Posted On: 12/08/2016 8:50:44 AM
Post# of 75062
Lily Li and the Chinese investors she represents in this venture were obviously impressed with the results of her/their test marketing of 200k cans of Rocky Mountain High hemp infused beverages last year in the New York metropolitan area (and possibly in China as well).
They were excited enough to quickly get behind the launch of Rocky Mountain High Brands China, Inc., as well as take aim on the US market by offering to buy all of Jerry's series A preferred shares, which would give her/them control of the parent company with a majority of voting rights. Jerry would still be in possession of about 17% of the OS common stock, so he's definitely not bailing, just doing a very smart thing to turbo charge a company with massive growth potential.
As part of the deal, a "substantial" cash infusion would be (or is being) negotiated, which would provide some very beneficial support for the expansion effort. As it starts to ramp up, a considerable increase in production and distribution capital will be needed, so a deal like this is obviously capable of changing the game for this company.
They were excited enough to quickly get behind the launch of Rocky Mountain High Brands China, Inc., as well as take aim on the US market by offering to buy all of Jerry's series A preferred shares, which would give her/them control of the parent company with a majority of voting rights. Jerry would still be in possession of about 17% of the OS common stock, so he's definitely not bailing, just doing a very smart thing to turbo charge a company with massive growth potential.
As part of the deal, a "substantial" cash infusion would be (or is being) negotiated, which would provide some very beneficial support for the expansion effort. As it starts to ramp up, a considerable increase in production and distribution capital will be needed, so a deal like this is obviously capable of changing the game for this company.
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