Fort Lauderdale, FL, Oct. 19, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Real Brands, Inc. (Pink Sheets: RLBD), and Dragons, Ltd. announce that they have mutually agreed to terminate the October 2017 license agreement, which granted Dragons, Ltd exclusive rights to commercialize CBD Pharmacy® branded products worldwide.
Under the terms of this agreement, Real Brands will regain all rights to the CBD Pharmacy® trademark it owns for the existing vape cartridge business and all new CBD Pharmacy products worldwide. Real Brands, Inc. will also receive the sufficient inventory of CBD Pharmacy® branded vape cartridges to enable a smooth transition and ensure that retail customers will continue to have supply.
"We believe that the CBD Pharmacy® trademark will develop faster and more efficiently under our direct efforts,” said Jerry Pearring, CEO of Real Brands, Inc. “We have over 50 loyal retail accounts buying CBD Pharmacy Vapes in the South Florida market. And as a result of this agreement, we will ensure that the CBD Pharmacy® brand will receive all the support required to grow through new and established distribution channels for CBD products, which will include adding new SKU’s and expanded geography that we believe will accelerate our growth in 2019.”
About Real Brands
Real Brands, Inc. (RLBD) is a publicly held brand building company active in the legal cannabis and hemp industry. The Company recently acquired the Omega Hemp Water™ trademark from Alkame Holdings, Inc. and the CBD Pharmacy® trademark.). For additional information contact:
Jerry Pearring
Jerry@realbrandsusa.com
855 508-7325
Safe Harbor Statement
Any statements in this press release that relate to Real Brands’ expectations with regard to the future impact on its results are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The results anticipated by any or all of these forward-looking statements might not occur. Real Brands undertakes no obligation to publicly release the result of any revisions to these forward-looking statements that may be made to reflect events or circumstances after the date hereof, or to reflect the occurrence of unanticipated events or changes in Real Brands’ plans or expectations.
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