- Brings collectively proprietary hemp-derived CBD extraction, wholesale CBD oils/isolates, CBD product formulations and shopper manufacturers into public entity
- Real Brands appoints Thom Kidrin as CEO
North Providence, RI and Weston, FL, Oct. 27, 2020 (GLOBE NEWSWIRE) — Real Brands Inc. (OTCPK: RLBD) has accomplished a reverse merger to amass Canadian American Standard Hemp Inc., (CASH) efficient instantly. Real Brands’ title and buying and selling image can be maintained, with CASH shareholders buying majority management of Real Brands. CASH will proceed to function as a wholly-owned subsidiary of Real Brands. Thomas Kidrin, CEO of CASH, has been named Chief Executive Officer (CEO) of Real Brands, changing former Real Brands CEO Jerry Pearring.
Real Brands’ new headquarters would be the newly renovated/constructed CASH headquarters and hemp processing facility at 12 Humbert St., in North Providence, RI.
“This strategic merger with Real Brands is designed to drive increased shareholder value and provide the public with an opportunity to participate in the growing global hemp-derived CBD market,” said Thom Kidrin, new CEO of Real Brands. “With access to the capital markets now, we anticipate it will be easier and faster to fund our next phases of expected growth.”
CASH is an early entrant within the hemp-derived CBD market, specializing in hemp CBD oil/isolate extraction, wholesaling of CBD oils and isolate, and manufacturing and gross sales of hemp-derived CBD shopper manufacturers. Its Halo 5 is a proprietary chromatography extraction know-how using a Simulated Moving Bed (SMB) engineered course of for chromatographic separation. The SMB course of is advantageous inasmuch because it offers massive portions of extremely purified materials and exact pharmaceutical grade molecular separation at dramatically decreased prices.
All of CASH’s hemp processing capabilities and types, together with American Standard Hemp® (A.S.H. ®), WA® and Zen Pets Treats™, and proprietary product formulations created by world famend chemist Dr. Adel Rammal, PhD. can be retained following the merger. Dr. Rammal beforehand served as CASH’s Chief Scientific Officer and can be staying on at Real Brands in that capability. Following the merger, CASH will proceed to personal and function its web pages: www.cashinc.com; wabrands.com; ZenPetsTreats.com and americanstandardhemp.com.
Real Brands’ a number of current CBD manufacturers together with CBD Pharmacy®, Omega Hemp®, and Humboldt® weren’t included within the merger and can be owned by a separate entity.
The acquisition of CASH brings with it CASH’s affiliation with Turning Point Brands, Inc. (NYSE: TPB), a strategic fairness shareholder and investor in CASH, in addition to a buyer for bulk CBD oils and isolates utilized in Turning Point merchandise. Turning Point has greater than 250,000 factors of distribution with main manufacturers reminiscent of Zig-Zag®, Stoker’s®, and Beech Nut®.
“Our strategic relationship with TPB is invaluable, as they offer unique expertise and experience in brand launch and marketing, in addition to being a valued major customer,” famous Kidrin.
“We are pleased to complete this transaction with CASH and believe the combined companies will provide increased value to our current shareholders that far exceeds the value of the two entities separately,” stated, Jerry Pearring, former CEO of Real Brands “There are real synergies between the two companies and I am confident their strategic plans promise a bright future for the shareholders.”
Peter N. Christos, a member of the Board of Directors for each Real Brands and CASH, assisted in facilitating the merger and said, “Knowing both Thom Kidrin and Jerry Pearring for decades, and the many shared resources between the two companies, the idea of this merger was natural. Enabling CASH to become a publicly traded entity via this transaction should allow the organization to more quickly take advantage of its growing opportunities. I expect this merger will be advantageous to both companies’ respective shareholders.”
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