DNA Brands Inc. CEO, Adrian Patasar, Is Featured on StockDay Jolly then asked about a recent press release detailing the Company's recent joint venture agreement. "We signed a joint agreement with a gentleman by the name of Rendhel Pierre-Louis," said Patasar. "He is a cannabis veteran out of Orange County, Los Angeles," he added. "He has built a successful cannabis company in Santa Ana called Savage Valley," said Patasar, noting Savage Valley's significant revenues. "DNA Brands will be the majority owner of any project we work on together," he shared.
"Ren and I will both work as consultants to the joint project, which is called Green Thumb Ventures LLC," said Patasar. "We will basically be cherry-picking cannabis assets that we see present value."
Jolly then commented on the Company's recent 10-Q and asked about the Company's revenue strategy. "The revenues were light because we were primarily focused on the company's digital marketing company," said Patasar. "We are on track to probably do about the same as last year, which is about $1.2 million for the year," he shared. "Looking at 2022, we would like to focus our efforts on our digital assets and our cannabis projects."
"What is one of the biggest obstacles the company have overcome in 2021 during this difficult COVID-19 era?", asked Jolly. "Back in September, the OTC Markets and SEC set a deadline for getting companies current and compliant," said Patasar, adding that the Company had just completed a funding perspective with the priced stock at 50 cents. "We actually had to change the price of our offering, bring it down from 50 cents to a nickel, and it seems that we're getting a lot more of a response," he shared. "It was a lesson learned; there is a lot of business to be done with the smaller priced stocks."
To close the interview, Patasar encouraged listeners and shareholders to consider the Company's potential and keep up-to-date with their upcoming announcements as they enter 2022 with a variety of exciting projects.
To hear Adrian Patasar's entire interview, follow the link to the podcast here: https://audioboom.com/posts/7983141-dna-brands-inc-ceo-adrian-patasar-is-featured-on-the-stock-day-podcast
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