HOUSTON, TX, Dec. 28, 2017 (GLOBE NEWSWIRE) -- Dewmar International BMC, Inc. (OTC PINK: DEWM), a diversified brand management and operating company, updated its public profile as part of its end of the year message to investors and the new profile highlights the company’s accomplishments in 2017 and hints at a very promising 2018.
Some highlights from the new profile were:
Walmart Stores remains Dewmar’s largest retail partner, selling the company’s products both online and in stores across the Southern U.S. In May 2017, Dewmar and Walmart executed an expanded distribution agreement. The new agreement promotes Dewmar’s products from direct-to-store to central warehouse distribution and more than triples the number of stores stocking Dewmar products, expanding from 22 to 80.
Dewmar’s primary focus remains the expansion of its footprint in the U.S. hemp/cannabis market, which is growing fast with the legalization and adoption of such products for medicinal, nutraceutical and recreational use. Dewmar’s strategy is to diversify its cannabis-related revenue sources with complementary products, services and investments—unlike most small-cap companies in the cannabis business, which typically rely on a single aspect of the market.
In 2017, the company filed provisional patents with the U.S. Patent and Trademark Office for treating lung cancer, Parkinson's disease and post-traumatic stress disorder using cannabinoids. In addition, Dewmar has acquired numerous website URLs to position the company to access patients seeking medicinal marijuana cards in states that have legalized, or are legalizing, medicinal cannabis.
One of Dewmar’s most important strategic initiatives in the cannabis market is relationship-building in Louisiana and Arkansas, both of which have legalized the medicinal use of marijuana. These states are anticipating a windfall in tax revenue from sales of cannabis products, as other states have experienced. Colorado, for example, generated more than $127 million in cannabis-related taxes, licenses and fees in the most recent 12-month period—an increase of almost 50% over the prior year. Dewmar has extensive relationships in both Louisiana and Arkansas, positioning it to compete for a key role in the launch and management of the high growth market for medical marijuana in these states.
Dewmar believes its unique combination of cannabis expertise and personal connections at Southern University and LSU give it an advantage against competing groups. For example, Dr. Derrick Brooks, who sits on Dewmar’s board of directors and is an expert on the therapeutic outcomes of cannabis formulations, was a key contributor to one of the proposals to partner with Southern University on its Louisiana medical marijuana cultivation license.
Dewmar also diversified its food business by entering into an agreement with KW Brands, the licensing arm of Willie Robertson’s “Duck Dynasty” franchise, under which Dewmar will operate Willie’s Duck Diner in West Monroe, Louisiana.
“I am expecting a very promising 2018 where we are starting off the new year with a renewed spirit and focus toward those business modalities that earn us shear revenue as we further trim the fat off any business practices that seemingly cause waste,” said Dr. Marco Moran, Dewmar International CEO. “We are eager to hear the decision to be made in early 2018 from the state of Arkansas on the new cannabis licensees as well as to working with the writers and producers for the Bama Granny’s movie and with members of the Robertson Family on a new cooking show that we hope to film in early Spring 2018 in West Monroe at Willie’s Duck Diner,” Dr. Moran continued.
The new profile can be found by clicking on the following link: http://www.dewmarinternational.com/ceo-message/
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a 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, as well as introducing new simple yet meaningful innovations to markets of great demand. The Company's flagship product, Lean Slow Motion Potion, whose flavors include Yella, Purp and Easta Pink, is rated as one of the top 3 national selling relaxation beverages in the U.S. market and the company has the number one selling relaxation brownie, Kush Cakes, in the market today. The company has offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans, LA.
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