Business
Real Brands Signs Letter of Intent to Acquire Assets of Boulder Botanical
Real Brands Signs Letter of Intent to Acquire Assets of Boulder Botanical.
About this update from Real Brands, Inc.
[{"type":"text","content":"\n North Providence, RI, and Golden, CO, June 02, 2022 (GLOBE NEWSWIRE) -- Real Brands Inc. (OTCQB: RLBD) announced today that it has signed a letter of intent (LOI) to acquire substantially all the assets of Boulder Botanicals & Biosciences Laboratories, Inc. (Boulder Botanical), a manufacturer of white-label and private-label CBD and non-CBD products. The acquisition will include Boulder Botanical’s brands, IP, distribution and 27,000 sq. ft. R&D and production facility in Golden, Colorado. On April 22, 2022, Boulder Botanical became a subsidiary of Frankens Investment Fund, LLC. This proposed transaction remains subject to a definitive agreement and due diligence. A formal closing is expected within the next few weeks. Since 2018, Boulder Botanical has designed leading cannabinoid formulations and provided well-recognized, white-label manufacturing services. Highlights of Boulder Botanical’s facilities and capabilities include: Original product development and research, consumer products, and fulfillment services for products distributed through some of the nation’s largest retail channels, including CVS, Sam’s Club, Target, Whole Foods, Safeway, Costco, 7-Eleven, and Circle K.One of the largest and most efficient manufacturing platforms in the CBD sector. It supports multiple production lines for over 150 proprietary formulations spanning cosmetics, topicals, tablets, drink powders tinctures, ointments, gels, energy shots, roll-ons, supplements, and more.In-house brands that include APRA™, SmartLeef™, and dozens of white-label brands. Boulder Botanical’s production facility is capable of large volume production and scaling.25+ years of combined experience in consumer-packaged goods and compliance.A full complement of certifications and registrations, including FDA-Registered Manufacturing/Distribution & Fulfilment, GMP quality assured, Certified Kosher Ingredient Supplier, CODPHE Licensed Manufacturing Facility, CO Dept of Ag Hemp Seed Seller and Grower License, International Cosmetic Ingredient Assignment Registration for supply Cosmetic Industry.The highest quality and efficacious ingredients with full transparency from seed to shelf. “The Boulder Botanical’s transaction will augment Real Brands’ existing portfolio of branded products and expand i...