Dewmar International BMC Inc (OTCMKTS:DEWM) has continued an upward trajectory all this week. The company has been moving steadily into the medical marijuana space and has some interesting developments ongoing with medical cannabis IP. Well, to further fuel their rise, yesterday, DEWM announced it had agreed to a deal with Smart RX Systems to sell and market their Smart PharmAssist Kiosk. This kiosk would allow for 24-hour service and could dispense 225 different medicines.
Here is a quote from the press: “Our recent collaborations illustrate our efforts to work with organizations worldwide to help make our commitment to sustainable innovative technology a reality,” stated Mr. Sandeep Mathow, Founder & CEO of Smart RX. “Working with Dewmar and their many healthcare affiliates will help us accelerate speed-to-market in critical geographies here in the U.S.,” he continued.
Dewmar International BMC Inc (OTCMKTS:DEWM) describes itself as a diversified operating company headquartered in Clinton, MS with additional offices in New Orleans, LA; Denver, CO and Houston, TX.
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DEWM has business lines in consumer goods, healthcare and content media. The Company and its subsidiaries develop, market and distribute goods, therapeutics and services in national and international markets through licensing agreements, e-commerce platforms, fee-for-service arrangements and distribution contracts. The Company’s largest retail customer is Wal-Mart Stores, Inc.
According to company materials, “Dewmar International BMC, Inc. is a U.S. based 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, as well as introducing new simple yet meaningful innovations to markets of great demand. The Company’s flagship product, Lean Slow Motion Potion, whose flavors include Yella, Purp and Easta Pink, is rated as one of the top 3 national selling relaxation beverages in the U.S. market. The company has offices in Clinton, MS; Houston, TX: Denver, CO and New Orleans, LA.”
Here is another quote from DEM that shows what their thinking was on this deal: Dr. Marco Moran, CEO of Dewmar International, stated, “We are excited to be introducing this ‘game-changing’ pharmacy solution to our growing network of hospitals, clinics, major employers and self-insured cities and municipalities.” Dr. Marco Moran continued, “As a 20 year licensed pharmacist, I know that pharmacy kiosks creates a more affordable and highly profitable retail pharmacy solution for our many clients whose patients will be able to leave their facilities with a pharmacist-verified prescription in hand as opposed to having to run another errand to wait over an hour at the local corner drugstore. Furthermore, major employers and large health systems will be able to eliminate their drug inventory costs and participate in a profit-share program thus bringing in (or saving) potential revenue in the six figure range for installation of this state of the art pharmacy system.”
Dewmar International BMC Inc (OTCMKTS:DEWM) now has a $41.74M market cap and every time we write about this company that number just grows and grow. The debt is a concern for DEWM but the company has its hands in some very interesting markets. This is a stock traders need to be watching, especially in the next upcoming weeks. For continuing coverage on shares of $DEWM stock, as well as our other breakout stock picks, sign up for our free newsletter today and get our next hot stock pick!
Disclosure: we hold no position in $DEWM, either long or short, and we have not been compensated for this article.