Real Brands, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 04:16 pm EDT
Share
Real Brands, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 0.02025 million compared to USD 0.000757 million a year ago. Revenue was USD 0.02025 million compared to USD 0.000757 million a year ago. Net loss was USD 0.188443 million compared to USD 0.246671 million a year ago.
For the six months, sales was USD 0.042497 million compared to USD 0.00761 million a year ago. Revenue was USD 0.042497 million compared to USD 0.00761 million a year ago. Net loss was USD 0.94102 million compared to USD 0.512778 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. 
