Will Demand Brands (OTCMKTS:DMAN) Continue its Rally?

Demand Brands (OTCMKTS: DMAN) closed higher on Tuesday. Will it continue?

Market Action

On Tuesday, DMAN gained 16.2% to end the session at $0.0093. Total volume for the session stood at 66.46 million shares – 10Xits average volume of 6.32 million shares. The stock opened at $0.0080 and moved within a narrow range of $0.0080 – 0.0144.

DMAN Issued News

On Tuesday, the company release news. Here are the key snapshots:

Demand Brands (DMAN) Acquires Lucky Chief

  • DMAN announced that its wholly-owned subsidiary Pacific Technologies Group, Inc , has entered into an agreement with Viride Research Fund, LLC. (“Viride”), a leading company in the global cannabis industry.
  • Under the agreement, DMAN, in exchange for an issuance of DMAN preferred and Common stock, will acquire Viriude and certain assets to be marketed under the brand “Lucky Chief™” http://www.luckychief.com, including Viride’s THC Genetics Library and its interest in an Extraction Lab and Dispensary.
  • The acquisition of the synergistic assets is to advance a vertically integrated cannabis-focused consumer packaged business.

Ian Dixon, Chief Executive Officer of Viride, will join the DMAN Board and become its new CEO. Peter Erdekian will remain a Company Director and Lucky Chief™ Executives Trevor Norrbom will come on board as CTO, Marcus Childress as CFO and Andy Rudenstein as COO.

Trader Notes

Share Information


Recent Stock Performance

5-DAY PERF.+47.62%
1-MONTH PERF.+13.41%
3-MONTH PERF.-27.91%
6-MONTH PERF.+173.53%
YTD PERF.+200.00%
1-YEAR PERF.+389.47%

Moving Averages

+/- EMA(20)0.0076 (+22.37%)
+/- SMA(50)0.0064 (+45.31%)
+/- SMA(200)0.0027 (+244.44%)

Pivot Points

NameS3S2S1Pivot PointsR1R2R3

Technical Indicators

CCI20267.7324OverBoughtChaikin Money Flow-0.2498Sell
MACD-0.0002SellMoney Flow Index88.6537OverBought
STOCH (14,3)45.7447NeutralSTOCH RSI1.0000OverBought
UO48.2122SellWilliams %R-54.2553Neutral

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