Real Brands Inc (OTCMKTS: RLBD) has been moving up steadily in recent days since briefly dipping below the $0.08 mark
On January 8 RLBD announced it has signed an engagement letter with L&L CPAS, PA, an accounting firm registered with the Public Company Accounting Oversight Board (PCAOB) to complete an audit for the two-years ended December 31, 2017 and 2018. CEO Jerry Pearring stated “Real Brands, Inc. strives to provide investors with additional transparency and is committed to following generally accepted accounting principles in the United States (US-GAAP). Upon completion of our two-year audit, the company intends to file an application to become listed on OTCQB and intends to eventually become a fully reporting company.”
Real Brands Inc (OTCMKTS: RLBD) has an ambitious vision to be the recognized leading brand building company in the legal CBD hemp industry. The Company is based in Pompano Beach, Florida. The Company’s acquisition strategy is for accretive acquisitions of trademarks, patents, other IP and related business opportunities that can be efficiently integrated into the Company’s infrastructure and financial capabilities so that the Company can benefit from the gross profit contribution from distribution, licensing, joint ventures and other opportunities.
RLBD has been making big moves in the booming CBD space! Last year RLBD acquired the Omega Hemp Water trademarks and brand Intellectual Property from Alkame Holdings, Inc. via a controlling interest in a newly created subsidiary. Through this transaction RLBD will own the super-majority interest in a new subsidiary, and Alkame owns the balance. This subsidiary will focus on developing proprietary formulation(s) and growing the operations and trademark value for Omega Hemp branded beverages.
Real Brands acquired the CBD Pharmacy trademark™ plus four (4) US utility patents for the manufacture of consumable legal cannabis and hemp products as defined by the states on a state by state basis. In addition, RLBD has also agreed to acquire four (4) Colorado trademarks for use in legal cannabis and hemp products.
The four (4) additional Colorado trademarks are: Marijuana Cigarettes, Cannabis Cigarettes, Hemp Cigarettes and Cannabis Smoke Tobacco. The four (4) utilities patents include: An Inhaler for the consumption of Cannabinoids, Cannabis Infused Chewing Composition, A Method of Manufacturing a Smokable Cannabis Product and Cannabis Smokeless Tobacco.
Earlier this year RLBD launched CBD Pharmacy® Vape Cartridges in Texas and Florida. The CBD Pharmacy® Vape Cartridge line includes three sizes: 500 mg, 750 mg and 1g cartridges with unique flavors such as Whisky, Tequila and Pina Colada as well as existing flavors that are already popular with consumers such as Strawberry, Pineapple Express and Vanilla. Real Brands, Inc. is also finalizing the Omega Hemp Water® label and is planning our initial launch of the Omega Hemp Water® brand of CBD infused water.
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On November 14 RLBD announced they are in the final stages of scheduling their first production run of Omega Hemp Water™ with Alkame Holdings, Inc. and expect to confirm the first production run in the next 60 days. Omega Hemp Water’s™ proprietary CBD ingredient is derived from hemp with less than 0.3 percent THC present. CBD derived from the hemp plant (with less than 0.3 percent THC present), is a non-psychoactive chemical compound. While researchers are still trying to determine CBD’s effects, some studies suggest it can help treat inflammation, pain, anxiety and seizures.
CEO Jerry Pearring said:
“We are excited about launching Omega Hemp Water™ into the CBD infused beverage category. Omega Hemp Water™ will be produced using Alkame’s patented technology and formula, in conjunction with a proprietary water-soluble CBD ingredient derived from hemp. We believe Omega Hemp Water™ will be a strong competitor and we look forward to being active in this space. This category has the potential for rapid consumer acceptance in the mass market, so we anticipate developing new sku’s to include multiple sizes and flavors.”
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Currently trading at a $11 million market valuation has little assets or revenues and $1.4 million in current liabilities. But RLBD is an exciting story developing in small caps; the Company is making big moves in the booming CBD space currently selling their CBD Pharmacy® Vape Cartridges in Texas and Florida as well as planning the launch of Omega Hemp Water® brand of CBD infused water. We will be updating on RLBD when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RLBD.
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Disclosure: we hold no position in RLBD either long or short and we have not been compensated for this article.