Digital Brand Media and Marketing Group Inc (DBMM)

[N4theGrn]

Key takeaways from the annual report filed just now

1. As per the 10 K: After over 2 years, DBMM was able to attract new investors to provide the financing required to complete all delinquent filings and to keep DBMM current in SEC reporting, The Company received a commitment for future working capital in order to grow the Company in key markets, with the intent to move to DBMM profitability.

2. As per the 10 K: Going forward, there will be an emphasis on investor awareness as soon as the SEC open matter has been dismissed. DBMM has been current in its filings since July 2018 and are encouraged by the outlook after normal trading has re-commenced. DBMM intends to make significant strides in aggressively widening its brand exposure using a variety of digital and social channels. The expectations for fiscal year 2020 remain to return to normal trading following the dismissal of the SEC Administrative Proceeding regarding delinquent filings which were cured July 15, 2018. The Company intends to move ahead thereafter to the scaled, growth plan in multiple geographies to benefit all stakeholders.

3. As per the 10 K from their auditors: We have audited the accompanying consolidated balance sheets of Digital Brand Media & Marketing Group, Inc. and subsidiaries (the "Company") as of August 31, 2019 and 2018, the related statements of operations and comprehensive loss, changes in stockholders’ deficit, and cash flows for the years then ended, and the related notes (collectively referred to as the "financial statements").