Demand Brands Signs Agreement to Acquire New Businesses

WATSONVILLE, CA / ACCESSWIRE / January 4, 2023 / Demand Brands, Inc. (OTC PINK:DMAN), (“Company” or “Demand Brands”), a leading vertically integrated cannabis company, is pleased to announce it has signed a Letter of Agreement (the “Agreement”) to acquire, in an all-stock transaction (the “Transaction”), three (3) synergistic operational businesses, which we anticipate closing in the First Quarter 2023, that will add an estimated USD 1million 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, and further added, “Our target is to close the transaction in Q1.”

The portfolio of acquired companies includes:

  1. L
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