(Total Views: 591)
Posted On: 05/30/2017 9:18:15 AM
Post# of 75357
Rocky Mountain High Brands Announces Equity Restructuring
DALLAS, May 30, 2017 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in hemp-infused food and beverage products and a naturally high alkaline water, announced today that its Board of Directors has approved a rollback of the conversion rights of the Preferred A Control Block from 1 share of Preferred A to 1,200 shares of Common Stock to 1 Share of Preferred A to 100 shares of Common Stock. By approving this measure, the potential dilution of the Company’s Common Stock will be reduced by 1.1 billion shares.
DALLAS, May 30, 2017 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in hemp-infused food and beverage products and a naturally high alkaline water, announced today that its Board of Directors has approved a rollback of the conversion rights of the Preferred A Control Block from 1 share of Preferred A to 1,200 shares of Common Stock to 1 Share of Preferred A to 100 shares of Common Stock. By approving this measure, the potential dilution of the Company’s Common Stock will be reduced by 1.1 billion shares.
(3)
(0)
