Click here to close now.




















Welcome!

News Feed Item

Reorganization Filed by RTXBQ Exit Strategy Includes Sales of Cannabis Energy Drink CHILLO

DALLAS, TX -- (Marketwired) -- 03/17/14 -- Republic of Texas Brands, Inc. (PINKSHEETS: RTXBQ), through its totally owned Cannabis-Holdings.com website, has started delivering CHILLO-energy drink product to various wholesale and retailers in the State of Texas. Brisk Sales of the CHILLO-energy drink has been at the forefront for the company to file a reorganization plan on Friday with the courts, and the company is seeking to leave Chapter 11 reorganization status soon.

"Sales to new accounts have been strong, and we are just beginning to get restocking orders through Chill Texas from several retailers who have gone through the CHILLO inventory at a surprisingly brisk pace," says Randy Safford COO. "The product sells itself and retailers are hungry to get CHILLO on their shelves, our phones are ringing and we have already received orders for new product offerings that we have yet to announce.

"The Reorganization plan filed, we believe, will be looked upon favorably and accepted by the courts, and Republic of Texas brands will be able to exit Bankruptcy in the near term future. Here are some of the highlights of the reorganization plan."

Upon confirmation of the Plan, the Debtor shall receive a cash infusion of $50,000 from Jerry Grisaffi. These funds will be used to cover overhead and to operate the company and make any Plan payments, if needed.

Upon confirmation of this Plan, the Debtor will acquire the company Chill Texas, Inc. for the exclusive distribution rights to Chillo Hemp Energy Drink in Texas. The Debtor believes this new avenue will provide sufficient income to pay the plan payments and provide the Debtor inroads into the new hemp based products market.

There are no plans for share cancellation or stock reversals.

"Our totally owned Cannabis-Holdings.com has placed an order for an additional tea based herbal drink sku in its product lineup, and upon manufacturer shipment of the product it will be announced and inserted at the Amazon.com and the Cannabis-Holdings.com storefronts. We are very excited that our product lineup is expanding and that more exciting sku's will be announced in the very near future."

Click here to order CHILLO product via AMAZON.com:

http://www.amazon.com/gp/aag/main/ref=olp_merch_name_1?ie=UTF8&asin=B00DE1EZMG&isAmazonFulfilled=0&seller=A2KX6CKNKJOQAL

About CHILLO Energy Drink:

Chillo is a new hemp energy beverage designed to enhance any and all recreational activities. The blend of vitamins and hemp seed extract give Chillo the unique flavor and energy experience. Hemp seeds are proven to improve health in the areas of metabolism, digestion, and caloric balance. Drinking Chillo will boost your system, relieving tension, while bringing about excitement, motivation, and a great experience.

About Republic of Texas Brands Incorporated:

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.

To see the new direction the company is going please visit the company website at: http://www.cannabis-holdings.com and our original website at: http://www.republicoftexas.com.

Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions, and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.

Add to Digg Bookmark with del.icio.us Add to Newsvine

Contact:
Randy Safford
COO
Email Contact

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
WebRTC has had a real tough three or four years, and so have those working with it. Only a few short years ago, the development world were excited about WebRTC and proclaiming how awesome it was. You might have played with the technology a couple of years ago, only to find the extra infrastructure requirements were painful to implement and poorly documented. This probably left a bitter taste in your mouth, especially when things went wrong.
Skeuomorphism usually means retaining existing design cues in something new that doesn’t actually need them. However, the concept of skeuomorphism can be thought of as relating more broadly to applying existing patterns to new technologies that, in fact, cry out for new approaches. In his session at DevOps Summit, Gordon Haff, Senior Cloud Strategy Marketing and Evangelism Manager at Red Hat, discussed why containers should be paired with new architectural practices such as microservices rathe...
SYS-CON Events announced today that G2G3 will exhibit at SYS-CON's @DevOpsSummit Silicon Valley, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. Based on a collective appreciation for user experience, design, and technology, G2G3 is uniquely qualified and motivated to redefine how organizations and people engage in an increasingly digital world.
Any Ops team trying to support a company in today’s cloud-connected world knows that a new way of thinking is required – one just as dramatic than the shift from Ops to DevOps. The diversity of modern operations requires teams to focus their impact on breadth vs. depth. In his session at DevOps Summit, Adam Serediuk, Director of Operations at xMatters, Inc., will discuss the strategic requirements of evolving from Ops to DevOps, and why modern Operations has begun leveraging the “NoOps” approa...
Too often with compelling new technologies market participants become overly enamored with that attractiveness of the technology and neglect underlying business drivers. This tendency, what some call the “newest shiny object syndrome,” is understandable given that virtually all of us are heavily engaged in technology. But it is also mistaken. Without concrete business cases driving its deployment, IoT, like many other technologies before it, will fade into obscurity.
Organizations from small to large are increasingly adopting cloud solutions to deliver essential business services at a much lower cost. According to cyber security experts, the frequency and severity of cyber-attacks are on the rise, causing alarm to businesses and customers across a variety of industries. To defend against exploits like these, a company must adopt a comprehensive security defense strategy that is designed for their business. In 2015, organizations such as United Airlines, Sony...
The Internet of Things is in the early stages of mainstream deployment but it promises to unlock value and rapidly transform how organizations manage, operationalize, and monetize their assets. IoT is a complex structure of hardware, sensors, applications, analytics and devices that need to be able to communicate geographically and across all functions. Once the data is collected from numerous endpoints, the challenge then becomes converting it into actionable insight.
Puppet Labs has announced the next major update to its flagship product: Puppet Enterprise 2015.2. This release includes new features providing DevOps teams with clarity, simplicity and additional management capabilities, including an all-new user interface, an interactive graph for visualizing infrastructure code, a new unified agent and broader infrastructure support.
Consumer IoT applications provide data about the user that just doesn’t exist in traditional PC or mobile web applications. This rich data, or “context,” enables the highly personalized consumer experiences that characterize many consumer IoT apps. This same data is also providing brands with unprecedented insight into how their connected products are being used, while, at the same time, powering highly targeted engagement and marketing opportunities. In his session at @ThingsExpo, Nathan Trel...
Amazon and Google have built software-defined data centers (SDDCs) that deliver massively scalable services with great efficiency. Yet, building SDDCs has proven to be a near impossibility for ‘normal’ companies without hyper-scale resources. In his session at 17th Cloud Expo, David Cauthron, founder and chief executive officer of Nimboxx, will discuss the evolution of virtualization (hardware, application, memory, storage) and how commodity / open source hyper converged infrastructure (HCI) so...
In their Live Hack” presentation at 17th Cloud Expo, Stephen Coty and Paul Fletcher, Chief Security Evangelists at Alert Logic, will provide the audience with a chance to see a live demonstration of the common tools cyber attackers use to attack cloud and traditional IT systems. This “Live Hack” uses open source attack tools that are free and available for download by anybody. Attendees will learn where to find and how to operate these tools for the purpose of testing their own IT infrastructu...
The web app is agile. The REST API is agile. The testing and planning are agile. But alas, data infrastructures certainly are not. Once an application matures, changing the shape or indexing scheme of data often forces at best a top down planning exercise and at worst includes schema changes that force downtime. The time has come for a new approach that fundamentally advances the agility of distributed data infrastructures. Come learn about a new solution to the problems faced by software organ...
With the Apple Watch making its way onto wrists all over the world, it’s only a matter of time before it becomes a staple in the workplace. In fact, Forrester reported that 68 percent of technology and business decision-makers characterize wearables as a top priority for 2015. Recognizing their business value early on, FinancialForce.com was the first to bring ERP to wearables, helping streamline communication across front and back office functions. In his session at @ThingsExpo, Kevin Roberts...
IBM’s Blue Box Cloud, powered by OpenStack, is now available in any of IBM’s globally integrated cloud data centers running SoftLayer infrastructure. Less than 90 days after its acquisition of Blue Box, IBM has integrated its Blue Box Cloud Dedicated private-cloud-as-a-service into its broader portfolio of OpenStack® based solutions. The announcement, made today at the OpenStack Silicon Valley event, further highlights IBM’s continued support to deliver OpenStack solutions across all cloud depl...
Red Hat is investing in Tesora, the number one contributor to OpenStack Trove Database as a Service (DBaaS) also ranked among the top 20 companies contributing to OpenStack overall. Tesora, the company bringing OpenStack Trove Database as a Service (DBaaS) to the enterprise, has announced that Red Hat and others have invested in the company as a part of Tesora's latest funding round. The funding agreement expands on the ongoing collaboration between Tesora and Red Hat, which dates back to Febr...