Dewmar also reports on Current Status at OTC Markets
Denver, CO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Dewmar International BMC, Inc. (OTCPINK: DEWM) issues this report congratulating lawmakers on the passing of the 2018 Farm Bill which legalizes industrial hemp. This has as an immediate, positive impact on Dewmar’s 100% owned subsidiary, United States Hemp Corporation.
In a rare but overwhelming bi-partisan vote, the 2018 Farm Bill was approved by the Senate with a vote of 87-13 and the 2018 Farm Bill was approved by the House in a landslide vote of 369-47. The President of the United States is expected to sign the bill and for the first time in decades, companies like United States Hemp Corporation will be free to grow hemp and sell hemp products and possibly CBD (cannabidiol) legally in the United States.
United States Hemp Corporation was formed in 2014 in the State of Nevada. The subsidiary was instrumental in assisting Dewmar in creating the Kush Cakes formula which, as our most loyal supporters know, KUSH CAKES contains hemp. We are only one in a small handful of public companies that has had a subsidiary in business for over 4 years that has actually created and sold a product containing hemp. The new and massive 2018 Farm Bill may open up the floodgates of opportunities for United States Hemp Corporation.
As a result, our company is in the process of determining in which state it may need to strategically open an office in order to be better positioned to take full, immediate advantage of all the Farm Bill has to offer for corporations that plan to be on the forefront of generating serious revenues from industrial hemp.
Dewmar International and the United States Hemp Corporation also congratulate Senate Majority Leader Senator Mitch McConnell who worked tirelessly on the Farm Bill to finally legalize industrial hemp in the country. The Senator commented on his official Twitter account, “Making it official with my hemp pen! Proud to have served as conferee on #FarmBill & to fight for #Kentucky priorities. With today's signature, my provision to legalize industrial #hemp is 1 step closer to reality. Looking forward to voting YES on this bill & sending to @POTUS”.
In 2015, Dewmar’s subsidiary was a very early stage investor in New West Genetics, a leader in hemp seed genetic technologies. Dr. Marco Moran, CEO & Founder of Dewmar, stated, “I am very glad that I spent significant amounts of time with Dr. John McKay, co-founder of New West Genetics in the past to get a clear and detailed understanding of the vast opportunity and great potential in advanced hemp seed technology. Our past investment in hemp seed technology was one of the best moves approved by Dewmar that can yield a high return in the near future for our shareholder base.”
Yesterday, New West Genetics issues a press release announcing a $3 million capital raise that supports the ramping up of its R&D program. “New West Genetics will deploy this new capital to bring about a transition in the hemp industry, from small-scale, often greenhouse-grown cultivars to a high-yielding sustainable crop with consistent quality, grown from proprietary seed," said Wendy Mosher, New West Genetics CEO. "We are accelerating our product pipeline, expanding product testing and production into new regions, and recruiting key leadership to our operating team."
It is anticipated that the seeds and technologies being produced now and in the future by New West Genetics will be one of the most sought-after commodities in the United States. The company creates varieties that combine rich profiles of cannabinoids with superior plant characteristics; with crops that are adapted to local soil and climate conditions, are pest resistant, and possess multiple other high-yielding traits.
Marco Moran further commented, “We have once again achieved current status at OTC Markets by updating all of our financials. Over the past few weeks, we have launched a new business, www.MarijuanaEmail.com which potentially has worldwide implications and announced our plans to market and license Kush Cakes in Canada next year. We are very excited about the legalization of industrial hemp which although is decades late in the making, has placed Dewmar in an enviable position.”
Although Dewmar executives readily admit that they have been relatively quiet in 2018, the financial markets should not mistake the fact that less news means less progress. As the market and hemp investors can clearly see, Dewmar and its subsidiaries are making strong and rapid progress to close out the year as they anticipate a fruitful 2019 as the federal government embraces industrial hemp farming.
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a certified service-disabled veteran business concern, new product development, manufacturing and brand management company. Established in 2003, Dewmar’s primary business strategy has been in creating high profit margins with functional foods and beverages, such as Lean Slow Motion Potion, which is rated as one of the top 3 national selling relaxation beverages in the U.S. market and Kush Cakes relaxation brownies. The company has offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans, LA. Dewmar owns the cannabis industry dispensary-to-consumer site www.MarijuanaEmail.com which serves as a unique online portal that connects marijuana dispensaries with their customer base throughout North America.
About United States Hemp Corporation
United States Hemp Corporation, a wholly-owned subsidiary of Dewmar International BMC, Inc., was formed in 2014 in the State of Nevada whose primary goal is to promote the cultivation, research and new product development of hemp based nutraceuticals, industrial goods and consumer goods in the United States to be shared with the World. The U.S. Hemp Corporation's staff is to make every concerted effort to be the leader in the marketing, sales, promotions and distribution of hemp products both with a primary goal to take pride in the Made in America mantra as to enhance the economic benefit of U.S. citizens as it provides quality products for sale locally and for worldwide export. Unites States Hemp Corporation has created a wholly-owned subsidiary by the name of Cannabis Intellectual Property Holdings, LLC in order to protect a number of medical cannabis intellectual property assets.
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