Real Brands Inc (OTCMKTS:RLBD) snuck one under the radar late last week, but investors interested in the CBD and Cannabis space should take note.
The company filed its Form 10 with the SEC. In this case, it was a voluntary filing because the company does report having over $10 million on total assets of its last known quarterly report.
Nonetheless, we can infer that this step means RLBD is going to become a fully-reporting entity with the SEC, which will include greater transparency and the necessity of filing 8k’s on any material events.
This step will also put the company in position to uplist to the OTCQB tier provided it has satisfied other requirements.
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