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Right On Brands, Inc. (RTON) is a Dallas-based consumer goods company specializing in the brand development and distribution of hemp-based products, including smokables, oils, and topical products. The company is dedicated to exploring emerging ingredients and processes to create innovative food and beverage brands. Right On Brands currently offers two primary brands:
- Endo Brands: A line of hemp extract products and supplements designed to enhance wellness in daily life. This includes Endo Water, a herbal flavored water infused with Endo hemp oil and essential oils, as well as Endo Drops, a daily CBD supplement.
- Humbly Hemp: A range of junk-free snacks powered by hemp protein, offering a plant-based protein source rich in amino acids.
With a focus on health and wellness, Right On Brands is committed to providing high-quality products that meet the evolving needs of consumers. The company operates stores in Texas and Florida and is expanding its product line to include non-cannabis health and wellness products.
Right on Brands Inc (OTC Pink: RTON), specializing in hemp-derived wellness products, has announced a 1-for-250 reverse stock split approved by its Board of Directors. This move aims to enhance its appeal to institutional investors by reducing the total authorized shares to 100 million. After the split, outstanding shares will decrease from approximately 5.86 billion to 23.45 million.
The company believes this will eliminate trading price hurdles and maintain eligibility for certain funds' investment criteria, while remaining committed to growth.
Right on Brands, Inc. (OTC PINK: RTON) has launched Endo Franchise Group Inc in Texas to oversee franchising operations. The company aims to open seven Endo stores, with the first expected in Dallas by mid-January 2023. Its Reg A was approved by the SEC on December 8, 2022, enabling fundraising for brand expansion and additional corporate stores. The new website is operational, offering a 20% discount on products. Right on Brands specializes in hemp-derived products, including CBD and Delta variants, positioning itself for growth in health and wellness markets.
Right on Brands (OTC PINK: RTON) announced a Reg A offering to raise $1,500,000 to expand operations. The funds will enable the opening of three new corporate stores in Dallas and enhance marketing efforts. Initial inventory for new locations in Miami, Houston, and Plano is set to arrive soon, with openings expected in the coming weeks. The company is also upgrading its website and social media presence. New products, including HHC vapes and Delta 9 THC edibles, have been launched as part of ongoing franchise expansion plans with FMS Franchise Group.
Right on Brands, Inc. (OTC PINK: RTON) reported a revenue of $997,100 for the year ending March 31, 2022, with a gross margin of $440,012. Despite total operating expenses of $495,697, the net loss was $257,016. Positive news includes a profit of over $190,000 in the filing for the first quarter ending June 30, 2022. The company is expanding with new store openings in Texas, including Dallas and Houston, and is making progress with its franchising deal. Furthermore, they are enhancing their bookkeeping processes and searching for a new CFO.
Right On Brands, Inc. (OTC Pink: RTON) has announced a partnership with Franchise Marketing Systems (FMS) to develop a franchise model for the ENDO Dispensary and Wellness Brand. The agreement aims to create comprehensive franchise marketing materials and a scalable business strategy, supporting new franchisees with operational training and resources for successful store openings. CEO Jerry Grisaffi expressed optimism for nationwide expansion, highlighting FMS's experience and belief in the ENDO product line.
Right on Brands, Inc. (OTC PINK: RTON) is expanding its retail presence with a new ENDO Dispensary and Wellness location in Miami, Florida. This marks the first store outside Texas and is part of a planned five-store opening initiative in the Miami area. CEO Jerry Grisaffi reported strong sales performance in existing stores, forecasting over one million dollars in sales during its first full year. The company's product range includes various hemp-based consumables and wellness products, including the newly launched HHC vapes and tinctures.
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