Right on Brands, Inc. Reports Earnings Results for the Third Quarter Ended December 31, 2020
June 23, 2021 at 11:17 am EDT
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Right On Brands, Inc. announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced sales was USD 2,767 compared to USD 106,434 a year ago. Operating loss was USD 80,270 compared to USD 196,265 a year ago. Net loss was USD 92,055 compared to USD 182,382 a year ago. For the nine months, sales was USD 23,348 compared to USD 315,091 a year ago. Operating loss was USD 322,046 compared to USD 602,384 a year ago. Net loss was USD 901,723 compared to USD 1.705 million a year ago. Basic eps - continuing operations was USD 0 compared to basic loss per share from continuing operations of USD 0.01 a year ago.
Right on Brands, Inc. is engaged in the sale of health and wellness products. The Companyâs business is conducted through its wholly owned subsidiaries, Endo Brands, Inc. (Endo Brands), Endo Wellness Centers, and Humble Water Company. The Company creates and markets a line of cannabidiol (CBD) consumer products. It creates brands with functional ingredients, and its focus is industrial hemp, hemp derived cannabinoids, and high alkaline water. Its Endo Brands include ENDO Drops, ENDO Ease, ENDO Tokes, and ENDO Gummies. ENDO Drops is a daily CBD, CBN or Delta-8 supplementation. ENDO Ease is its Endo Select Hemp Oil used as either a warming lotion, cooling lotion or salve. Its ENDO Tokes products are a range of products made for people who would rather smoke their CBD or Delta-8. It sells three different types of gummies, such as CBD, CBD and Melatonin, and Delta-8. The Company uses various manufacturers and co-packers to create its Endo branded products.
RIGHT ON BRANDS, INC. 
