Acquisition to Boost Dewmar International BMC Inc (OTCMKTS:DEWM) Shares?

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Dewmar International BMC Inc (OTCMKTS:DEWM) shares are up 4.49% to $0.00930 and were flat in after-hours trading. Share prices have been trading in a 52-week range of $0.00 to $0.02. The company has a market cap of $26.18 million at 2.81 billion shares outstanding.

In a press release, Dewmar International BMC Inc announced that it has agreed in principle to a possible merger or acquisition of India Imports LLC. This isa Louisiana limited liability company that has been in business since 1986 and has generated approximately $150 million of revenue annually for the past five years.

“The thing that I like about Hiren’s company is that it’s a family ran business where I have met and worked with his mother, father and sister prior to the inception of Dewmar International. I attribute much of the success Dewmar has had placing product in the many ethnic C-stores and wholesalers nationally to my work with Mr. Shah,” says Dewmar International BMC Inc CEO Dr. Marco Moran.

“Not only is Hiren a very astute and successful businessman who has proven to be an invaluable mentor and distribution ally; he was one of the first major investors in Dewmar when, in 2010, he loaned the Company nearly $300,000 with extremely reasonable terms to expand our product mix from 1-to-3 flavors of our Lean Slow Motion Potion brand,” he continued.

Dewmar International BMC Inc is a brand management services company that is engaged in developing, acquiring and/or licensing new products and brands for launch or distribution in both national and international markets. Its brands include Lean Slow Motion Potion, C+Swiss Hemp Ice Tea, Canna Energy and Chillo.

Lean Slow Motion Potion is a relaxation-carbonated potion. Lean Slow Motion Potion is available in approximately three flavors: Yella, Purp and Easta Pink. Lean Slow Motion Potion is distributed and sold in approximately 30 states and over three countries, as well as online. Its C+Swiss Hemp Ice Tea is a hemp-based black tea infused with lemon juice and hemp seed extract. Canna Energy is a gluten-free energy drink. Canna Energy is available in various ranges, such as Canna Energy Lite, Canna Energy Mango and Canna Energy Original. Chillo is a hemp energy beverage designed for recreational activities. U.S. Hemp Corporation is a subsidiary of the company.

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With an upbringing rooted in deep ethical values, Yashu Gola knows how to put honesty and dedication into his articles. This young and dynamic financial analyst has done his graduation in IT engineering. His interests in financial writing have once brought him to our digital doorsteps. Since then, he has been an integral part of ForexMinute.com and writes the most captivating news-articles on the foreign exchange industry, cryptocurrencies, and medical marijuana trading.