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    RTON   US76658P1093


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Right on Brands Pays off Convertible Debt Holders, Files 10-K

04/01/2021 | 03:50pm EDT

Dallas, Texas--(Newsfile Corp. - April 1, 2021) -   Right on Brands, Inc.™ (OTC Pink: RTON) is a developer of a broad line of hemp-based foods, beverages, tinctures, and topical products including the exciting new 100% federally legal Delta-8 product line. Right On brands is proud to announce that the Company has paid off the three convertible debt holders.

Jerry Grisaffi, CEO of Right on Brands noted, "Like most small companies, there is a need for capital and the big lenders shy away from small companies such as ours. We now believe that by paying off these lenders the Company is on a better track. We took on one new note from a more friendly lender, the note is for $140,000 and has a fixed conversion of .015 cents. In six months if we so chose, we could pay the note off with no penalty. This note was used to pay off two convertible lenders. In addition, a third lender chose to convert its note to stock so now we have no upcoming conversions." Grisaffi also noted, "We have filed our 10-K today on our quest to becoming a fully reporting company again with the SEC. This was a long and costly process and time consuming. Now our accountants and auditors will be completing the quarterlies and we believe that this process will be completed by the end of April or sooner. Now that Texas is open from COVID, our sales are coming alive as our products are becoming a choice product in the marketplace. We believe the retail store will help our bottom line. We will always be transparent with our shareholders and will always answer questions that are in the public domain. We also love to answer questions concerning our products."

Corporate Website: https://endobrands.com/

Wholesale Website Update:

To streamline ordering for the growing list of Wholesale customers, ENDO Brands has now developed an easy ordering Wholesale section for commercial accounts. The new Wholesale section has had several important modifications making it easier to order. ENDO Brands receives new dealer applications thru the portal and processes purchase orders. For most wholesale orders placed prior to 10am central time those orders are shipped same day.

"Right on Brands has a premium location that features our products in a demographically robust community. Wholesale clients gives retail and wholesale clients a great example of the ENDO Brands product line. With a retail showroom, clients will now be able look, touch and embrace the entire product line of ENDO Brands," says Michael Brown, Vice President of National Sales. "The state of Texas is now open for business as per Governor, Greg Abbott and retail customers can now transition back to normalcy. We expect retail sales to be brisk in the spring at the new ENDO Brands location."

About Right on Brands, Inc.:

Right On Brands, Inc., (OTC Pink: RTON) is a Dallas-based, consumer goods company specializing in the brand development and distribution of Hemp based foods, beverages, smokables, oils, topicals including both CBD and Delta-8 products for health-conscious individuals.

Become an ENDO Brands™ retailer:

If you are a food and beverage or consumer products distributor seeking to sell our high margin product lines of CDB-infused beverages, smokables, or our CBD and Delta-8 edibles, oils and topicals and vapes please contact our sales department.

Email: info@endobrands.com

Corporate Sales:
Mike Brown OR Jerry Grisaffi (214) 736-7252 ext 302

For more information please visit: https://endobrands.com/

Try our products today!

25% off of your entire purchase use the discount code "SPRING25"

Forward Looking Statements:

This press release contains information that constitutes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All such forward-looking statements involve risk and uncertainties that could cause actual results to differ materially from any future results described by the forward-looking statements. Risk factors that could contribute to such differences include those matters more fully disclosed in the Company's reports filed with the SEC. The forward-looking information provided herein represents the Company's estimates as of the date of this press release, and subsequent events and developments may cause the Company's estimates to change. The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company's estimates of its future financial performance as of any date subsequent to the date of this press release.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/79242

ę Newsfilecorp 2021
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Financials (USD)
Sales 2020 0,33 M - -
Net income 2020 -3,48 M - -
Net Debt 2020 0,60 M - -
P/E ratio 2020 -0,02x
Yield 2020 -
Capitalization 13,7 M 13,7 M -
EV / Sales 2019 15,1x
EV / Sales 2020 2,43x
Nbr of Employees 2
Free-Float 99,5%
Duration : Period :
Right On Brands, Inc. Technical Analysis Chart | MarketScreener
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Income Statement Evolution
Managers and Directors
Jerry Grisaffi Chairman & Chief Executive Officer
A. David Youssefyeh Chief Financial Officer & Director
David M. Lewis Director
Daniel Crawford Secretary & Treasurer
Vic Morrison Executive VP-Corporate Development
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