Dewmar International BMC Inc (OTCMKTS:DEWM) should have more gains in store as the company updates its SEC filings and becomes current with the SEC and continues to push product through Walmart. The stock has appreciated over 70% in the last few months and it has broken out of its base that it has established over the last year. A breakout of a long base is a powerful move and can lead to significant gains from doubling, tripling, or more sometimes. Couple this breakout with recent developments from the CEO, DEWM is poised to be a huge gainer in the future.
CEO Dr. Marco Moran has been keen on updating investors and the public of the DEWM milestones, developments, and accomplishments. DEWM is a brand management company focused on elevating its portfolio across the international and national markets. Some of its consumer brands it manages include PhysiPet, Yellow Jacket iPhone Stun Gun/Charger, Rocky Mountain High Hemp, C-Swiss Hemp Iced Tea, Chillo Hemp Energy, Canna Energy, Lean Slow Motion Potion and Kush Cakes. DEWM is responsible for placing them for sale on various e-commerce sites such as Amazon.com, Walmart.com and e-Bay.com
Lean Slow Motion Potion, a premium carbonated drink brand to help relieve stress, anxiety, and restlessness, has been for sale in Walmart stores for 3 years now and is the longest standing relaxation drink on the shelves in the history of Walmart. Walmart has approved DEWM for expansion into over 150 Walmart locations proposed for 2016.
DEWM also launched Kush Cakes, a brownie infused with hemp, which started sales late in 2015 and should continue to grow strongly in 2016 as production and sales ramp. DEWM has announced that it has several new pending contracts for new product development which should bode well for 2016. DEWM also expanded into the healthcare service industry in 2014 which has generated millions of revenue and continues to grow.
DEWM eliminated all of its toxic financers in 2014 and has kept its promise not to dilute shareholders. The company is in the process of having a PCAOB auditing firm conduct a complete audit on its financials and also updates its prior filings (10-Ks for 2015, 10-Q for Q1-2016, and others) to become a current reporting company in the eyes of the SEC.
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DEWM is currently trading at a $7.5 million market valuation. DEWM is an exciting microcap company on the verge of a turnaround. It has product and brands selling on Amazon, E-Bay, and Walmart. It has a growing product lines set for expansion in 2016 through over 150 Walmart stores. The company is cleaning up its act and becoming a reporting company with the SEC any day now. Stay tuned for updates.
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Disclosure: we hold no position in DEWM either long or short and we have not been compensated for this article.