Dewmar International BMC Inc (OTCMKTS:DEWM) announced recently that it has attained 45.24% growth in sales revenue for the period ended December 31, 2017 compared to the previous period. The company reported an increase of 41% gross profit of about $1.15 million compared to 36% of $630,800 of the same period in the previous year.
Dewmar has continuously recorded an increase in sales of its product including the popular Kush Cakes, Hemp Infused Brownies, Lean Slow Motion Potion and more, with high volume orders obtained from wholesalers and retailers in convenience store and other distribution channels.
Strong Consumer Product Lines Accelerates Revenue Growth
According to Dr. Marco Moran, CEO at Dewmar, the increasing year-over-year revenue is due to the company’s strong consumer product lines and its ability to capitalize on the brand equity within the region making it the most popular tourist destination in the Southern US.
Dewmar has generated over $10 million in revenue from its numerous products and expects a significant growth this year and in the future. The company is optimistic about its position in the market and anticipates recording higher sales this year compared to other financial years since there are no major plans to incur huge costs this year.
Last year, Dewmar announced that it’s planning to retire more than 100 million shares of Common Stock. The company intended to utilize the retirement of shares to enhance its capital structure and overall shareholder value. The shares demonstrate the firm’s long-term commitment to its shareholders. Dewmar is determined to actively pursue the retirement of its outstanding shares regularly to cut its float and maintain a robust and healthy capital structure.
Established in 2003, Dewmar International focuses on the creating high profit margins by offering high-quality nutritional supplements including the Lean Slow Motion Potion product line with several flavors. The drink is highly rates as one of the top three relaxation drinks across the US. In 2015, the company was rated as the top 15 publicly traded companies by the Mississippi Business Journal.