Earlier this morning, a California-based company announced that it has entered into a significant supply agreement with Sun Supply LLC, which is the exclusive operating tenant for GHP Holdings LLC, which is developing a 300-acre site in Southern California to build a campus which will comprise of 5.7 million SF of pharma grade greenhouses and production facilities, according to the release. Demand Brands Inc. (OTCPK:DMAN) saw its shares skyrocket as the agreement is an exclusive agreement with Sun Supply to distribute 180,000 pounds of pharma grade Cannabis a year!
Demand Brands, and its wholly-owned subsidiary Pacific Technology Group, Inc., source and invest into Cannabis related companies that fit into its vertical integration strategy. The company strategically invests in and acquires Cannabis related companies with vertical integration at the heart of its core strategy, and has strategic brand and white label partnerships with Revelry Supply Co., HIGH TIMES, TruLeaf, GrupoFlor, CanEx., and other top tier industry names.
As previously mentioned, traders were bullish on the news as shares quickly shot up to $0.0215/share (+95.45%) at the early session high. This move could be an indication of a potential breakout to the upside from the multi-month trading range this micro cap has been stuck in for quite some time.