LOS ANGELES, CA, Nov. 05, 2018 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE –Right on Brands Inc.™ (OTCQB: RTON) has prepared a statement to discuss corporate operations as the 3rd fiscal quarter has drawn to a close. Corporate CEO, Ashok Patel, discusses the growth, future direction of the company, and its relationship to the multibillion-dollar cannabis industry.
"Right on Brands has grown considerably in the last year which has transitioned from a development stage company to an actual revenue producing company in 2018. We have launched Humbly Hemp™ and ENDO Brands™ that have enjoyed success building sales while distributing these products to a growing retail customer base. The launch of ENDO Labs was our next priority, and this occurred in the Spring 2018. ENDO Labs is our new product development arm and private label development and manufacturing division.
"Revenues have been steadily increasing and our flagship CBD infused ENDO Brands™ product line is leading the way. We believe our ENDO Water™ product has the best solubility of any CBD water available today. We have been contacted by other companies who share in the belief that ENDO Labs excels in the ability to formulate CBD based products into palette pleasing products. We are pleased to announce we are finalizing several exciting new distribution and product development contracts with companies that have long established beverage industry backgrounds. These announcements will be revealed in the 4th. quarter 2018.
“Right on Brands rapid growth is responsible for its own set of problems. Due to technical error storing data, audits taking longer than expected created accounting delays in recent quarterly reports. The June 30th report is now filed and it is in compliance with Section 906 of the Sarbanes-Oxley Act of 2002. Our accounting issues have now been addressed and we are implementing a set of controls to prevent this problem in the future.
"Beginning in early 2019 look for the launch of the Humble Water Company™. Humble Water™ is high in natural alkalinity and pure as the driven snow. This product will be available soon."
About Right On Brands Inc.:
Right On Brands Inc.™ is a Los Angeles, California based consumer goods company specializing in brand development of health conscious, cannabis based food and beverage products. Right On Brands consists of four subsidiaries Humbly Hemp™, Endo Brands™, Humble Water Company™, and ENDO Labs™. Visit our corporate website at: https://RightOnBrands.com
Humbly Hemp™ is our snack line of hemp-based foods that will delight the palette of consumers and thrill retailers with Americas fastest growing food category.
Endo Brands™ CBD's are a healthy addition increased wellness in your life. CBD oil
can now be formulated to be used in food, drink and your favorite snacks.
Endo Water™ is pH balanced, micro-clustered for antioxidant protection and oxygenated for improved performance and energy. Available in four flavors: Pure, Lemon Lime, Cucumber, Watermelon
Endo Drops are alcohol free MCT oil based tinctures that are simply dropped right into your mouth. Tinctures are a discreet method of administration making it a good option for patients who require multiple treatments throughout the day. Available in three flavors Berry and Mint.
Order Endo Brands products at: https://www.endobrands.com/
Humble Water Company™ is proud to present Earth’s Circle™, a natural spring water sourced from a pristine ancient ice age aquifer at the foothills of the mighty Rocky Mountains located at the only triple watershed in North America. Our water source is surrounded by wilderness and protected by the Blackfeet Indians to provide the purest of water sources. The deep underground aquifer ensures Humble Water™ doesn’t require any man-manipulated purification processes. Humble Water™ is high in natural alkalinity and pure as the driven snow. This product will be available soon.
ENDO Labs™ offers fully supported "White Label" cannabis-based products that can be customized for resellers with their own custom packaging. Our prepackaged solutions fit your needs immediately, is cost effective and ready for easy deployment.
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Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.