For a long time, Dewmar was focused on other people’s brands. We also put a lot of resources into developing and marketing products that in the end, didn’t achieve the type of sales that would justify the amount of time and effort that was put into each product. That was our past. It’s not our future.
The current management team has a background that was born and trained on Wall Street. They are familiar with big ideas and big goals. Don Hunter, our new CEO ran a company of about 150 employees that managed billions in assets. He engineered the buyout of his own firm.
The next American gold rush is unquestionably industrial hemp and Dewmar plans on being at the front of the line for the next, new big industry. Unlike many companies that want to be the 900th CBD brand, Dewmar believes the real void in the market is the bulk processing of industrial hemp. Whether that entails bulk processing of someone elses raw product for a fee or the purchasing of raw product which will then be processed to sell large volume constituents of the hemp product such as the fiber or CBD, Dewmar believes that is the place to be in the new hemp frontier.
We will be updating our shareholders as we execute our business plan.