DALLAS, TX–(Marketwired – Feb 25, 2014)
Republic of Texas Brands, Inc. (PINKSHEETS: RTXBQ) has signed a letter of intent to acquire Chill Texas Inc. the exclusive distributor in Texas for the Hemp based Chillo energy drink made in Austria. Randy Safford COO says, “We are extremely excited about this company and we are confident it is a money maker based on orders we have already received for the Chillo product. By acquiring Chill Texas Inc. we will increase our margins by lowering our costs and is a logical move as one of the first companies that will be brought under the RTXBQ umbrella of Cannabis based products. We will be filing our reorganization plan shortly and the Chill Texas, Inc. acquisition will be part of the plan.” The final closing will be post-bankruptcy.
Additionally, RTXBQ is already in various stages of discussions with other reputable hemp and medicinal marijuana operations to complement the anticipated acquisition. RTXBQ plans to create an umbrella of proven, high-growth operations within this lucrative market. Shareholders can expect more information on these complementary operations as negotiations allow.
About Republic of Texas Brands Incorporated:
Republic of Texas Brands Incorporated (RTXBQ) has a distinct unique brand and logo that captures the emotion attached to Texas and its independent attitude, recognized and loved around the world. Our mission is to find the premier cannabis and hemp industry innovators, leveraging our team of professionals to source, evaluate and purchase value-added companies and products, while allowing them to keep their integrity and entrepreneurial spirit.
For more information: marketwired.com/republic-of-texas-brands-to-acquire-chill-texas-inc