Real Brands Acquires Vapor Shark Assets
Real Brands Inc. (OTCPK: RLBD) has signed a letter of intent to acquire Vapor Shark assets, a pioneer in online B2B and B2C business with robust sales channels. The acquisition will provide new distribution channels, enabling Real Brands to tap into the $29.3 billion tobacco and hemp vapor market by 2029.
The acquisition of Vapor Shark assets will bring new distribution channels to Real Brands, enhancing its market presence and potential for growth.
The deal will allow Real Brands to enter the rapidly growing tobacco and hemp vapor industry, which is expected to reach $29.3 billion by 2029.
- None.
North Providence, RI, May 01, 2024 (GLOBE NEWSWIRE) -- Real Brands Inc. (OTCPK: RLBD) announced today that it has signed a letter of intent (LOI) to acquire substantially all the Vapor Shark assets.
Since 2010, Vapor Shark has been a pioneer in the online B2B and B2C business, developing robust and untapped sales channels and e-commerce back-end pick and ship capabilities able to manage regulated product distribution. It also maintains recognizable service brand reputation in the vapor markets. Highlights of Vapor Shark capabilities have been:
- capable of large volume distribution.
- 9+ years of combined experience in consumer-packaged goods and compliance.
- A full complement of certifications and registrations.
- The highest quality and efficacious ingredients with full transparency.
“The Vapor Shark transaction brings an established brand in the vapor consumer and retail markets to Real Brands,” explained Thom Kidrin, President & CEO of Real Brands Inc. “This deal will bring new distribution channels to Real Brands that would enlarge Real Brands’ existing distribution channels. This outstanding opportunity should enable Real Brands to capture market share of the tobacco and hemp vapor industry, which is expected to grow to
# # #
Contacts:
Media Relations: Accentuate PR, Julie Shepherd 847 275 3643, julie@accentuatepr.com
Sales/Investors: 617-725-8900, info@realbrands.com
About Real Brands Inc.
Real Brands is the result of a 2020 merger with Canadian American Standard Hemp Inc. (CASH) that brought together industrial scale hemp CBD oil/isolate extraction and processing, wholesaling of CBD oils and isolate, and production and sales of numerous hemp-derived CBD consumer brands of smokable, edible and topical products. Its Halo 5 is a proprietary chromatography extraction technology utilizing a Simulated Moving Bed (SMB) that provides the advantage of producing large quantities of highly purified material and precise pharmaceutical grade molecular separation at dramatically reduced costs. Visit https://www.realbrands.com/. Consumer product lines are available on https://wabrands.com/, https://phazesports.com/, and https://americanstandardhemp.com/.
We invite you to follow us on social media”
https://www.linkedin.com/company/real-brands-inc/
https://twitter.com/RealBrandsInc
Forward-Looking Statements
This release contains certain forward-looking statements and information relating to Real Brands, Inc. (the “Company”) that are based on the current beliefs of the Company’s management, as well as assumptions made by, and information currently available to, the Company. Such statements reflect the current views of the Company with respect to future events and are subject to certain assumptions, including those described in this release. Should one or more of these underlying assumptions prove incorrect, actual results may vary materially from those described herein as “should,” “could,” “will,” “anticipate,” “believe,” “intend,” “plan,” “might,” “potentially” “targeting” or “expect.” Additional factors that could also cause actual results to differ materially are related to risk factors described in our public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above are not incorporated herein.
FAQ
<p>What assets did Real Brands acquire?</p>
Real Brands Inc. signed a letter of intent to acquire substantially all the Vapor Shark assets.
<p>What are the highlights of Vapor Shark capabilities?</p>
Vapor Shark has large volume distribution capabilities, 9+ years of experience in consumer-packaged goods, compliance expertise, certifications, registrations, and high-quality ingredients with full transparency.
<p>Who is the President & CEO of Real Brands Inc.?</p>
Thom Kidrin is the President & CEO of Real Brands Inc.
<p>What is the expected growth of the tobacco and hemp vapor industry by 2029?</p>
The tobacco and hemp vapor industry is expected to grow to $29.3 billion by 2029.
