Real Brands, Inc. acquired substantially all of the assets of Vapor Shark, LLC.
May 30, 2024
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Real Brands, Inc. (OTCPK:RLBD) entered into an asset purchase agreement to acquire substantially all of the assets of Vapor Shark, LLC on April 26, 2024. Real Brands agreed to acquire the assets for a purchase price of 25,000,000 stock options at an exercise price at the volume weighted average price of the Company?s common stock for the 30 days prior to the announcement of the transaction. The term of the option is 5 years.
Real Brands, Inc. (OTCPK:RLBD) completed the acquisition of substantially all of the assets of Vapor Shark, LLC on April 26, 2024.
Real Brands, Inc. is engaged in the business of hemp and cannabis industry. The Companyâs primary business is hemp cannabinoids (CBD) oil/isolate extraction, wholesaling of CBD oils and isolate, and manufacturing, production and sales of hemp-derived CBD consumer brands and white label products. It is extracting and refining oils and compounds of interest from hemp cultivars using its processing technology and methodology. Its products consist of oils, tinctures, capsules, topicals, edibles, and pet products. The Company acquires and/or develops brands that CBD and minor cannabinoids are complementary ingredients, and which are conducive to hemp derived infusion or micro encapsulation that is chocolates, cosmetics, edibles, drinks, sprays, tinctures, sub-lingual strips, cooking condiments, powders, vapes, and others. The Companyâs HALO.5 simulated moving bed chromatography system (SMB) is an integrated six-column SMB system designed for isolation and purification of chemical compounds.
REAL BRANDS, INC. 
