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RLBD: RLBD currently only sells CBD from hemp we do are not severally limited by specific marijuana legislation but we expect consumer awareness to grow as more states contemplate and pass medicinal and recreational marijuana laws.
CIM: What would be a major catalyst for RLBD?
RLBD: Creating a multistate relationship with a national or regional retailer and distributor.
CIM: Are the risks for investors minimized due to the fact RLBD is an ancillary business and do not touch the plant?
RLBD: The risk for RLBD investors are minimized in this regard because we are more focused on a variable expense model. Our fixed overhead is minimal so new growth capital should have a quicker impact on new brand and market launches.
CIM: What is your estimated growth rate over the next 5 years?
RLBD: Since RLBD’s revenue is minimal in 2017 the percentage growth rate will look very attractive in 2018, however we consider critical mass to be $5 million in revenue and will be more comfortable projecting growth rate going forward from this base.
CIM: What will be your three largest annual expenses?
RLBD: Legal, Accounting and Sales and Marketing expenses.
CIM: What year do you expect to be profitable?
RLBD: On an operating basis RLBD
believes that we can be profitable
somewhere between $3 million and
$5 million in revenue.