Real Brands (OTCPK: RLBD) has received a "No further comments" letter from the SEC on its Form 10 filing, enabling it to apply for uplisting to the OTCQB. This move signifies its compliance as a publicly traded company. President and CEO Thom Kidrin noted that this transition should enhance attractiveness to investors and facilitate capital raising for growth. The company has been restructuring and developing new products, anticipating improved access to raw materials as supply chains normalize, which could lead to increased production and shareholder value.
Real Brands Inc. (OTCPK: RLBD) has filed a Form 10 with the SEC, marking its transition to a fully compliant reporting publicly traded company. The company has completed two years of audited financial records and appointed independent directors to its Board. President Thom Kidrin emphasizes this milestone enhances transparency, attracting more investors and enabling capital raising for growth. Following a strategic merger in 2020, the stock price has tripled, and with improving supply chains, better business performance is anticipated.
Real Brands Inc. (OTCPK: RLBD) has shared insights from CEO Thom Kidrin following its merger with Canadian American Standard Hemp Inc. (CASH), enhancing its position in the hemp CBD market. The merger provides access to Turning Point Brands, Inc. (NYSE: TPB), which holds over 23% equity in RLBD and offers substantial distribution capabilities. Kidrin emphasized the company's strategic focus on branded CBD products to navigate the market's commoditization post-Farm Bill, aiming for growth and shareholder value.