Right On Brands Inc. (OTCMKTS:RTON), a fully reporting SEC filer and developer of hemp-based products, made an announcement on April 28, 2022 about signing an agreement with Franchise Marketing Systems (FMS), that has adopted a performance-based franchise development approach to create a franchise model for the ENDO Dispensary and Wellness Brand.
Market Reaction
On Thursday, RTON stock ended flat at $0.0006 with 3.16 million shares, compared to its average volume of 25.17 million shares. The stock moved within a range of $0.0005 – 0.0007 after opening trade at $0.0005.
Right On Brands Signs Franchise Agreement To Market ENDO Dispensary & Wellness Brands
FMS is all set to develop franchise marketing materials, collateral and presentations, to promote, present and recruit franchisees to the ENDO Dispensary and Wellness Brand. Their collaboration with Right On Brands is to develop a suitable strategy, business model, and approach to create a platform that offers scalability.
A franchise development program will be created to provide new franchisee an operations, training and structure to successfully open and operate new locations of the ENDO Dispensary and Wellness retail stores.
Jerry Grisaffi, Right on Brands’ CEO has remarked that the partnership with FMS will equip the company with the correct tools and knowledge to successfully franchise their business nationwide. He says that the FMS franchise will create a robust framework to support the franchisee, so their chances of succeeding are greatly boosted. They are eagerly awaiting the future expansion of the ENDO Dispensary and Wellness brand. On the other hand, Chris Conner, President of FMS, is confident about the concept and products developed by Right on Brands.
Key Quote
Jerry Grisaffi, Right on Brands’ CEO said, “Our partnership with FMS franchise will provide us with the right tools and the know how to successfully franchise our business nationwide. FMS franchise will create a strong framework to support the franchisee, so they have the highest probability of success. We are very excited about the future expansion of the ENDO Dispensary and Wellness brand.” Chris Conner, President of FMS said,” We believe in the concept and the products developed by Right on Brands. We have sampled many products in the space and the Endo Brand’s products stand out head and shoulders above the rest.”
Traders Review
RTON stock is trading below the 20-Day and 50-Day Moving averages of $0.0006 and $0.0007 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.0013.
