Real Brands acquires most of Boulder Botanical's assets

Real Brands Inc. RLBD has signed the definitive agreement for the acquisition of most of the assets of Boulder Botanical Biosciences Laboratories, Inc., a manufacturer of white-label and private label wellness and sports medicine products 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 human and pet markets, IP, and distribution at 27,000 sq. Golden, Colorado has a R&D and production facility. The transaction has a $1 million operating capital commitment and the value of the transaction is $12 million. Boulder Botanical will continue to operate as a division of Real Brands.

As president and CEO of Real Brands Inc., Thom Kidrin said, Boulder Botanical has a good reputation for creating quality sports medicine, health and wellness herbal supplements and cannabinoid formulations and white-label manufacturing services that meet industry standards. We expect to build on that solid foundation. Boulder Botanical's existing national distribution network serving CVS, Target, Costco, and other retailers, together with Real Brands' expertise in online sales and the metaverse, enables instant access to millions of existing customers and millions more potential customers online and in person. With this acquisition, we have increased our production capacity by 300%, added a portfolio of 150 brands, a skilled R&D team and a large IP team to create hundreds more products to meet the demand of the burgeoning herbal supplement and CBD markets. Real Brands has contracted to retain key Boulder Botanical employees for a seamless transition, with no interruption to supply to customers.

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