Dewmar International BMC Inc (OTCMKTS:DEWM) shares rose 8.74% to $0.0112. The company has a market cap of $31.52 million at 2.81 billion shares outstanding. Share prices have been trading in a 52-week range of $0.00 to $0.02.
In a press release, the company shared that as a result of a major marketing and sales promotion at The Shops at Essence in conjunction with Walmart Supplier Diversity Program at the 2017 Essence Music Festival, it was able to sell out all of its Kush Cakes premium relaxation brownies in the month of July in all of its online fulfillment centers.
“As a result of our team passing out thousands of Kush Cakes promotional fliers with a coupon code for $10.00 off per box to many of the up to 400,000 attendees at the Essence Festival the Ernest N. Morial Convention Center at the beginning of July, we sold out of all of our product made available for e-commerce in less than 30 days. The promotion is set to last until September 1st so we immediately replenished both of our fulfillment centers so that we can continue with the significant increase of sales through our continued success of working with Walmart to promote both Lean Slow Motion Potion and Kush Cakes,” remarked Dewmar International BMC Inc CEO Marco Moran.
The company sells Kush Cakesand Lean Slow Motion Potion via Virtual Exchange, Inc. of Raleigh, NC on Walmart.com and Amazon.com e-commerce sites. It also utilizes Epic Fulfillment Center in Broomfield, CO for the shipment of Kush Cakes sold on Amazon and www.MyKushCakes.com
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.