May 13, 2022 -- InvestorsHub NewsWire -- We met with TruLeaf’s management team today to discuss enhancing our management consulting and brand & supply management relationship with them. 

This will include a strategic investment from DB and TruLeaf to join the DB cultivation partners under Viridi SOPs and genetics and manufacturing facilities of TruLeaf to distribute the final product through TruLeaf. DB and Truleaf are planning a 50/50 revenue and cost sharing model. Planned timeline for this project is May through November 2022. Site preparation and propagation at the nursery level are underway. Planting in June/July. Harvest will start in mid September and end in October/early November. Manufacturing will begin thereafter.

Read more about DB portfolio and partnerships.

About Demand Brands

Demand Brands is a publicly-traded company that has vertical integration, optimization, and innovation at the heart of its core strategy. 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 & supply management, and real estate.

PRESS CONTACT

ir@dman.co

+1 (415) 685-0317

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SOURCE: Demand Brands, Inc.

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.

 

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