Rocky Mountain High Brands, Inc (OTCMKTS:RMHB) has been moving steadily higher in recent months since bottoming out at $0.0053 in December of last year. The stock has a long history of huge moves running from pennies to highs over $0.15 a share on a massive surge of volume. RMHB is made an ever bigger move last year when it ran from subs to highs over $0.30 a share.
RMHB iused to trade under the ticker symbol THCZ and has been for some time now; Totally Hemp Crazy Inc. the stock was the darling of small caps in the beginning months of 2015 until it was slapped with the dreaded skull & crossbones designation from Otcmarkets and the stock price collapsed. All that has been cleaned up now and RMHB is now fully reporting on the OTC.
Rocky Mountain High Brands, Inc (OTCMKTS:RMHB) is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products. The Company currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low calorie Coconut Lime Energy drink. Rocky Mountain High Brands also offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. The Company recently launched a naturally high alkaline spring water, Eagle Spirit Spring Water.
Clever packaging and the purchase price is comparable to Red Bull. I am personally not a fan of energy drinks but not only do I enjoy this stuff, I have recommended it to my friends and several bar owners who also think it’s marketable and have ordered from Amazon. That says a lot. I see definite potential.”
Back when THCZ Initially launched the excitement was palpable with AMAZON rating Rocky Mountain High Hemp Lemonade as the #1 new release in the product category. Cold Spring Brewery in Minnesota initially produced about 4,100 cases recently for the first shipment to Amazon centers as a first test run. The product exploded off the shelves, incredibly selling out with no money spent on marketing in just 3 hours. Cold Springs will produce 45,000 cases for the next run anticipated to ship in about two weeks.
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In November RMHB said they have received a Notice of Allowance from the United States Patent and Trademark Office (USPTO) on their new Blue Leaf design. Upon completion of the process showing that the mark is in service, a trademark will be issued.
Currently, Rocky Mountain High Brands is marketing and selling a line-up of beverages in the marketplace that contain 100 mg of hempseed extract in each 12 oz. can. Seeds of the plant cannabis sativa – also known as hemp seed, contain all the essential amino acids and essential fatty acids necessary to maintain healthy human life. No other single plant source has the essential acids in such an easily digestible form, nor has the essential fatty acids in as perfect a ratio to meet the nutritional needs of human beings. Thus, hemp seed and hemp seed oil may be considered to be the most nutritionally complete food source in the world.
On February 13 RMHB announced the following update from its Chairman, President & Chief Executive Officer, Michael Welch, on the Company’s Master Manufacturing Agreement with CBD Alimentos SA de CV (“Client”).
Mr. Welch stated, “In January, we amended the agreement with our Client at their request to switch from our Rocky Mountain High functional beverages with hemp seed extract to a new formulation of our Rocky Mountain High functional beverages with water soluble cannabidiol (‘CBD’), containing a non-detectable level of 0.00% THC (the compound that creates a ‘high’). With an agreement worth an estimated $7.2 million, we believe that this represents one of the largest single orders of CBD-infused beverages in the industry*. Rocky Mountain High Brands will be one of the first companies to infuse a functional beverage with CBD in a can, which affirms our trailblazer status. Migrating from a hemp-based product to a CBD-infused offering demonstrates our Client’s confidence in Rocky Mountain High Brands’ product quality, capabilities, flexibility, and leadership status.”
Mr. Welch concluded, “In addition to our CBD-infused beverages, we are also researching other products to present to our Client to enhance their portfolio. As demonstrated by our recent HEMP product line announcement, we are evolving into a more diverse brand in 2018, which will provide the Company different sources of revenue. This private label agreement is a very important step in our diversification. Properly executing it is a top priority for the Company at this time.”
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Currently moving steadily upwards towards the $0.02 mark RMHB has minimal assets and revenues and growing short term debt that has resulted in significant dilution. But this is an exciting story developing in small caps; RMHB Rocky Mountain High Hemp Lemonade sells really well and the product was rated as the 1 new release in the product category by Amazon. RMHB has proven itself a master at attracting massive interest in their story like no other penny stock and has recently added a number of important new distributors. We will be updating on RMHB when more details emerge so make sure you are subscribed to Microcapdaily so you know what’s going on with RMHB.
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Disclosure: we hold no position in RMHB either long or short and we have not been compensated for this article.