cinnamon is a spice. It is not going to cure a fungal or bacterial infection, whatever the case may be. something that has 'anti-fungal' properties doesn't actually mean it is effective, and sadly that's most things when it comes to fungi. It's a hardy lifeform. Keep the stem dry as you can and good airflow. This is the risk of burying the stem to correct stretching.
either you had bad luck or it stayed far too wet for far too long around the stem and it got an inevitable infection. The only thing you can do is to keep that portion of the trunk as dry as you can. Maybe, pull the medium away from it slightly, without exposing roots, of course.
previously said top the medium off, but was unaware of microbial infection. Obviously, don't stack up moisture retaining medium against the infected trunk.
still need to water properly or it'll just make matters worse. Maybe, allow a little extra dryback than normal, but don't let it wilt. Superficial roots are a sign of poor watering habits, adapt to previous instructions if you haven't.