Demand Brands Publishes Financial Statements for Its Portfolio Companies
28 April 2022 - 7:17PM
InvestorsHub NewsWire
WATSONVILLE, CA -- April 28, 2022 --
InvestorsHub NewsWire -- Pacific Technologies,
Inc. aka Demand Brands, Inc.
(OTC
PINK: DMAN), ("Company" or "DB") http://dman.co, a leading vertically integrated
cannabis company, releases financials of key
subsidiaries.
Demand Brands
Inc completed the acquisition of CF3 SPV I, LLC ("CF3"), a
vertically integrated cannabis holding company, on February 22,
2022.
Viridi Farms, a
California corporation ("Viridi"), and Zenith Land Management, a
California limited liability company ("Zenith") are wholly owned
subsidiaries of CF3. As part of the acquisition of CF3, the
unaudited financial statements (the "Financial Statements") of
Viridi and Zenith were prepared and delivered to the Company. The
Company has uploaded the Financial Statements under the Investor
Relations section of its website.
Please note that the Financial Statements are not audited and only
detail the historical financial performance of Viridi and Zenith
for the years 2020 and 2021.
Key Financial Highlights:
The highlights
and other important information with respect to the Financial
Statements are included in the Corporate
Presentation of the Company and will provide further
insights to the shareholders of the Company with the respect to the
information published on the Financial Statements to
date.
Additional releases to expect soon:
A shareholder
letter detailing the Company's acquisition of CF3 and the Company's
milestones will be released first week of the month of May. Please
stay tuned in.
About Demand Brands
Demand Brands is
a publicly-traded company that has vertical integration,
optimization and innovation at the heart of its master
plan. We strategically invest in,
acquire & partner with synergistic cannabis companies to
optimize and expand our vertically integrated platform with the
goal of becoming a multi-state operation that captures value at
every stage of the soil to sale process.
Our capabilities include cultivation, processing, brand and
supply management and real estate.
Cautionary Note Regarding Forward-Looking
Information and Statements. This press release
includes "forward-looking statements" within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. In addition to
statements that explicitly describe such risks and uncertainties,
readers are urged to consider statements labeled with the terms
"believes", "belief", "expects", "intends", "anticipates",
"projects" "will", or "plans" to be uncertain and forward-looking.
The forward-looking statements contained herein are also subject
generally to other risks and uncertainties that are described from
time to time in the company's reports and registration statements
filed with the Securities and Exchange Commission.
PRESS
CONTACT
ir@dman.co
+1 (415)
685-0317
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SOURCE: Demand Brands,
Inc.
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