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Rocky Mountain High Brands, Inc. (RMHB)

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0.0480+0.0011 (+2.35%)
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Neutralpattern detected
Previous Close0.0469
Open0.0452
Bid0.0000 x 0
Ask0.0000 x 0
Day's Range0.0403 - 0.0480
52 Week Range0.0120 - 0.0616
Volume440,600
Avg. Volume267,928
Market Cap13.907M
Beta (5Y Monthly)1.46
PE Ratio (TTM)N/A
EPS (TTM)-0.0400
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Rocky Mountain High Brands Completes Global Settlement Agreement with Raw Pharma, LLC; Huge Savings for Company
    GlobeNewswire

    Rocky Mountain High Brands Completes Global Settlement Agreement with Raw Pharma, LLC; Huge Savings for Company

    PLANO, Texas, Dec. 02, 2020 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced today that the Company has finalized a Global Settlement Agreement with Raw Pharma, LLC. On April 30, 2020, Rocky Mountain Productions, Inc. entered into an Asset Purchase Agreement with Raw Pharma, LLC to purchase all the assets of Raw Pharma, including all machinery, equipment, and components for a total purchase price of $3,250,000. A portion of the purchase price included $500,000 non-assessable shares of Purchaser’s common stock, which stock was issued under Rule 144 of the Securities Act, to Raw Pharma at Closing, and the assumption of certain loans secured by the machinery and equipment. Raw Pharma agreed to finance the balance of the purchase price per the terms and conditions established in the Asset Purchase Agreement. Since Closing, a total of $255,000 has been paid to Raw Pharma, leaving an unpaid balance of $2,495,000.The Asset Purchase Agreement provided for Raw Pharma to assign its sublease agreement to Rocky Mountain Productions but unfortunately, and through no fault of either party, the landlord refused to consent to such assignment due to co-packing of CBD beverages on its leased premises even though Raw Pharma co-packed CBD beverages for almost a year at this location. This uncertainty, together with other issues relating with and to the Asset Purchase Agreement, resulted in Raw Pharma having to renegotiate the Asset Purchase Agreement.As a result of the renegotiated settlement agreement, the purchase price under the Asset Purchase Agreement, and thus the overall balance owed to Raw Pharma, was reduced by approximately $1,270,000. The Asset Purchase Agreement was amended, and supplemented as follows: * Rocky Mountain Productions shall endeavor to make all reasonable and diligent efforts to pay off and/or refinance all of the Chase Bank loan balances in the amount of $954,515; * Rocky Mountain Productions shall pay Raw Pharma $100,000, with monthly payments of $15,000 commencing June 1, 2021 until paid off; * 4,700,000 shares of Rule 144 stock to be issued to Raw Pharma which had a value of $170,000 as of October 29, 2020. Rocky Mountain Productions is currently negotiating a lease agreement with another landlord and anticipates starting the relocation process of its beverage line soon. Rocky Mountain Productions continues to co-pack hand sanitizer at the current facility. About Rocky Mountain High BrandsRocky Mountain High Brands, Inc. (OTCPK: RMHB) is a consumer goods Company that specializes in health conscious hemp-infused beverages and a naturally high alkaline spring water under the name Eagle Spirit Spring Water. The Company also co-packs beverages and hand sanitizers. Our mission is to assist others in their journey to live productive, fulfilling, and healthy lives.For product information, please visit: www.hempd.com and www.eaglespiritwater.com.Information about Forward-Looking Statements: This release may include 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. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company’s business, financial condition, and results of operations. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.Contact:Investor Relations: Paul KnopickE & E Communications pknopick@eandecommunications.com 940.262.3584

  • Rocky Mountain High Brands Receives First Shipment of $1.6 Million Machinery for Its Co-Packing Subsidiary
    GlobeNewswire

    Rocky Mountain High Brands Receives First Shipment of $1.6 Million Machinery for Its Co-Packing Subsidiary

    PLANO, Texas, Nov. 19, 2020 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced today that the first shipment of machinery was delivered to its co-packing subsidiary in Plano, Texas as part of the asset purchase agreement with Mogul Trading, LLC. On September 17, 2020, RMHB purchased $1,600,000 worth of machinery from Mogul Trading for shares of Rule 144 stock in RMHB. The shares were issued in September and are reflected in the outstanding share count on the OTC Markets website. The purchase price included delivery of all the acquired assets to the co-packing facility operated by Rocky Mountain Productions, Inc. (RMP) in Plano and will be installed production ready. The installation of all the acquired assets will be at Mogul Trading’s sole cost and expense.The additional acquired machinery accommodates hand sanitizer and expanding the beverage filling capabilities of Rocky Mountain Productions. The equipment decisively shapes the Company’s future and capacity for new innovations. The inventory that arrived primarily consisted of: * mono block bottle system with feeder, wash, filler, and capper * 12-head rotary bottle line system with feeder, descrambler, and capper * numerous smaller component parts Coming soon, shipments of additional machinery will include: * 12-head rotary bottle line system * stainless steel two-head filler system * stainless steel four-head filler system * three labeling machines * pallet wrapper * miscellaneous component parts“Rocky Mountain Productions continues to expand by pursuing a solid, long-term growth strategy. Sustainability is firmly embedded in its strategy to combine success with responsible action – to seize opportunities that deliver value. This asset purchase is proof positive that we are pursuing the right strategy and, above all, that it will enable a successful trajectory for our future,” said Charles Smith, President of RMP.David Seeberger, CEO and General Counsel of RMHB, stated, “The Company is proud that Mogul Trading has expressed its confidence in us, and makes it clear we have a solid, reliable business relationship. With this acquisition, the Company is not only building a strategic relationship between two companies, but broadening its machine portfolio, while expanding its range of services and depth of added value significantly.“This is a thrilling day for our company and employees. We view Rocky Mountain as one of the leaders in the hemp beverage space and are excited to continually grow this partnership,” said Mohammad Rameel Sheikh, CEO of Mogul Trading. “The big winners today are the consumers and shareholders. With the new additional machinery arriving, Rocky Mountain will be able to reach a wider audience to satisfy the needs of this rapidly growing market.” About Mogul Trading LLCThe parent company of Mogul Trading LLC is OHK Global Inc., a privately owned organization headquartered in Houston, TX. Through its subsidiaries and sister companies, OHK manages over 30 retail locations throughout Texas. Recognized for its service, quality products, and convenient services, OHK strives to provide the best customer experience with the lowest prices. About Rocky Mountain High BrandsRocky Mountain High Brands, Inc. (OTCPK: RMHB) is a consumer goods Company that specializes in health conscious hemp-infused beverages and a naturally high alkaline spring water under the name Eagle Spirit Spring Water. The Company also co-packs beverages and hand sanitizers. Our mission is to assist others in their journey to live productive, fulfilling, and healthy lives.For product information, please visit: www.hempd.com and www.eaglespiritwater.com.Information about Forward-Looking Statements: This release may include 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. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company’s business, financial condition, and results of operations. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.Contact:Investor Relations: Paul KnopickE & E Communications pknopick@eandecommunications.com 940.262.3584

  • Rocky Mountain High Brands Explains Its “Path Forward” Describes Game-Changing Developments
    GlobeNewswire

    Rocky Mountain High Brands Explains Its “Path Forward” Describes Game-Changing Developments

    PLANO, Texas, Nov. 04, 2020 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. Chairman Charles Smith, and CEO David Seeberger issued a letter today to all shareholders and to those who are interested in the fortunes of the Company. Discussion of the Company’s “Path Forward” is available at https://hempd.com/news/. “We are the new management at Rocky Mountain High Brands (OTCPK: RMHB). We know many of you have voiced serious concern that we are not corresponding regularly with our stakeholders. As of today, that ends,” Management said.The letter describes formation of Rocky Mountain Productions, Inc. and how the Company’s modern production machines and expertise places it in the forefront of beverage, hand sanitizer and energy shot co-packaging. It describes how RMHB converted its 30-head custom Automatic Pressure Overflow filler to deliver much-needed hand sanitizers.The letter explains how the Company’s commitment to CBD Life has never wavered. It explains strategies regarding its beverage products, the Eagle Spirit Land & Water Company, a wholly owned subsidiary, and Wellness for Life, Inc., also a wholly owned subsidiary.The letter details significant challenges the Company has overcome and continues to overcome, including COVID-19, unopened aluminum cans leaking and why it has discontinued some products and is studying a path forward with others.The “Path Forward” letter concludes by saying: “We have created disruptive products that will set our Company apart from other companies. Even with today’s market pressures, we are confident that with the right focus, continued innovation, and a commitment to excellence, we will successfully meet those challenges that we face now and in the future.”About Rocky Mountain High BrandsRocky Mountain High Brands, Inc. (OTCPK: RMHB) is a consumer goods company that specializes in health conscious hemp-infused beverages and a naturally high alkaline spring water under the name Eagle Spirit Spring Water. Our mission is to assist others in their journey to live productive, fulfilling, and healthy lives.For product information, please visit: www.hempd.com and www.eaglespiritwater.com.Information about Forward-Looking Statements: This release may include 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. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the company’s filings with the SEC. The occurrence of any of these risks and uncertainties could have a material adverse effect on the company’s business, financial condition, and results of operations. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.Contact:Investor Relations: Paul Knopick E & E Communications Pknopick@eandecommunications.com 940.262.3584