FORT LAUDERDALE, Fla.--(BUSINESS WIRE)--Real Brands, Inc. (OTC: RLBD), today is announcing that we have signed a Letter of Intent with Wonder Labs, LLC to create a joint venture to leverage Real Brands brand building and sales capabilities with Wonder Labs product development and production capabilities. The joint venture will focus on accelerating development of innovative hemp derived CBD and other unique high-value consumer products and launching these products online and through traditional retail channels.
“As we prepare to launch our HempAid®, Humboldt Brands®, Omegahemp™ and CBD Pharmacy™ brands, we have identified areas where we might benefit from additional resources,” said Real Brands, CEO Jerry Pearring. “By combining certain of Real Brands resources with Wonder Labs, we expect both parties will benefit from the other parties’ distinct strengths while creating a joint venture that is broader in scope than either company individually,” said Pearring.
“As the hemp derived CBD consumer products marketplace evolves, new product innovation and speed to market are becoming increasingly important,” commented Wonder Labs CEO Vicky Arbelaez-Scoates. “We believe this joint venture not only enhances our efforts in these areas, but it also favorably impacts multiple other aspects of our existing operations as well.”
Real Brands will have a controlling interest in the joint venture while assuming and performing all management and operational functions of the joint venture. In addition, Wonder Labs will initially contribute a new consumer product brand with innovative formulas while overseeing production of all products developed and launched by the joint venture through its affiliated owned and operated GMP and FDA certified manufacturing facility.
About Real Brands
Real Brands, Inc. (OTC: RLBD) is a publicly held company. Real Brands' vision is to be recognized as a leading brand building company in the legal Hemp-Derived CBD consumer products category. Real Brands plans to create a unique marketing strategy for each of its brands: CBD Pharmacy™, Omegahemp™, Humboldt Brands®, Hemp-Aid® and HempAid®. Real Brands aims to grow and expand by focusing on CBD Categories including ingestible and topical skin care products.
For additional information go to www.realbrandsusa.com.
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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.