Real Brands, Inc. (RLBD) enters into a binding Letter of Intent with CBD Pharmacy, Inc. to acquire all of their assets
02 Mai 2017 - 3:50PM
InvestorsHub NewsWire
Real Brands, Inc. (RLBD) enters into a binding Letter of Intent
with CBD Pharmacy, Inc. to acquire all of their assets
The acquisition includes a total of five (5) trademarks,
including the CBD Pharmacy trademark, as well as four (4) US
utility patents
FORT LAUDERDALE, FL - (NewMediaWire) - May 02, 2017 -
Real Brands, Inc. (OTC PINK: RLBD) is pleased to announced today that 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.
Currently, 29 states and Washington, DC have legalized medicinal
and/or recreational cannabis use and the industry is already
estimated to be approaching $7 billion in revenue, 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 with
sales crossing the $20 billion mark by 2021.*
"The acquisition of the CBD Pharmacy™ trademark, as well as the
rest of this IP, will be a catalyst in RLBD's strategy to build
successful brands in this rapidly expanding industry," said Jerry
Pearring, CEO of Real Brands, Inc. "As a brand building
company, we believe that the strong positioning of these
trademarks, as well as these unique and protected formulas, will
present RLBD immediate opportunities to grow through licensing and
new product development in California, Colorado and
Washington."
About Real Brands
Real Brands, Inc. (RLBD) is a publicly held brand building
company active in the legal cannabis and hemp industry. The Company
recently acquired the Omega Hemp Water™ trademark from Alkame
Holdings, Inc.
*Referenced from Arcview Group
Safe Harbor Statement
Any statements in this press release that relate to Real Brands'
expectations with regard to the future impact on its results are
forward-looking statements within the meaning of the Private
Securities Litigation Reform Act of 1995. The results
anticipated by any or all of these forward-looking statements might
not occur. Real Brands undertakes no obligation to publicly release
the result of any revisions to these forward-looking statements
that may be made to reflect events or circumstances after the date
hereof, or to reflect the occurrence of unanticipated events or
changes in Real Brands' plans or expectations.
Interviews and imagery available upon
request
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