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RLBD continued: RLBD began our transition into the legal cannabis and hemp space in April 2017 with the acquisition of Omega Hemp Water and completed the acquisition of CBD Pharmacy in September 2017.
In October 2017 we licensed the CBD Pharmacy trademark to the group we acquired the trademark from and collected our first Royalty check in November for October sales of CBD vape cartridges sold in Texas.
In addition, RLBD began self-distributing CBD Pharmacy, CBD Vape Cartridges in South Florida in November. We anticipate launching Omega Hemp Water in the first quarter 2018 and are currently look at several additional brand acquisitions.
CIM: Seems like you’re in several different businesses, will that distract you from your core business?
RLBD: RLBD is focused on brand building and since we own multiple trademarks one of our main objective is to build a strong distribution network in the legal cannabis and hemp space so that each subsequent brand launch can be brought to market more efficiently.
CIM: Is your business only cannabis and hemp related?
RLBD: Yes, RLBD is focused building non-THC hemp brands in the legal cannabis and hemp space.
CIM: Does your products, contain any level of THC?
RLBD: No, at this time RLBD is only focused
on consumer products with no THC
CIM: Explain your revenue model?
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