Demand Brands and Truleaf discussing the future of DB's retail footprint
May 13 2022 - 3:11PM
InvestorsHub NewsWire
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.
![](https://investorshub.advfn.com/uimage/uploads/2022/5/13/ihnw-TPQGGVAUVTAMWVKZXBYKPUBRNGRS.jpg)
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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