Who Says You Can't Get Much For A Nickel?

Who Says You Can't Get Much for a Nickel? 

A Nickel's Worth of CBD

In recent weeks Right On Brands (symbol OTC: RTON) has signed  three separate exclusive distribution agreements, and is in negotiation with several other well-respected companies.

Beginning in January the company entered into a contract with leading Midwest food distributor, Lipari Foods of Michigan. In March, contracts were signed with Double Eagle Distribution, Inc., the Budweiser distributor in South Florida. This month they signed an exclusive distribution deal with Worldwide Beverage Group in Kansas for their CBD based ENDO Brands products.

These well-established distributors join the growing family of nationwide distributors now offering Right On Brands’ products. All locations have received initial inventory and the company is currently receiving re-orders.

Based solely on these contracts the company will achieve revenues in the coming quarters, that when applied to minimum comparable P/E ratios, could support a .50 share price, compared with its grossly undervalued current price, below a nickel.

The company is examining two factors when selecting distributors: First, that the distributors they choose be well established in their respective areas, and; That Right On Brands can meet demand for re-orders. To this end, the company has plans to expand to meet the nation’s new found thirst for CBD beverages.

Just a nickel’s worth of bull shock.

Reported by Mike Spencer, MN1.com News Correspondent, Reporting from Guadalajara

Michael Spencer is a News Correspondent, Cannabis Sector Mexico, is a corporate consultant to many of the top players in the Mexican cannabis industry, from retailers to extraction operations and growers, to the power elite and politicians behind the scenes.