Business
New Dewmar International BMC, Inc. (DEWM) Investor Profile Says Dewmar is Poised for Growth in 2018
New Dewmar International BMC, Inc. (DEWM) Investor Profile Says Dewmar is Poised for Growth in 2018.
About this update from Dewmar Intl Bmc Inc
[{"type":"text","content":"\n\n 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.\n 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 th...