Dewmar also reports on Current Status at OTC Markets
Denver, CO, Dec. 14, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Dewmar International BMC,
Inc. (OTCPINK: DEWM) issues this report congratulating lawmakers on the passing of the 2018 Farm Bill which
legalizes industrial hemp. This has as an immediate, positive impact on Dewmar’s 100% owned subsidiary, United States Hemp
Corporation.
In a rare but overwhelming bi-partisan vote, the 2018 Farm Bill was approved by the Senate with a vote of 87-13
and the 2018 Farm Bill was approved by the House in a landslide vote of 369-47. The President of the United States is expected to
sign the bill and for the first time in decades, companies like United States Hemp Corporation will be free to grow hemp and sell
hemp products and possibly CBD (cannabidiol) legally in the United States.
United States Hemp Corporation was formed in 2014 in the State of Nevada. The subsidiary
was instrumental in assisting Dewmar in creating the Kush Cakes formula which, as our most loyal supporters know, KUSH CAKES contains hemp. We
are only one in a small handful of public companies that has had a subsidiary in business for over 4 years that has actually
created and sold a product containing hemp. The new and massive 2018 Farm Bill may open up the floodgates of opportunities for United States Hemp
Corporation.
As a result, our company is in the process of determining in which state it may need to strategically open an
office in order to be better positioned to take full, immediate advantage of all the Farm Bill has to offer for corporations that
plan to be on the forefront of generating serious revenues from industrial hemp.
Dewmar International and the United States Hemp Corporation also congratulate Senate Majority Leader Senator Mitch McConnell who worked tirelessly on the Farm Bill to finally legalize
industrial hemp in the country. The Senator commented on his official Twitter account, “Making it official with my hemp pen! Proud
to have served as conferee on #FarmBill & to fight for #Kentucky priorities. With today's signature, my provision to legalize
industrial #hemp is 1 step closer to reality. Looking forward to voting YES on this bill & sending
to @POTUS”.
In 2015, Dewmar’s subsidiary was a very early stage investor in New West Genetics, a leader in hemp seed genetic technologies. Dr. Marco Moran, CEO & Founder of Dewmar, stated, “I am very glad that I spent significant
amounts of time with Dr. John McKay, co-founder of New West Genetics in the past to get a clear and detailed
understanding of the vast opportunity and great potential in advanced hemp seed technology. Our past investment in hemp seed
technology was one of the best moves approved by Dewmar that can yield a high return in the near future for our shareholder base.”
Yesterday, New West Genetics issues a press release announcing a $3 million capital raise that supports the ramping up of its R&D program.
“New West Genetics will deploy this new capital to bring about a transition in the hemp industry, from small-scale, often
greenhouse-grown cultivars to a high-yielding sustainable crop with consistent quality, grown from proprietary seed,"
said Wendy Mosher, New West Genetics CEO. "We are accelerating our product pipeline, expanding
product testing and production into new regions, and recruiting key leadership to our operating team."
It is anticipated that the seeds and technologies being produced now and in the future by New West Genetics will
be one of the most sought-after commodities in the United States. The company creates varieties that combine rich profiles of
cannabinoids with superior plant characteristics; with crops that are adapted to local soil and climate conditions, are pest
resistant, and possess multiple other high-yielding traits.
Marco Moran further commented, “We have once again achieved current status at OTC Markets by updating all of our financials. Over the past few weeks, we have launched a
new business, www.MarijuanaEmail.com which potentially has worldwide implications and announced our plans
to market and license Kush Cakes in Canada next year. We are very excited about the legalization of industrial hemp which although
is decades late in the making, has placed Dewmar in an enviable position.”
Although Dewmar executives readily admit that they have been relatively quiet in 2018, the financial markets
should not mistake the fact that less news means less progress. As the market and hemp investors can clearly see, Dewmar and its
subsidiaries are making strong and rapid progress to close out the year as they anticipate a fruitful 2019 as the federal
government embraces industrial hemp farming.
About Dewmar International BMC, Inc.
Dewmar International BMC, Inc. is a certified service-disabled veteran business concern, new product development,
manufacturing and brand management company. Established in 2003, Dewmar’s primary business strategy has been in creating high
profit margins with functional foods and beverages, such as Lean Slow Motion Potion, which is rated as one of the top 3 national selling relaxation
beverages in the U.S. market and Kush Cakes relaxation brownies. The company has offices in Clinton, MS; Houston, TX:
Denver, CO and New Orleans, LA. Dewmar owns the cannabis industry dispensary-to-consumer site www.MarijuanaEmail.com which serves as a unique online portal that connects marijuana
dispensaries with their customer base throughout North America.
About United States Hemp Corporation
United States Hemp Corporation, a wholly-owned subsidiary of Dewmar International BMC,
Inc., was formed in 2014 in the State of Nevada whose primary goal is to promote the cultivation, research and new product
development of hemp based nutraceuticals, industrial goods and consumer goods in the United States to be shared with the
World. The U.S. Hemp Corporation's staff is to make every concerted effort to be the leader in the marketing, sales,
promotions and distribution of hemp products both with a primary goal to take pride in the Made in America mantra as to enhance the
economic benefit of U.S. citizens as it provides quality products for sale locally and for worldwide export. Unites States Hemp
Corporation has created a wholly-owned subsidiary by the name of Cannabis Intellectual Property Holdings, LLC in order to protect a number of medical
cannabis intellectual property assets.
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