Friday, March 01, 2024 8:09:20 AM
On February 29, 2024, the Company created a new subsidiary named California Best Product, Inc., organized to facilitate partnerships with California-based hemp brands. The Company contemplates maintaining majority control of the new entity with minority stakes being granted to future partners. Right On Brands, Inc. has entered into negotiations with various major California hemp brands with the aim of creating partnerships whereby such brands will be offered to consumers via the Company’s growing distribution network. While the Company has entered these negotiations and it believes such partnerships are likely, no such partnerships have been signed as of yet. There can be no assurance that such relationships will be formed, or that any other agreement or transaction will occur.
https://www.otcmarkets.com/filing/html?id=17328932&guid=BEd-kF3ChkXCJth
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