Right on Brands, Inc. Reports Record 2nd Quarter

Rhea-AI Summary

Right on Brands, Inc. (OTC PINK: RTON) reported its quarterly 10-Q for the period ending September 30, 2021, showcasing record gross sales exceeding $237,000. October 2021 saw continued record sales for both the company and its Austin location. Management anticipates setting a new sales record for Q4 2021. The company is actively searching for additional store locations and plans to launch new Delta 9 gummies and cookies, as well as HHC edibles. CEO Jerry Grisaffi noted a reduction in liabilities by $500,000, reflecting improved cash flow and growth potential.

Positive

• Record gross sales for Q3 2021 of over $237,000.
• Continued record monthly sales in October 2021.
• Anticipation of new sales record for Q4 2021.
• Reduction of overall liabilities by approximately $500,000.
• Increased corporate cash flow from new store opening.

Negative

• None.

Dalles, Texas, Nov. 16, 2021 (GLOBE NEWSWIRE) -- Right on Brands, Inc. (OTC PINK: RTON), a fully reporting SEC filer and developer of a broad line of hemp-based smokables, beverages, tinctures, and topical products including products infused with CBD, Delta-8, Delta-10, THCV, CBDV, THC and Delta-9 (below the federal limit), announced today the company has filed it's 10-Q Quarterly Report for the quarter ending September 30, 2021 showing record gross sales for the quarter of over $237,000. In addition, the company is reporting that in October 2021, the company and its licensed store in Austin, Texas both had record monthly sales. Finally, the company expects that the Company’s sales for the quarter ending December 31, 2021 to also be a new record.

The company also issued the following corporate update: the company is still looking for another company owned location in the greater Dallas/Fort Worth area and speaking with persons about licensed store locations in other areas. In addition, the company is also announcing today that its subsidiary, ENDO Brands is launching federally legal, by dry weight, Delta 9 gummies and cookies as well as HHC edibles and smokeable flower and vapes. The new products are the cutting edge in cannabinoid products and are designed to replace Delta 8, should the ban be upheld in Texas.

Jerry Grisaffi, CEO of Right on Brands, commented that the new store opening has increased corporate cash flow and that as of September 30, 2021, the company has reduced its overall liabilities approximately by $500,000 compared to the previous quarter. "The ENDO brands stores sales are steadily increasing, and the company is on its way from a developmental corporation to a profitable entity. We are very excited about the growth of the ENDO Brands chain and profitability on quarter-to-quarter basis."

Finally, the company is aware of the news of draft legislation by Rep. Nancy Mace concerning the legalization of cannabis and is following its development very excitedly.

About ENDO Brands:

ENDO Brands™, Humbly Hemp®, and ENDO Dispensary & Wellness™ All share the same goal of providing our customers with the best products in the health and wellness space. As the field of health and wellness products expand, Right on Brands will be there with industry-leading Food and Beverage and wellness Products.

About Right on Brands

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 and topical products. 

The 10-Q for the quarter ending September 30, 2021 can be found here:
https://www.sec.gov/Archives/edgar/data/0001580262/000147793221008315/rton_10q.htm

To learn more, please visit: https://www.EndoBrands.com

E-email Inquiries: info@endobrands.com

Corporate Sales: Mike Brown (214) 736-7252

ENDO Brands Corporate Store:
6501 Dalrock Road
Suite 100 
Rowlett, Texas 75089  
214-299-9528

Austin Licensed Location:
12412 Limerick Avenue (at the corner of Limerick and Parmer Lane_
Austin, Texas 75087
www.endoofaustin.com
512-621-0649

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.

FAQ

What were Right on Brands' sales figures for Q3 2021?

Right on Brands reported gross sales exceeding $237,000 for Q3 2021.

How did Right on Brands perform in October 2021?

In October 2021, Right on Brands and its Austin location achieved record monthly sales.

What are the future sales expectations for Right on Brands?

Right on Brands expects to set a new sales record for the quarter ending December 31, 2021.

What new products is Right on Brands launching?

Right on Brands is launching Delta 9 gummies and cookies, alongside HHC edibles and smokeable flower.

How much has Right on Brands reduced its liabilities?

Right on Brands has reduced its overall liabilities by approximately $500,000 compared to the previous quarter.