at 140

🤖 Quick Answer

What is WellNetIQ's business model and market focus?

Who leads WellNetIQ's operations?
WellNetIQ is headed by Executive Director Tilman Spangenberg, who holds a doctorate in economics with specialization in corporate strategic planning and risk management.

What is Tilman Spangenberg's professional background?
Spangenberg studied economics and business administration, completing doctoral research on early corporate opportunity and risk recognition. From 2006 to 2022, he worked in the chemical and pharmaceutical manufacturing sectors before joining WellNetIQ in October 2022.

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