Demand Brands Inc (OTCMKTS:DMAN) Has Bottomed Out

Demand Brands Inc (OTCMKTS:DMAN) has reached a bottom if recent price action activity is anything to go by. The stock has powered through a tight one-year trending range, as the upward momentum continues to pick steam.The stock has started making a run for one-year highs on renewed investor interest helped by improving fundamentals. Fuelling the upswing is the confirmation that the approval of the Farm Bill 2018 will allow the company to accelerate the development, production, and distribution of the company’s products.Demand Brands is also the subject of renewed investor interest in signing a new distribution agreement as it continues to pursue opportunities in the multi-billion cannabis industry. The stock is currently trading in a steep uptrend after bottoming out from all-time lows. DMAN Daily ChartA rally followed by a close above the $0.02 mark should bring to an end a sell-off wave that had plunged the stock to one-year lows. The stock needs to stabilize above the $0.02 mark to have any chance of powering high in line with the bullish momentum in the cannabis sector.

About Demand Brands

Demand Brands is a company that operates in the health & wellness and cannabis edible & hemp sector. The company boasts of a robust pipeline of products made up of edibles oil, beverage products, and cannabis superfoods.

Farm Bill 2018 Opportunities

Demand Brands has started surging on the management reaffirming the company’s growth metrics in response to the passing of the Farm Bill 2018. Given that the bill reclassifies hemp for commercial use, paves the way for accelerated development production and distribution of the company’s product line, according to the management.The bill gets rid of a number of obstacles that have crippled growth in the multi-billion sector. The likes of Demand Brands will now be able to access the federal banking system for safe storage of proceeds from the sector. The bill also paves the way for interstate commerce while also making it easy for cannabis companies to access conventional lending opportunities.

“We believe we are well positioned to now successfully implement our growth and expansion plans, secure strategic managers and further develop products, brands, and relationships that will continue to establish us in the industrial hemp sector throughout Q1/2019 and beyond benefitting all DMAN shareholders,” said CEO Bruce Hannan.

Over the past year, Demand Brands has strengthened its operations as well as team expertise as part of its growth strategy. The company has also embarked on a branding drive as it seeks to become a leader in the industry.

Distribution Agreement

Demand Brands has also made impressive strides as it seeks to strengthen its revenue streams. The company has since entered into an agreement with Gridiron Bionutrients. The agreement is for the distribution of Gridiron’s brands CBD infused products.The deal paves the way for the company to expand its market presence given the ever-growing demand for various cannabis products. With a revamped product line, the company should be able to target a wider target market thereby strengthening its revenue streams.

“We believe that the Gridiron products are a great addition to our product line offerings; we recognized the increased demand and market for fully functional beverages and are confident that Gridiron's uniquely formulated CBD infused water line and concentrates will be in high demand with distributors across North America,” said Mr. Hannan.

What Next For Demand Brands

A medium-term ascending trend line, affirms the fact that Demand Brands has bottomed out and should continue to edge higher. After taking a huge hit over the past two years, the stock has bounced back in line with a bullish momentum in the cannabis sector. The rally has come at the backdrop of improving fundamentals, Demand Brands having reiterated its long-term prospects.The passing of the farm bill 2018 is a development that strengthens the company’s growth metrics given the immense opportunities up for grabs. The company is also fresh from signing a groundbreaking distribution agreement that once again strengthens its product line, in addition to enhancing its revenue capabilities.Recent price action activity is indicative of a stock that is poised to continue climbing the ladder as the company continues to pursue opportunities in the burgeoning sector. Demand Brands should become an attractive fundamental investment on rallying and stabilize above the $0.02 mark.We will be updating our subscribers as soon as we know more. For the latest updates on DMAN, sign up below!Disclosure: We have no position in DMAN and have not been compensated for this article.