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Demand Brands, Inc. (OTC PINK:DMAN) released its Annual Shareholder Letter on January 10, 2022, from CEO Kevin Sparks. The company emphasizes its focus on vertical integration within the cannabis industry and its strategy to invest in, acquire, and partner with synergistic cannabis companies. Demand Brands aims to optimize its operations into a multi-state platform covering all stages from cultivation to sale. Investors are advised to pay attention to the company’s forward-looking statements, as actual results may vary due to various operational risks and uncertainties.
Demand Brands (OTC PINK:DMAN) announced the signing of a Letter of Agreement for an all-stock acquisition of three businesses, expected to close in Q1 2023. This strategic move aims to enhance its capabilities in the medical cannabis sector and is projected to generate approximately USD 1 million in revenue in the first year. Key acquisitions include L Grove MMJ Park, a cultivation operation in Oklahoma; Hello Mary Inc, a B2C cannabis software platform; and MediGrow LLC, a future cannabis campus in California.
Demand Brands, Inc. (OTC PINK:DMAN) has appointed BF Borgers CPA PC as its new auditor as of June 22, 2022. This initiative aims to enhance the company's financial reporting and compliance, leading to the filing of a registration statement post-audit completion. The audit will adhere to GAAP and PCAOB standards, ensuring thorough examination of the company's financial statements. Management expressed commitment to improving shareholder relationships and plans to engage a securities law firm to expedite the registration process.
Demand Brands (OTC PINK:DMAN) has finalized a contract farming agreement with TruLeaf, Inc. to cultivate fresh frozen cannabis flower through its subsidiary, Viridi Farms. The deal is projected to generate $8.5 million in revenue, with 50% of the profits allocated to Demand Brands. The cultivation process is set to begin in June 2022, aiming for a yield of 50,000 lbs. of wet cannabis, expected to translate into 560,000 grams of rosin. This move positions Demand Brands to expand its retail presence in the live rosin market.
Demand Brands, Inc. (OTC PINK:DMAN) announced a key milestone in Q1 2022, acquiring CF3 SPV 1, LLC, significantly enhancing its vertical integration strategy. The acquisition is expected to increase shareholder value, with CF3 generating $4.1 million revenue and $1.4 million adjusted EBITDA for 2020-2021. A recent valuation indicates a fair market value of $390.8 million for CF3. Demand Brands aims to achieve significant growth through strategic acquisitions, targeting expansions in cannabis operations and brand management.
Demand Brands, Inc. (OTC PINK:DMAN) announced the receipt of a Fair Market Valuation Report from Stanton Park Advisors, indicating a valuation of $390.8 million for CF3 as of February 12, 2022. This report was a closing condition for Demand Brands' acquisition of CF3, which is now satisfied. Stanton employed an income approach and a discounted cash flow analysis to reach this valuation. Demand Brands focuses on vertical integration in the cannabis industry.
Demand Brands, Inc. (OTC PINK:DMAN) announced on April 27, 2022, the release of financial statements for its recently acquired subsidiaries, CF3 SPV I, LLC, Viridi Farms, and Zenith Land Management. The acquisition was finalized on February 22, 2022. The financial statements cover the historical performance of the subsidiaries for 2020 and 2021, and while not audited, they provide insights into the company's financial health. Shareholders can find these documents in the Investor Relations section of the Demand Brands website. A shareholder letter detailing the acquisition milestones is expected in early May.
Demand Brands, Inc. (OTC PINK:DMAN) has entered a significant Supply Agreement with Sun Supply LLC to distribute 180,000 lbs of premium cannabis annually, which could boost revenues by $258 million per year. This partnership leverages Sun Supply's 5.7 million SF greenhouse project in Southern California. DMAN aims to capture market opportunities, particularly with potential federal deregulation. The first phase of the greenhouse requires $245 million in capital, with DMAN exploring equity investment options.
Demand Brands, Inc. (DMAN) announced the onboarding of a new four-member board and management team, following the acquisition of CF3 SPVI, LLC. The new team brings over 35 years of combined experience in cannabis operations. DMAN aims to aggressively pursue acquisitions and joint ventures in anticipation of federal cannabis deregulation. Plans include establishing a wholesale and retail distribution trading desk, potentially generating $28 million annually. The company currently holds 236,000 square feet and 11 licenses for cultivation and processing, with plans for further expansion in Southern California.
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