(CORRECTION - The correct symbol for Turning Point Brands mentioned in this article is (NYSE:TPB))
Real Brands, Inc. (OTCMKTS: RLBD) is attracting attention from investors. RLBD is in the fast-growing marijuana/hemp space with proprietary brands.
But the real interest in RLBD stock is the Company's affiliation with Turning Points Brands, Inc. (NYSE: TPB) and $9 billion assets under management (AUM) hedge fund Standard General.
This is not a typical pink sheet penny stock. TPB owns 23% equity interest in RLBD stock. In turn, private hedge fund Standard General owns less than 20% equity ownership of TPB.
All are in the marijuana/hemp adult consumer alternative smoking space.
Connecting The Equity Ownership Dots
Not only is RLBD stock cross-owned by these financial giants, executive talent connects the dots on these three companies. Investors are interested.
David Glazek is chairman of TPB and is also a founding Partner at Standard General
Jim Dobbins is TPB's nominee on RLBD's Board. He is retired as long time in-house general counsel at TPB. He is further retained by a two-year consulting agreement.
Thom Kidrin, president and CEO of RLBD, says another Board member of RLBD, Jeffrey Engel, was instrumental in obtaining TPB's involvement. Engel, an investment consultant with 33 years experience on Wall Street, helped attract TPB to RLBD.
The common interest between RLBD, strategic investor TPB and hedge fund SG is the marijuana/cannabis space. All are in branded products in alternative adult consumer smoking.
Last week, TBD named Board member Yavor Efremov president and CEO. It owns ZigZag® and Stoker's® brands in the alternative spoking space. TPB reported sales increased by 11.9% to $405.1million in 2020. SG hedge fund reported $969.8 million total assets (AUM). It operates some 20 private funds.
Engineering A Reverse Merger
Kidrin launched RLBD when he engineered a reverse merger with Canadian American Standard Hemp (CASH) a pink sheet company. He left MariMed, Inc. (OTCQX): MRMD) to launch RLBD.
Kidrin credits board member Jeffrey Engel with attracting TPB as a strategic investor in RLBD. Now, TPB's Dobbins sits on RLBD's Board. Glazek completes the three-way equity ownership circle as Chairman of TPB while serving as SG founding Partner.
All that cross equity ownership is unique in the penny stock world. This is billion dollar corporations owning pink sheet RLBD stock.
Kidrin in an exclusive interview says he anticipates a revised up list filing from RLBD to the OTCQB exchange by year's end. RLBD has already filed a Form 10 and is a fully reporting company.
"We will meet the 10% stock eligibility regulation and plan to file a revised legal opinion letter within a few weeks, by year's end," Kidrin says."It will amend subsequent events."
RLBD's Expansion Plans For 2022
After the applied-for up list in the new year is approved, Kidrin has major plans for RLBD
"I have five major deals waiting for us after the up list," Kidrin says. "Once that is finalized, everything else can start. I can announce them.":
Kidrin says RLBD is already consulting with a major CBD beverage seltzer brand on new product. In 2022, RLBD may be looking at an M&A transaction. With TPB and SG affiliations, Kidrin seemingly can achieve it.
He plans to expand the newly-launched PHAZE sports wellness line targeted to athletes. He will grow it from eight SKUs to 20 products in 2022, he says. Now it is sold exclusively in its own online store.
Next year, Kidrin plans to announce an international distribution arrangement. In 2022, RLBD plans to expand PHAZE further from its current eight SKUs to some 20 products. Gummies will be added to the PHAZE line
Kidrin said he is also discussing PHAZE brick-and-mortar sales with a major domestic distributor. That would mean sales at bodegas, convenience stores, gas stations and other frequently-visited locations.
To raise the profile of planned CBD creams in cosmetics, he is actively talking with celebrity actress Sharon Stone. She would serve as an 'influencer' promoting the line on social media.
He says he is planning a new golf-driven sports CBD line. Kidrin says he is in talks with major athletic groups.
Learn more at https://realbrands.com/
Keep Real Brands, Inc. on your Watch List as hemp-infused products and CBD are growing in importance to the investor community.
Read our coverage of RLBD here: https://topnewsguide.com/?s=rlbd&x=11&y=6
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