Business
Dewmar International BMC, Inc. (DEWM) Releases Shareholder Update and Unveils Canada Strategy and Hint at New Business Segment
Dewmar International BMC, Inc. (DEWM) Releases Shareholder Update and Unveils Canada Strategy and Hint at New Business Segment.
About this update from Dewmar Intl Bmc Inc
[{"type":"text","content":"\nHOUSTON, Nov. 27, 2018 (GLOBE NEWSWIRE) -- via OTC PR WIRE-- Dewmar International BMC, Inc. (OTCPINK: DEWM) is pleased to announce this very important shareholder update.  We are very confident that Dewmar has a bright and exciting future. Over the past few months, new potential business opportunities have been presented to Dewmar and we are excited to unveil these opportunities for the first time.\n Our three near term primary focus items are: 1) the continued sales of our flagship beverage Lean Slow Motion Potion, 2) the sale and promotion of the Kush Cakes brand and product; and, 3) a new business opportunity that involves launching a platform for cannabis dispensaries and its customers throughout North America. Lean Slow Motion Potion has been sold by our Company since its inception in September 2009 through the U.S. and abroad. “Lean has stood the test of time since the initial relaxation beverage boom in 2008; by 2010 over 50 new relaxation beverages hit the U.S. market with Lean now being one of the last few remaining top selling relaxation brands being sold throughout the country today,” says Dr. Marco Moran, Chief Executive Officer of Dewmar.  Dewmar plans to continue to manufacture and sell Lean at a 40 to 50% gross profit margin at its wholesale prices to meet the demand from its loyal customers and distribution base across the U.S. Over the past twenty-four months, Dewmar has experienced a very significant, growing interest in the Kush Cakes brand and trademark.  As our loyal shareholders know, we re-launched Kush Cakes on April 20, 2015 at the Big Industry Show in Denver, Colorado. From the moment we launched Kush Cakes, there was an immediate interest from distributors to carry the Kush Cakes product primarily because the brand name resonated with both distributors and consumers alike. Currently, we estimate that our distributors cover less than 10% of the United States marketplace which has resulted in several hundred thousand dollars in annual revenue. If we covered the bulk of the continental United States market today primarily thru smoke shops and some traditional C-store retailers, our revenues for Kush Cakes alone would be in the range from $2,000,000 to $3,000,000 annually.  With above average industry gross margins, we believe this initial level of revenue is attainab...