GLOBAL TECH (GTII) MAKES EQUITY INVESTMENT IN DEMAND BRANDS (INMG)
New York, NY, October 17th, 2018 — Global Tech Industries Group, Inc. (OTCPK:GTII), (“GTII”), a Nevada corporation, announced today that it has made an equity investment in Demand Brands, Inc., currently trading as Innovativ Media Group, Inc. (OTCPK:INMG) (“INMG”). INMG is a collection of brands and businesses promoting healthy lifestyles, operating in the Health and Wellness, Cannabis Edibles, Hemp and CBD industries https://www.demandbrandsinc.com. GTII’s Board of Directors recently committed the Company to exploring and investing in opportunities in Healthcare targeting specifically businesses involved with cannabis. The cannabis industry, in all its different iterations, is expected to surpass $57 billion dollars in sales by 2027. Some of the most well-known consumer product companies in the world are banking on introducing innovative entries into the burgeoning marketplace. https://digiday.com/marketing/cannabis-sexy-weed-companies. INMG is currently developing a wide variety of innovative products including gummies, cookies, liquid extracts and other Hemp + Healthy, CBD-infused edibles and Superfoods designed for men, women, children and pets. The two companies intend to also explore broader mutual opportunities.
David Reichman, CEO and Chairman of GTII, said. “INMG represents exactly the kind of creative and innovative company we think is well positioned in this sector. They are developing some exciting products and have an excellent management team and we believe this investment will enhance the value of both entities.”
Bruce Hannan, CEO of INMG added. “We are pleased that David and GTII have confidence in our business plan. Having them as an investor and prospective partner will allow us to grow more rapidly”.