WATSONVILLE, CA / OTCIQ / August 1, 2023 / Demand Brands, Inc. (OTC PINK: DMAN), (“Company” or “Demand Brands”) http://dman.co, a leading vertically integrated cannabis company, is excited to announce the Board of Directors has elected Jae Ryu Co-CEO of the company, and Kevin Sparks to serve as a Director to fill the vacancy left by the resignation of Peter Erdekian.
Mr. Erdekian has been with Demand Brands for many years and served well in multiple roles. Kevin Sparks will serve out the current term as his replacement.
Jae Ryu has joined the team after serving most recently as Managing Director of new venture company for a family office in Menlo Park. He brings experience, talent and a vision that can propel Demand forward. “I am extremely excited and humbled to lead our family of talented and gifted team members as we embark on our next chapter of Demand Brands as a sustainable green- tech company.”
About Demand Brands
Demand Brands is a publicly traded company that has vertical integration, optimization, and innovation in the cannabis industry at the heart of its core strategy. We strategically invest in, acquire & partner with synergistic cannabis companies. Our goal is to optimize and expand our vertically integrated platform into a multi-state operation. We seek to capture value at every stage of the soil to sale process. Our capabilities include cultivation, processing, brand & supply management, and real estate.
In his role as Co-CEO Mr. Ryu will look to take the Company in a new and exciting direction specifically seeking to capitalize on emerging opportunities in the green energy and real estate sectors. The Company expects to make additional announcements on its progress in the near term.
PRESS CONTACT
ir@dman.co
+1 (415) 685-0317
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Cautionary Note Regarding Forward-Looking Information and Statements. This press release contains statements that are forward-looking within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements which can be identified by the use of forward-looking terminology such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” or “believe” or the negatives thereof or other variations thereon or comparable terminology. Such forward-looking statements are only predictions and are not guarantees of future performance. Investors are cautioned that any such forward-looking statements are and will be, as the case may be, subject to many risks, uncertainties, certain assumptions and factors relating to the operations and business environment of DMAN that may cause the actual results of DMAN to be materially different from any future results expressed or implied in such forward-looking statements. Such factors include future acquisitions, the ability to successfully integrate future acquisitions, the ability to obtain financing, and future sales and operating income.
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