RBF Announces Big Hemp Order from Osotspa Group, with Delivery Expected in Early 2022

R&B Food Supply (RBF) announced a mega deal with Osotspa (OSP) to sell hemp oil for the purpose of producing beauty and body care products, signaling a flood of sell orders for CBD-THC extracts.

Miss Janjida Ratanapoompinyo, Director of R&B Food Supply Public Company Limited (RBF), revealed that company recently has signed a contract with a subsidiary of Osotspa Public Company Limited or OSP, which is the first fast-moving consumer goods company to use hemp seed oil to produce beauty and body care products (Personal Care).

Following the signing of the sell agreement, RBF expects to start hemp planting in late August 2021 and to begin extracting hemp seed oil and developing goods within five to six months. Then, by the end of January 2022, the customer will be able to receive the products.

Presently, 6-7 customers have already reserved orders for CBD-THC extracts, and RBF anticipates that further orders for consumer products and dietary supplements will continue to flow in. This would definitely enable the company to begin earning revenue from this business by the end of the fourth quarter of 2021 or the start of 2022.

RBF received the first license in Thailand and Southeast Asia for a CBD – THC extraction plant from hemp (cultivation) Narcotics Substance Category 5, Hemp Only, as well as a license to extract hemp seed oil. Obtaining such a license will enable the company to compete in the hemp industry across all levels; upstream, midstream, and downstream. Commercial production is scheduled to commence in the fourth quarter of this year.