RIGHT ON BRANDS FILES 10Q

Rhea-AI Summary

Right On Brands, Inc. (OTC Pink: RTON) has filed its 10-Q for the quarter ending June 30, 2021, reporting a revenue increase to over $140,000, with a cost of sales of only $26,000. This signifies substantial growth compared to the previous year and last quarter. CEO Jerry Grisaffi expressed optimism about the upcoming quarter, expected to be the company’s largest ever, and plans for more licensed dispensaries. Additionally, the company is exploring specialty cannabinoids and has experienced overwhelming retail sales growth.

Positive

• Revenue surged to over $140,000 for the quarter, up significantly from previous periods.
• Cost of sales remained low at $26,000, improving profit margins.
• Plans to open six licensed dispensaries and one additional company-owned store.
• Positive sales traffic observed at the Rowlett retail location.

Negative

• None.

Dallas, Texas, Aug. 13, 2021 (GLOBE NEWSWIRE) -- Right on Brands, Inc.™ (OTC Pink: RTON), a fully reporting SEC filer and developer of a broad line of hemp-based foods, beverages, tinctures, and topical products including products infused with CBD, Delta-8, Delta 10, THCV, CBDV and THCO, announced today that it has filed its 10-Q for the period ending June 30, 2021, thus making the company recent with all of its filings.

Right On Brands is pleased to announce that the 10-Q for the period ending June 30, 2021, shows a jump in revenue to over $140,000 for the quarter while cost of sales was only $26,000. These numbers are a significant improvement from the same quarter during previous year and even the last quarter. Jerry Grisaffi, CEO of the company noted, “Our margins have improved significantly, and this has made us very excited for the future. We believe that the next quarter, which ends September 30, 2021, could by the company’s biggest ever.” In addition, Grisaffi also noted, “Our plan is to have six licensed Dispensary and Wellness centers and another company owned store before the end of the year.”

ENDO is also pleased to announce that it is looking in the direction of products using specialty cannabinoids such as THCV and CBDV and Neurobiology using Nano Emulsions. "These products are designed and engineered, and we believe that these products can be game changers", stated Grisaffi.

"Right On Brands in the last several weeks has been overwhelmed by sales traffic at our retail store in Rowlett, Texas just outside Dallas. Sales has exceeded our expectations", Jerry Grisaffi, CEO of Right on Brands.

ENDO Brands Website:
https://endobrands.com/ 

Try ENDO Brands Products Today At A Discount!
20% off your entire product purchase by using the code “CURRENT20”:
https://endobrands.com/discount/Current20

ENDO Brands Corporate Store:
ENDO Brands at Lakeview Plaza
6501 Dalrock Road, Suite 100 
Rowlett, Texas 75089
www.endodispensaryrowlett.com 

About Right on Brands, Inc.:

Right On Brands, Inc., (OTC Pink: RTON) is a Dallas based, consumer goods company specializing in the brand development and distribution of hemp based foods, beverages, smokables, oils, topical and products.

Become an ENDO Brands retailer:

If you are a food and beverage or consumer products experienced, we are looking for licensed Endo Dispensary operators across the United States.

For more information, please visit: https://endobrands.com/

Wholesale Sales:
Mike Brown: (214) 736-7252 or Mike@RightOnBrands.com

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.

Attachment

• $RTON - Right on Brands, Inc.

FAQ

What are the recent revenue figures for Right On Brands (RTON)?

Right On Brands reported revenue exceeding $140,000 for the quarter ending June 30, 2021.

What is the cost of sales reported by Right On Brands for the latest quarter?

The cost of sales for Right On Brands was reported at $26,000 for the quarter ending June 30, 2021.

What expansion plans does Right On Brands (RTON) have for 2021?

Right On Brands plans to open six licensed dispensaries and an additional company-owned store by the end of 2021.

What products is Right On Brands exploring for development?

Right On Brands is looking into specialty cannabinoids like THCV and CBDV, and products utilizing Nano Emulsions.

How has the retail performance been for Right On Brands?

The company has experienced overwhelming sales traffic at its retail store in Rowlett, Texas.