Real Brands and Canadian American Standard Hemp Inc (CASH) have successfully completed a planned merger. The CBD company will now be a publicly traded entity.
A new headquarters for the company will be located on Humbert Street in North Providence, Rhode Island, Benzinga reported. The deal also comes with new CEO Thom Kidrin.
Kidrin said, “This strategic merger with Real Brands is designed to drive increased shareholder value and provide the public with an opportunity to participate in the growing global hemp-derived CBD market. With access to the capital markets now, we anticipate it will be easier and faster to fund our next phases of expected growth.”
CASH shareholders maintain majority control in the deal. The merged company will continue to operate under the name Real Brands.