Right on Brands Withdraws Reg A Filing Due to Rapidly Expanding Improvements in the Company’s Business Prospects for 2024

Rhea-AI Summary

Right on Brands, Inc. (RTON) has withdrawn its REG A offering, effective January 16, 2024, citing improved financial position and promising market conditions. The company aims to avoid selling shares at current market prices and shows optimism in its growth prospects.

DALLAS, Jan. 22, 2024 (GLOBE NEWSWIRE) -- Right on Brands, Inc. (OTC PINK: RTON), a fully reporting SEC company and a leading developer of a diverse range of hemp-based and THCA products, announced today the withdrawal of its REG A offering effective January 16, 2024. The decision reflects the company’s pledge to its shareholders, believing that its improved financial position negates the need to sell shares at current market prices.

Market conditions and the company’s growth prospects are showing rapid signs of improvement, and Right on Brands is optimistic about its future trajectory. With eight established stores and a portfolio consisting of over 100 SKU’s, the company is confident in its potential for explosive growth throughout 2024.

“Our decision to let the REG A offering expire is a strategic move in line with our rock-solid commitment to build shareholder value,” commented Jerry Grisaffi, Chief Executive Officer of Right on Brands.

Mr. Grisaffi concluded his comments by saying: “We believe our strengthened financial position, coupled with the positive market trends, positions us for significant growth in the coming year. Our goal is to have 25 operating stores by the end of 2024 which will be a combination of corporate owned and licensed locations.”

Right on Brands remains committed to operating within the bounds of legal compliance, emphasizing that its products are legal in all 50 states. The company’s expansive product line, combined with a robust strategic growth plan, positions Right on Brands as a key player in the burgeoning hemp and THCA markets and our non-THC products.

About ENDO Brands:

ENDO Brands™, Humbly Hemp®, and ENDO Dispensary & Wellness™ Neuro Science Research Centers Inc, they all share the same goal of providing our customers with the best products in the health and wellness space. As the field of health and wellness products expand, Right on Brands will be there with industry leading wellness Products. Endo Brands has 9 operating stores.

About Right on Brands

Right On Brands, Inc., (OTC Pink: RTON) is a Dallas based, consumer goods company specializing in the brand development and distribution of hemp-based products smokables, oils and topical products. We will soon be adding a line of non-cannabis product to our health and wellness line. There are 8 in Texas and 1 in Florida.

To learn more please visit: https://rightonbrands.com/   www.endobrands.com
www.endodispensaryrowlett.com   
email: mike@rightonbrands.com
Corporate Sales: Mike Brown (214) 299-9528

ENDO Brands Corporate Store:

ENDO Brands at Lakeview Plaza
6501 Dalrock Road
Suite 100 
Rowlett, Texas 75089  
214-299-9528

AUSTIN LOCATION
12412 Limerick at the corner of
Limerick and Parmer Lane
Austin, Texas
512-621-0649

LAREDO LOCATION
Endo Laredo
2413 Jacaman Rd
Laredo Texas 78041
956-568-2300

PLANO LOCATION
601 W. Parker Road
Plano Texas 75023
469-366-9694

PLANO LOCATION
12412 Limerick Ave
Austin Texas 78758
512-621-0649

EAST DALLAS LOCATION
9585 Scyene Rd Ste J
Dallas Texas 75227
214-7929204

MIAMI LOCATION
10850 SW 104^th St
Miami, Florida 33156
786-703-1276

ROCKWALL/HEATH
5739 Horizon Road
Rockwall Texas 75087
214-623-7993

ROCKWALL
316 S Goliad suite 115
Rockwall Texas 75087
469-314-1117

Forward-Looking Statements:

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the SEC. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

 

FAQ

Why did Right on Brands withdraw its REG A offering?

Right on Brands withdrew its REG A offering due to its improved financial position and promising market conditions, believing that selling shares at current market prices is unnecessary.

What is the ticker symbol for Right on Brands?

The ticker symbol for Right on Brands is RTON.

When did Right on Brands withdraw its REG A offering?

Right on Brands withdrew its REG A offering effective January 16, 2024.

What products does Right on Brands develop?

Right on Brands is a leading developer of a diverse range of hemp-based and THCA products.

Why is Right on Brands optimistic about its growth prospects?

Right on Brands is optimistic about its growth prospects due to rapid signs of improvement in market conditions and the company's financial position.