Real Brands, Inc. (OTC Pink: RLBD) is engaged as a branding and marketing company for the marijuana and hemp industries. Shares of the marijuana branding company are rallying 14.29%, through early trading on Friday, May 5, 2017. Over the past month, Real Brands, Inc. has seen average daily volume of 31,255 shares. However, volume of 215,530 shares or dollar volume of $17,242, has already exchanged hands on Friday.
Shares of Real Brands, Inc. are gaining today, after the company announced it has entered into a Letter of Intent to acquire all intellectual assets of CBD Pharmacy, Inc., a medical cannabis company. The intellectual property includes the CBD Pharmacy trademark and four U.S. utility patents for cannabis products. Here is the full press release detailing of the intellectual property acquisition:
Real Brands, Inc. Press Release:
FORT LAUDERDALE, FL–(Marketwired – May 2, 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, Inc.
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.