Right on Brands, a developer of a range of hemp-based and THCA products, announced today the withdrawal of its REG A offering effective January 16, 2024. The decision reflects the company’s pledge to its shareholders, believing that its improved financial position negates the need to sell shares at current market prices.
Market conditions and the company’s growth prospects are showing rapid signs of improvement, and Right on Brands is optimistic about its future trajectory. With eight established stores and a portfolio consisting of more than 100 SKUs, the company is confident in its potential for growth throughout 2024.
“Our decision to let the REG A offering expire is a strategic move in line with our rock-solid commitment to build shareholder value,” commented Jerry Grisaffi, Chief Executive Officer of Right on Brands. “We believe our strengthened financial position, coupled with the positive market trends, positions us for significant growth in the coming year. Our goal is to have 25 operating stores by the end of 2024 which will be a combination of corporate owned and licensed locations.”
Right on Brands remains committed to operating within the bounds of legal compliance, emphasizing that its products are legal in all 50 states. The company’s expansive product line, combined with a robust strategic growth plan, positions Right on Brands as a key player in the burgeoning hemp and THCA markets and our non-THC products.