News By Tag
News By Place
Follow on Google News
Demand Brands (DMAN) Enters Into Exclusive Arrangement With Sun Supply LLC
Arrangement With Sun Supply LLC To Distribute 180k LB's Of Pharma Grade Cannabis A Year
By: Demand Brands
Sun Supply is the exclusive operating tenant for GHP Holdings LLC, which is developing a 300-acre site in Southern California to build a campus which will comprise of 5.7 million SF of pharma grade greenhouses and production facilities. The first phase consists of 500,000 SF greenhouse which will yield up to 180,000 lbs. of AA and AAA Grade flower, annually.
The Agreement secures 180,000 lbs. annually of Cannabis flower for DMAN to sell through its retail and wholesale distribution channels and is forecasted to increase top line revenues by as much as $258 million per annum for DMAN. DMAN CEO Andrew Colehower commented, "The DMAN Sun Supply relationship has been in the making for the past 6 months. This represents a partnership with a Multi-State Operator which will allow DMAN to enter the 3.0 Tier of Cannabis, one that consists of large-scale pharma grade GMP certified facilities.Sun Supply will provide us with high volume, premium, consistent, THC rich, pharma grade cannabis. We have already commenced efforts to expand our robust trading desk and enter distribution agreements with top tier brands to sell the Sun Supply cannabis. This is a major addition to the Demand Brands portfolio"
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. In addition to statements which explicitly describe such risks and uncertainties, readers are urged to consider statements labeled with the terms "believes", "belief", "expects", "intends", "anticipates"
Peter Erdekian CEO