WATSONVILLE, CA -- March 24, 2022 -- InvestorsHub
NewsWire -- Demand Brands, Inc. (OTC PINK:DMAN), ("Company" or
"DMAN") https://dman.co/, a business that strategically
invests in and acquires Cannabis related companies with vertical
integration at the heart of its core strategy, and has strategic
brand and white label partnerships with Revelry Supply Co., HIGH
TIMES, TruLeaf, GrupoFlor, CanEx., and other top tier industry
names. On March 17, 2022, DMAN entered a significant Supply
Agreement ("Agreement") with Sun Supply LLC.
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. Please see video
tutorial of the facility
GHP Site
Flyover
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"
As market demand changes due to the highly anticipated federal
deregulation, GHP Holdings plans to expand the campus to an
additional 3 million SF of greenhouses and 1 million SF of
production facilities for a total of 5.7 million SF. "Since the
inception of Sun Supply LLC, our goal has been to team with a
best-in-class distribution and vertical integration partner.
Today's announcement and contract signing with DMAN fulfills that
goal and marks the beginning of a unique and fully integrated
cultivation and distribution arrangement. We look forward to a long
and prosperous relationship", commented Don Reich, CEO at Sun
Supply LLC.
The first phase requires a total capitalization of $245 million.
GHP Holdings LLC and DMAN are in conversations to provide DMAN an
option to make a preferred equity investment into the first phase
with an option to acquire an interest in the real estate. DMAN is
currently in conversations with various capital groups to raise the
preferred equity investment. GHP Holdings LLC has invested over $15
million into the first phase of this project which is now permit
ready. GHP Holdings LLC is equipped to expand this facility in
tandem with our relationship with Sun Supply and DMAN as market
demand grows. GHP Holdings LLC truly believes that the DMAN Sun
Supply partnership is a phenomenal undertaking to capitalize on the
opportunity for consolidation in the industry and the need to
institutionalize the business to optimize supply chain
management.
Sun Supply LLC is the exclusive tenant/operator of this special
purpose, permit ready large scale cannabis greenhouse development
and enterprise. Sun Supply LLC has a highly experienced team with
extensive knowledge in cultivation, facilities management, and
compliance:
CEO - Don Reich
As CEO of Sun Supply, Mr. Reich will manage a world class team
of facility operators, experienced agronomists and experts in all
areas of cannabis production. In addition, Mr. Reich's role at Sun
Supply LLC will be to ensure compliance with all Federal, State and
Local regulations. He has extensive experience in risk management
and liability minimization. He will also be involved to ensure that
Sun Supply's operations are documented and all SOPs are developed
and maintained so that operational continuity will be guaranteed in
any and all contingencies.
In addition to his experience in Occupational Health and Safety,
his Environmental Safety and Industrial Hygiene expertise will
greatly benefit Sun Supply's operations. Mr. Reich has 30 years of
complex project management experience. He has directly managed the
design and development of complex data acquisition and processing
systems for numerous state and federal agencies and private
entities. His experience in complex data analytics will help ensure
that Sun Supply's yields and operational goals are met
Mr. Reich holds 20 United States patents. His inventions include
technology for the storage and transportation of radioactive
materials, systems for the automatic notification that a 9-1-1 call
has occurred, automatic crash notification systems and the analysis
and routing of wireless 9-1-1 calls. His degrees include a Bachelor
of Science and a Master of Science from The University of Southern
California.
VP of Cultivation - Chris Vaos
Christopher Vaos has been involved in the legal cannabis
industry since 2009 and has been cultivating cannabis commercially
since 2005. Originally born in Athens, Greece but grew up in Miami,
Florida; Christopher earned a Bachelor's degree in Electrical
Engineering from Florida Atlantic University. In 2009, he built and
ran one of the first licensed cultivation facilities in Boulder,
Colorado. Since then, he has been working as an industry leading
consultant, assisting facilities with design, construction,
scaling, plant health, IPM, horticultural, new licensing and
applications. Christopher has held various Director and C-suite
positions at some of the top brands in the Western US, with over
500,000 square feet of combined canopy experience. Christopher has
worked with licensed facilities in Colorado, Washington,
California, Oregon, Puerto Rico, Oklahoma, and Florida, working
with a data-driven and science-based approach to cultivation with a
great track record of success and industry leading cost
optimization.
VP of Facilities Management - David
Hutchinson
David Hutchinson possesses a well-rounded work history, having
obtained VP Operational level experience within one of the largest
production facilities in the industrial agriculture sector. Most
recently, David has worked as the VP of Operations for Sun Select
Produce, a producer with 64-acre facility all under glass, growing
hydroponically produced vegetables, utilizing modern, state of the
art climate computer control systems. David has deep working
knowledge of agricultural systems required for todays automated
production and hands on level troubleshooting experience with
complex network protocols. David earned a Bachelor's of Science
Degree in Biology, BSc., at Nicholls State University.
Director of Cultivation and Compliance - Blake
Nilsen
Industry-leading professional with expertise in all facets of
cannabis cultivation & distribution, brand positioning,
business development, and corporate strategy planning &
execution. Possesses unique insights into product development and
cultivation derived from extensive and longstanding knowledge of
the industry. He has overseen large scale cannabis productions
during peak growing seasons while coordinating with cultivation
managers to optimize the performance of cultivation and extraction
facilities. Blake earned a Bachelor's of Science Degree in
Cellular/Molecular Biology, Humboldt State University, Arcata, CA
and a Minor in Business, Humboldt State University, Arcata, CA.
Demand Brands, Inc. (OTCPK:DMAN),
("Company" or "DMAN"), is a holding company that invests in and
acquires cannabis cultivation, processing, wholesale and retail
distribution, and brand management and related businesses. Over the
course of 25 years, the Company has refined and perfected seed to
sale processes with innovative solutions ranging from cutting-edge
patented AgTech technologies to robust business models that
optimize the cannabis supply chain to capture value at every stage
of the supply chain.
For more information, please go to: https://dman.co
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",
"projects" "will", or "plans" to be uncertain and forward looking.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the company's reports and registration statements
filed with the Securities and Exchange Commission.
PRESS CONTACT
ir@dman.co
+1 (415) 685-0317
SOURCE: Demand Brands, Inc.
Demand Brands (PK) (USOTC:DMAN)
Historical Stock Chart
From Nov 2024 to Dec 2024
Demand Brands (PK) (USOTC:DMAN)
Historical Stock Chart
From Dec 2023 to Dec 2024
