- $12 million deal
- Provides Real Brands with world-class R&D and manufacturing capabilities for a 300% increase in production capacity and over 150 brands
- Specializes in sports medicinehealth and herbal wellness supplements and CBD products
- Expands Real Brands distribution to major retail chains nationwide
North Providence, RI, and Golden, CO, Sept. 27, 2022 (GLOBE NEWSWIRE) — Real Brands Inc. (OTCQB: RLBD) today announced that it has signed the definitive agreement to acquire substantially all of the assets of Boulder Botanical & Biosciences Laboratories, Inc. (Boulder Botanical), a manufacturer of wellness and white-label and private-label sports medicine herbal supplements and CBD products, from Frankens Investment Fund, LLC, which had acquired Boulder Botanical in April 2022. The acquisition will include Boulder Botanical’s brands for the human and pets, intellectual property and distribution in the 27,000 square foot R&D and production facility in Golden, Colorado. The value of the transaction is $12 million, with a working capital commitment of $1 million. Boulder Botanical will retain its name and operate as a division of Real Brands.
Thom Kidrin, President and CEO of Real Brands Inc.., said, “Boulder Botanical has an excellent reputation for creating quality sports medicine, herbal health and wellness supplements and cannabinoid formulations and its white label manufacturing services exceed the industry standards. We intend to build on this solid foundation. Boulder Botanical’s existing nationwide distribution network serving CVS, Target, Costco and other retailers, combined with Real Brands’ expertise in online sales and the metaverse, provides immediate access to millions of existing customers and millions of additional potential customers online and in person. With this acquisition, we have increased our production capacity by 300%, added a portfolio of more than 150 brands, extensive intellectual property and a qualified R&D team to create hundreds of additional products to meet market demand in boom in herbal supplements and CBD.
The US herbal supplements market size was estimated to be $2.2 billion in 2021, $2.6 billion in 2022, and is projected to grow at a compound annual growth rate (CAGR) of 10.62 % to reach $4.1 billion by 2027, as predicted by ResearchandMarkets.com. ResearchandMarkets.com report dated July 8, 2022 forecasts the global herbal supplements market to grow from $32.1 billion in 2021 to $49.1 billion by 2027, posting a CAGR of 7.34 % in 2021-2027.
Research firm Global Market Insights reports that the global CBD market in 2021 was $12.8 billion (US portion was $7.7 billion) and is expected to grow at a CAGR of 21.7% to reach $56.2 billion by 2028, primarily due to “increasing awareness of the health benefits of CBD”. and its effectiveness in pain management and various other treatments.
“Boulder Botanical is a gem and one of the hidden cornerstones of the herbal supplements and CBD health and wellness industry providing white label products manufactured to the highest standards to consumers. major retail chains,” noted David FrankenOwner of Frankens Investments. “We jumped at the chance to acquire Boulder as soon as it became available because we knew that under the right leadership, the sky would be the limit. We maintain a position as a strategic shareholder of Real Brands. With this acquisition , we believe that Real Brands, under the leadership of Thom Kidrin, has the ability to achieve dominance in the CBD industry and be a significant supplier in the herbal health supplement industry. and well-being.
Turning Point Brands, Inc. (New York Stock Exchange: TPB), is also a longtime strategic investor in Real Brands. Turning Point Brands is a manufacturer, marketer and distributor of branded consumer products including alternative smoking accessories and consumables containing active ingredients,
Real Brands is committed to retaining key Boulder Botanical employees for a smooth transition with no disruption in customer supply.
Highlights of Boulder Botanical’s capabilities include:
- One of the largest and most efficient manufacturing platforms in the CBD industry and a leading manufacturer of herbal supplements. It supports multiple production lines for over 150 exclusive formulations covering cosmetics, topicals, tablets, drink powders, tinctures, ointments, gels, energy injections, roll-ons, supplements, etc The production facility is capable of producing and scaling large volumes.
- Fulfillment services for products distributed through some of the nation’s largest retail channels, including CVS, Sam’s Club, Target, Whole Foods, Safeway, Costco, 7-Elevenand Circle K;
- R&D on original products for nutraceutical-grade consumer products;
- House brands that include SCBA™, SmartLeef™and dozens of white label brands;
- Over 25 years of combined experience in consumer packaged goods and compliance;
- A full range of certifications and registrations, including FDA Registered Manufacturing/Distribution and Fulfillment, GMP Quality Assured, Certified Kosher Ingredient Supplier, CDPHE Licensed Manufacturing Facility, Vendor of hemp seeds and producer’s license from the CO Dept of Ag, the International Cosmetic Ingredient Assignment Registration for the Cosmetic Industry supply; and
- Highest quality, effective ingredients with full transparency from seed to shelf.
The facility was previously owned by General Electric (GE) and was used to manufacture medical devices such as pacemakers. The facility’s infrastructure and construction in compliance with Good Manufacturing Practices (GMP) regulations, safety features, vacuum sealed rooms, commercial kitchens and clean rooms are all ideal for the production of Nutraceutical grade CBD and herbal supplements to certified standards used in the nutraceutical and pharmaceutical industries.
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About Real Brands Inc.
Real Brands is the result of a 2022 acquisition of Boulder Botanical and Bioscience Laboratories, a cannabidiol herbal supplement and R&D, manufacturing and distribution operation producing over 150 brands and supplying white label products to many of the nation’s largest retailers, and a 2020 merger with Canadian American Standard Hemp Inc. (CASH) that brought together the processing and wholesale of hemp CBD oil/isolate extraction to the industrial scale, as well as the production and sale of many consumer hemp-derived CBD brands of smokable, edible and topical products. Its Halo 5 is a proprietary chromatography extraction technology using a simulated moving bed (SMB) that offers the advantage of producing large quantities of highly purified material and precise pharmaceutical grade molecular separation at significantly reduced costs.
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Consumer product lines are available at https://wabrands.com/, https://phazesports.com/, https://americanstandardhemp.com/, APRA™ and SmartLeef™
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This press release contains certain forward-looking statements and information relating to Real Brands, Inc. (the “Company”) that are based on the Company’s management’s current beliefs, as well as assumptions made by the Company and information currently available. . . These statements reflect the Company’s current views with respect to future events and are subject to certain assumptions, including those described in this release. If one or more of these underlying assumptions proves incorrect, actual results may vary materially from those described herein as “should”, “could”, “will”, “anticipate”, “believe”, “have the intention to”, “plan”, “could”, “potentially”, “target” or “expect”. Other factors that could also cause actual results to differ materially relate to the global COVID-19 crisis, environmental/weather conditions and other risk factors described in our public filings. The Company does not intend to update these forward-looking statements. The content of the websites referenced above is not incorporated herein.