Business
DNA Brands discusses OTC Current Status and Recaps 954Solar Acquisition.
DNA Brands discusses OTC Current Status and Recaps 954Solar Acquisition..
About this update from Dna Brands, Inc.
[{"type":"text","content":"DNA Brands Inc., (OTC PINK: DNAX) is pleased to announce that the OTC Markets has completed its due diligence and analysis of the filings by DNA Brands. The company has once again been designated as \"Pink Current Information.\"Adrian McKenzie, President and CEO of DNA Brands Inc explains, \"Now that DNA has once again been designated by OTC Markets as “Current” in its filings, and is also current with the Colorado Secretary of State, this completes the first step in getting back to business and expanding the company for growth through acquisitions.”As a recap, DNA Brands Inc., completed an acquisition of 954Solar LLC, now a wholly owned subsidiary. This acquisition was closed in late March 2020, however, DNA brands had fallen out of compliance with the OTC markets, plus coupled with the Covid 19 Pandemic, this news pretty much went unnoticed. Both companies had been in talks for several months. After signing an LOI (Letter of Intent) DNA completed the necessary due diligence to make an offer that was accepted by 954Solar. With 954Solar now under the DNA umbrella as a wholly-owned subsidiary, DNA and 954Solar will now focus on an expanded roll out of 954Solar as a solar digital marketing and consulting firm that brokers solar projects at a national level. Focusing on solar friendly states such as but not limited to: AZ, CA, FL, IL, NJ, NY and TX, 954Solar has identified a unique solar sales platform that can be scaled at an infinite level. With a planned call center and an online sales presence, DNA believes this platform will be very disruptive to the solar industry. Andrew Ferrin, CEO of 954Solar will run the operations of 954Solar. Over the course of the 2021 season, he is looking at possibly transitioning to a position within DNA Brands Inc.According to IHS Markit who trade on the NYSE:“Global solar installations will continue double-digit growth rates into the new decade, according to the new 2020 Global Photovoltaic (PV) Demand Forecast by IHS Markit, a world leader in critical information, analytics and solutions. New annual installations in 2020 will reach 142 gigawatts (GW), a 14 % rise over the previous year.”http://news.ihsmarkit.com/prviewer/release_only/slug/bizwire-2020-1-7-solar-installations-to-grow-by-additional-142-gw-in-2020-sev...