Dewmar International BMC Inc (DEWM)

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Feb 20, 2014 (ACCESSWIRE via COMTEX) -- Beverage company Dewmar International BMC Inc. (otcqb:DEWM) announced Feb. 20 that it has purchased U.S. Hemp Corp. for an undisclosed sum.

The Clinton, Miss-based company plans to use its new wholly-own subsidiary to produce and market hemp-and-cannabis-related beverages and other products.

"With U.S. Hemp Corporation in place, as an official Nevada corporation, we can better align our business processes and resources to support the pipeline of cannabidiol related products and services we have slated for introduction to the marketplace while allowing Lean Slow Motion Potion, (TM) the company's flagship brand, to continue its expansion into additional big-box retailers," Dewar International's CEO Dr. Marco Moran said, in a written statement.

Announcement Could Fuel Its Volume and Share Price

Even though the press release does not elaborate much on the terms of the deal or the development of its new products, the fact that it is coming from a beverage company with tangible products already in distribution and will now be able to create some new hemp and legal cannabis-related products is positive news for Dewmar International. Its stock volume and share price could benefit mightily in today's trading from the announcement


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