Demand Brands (DMAN) Announces New Board And Management Team

By: Demand Brands
 
SANTA MONICA, Calif. - March 18, 2022 - PRLog -- Demand Brands, Inc. (DMAN) a leading cannabis operating business, hereby announces the official on boarding of a new 4 member board and management team. The new management team found, managed, and operated all businesses acquired by the Company as part of the recent acquisition of CF3 SPVI, LLC ("CF3"), announced on March 7, 2022, and boasts a combined industry experience of over 35 years in cannabis cultivation, processing, distribution, and marketing, dating back to when Proposition 215 legislation was introduced.

The hiring of the management comes at a time when DMAN is aggressively looking to acquire and joint venture with synergistic cannabis companies, especially in anticipation of federal deregulation of cannabis. "We are excited to manage and grow DMAN's operations into a leading cannabis business", said Andrew Colehower, the incoming Chief Executive Officer of the Company, "…our business plan is predicated upon integration, optimization, and innovation. We truly believe in the opportunity for consolidation in the industry and the need to institutionalize the business to optimize supply chain management. The incoming management recently set up a trading desk for wholesale and retail distribution generating $28Mn in revenue per annum. We plan to do the same for the Company as our first order of business, especially in anticipation of entering into an offtake agreement with a 700,000 SF pharma grade cultivator and grower shortly hereafter that will allow us to scale our distribution business to over 200,000 pounds of AAA grade cannabis in the next 18 to 24 months. Currently, we have 236,000 SF and 11 licenses for cultivation and processing and to grow the cultivation and processing side of our business we are also in conversations to acquire the same 750,000 SF facility which would allow us to integrate that relationship fully vertically under DMAN, expand our footprint to dominate the Southern California market share, fully leverage our access to over 250 retail stores through strategic partners, and institutionalize our operations to use best in class SOPs to produce only the highest-grade quality product. In the interest of optimizing our SOPs and further vertical integration, DMAN has exclusive rights to certain microbial technology patents that we will use to manufacture proprietary plant nutrients and crop protection solutions through a strategic partner. Similarly, we are also in conversations to enter another strategic partnership with a payment solutions technology company to build a POS platform for retail cannabis businesses."

Cautionary Note Regarding Forward-Looking Information and Statements. This press release includes "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.
https://www.dman.co/

Contact
Peter Erdekian CEO
ir@dman.co
End
Email:***@dman.co
Tags:Dman
Industry:Architecture
Location:Santa Monica - California - United States
Subject:Executives
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