Canadian American Standard Hemp, Inc. acquired Real Brands, Inc. in a reverse merger transaction.
October 27, 2020
Share
Canadian American Standard Hemp, Inc. agreed to acquire Real Brands, Inc. (OTCPK:RLBD) in a reverse merger transaction on October 22, 2020. CASH shareholders are acquiring majority control of Real Brands. As part of the transaction CASH to become a publicly traded entity via this transaction. Real Brands' name and trading symbol will be maintained. Following the merger, CASH will continue to own and operate its web sites: www.cashinc.com; wabrands.com; ZenPetsTreats.com and americanstandardhemp.com. All of CASH's hemp processing capabilities and brands, including American Standard Hemp® (A.S.H. ®), WA® and Zen Pets Treats, and proprietary product formulations created by world renowned chemist Adel Rammal will be retained following the merger. Thomas Kidrin, Chief Executive Officer of CASH, has been named Chief Executive Officer of Real Brands, replacing former Real Brands Chief Executive Officer Jerry Pearring. Adel Rammal previously served as CASH's Chief Scientific Officer and will be staying on at Real Brands in that capacity. Real Brands' new headquarters will be the newly renovated/constructed CASH headquarters and hemp processing facility at 12 Humbert St., in North Providence, RI. On October 22, 2020, the majority of the shareholders of Real Brands by written consent agreed to the merger.
Canadian American Standard Hemp, Inc. completed the acquisition of Real Brands, Inc. (OTCPK:RLBD) in a reverse merger transaction on October 26, 2020. CASH continues to operate as a wholly-owned subsidiary of Real Brands under the name CASH Inc.
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.