Welcome to our dedicated page for Rocky Mountain news (Ticker: RMHB), a resource for investors and traders seeking the latest updates and insights on Rocky Mountain stock.
Rocky Mountain High Brands, Inc. operates an OTC-traded beverage and product manufacturing business through wholly owned subsidiaries including Rocky Mountain Productions, Inc. and Rocky Mountain NexBev, Inc. Company news centers on co-packing, distribution, private-label production, and RMHB-owned brands across cold-fill, hot-fill, ready-to-drink, non-alcoholic, CBD, hemp, energy, custom, and specialty beverage categories.
Recurring updates also cover customer contracts, new product manufacturing opportunities, fulfillment capabilities, management restructuring, expense and debt initiatives, facility moves, OTC Markets reporting status, and brand activity such as Great Choice products and Rocky Mountain High beverages.
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.
Rocky Mountain High Brands (OTC: RMHB) has launched Rocky Mountain NexBev, a new subsidiary focused on cannabis beverages, enhancing its HEMPd brand. NexBev aims to leverage a robust co-packing network across the U.S. to support CBD Life Mexico's growth. CBD Life’s popular drinks, including Rocket High and California Black Tea, are gaining traction in the market. With increasing consumer interest in CBD beverages, NexBev plans to introduce innovative products and expand distribution in both Mexico and the U.S., positioning itself for significant market penetration.
Rocky Mountain High Brands, Inc. (OTC: RMHB) announced significant upgrades to its subsidiary Rocky Mountain Productions, enhancing its reverse osmosis and deionized water systems. The improvements aim to boost production capability, efficiency, and product value. Key equipment additions include high-capacity fillers, mixers, and a nitrogen doser. These enhancements are expected to lower costs and increase profitability. The company specializes in a variety of beverage products, including Great Choice, Eagle Spirit, and Hempd™.
Rocky Mountain High Brands, Inc. (OTC: RMHB) has launched a new electrolyte drink under its Great Choice Advantage Plus label, available in Berry Mix and Pomegranate Cherry flavors. These drinks, offered in 500ml and liter bottles, contain three times the electrolytes to support hydration. The company anticipates strong sales momentum in the discount variety channel, bolstered by repeat orders. This launch is part of their first traditional marketing campaign, aiming to increase brand visibility and customer interest.
Rocky Mountain High Brands (OTCPK: RMHB) has announced the distribution of its Great Choice pediatric electrolyte drinks in major discount variety stores across the U.S. This expansion, featuring grape and fruit flavors in 16.9 oz bottles, signifies a strategic move to enhance market penetration and capitalize on growing demand. The products, expected to be available in more chain locations this summer, are positioned as alternatives to national brands like Pedialyte, indicating potential growth in RMHB's National Brand Equivalent (NBE) market.
Rocky Mountain High Brands is currently collaborating with OTC Markets to post unaudited financial statements under the Alternative Reporting Standard. The aim is to become current in public disclosures and subsequently submit a Rule 15c2-11 application, allowing broker-dealers to provide unsolicited quotations for its common stock. The company offers innovative beverage products, including Hempd™ flavored waters with CBD and Eagle Spirit® alkaline spring water.
Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced a trademark license agreement with AGS Labs, Inc. for producing AGS Great Choice products. The agreement grants RMHB the option to purchase the Great Choice trademark and associated National Brand Equivalent products, including electrolyte solutions and medicated rubs. This move aims to enhance production capacity and market competitiveness while offering consumers quality products at lower prices. The NBE market is rapidly growing, positioning RMHB for potential gains in earnings and brand loyalty.
Rocky Mountain High Brands (OTCPK: RMHB) has provided an update regarding its quarterly financials following numerous inquiries. The company faced challenges with its new audit firm related to the acquisition of Raw Pharma LLC. After consultations with the SEC, RMHB has established a clear process for completing its audit. The company is now prioritizing the filing of its Form 10-Q for the second and third quarters of 2020, moving forward promptly to resolve outstanding accounting issues.