Demand Brands (DMAN) Signs LOI to Acquire Three Premium Cannabis Operations

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Dec 09, 2021

SANTA MONICA, CA / ACCESSWIRE / December 9, 2021 / Demand Brands, Inc. (OTC PINK:DMAN), ("Company" or "DMAN"), announced today that the Company, via Pacific Technologies Group, Inc. http://www.pacifictechnologiesgroup.com, has entered into a Letter of Intent ("LOI") with CF3 SPV I, LLC, a holding company, consisting of a portfolio of Cannabis operating companies and intellectual property including Viridi Farms, 8T8 & MBX Research Inc. ("Businesses"), to acquire the Businesses in an all-stock transaction. The Businesses are, collectively, currently generating more than $20,000,000 in annual revenue at their present run rates and they have established cultivation and harvest facilities on the Central Coast of California and distribution contracts throughout the entire state. Some of the brands that the Businesses manage supply line for include High Times, Revelry Herb Co., TruLeaf, Lowell Herb Co., CanEx and GroupoFlor. More information on the Businesses can be found here: https://dman.co/ .