(NEW YORK)–Real Brands, Inc. (OTCMKTS: RLBD) saw its price and volume spike on completion of merger with marijuana cigarette and vaporize company CBD Pharmacy.
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The Company recently announced they had 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:
Cannabis Smoke Tobacco
Currently, 28 states and Washington, DC have legalized medicinal and/or recreational cannabis use and the industry is already estimated to be a multiple billion dollar industry, making the timing for brand building optimal. As consumers become increasingly aware of the medicinal benefits of Cannabis and CBD’s, the industry is expected to continue growing over 20% annually through 2021.*
“Since signing the binding letter of intent in May of this year we have been focusing on the CBD Pharmacy line and we have finalized the new CBD Pharmacy™ logo and packaging design,” said Jerry Pearring, CEO of Real Brands, Inc. “We anticipate our licensees will introduce the CBD Pharmacy line of Vape Cartridges into several states in the coming months, while we simultaneously develop new products for the CBD Pharmacy line and explore opportunities for all of our trademarks and utility patents.”
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
Cannabis Smokeless Tobacco
This merger now puts RLBD in the same sector as such other plays as mCig, Inc (OTCMKTS:MCIG) and VAPE Holdings (OTCMKTS:VAPE)
Ludlow Research, a smallcap equity research firm based in New York City, reiterated their coverage on RLBD based on their recent acquisitions, and low market cap valuation, with a short-term valuation target on RLBD of $0.15+ per share.
Real Brands, Inc. is traded on the OTC market under the ticker symbol “RLBD”.
About Real Brands
Real Brands, Inc. (RLBD) is a publicly held company. The Company’s strategy is to build brands and is currently focusing on consumer products brand development and marketing in the legal hemp and cannabis industry. Real Brands, Inc. currently has a super majority controlling equity interest in Omega Hemp Water trademarks and intellectual properties. For additional information go to www.realbrandsusa.com
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