- Demand Brands ( OTCPK:DMAN ) has signed a Letter of Agreement to acquire, in an all-stock transaction, three synergistic operational businesses, which we anticipate closing in the Q1 2023, that will add an estimated $1M in revenue in the first year.
- This Transaction is part of the Company's focus on building its capabilities in the medical segment and marks the first step in this direction.
- "This transaction furthers Demand Brands' mission of expanding our vertically integrated business model into a multi-state operation and advances our plans on capturing the medical cannabis market," said Kevin Sparks, CEO of Demand Brands.
For further details see:
Demand Brands signs agreement to acquire new businesses