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Demand Brands Receives $390 Million Valuation From Stanton Park Advisors, Llc
Demand Brands Receives $390 Million Valuation From Stanton Park Advisors, Llc.
About this update from Demand Brands, Inc.
[{"type":"text","content":"WATSONVILLE, CA / ACCESSWIRE / May 12, 2022 / Pacific Technologies Group, Inc. AKA Demand Brands, Inc. (OTC PINK:DMAN), ("Company" or "DB") http://dman.co, a leading vertically integrated cannabis company, is pleased to announce the receipt of CF3 SPV I, LLC's ("CF3") Fair Market Valuation ("Valuation Report") from Stanton Park Advisors, LLC ("Stanton"). The Valuation Report indicates that the fair market value of CF3 as of February 12, 2022, is $390,808,000 (rounded) on a 100% equity value basis.Delivery of the Valuation Report was a closing condition of CF3's acquisition by Demand Brands. With the delivery of this Valuation Report, CF3 has satisfied all conditions to close the acquisition of CF3 by DB.In Stanton's valuation of the Company, Stanton used the income approach. Stanton analyzed the Company's projected cash flows and benchmarked the terminal cash flow against Comparable Public Companies to create a discounted cash flow analysis. In developing the discount rate, Stanton relied on the Capital Asset Pricing Model (CAPM) to develop the cost of equity using the 2016 Valuation Handbook from Duff & Phelps.The Valuation Report was prepared by Jon Taylor, Managing Partner of Stanton. Mr. Taylor has approximately 18 years of business valuation, merger & acquisition advisory, and capital raising experience. He has completed more than 1,000 business valuation assignments in his career with companies in virtually every industry from divorce, litigation, expert testimony, estate planning, and gift tax, to 409a compliance, partnership buyouts, intangible asset appraisal, purchase price allocation, bankruptcy, and income determination purposes. Jon founded Stanton Park in 2012 to provide financial advisory services to small and medium-sized businesses nationwide. Prior to Stanton Park, he was a Vice President with Moss Adams Capital and Capstone Partners. Mr. Taylor has a BS in Economics with a concentration in finance and real estate from the Wharton School at the University of Pennsylvania and an MBA from the McDonough School of Business at Georgetown University. He is a Certified Valuation Analyst (CVA) with the National Association of Certified Valuators and Analysts (NACVA).About Demand BrandsDemand Brands is a publicly-traded company that has vertical integration, opti...