Real Brands, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2023
May 15, 2023 at 04:51 pm EDT
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Real Brands, Inc. reported earnings results for the first quarter ended March 31, 2023. For the first quarter, the company reported sales was USD 0.022247 million compared to USD 0.006853 million a year ago. Revenue was USD 0.022247 million compared to USD 0.006853 million a year ago.
Net loss was USD 0.752577 million compared to USD 0.266105 million a year ago.
Real Brands, Inc. is engaged in the business of hemp and cannabis industry. The Companyâs primary business is hemp cannabinoids (CBD) oil/isolate extraction, wholesaling of CBD oils and isolate, and manufacturing, production and sales of hemp-derived CBD consumer brands and white label products. It is extracting and refining oils and compounds of interest from hemp cultivars using its processing technology and methodology. Its products consist of oils, tinctures, capsules, topicals, edibles, and pet products. The Company acquires and/or develops brands that CBD and minor cannabinoids are complementary ingredients, and which are conducive to hemp derived infusion or micro encapsulation that is chocolates, cosmetics, edibles, drinks, sprays, tinctures, sub-lingual strips, cooking condiments, powders, vapes, and others. The Companyâs HALO.5 simulated moving bed chromatography system (SMB) is an integrated six-column SMB system designed for isolation and purification of chemical compounds.
REAL BRANDS, INC. 
