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Rocky Mountain High Brands Inc (OTCMKTS:RMHB) Explodes Up The Charts

Rocky Mountain High Brands Inc (OTCMKTS:RMHB) Explodes Up The Charts
Written by
Alex Carlson
Published on
April 19, 2016
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InsidrFinancial

We've been telling investors about Rocky Mountain High Brands Inc (OTCMKTS:RMHB) since the first of the year. It's a company that has added staff, new board members, and have been making the right moves to grow its business. RMHB also makes a product that customers really like. Rocky Mountain High Hemp Lemonade is selling really well and the product was rated as the number one new release in the product category by Amazon.RMHB currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low calorie hemp-infused Coconut Lime Energy drink. In the near future, the company will introduce hemp-infused food products that include a protein bar, an energy bar, and a chia crisp bar. Rocky Mountain High Brands plans to offer hemp-infused 2oz. energy shots and 2.5oz. coffee shots to its product line.The latest news from the company is that it has ordered two production runs in the month of May totaling over a million cans. The first production run of 660,000 cans will be the original 12-ounce leaf design. The majority of this order has already been pre-sold and the company expects to sell out this inventory quickly. The new 16-ounce can run of 900,000 will be produced later in the month. The new cans have been specifically designed for acceptance into retail and big box store locations. They feature a bold new design that will create higher visibility on store shelves. In conjunction with the new can design, a restyled consumer friendly beverage cooler illuminating RMHB's new graphics will be available at retail outlets.RMHB also filed SEC Form 10 with the intent to become fully reporting and with the goal of eventually listing on a national securities exchange. RMHB founder Jerry Grisafi said:

"Rocky Mountain High Brands has outgrown the OTC Pink Marketplace which was designed for startup companies with little or very limited funding. Our distribution base is rapidly growing and upgrading to the OTCQB will demonstrate our commitment to create a strong baseline of transparency. We believe that the upgrade in the OTC market tier will improve investor confidence while enriching the overall trading experience for all investors. An additional benefit of becoming a fully reporting company is that we believe it will attract institutional investors and open the door for commercial funding. Our goal is to join the third-largest stock exchange, NYSE MKT (formerly the American Stock Exchange) by the end of fiscal year 2017. This is a very exciting landmark for Rocky Mountain High Brands."

Last month, RMHB announced that it was reducing its share count. 31 million shares of stock and warrants were returned to the corporate treasury in an agreement with former CEO Tom Shuman and former employee Jason Robillard which allows them to manufacture CBD in their own company. We are pleased to see Tom Shuman out the door as CEO. Michael Welch is now acting CEO and CFO. Chuck Smith joined the board of directors and has become the new COO. Fresh blood will really help RMHB and energize sales and employee morale. The goal is to build a leading beverage company and we feel that Shuman was not quite up to the task, so we welcome these changes. Founder Jerry Grisafi said:

"Rocky Mountain High Brands is experiencing tremendous growth as a hemp-infused food and beverage brand. The Company is quickly transforming from a regional corporate entity to a nationally recognized innovator in the hemp-infused industry. Charles "Chuck" Smith has joined our team as our COO and is realigning the responsibilities of his management team to operate in a more efficient and productive manner. These management changes will streamline the week-to-week operations to ensure Rocky Mountain High Brands can achieve continual monthly, quarterly and annual sales growth landmarks."

Currently trading with a market cap of $9.9 million, RMHB is an exciting story on the OTC markets. With the new larger cans, RMHB can now compete with Monster Energy and Red Bull for a larger portion of the energy drink market. With more products and an expanded distribution network, we see much better days ahead for RMHB as its growth story is just getting started. We will be updating Insider Financial as soon as we know more. For continuing coverage on RMHB, sign up for our free newsletter today and get our next hot stock pick!Disclosure: We have no position in RMHB and have not been compensated for this article.

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