Rocky Mountain Stock Price, News & Analysis

Rocky Mountain High Brands (RMHB) announced a comprehensive management restructuring and strategic initiatives to enhance business performance. The company has retained turnaround specialists to focus on expense reduction, debt management, and customer service improvement. Key initiatives include maintaining proper inventory levels, reducing lead times, and implementing lower-cost production.

The company outlined short-term goals including becoming compliant under Rule 15c2-11 in Q4 2024, developing performance-based management compensation, and implementing cost-reduction strategies. RMHB secured a $2,000,000 receivable line of credit for its brands and expects major revenue increases starting Q1 2025.

Rocky Mountain High Brands (OTC: RMHB) announced a significant purchase order of 1.6 million cans from CBD Life for its cannabis beverage brands: Rocket High, California Limonada, and California Sabor Te Negro. The order will be fulfilled in four phases; production has begun on the first phase of 244,000 cans, with subsequent phases exceeding 451,000 cans each. These beverages will be shipped to Laredo, Texas, for entry into Mexico, where CBD Life is the first company to market CBD products. The demand for these drinks is increasing in Mexico, with plans for future launches in the United States.

Rocky Mountain High Brands, Inc. (OTC: RMHB) announced anticipated record revenue of $1.6 million for Q4 2022, marking its best performance to date. This growth is attributed to strong demand for private label co-packing services. The company plans to release full results post the closing of financial procedures, with preliminary figures derived from internal records. However, these results have not been reviewed by independent accountants and may be subject to revision. RMHB is committed to producing innovative beverages and expanding its product lines in the rapidly growing NBE market.

Rocky Mountain High Brands, Inc. (OTC: RMHB) has announced the return of its hemp-infused energy drinks in three flavors: Mango, Citrus, and Black Tea. The relaunch emphasizes innovation, offering zero-calorie options inspired by past favorites. A small initial production run will occur near Houston, Texas, with plans for larger volumes by the end of 2023. RMHB remains committed to creating healthier beverage alternatives. The company also highlights its Great Choice® product line and Hempd™ flavored waters, positioned as market disruptors in the beverage industry.

Rocky Mountain High Brands, Inc. (OTC: RMHB) reported record revenue of $2,185,450 for the first three quarters of 2022, a 642% year-over-year growth. The third quarter alone generated $1,376,141, marking a 664% increase compared to Q3 2021. Significant investments in production equipment and product development have fueled this surge. RMHB focuses on healthier beverage products, including the Great Choice® line and Hempd™ CBD-infused waters. The company is positioned to grow further in a rapidly expanding market.

Rocky Mountain High Brands, Inc. (OTC: RMHB) has partnered with Cuttin’ Edge Beverages, Inc. to market and sell Great Choice^® in the Northeast and Mid-Atlantic regions. This collaboration aims to leverage Cuttin’ Edge’s 18 years of experience in upscale consumer brand development to expand Great Choice^®’s market share among health-conscious consumers. The company anticipates increased retail presence and consumer accessibility, marking a significant growth strategy as it approaches the end of fiscal 2022.