Dewmar International BMC Inc (OTCMKTS:DEWM) continues its strong upward move on the heels of more good news about the company. Our last review of DEWM saw the stock consolidating after a sharp spike to the upside that reached a high of $.0122 on June 26, 2017. The stock dipped back to $.0057 before making another spike to a high of $.0149 on July 11, 2017. The stock is again pulling back and is consolidating at $.0107 where it is currently trading.
Favorable news for Dewmar International BMC continues to have a positive effect on the stock. Before we get into the details, here is some background for those that are not familiar with the company, Dewmar International BMC, Inc. is a diversified operating company headquartered in Clinton, Mississippi with additional office locations in New Orleans, Louisiana; Houston, Texas and Denver, Colorado. The Company conducts business across a variegated set of categories and sectors including consumer goods, wholesale trade, pharmaceuticals and health sciences. The company and its subsidiaries develops, markets, and distributes goods, therapeutics and a host of professional services across national and international markets through licensing agreements, distribution contracts, fee-for-service arrangements and e-commerce platforms.In a prior article on Dewmar, we reported on the invitation by Walmart for the Company to participate in The Shops at ESSENCE during the 2017 Essence Music Festival. The Company did participate and exceeded its sales goals over the 3-day period from June 30th - July 2nd. The Company sold thousands of dollars of Kush Cakes and Lean Slow Motion Potion to festival attendees from all across the country. The Essence Music Festival was the kick-off event for Dewmar's six-month marketing and advertising campaign to heighten awareness of its products and brands, especially within Walmart. Additionally, Willie Robertson the CEO of Duck Commander and star of A&E's "Duck Dynasty" was present at both Dewmar booths for photos and signatures as part of support of Dewmar's recent acquisition of Willie's Duck Diner. Dr. Marco Moran, CEO of Dewmar International commented:
“We had such great success at the Walmart Supplier Diversity display that Walmart CEO stopped by and visited our booth on Friday afternoon. Furthermore, Walmart staff encouraged us to set up a meeting later this month with our new beverage buyer and regional replenishment manager at their corporate headquarters to discuss further expansion into more Walmart stores across Texas to maximize our central distribution supply chain management source."
Dr. Moran and Willie discussed launching a number of "Willie's" branded products to be developed by Dr. Moran for launch into Walmart stores around the country. Dewmar also launched its new, clean looking Lean Slow Motion Potion branded website that contains a Walmart store locator which helps customers find which specific Walmart stores sells their product. Online sales for Lean Slow Motion Potion will send consumers either to Walmart.com or to Amazon.com for fulfillment as the Company seeks to rapidly expand online sales via both leading and popular online shopping platforms.On Jul 12, 2017 Dewmar International BMC, Inc announced that its CEO, Dr. Marco Moran had been appointed as a Board Member of the Minority Cannabis Business Association ("MCBA"). The MCBA vision is to maximize the unique potential of the cannabis industry to serve as an economic accelerator, creating opportunity and improving critical social and health measures of all communities. Through collaborative initiatives in policy reform, entrepreneurship, networking and education, the Minority Cannabis Business Association is committed to creating equal access and economic empowerment for cannabis businesses, their patients, and the communities most negatively impacted by the war on drugs. Dr. Marco Moran, CEO of Dewmar International stated:
"Although every aspect of the MCBA resonates with me as a young African-American business leader, my primary areas of interest where I believe that I can be most beneficial in promoting the cause of MCBA is with Economic Empowerment and Patient/Practitioner Awareness."
Financial reporting remains unchanged from our last review. Current market capitalization stands at $24.99 million, on 2.43 million shares outstanding as of July 12, 2017.A successful and productive relationship with a mega-retailer like Walmart can only lead to good things for the Company. The next quarterly financials should reflect the positive effects of this relationship. We will be updating our subscribers as soon as we know more. For the latest updates on DEWM, sign up below!Image courtesy of Mike Mozart via FlickrDisclosure: We have no position in DEWM or WMT and have not been compensated for this article.
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