Demand Brands Inc. (DMAN)

[StockRocket]

SOUTHERN GAL FROM THE LAST QUARTERLY FILING -NOTE 8 – SUBSEQUENT EVENTS
(*And they did EVERYTHING THEY SAID THEY WOULD IN THIS FROM SEVERAL MONTHS AGO)
On July 16, 2018 the Company entered into a Stock Purchase Agreement with Demand Brands, Inc. (“Demand”) to acquire 100% of its issued and outstanding shares and all of its assets and joint venture agreements. Demand is a collection of businesses and brands operating in the Health, Wellness, Cannabis Edibles, Hemp and CBD sectors. Additionally on July 16, 2018 the Company, Demand, Innovative Media Group, Inc. and various individuals and third parties entered into a Stock Transfer, Operating and Assets Purchase Agreement. Under this agreement Demand Directors Bruce Hannan (“Hannan”) and Guy Peckham (“Peckham”) will join the Company’s Board of Directors and become senior Officers responsible for managing the Company moving forward. The Company is spinning out and selling non-core assets but will maintain interests in CannaNet.TV, Kush Processing and LocalCannabisDispensaries.com.
The Agreements commit the Company to have future Financial Statements audited and to apply for an up listing to the OTCQB or OTCQX or equivalent exchange. The Company intends to change its name to Demand to better reflect its business focus. The transaction formally closed in the first week of August 2018.