Don Hunter, the new Chief Executive Officer and Chairman of Dewmar International BMC Inc (OTCMKTS:DEWM), is pleased to issue an update to the shareholders. The previous CEO, Marco Moran, also stepped down from the board of directors. Mr. Fenton would join the board of directors of Dewmar. The company will also expand the board with new directors.
Discontinues association with the Lean brand
Dewmar decided to discontinue the association with the Lean brand because it is not generating any profits. Hunter praised the efforts of Marcon, but the Lean brand doesn’t meet the revenue goals of Dewmar. The company will promote brands that are capable of generating revenues of at least $25 million. Going forward, Dewmar would focus on industrial hemp-derived products and growing hemp.
Kush Cakes brand fits the profile of Dewmar
According to Hunter, the Kush Cakes brand is a perfect fit for the company’s business strategy and plans. Kush Cakes brand currently sits in the US patent and Trademark Office (USPTO)’s supplemental register. The company will put in efforts to move the brand to the USPTO’s principal register to improve the value of the trademark. Dewmar also applied for the protection of trademark in Canada because it plans to sign license accords to promote Kush Cakes brand in that nation.
Hunter said he joined the company as CEO and Chairman on realizing the potential of the Kush Cakes brand and the trademark. The brand is underutilized and will put in significant efforts to make one of the recognized brands in hemp.
Dewmar expects to complete the process of bringing the company to fully current status on the OTC markets in two to three weeks. It will also initiate the process of becoming a fully reporting company with SEC. This will help the company to mobilize funds and execute business plans.
Hunter said Dewmar would also take steps to trade on NASDAQ and improve shareholder value. NASDAQ listing will also help the company to collaborative accords with large companies.
Dewmar would carry out the business operations through its Nevada based subsidiary – United States Hemp Corporation, which played a vital role in making the Kush Cakes recipe that comprises hemp. The company will also issue an update on its financials at OTC Markets.
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