(NEW YORK)–Real Brands, Inc. (OTC:RLBD), a portfolio of consumer-packaged goods and brands, looks to become a sort of Amazon dotcom of cannabis related consumer products with their acquisition of CBD Pharmacy.
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The Company recently announced they have signed a binding letter of intent with CBD Pharmacy, Inc. to acquire the CBD Pharmacy™ trademark plus four (4) US utility patents for the manufacturer 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.
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Ludlow Research, a small cap equity research firm out of New York City, recently made note of both RLBD acquisition of CBD Pharmacy, the Omega Hemp Water brand, and low market cap valuation as reason for launching their coverage.
– Pending Acquisition of CBD Pharmacy
– To Leverage Trademark with Licensed Distributors
– Royalty Fee Income from other Distributors
– Omega Hemp Water Production Infrastructure in Place
– First Production Run Expected in Q3 2017
– 30 Years Experience in Beverage Industry
– 70 Million Shares Outstanding
– Public Float just over 7 Million
– Low Market Valuation for Sector
Related: RLBD Discusses First Omega Hemp Water Production in Q3
As of June 2017, the Company had roughly 70 million common shares issued and outstanding, with a public float of just around 7 million shares. Based on their current projects focused on the cannabis sector, pending royalty fees from CBD Pharmacy, first production run of Omega Hemp Water expected in Q3, and low public float, Ludlow Research has initiated coverage on company with a ‘speculative’ short-term valuation target of $0.10 to $0.15 per share.
About Ludlow Research
Ludlow Research is a New York based equity research firm that focuses on providing research coverage and investor awareness services to emerging small-cap companies. For over 14 years we have worked to provide our readers with a simple way of evaluating the current and potential value of small-cap companies, while garnering these clients greater market awareness to new investors. For more information on us please visit www.ludlowresearch.com
About Real Brands
Real Brands, Inc. is a portfolio of consumer-packaged goods and brands. Management holds nearly 30 years experience within the beverage and branding industry, and looks to leverage this experience by acquiring companies active in the legal cannabis and hemp industry. The Company recently acquired the Omega Hemp Water™ trademark from Alkame Holdings, Inc. www.realbrandsUSA.com
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This website includes statements that may constitute forward-looking statements made pursuant to the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. Although the Company believes that the expectations reflected in such forward-looking statements are based on reasonable assumptions, such statements are subject to risks and uncertainties that could cause actual results to differ materially from those projected.
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