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Thursday, October 12, 2017 1:50:05 PM
I think this could easily go to .25 to even .30 once real retail steps in here, but regardless things looking good here
Last Updated: Oct. 11, 2017
Ludlow Research Upgrades Target on RLBD of $0.15 to $0.20 Per Share
(NEW YORK)–Ludlow Research upgrades coverage on Real Brands, Inc.(OTC: RLBD), a portfolio of consumer packaged goods and brands, with a ‘speculative’ short-term valuation target of $0.15 to $0.20 per share based on acquisition of CBD Pharmacy.
Summary
Based on the acquisition of CBD Pharmacy and their entrance into marijuana cigarette and vaporization market, first production run of Omega Hemp Water expected late 2017, and public float of only around 7 million shares, Ludlow Research has upgraded its coverage on RLBD with a 'speculative' valuation target of $0.15 to $0.20 per share.
Share Structure
As of October 2017, the Company had roughly 80 million shares issued and outstanding, and a public float of only 7 million shares.
CBD Pharmacy - Marijuana Cigarettes
The Company recently acquired the CBD Pharmacy trademark™ plus four (4) US utility patents for the manufacture of consumable legal cannabis and hemp products as defined by the states on
a state by state basis.
In addition RLBD has also agreed to acquire four (4) Colorado trademarks for use in legal cannabis and hemp products.
The four (4) additional Colorado trademarks are:
Marijuana Cigarettes
Cannabis Cigarettes
Hemp Cigarettes
Cannabis Smoke Tobacco
Currently, 28 states and Washington, DC have legalized medicinal and/or recreational cannabis use and the industry is already estimated to be a multiple billion dollar industry, making the timing for brand building optimal. As consumers become increasingly aware of the medicinal benefits of Cannabis and CBD’s, the industry is expected to continue growing over 20% annually through
2021.*
“Since signing the binding letter of intent in May of this year we have been focusing on the CBD Pharmacy line and we have finalized the new CBD Pharmacy™ logo and packaging design,” said Jerry Pearring, CEO of Real Brands, Inc. “We anticipate our licensees will introduce the CBD Pharmacy line of Vape Cartridges into several states in the coming months, while we simultaneously develop new products for the CBD Pharmacy line and explore opportunities for all of our trademarks and utility patents.
http://www.ludlowresearch.com/reports.html
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