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Posted On: 06/05/2025 5:56:46 PM
Post# of 75355
This is copied and pasted from the last Quarterly report. Not much of an update but at least its something. Hope to hear from corporate soon.
Capital Raise Update
In regards to private capital, the turnaround team has raised over $400,000 Dollars in operating capital and a $300,000 equipment lease for the completed set up of the non-food grade plant and to increase finished goods inventory of company owned brands. These funds have been invested through Convertible Notes that are scheduled to be exchanged for stock (paid in capital) in the second quarter of 2025. The company has more commitments for substantial sums of operating capital based on staying focused on the current path to success.
Product & Fulfillment Update
Smart BioHemp Wood Protectant – The company’s previous Press Release stated production would start the week of February 23, 2025. Due to lead times, the start date was delayed. Small production runs have been made for inventory. Large volume runs are scheduled to start the week of April 13, 2025.
CBD Drinks
Production scheduled to start in March didn’t start until the first week in April. Delays were mostly from long lead times on ingredients and materials.
RMHB’s Electrolyte Products & Fulfillment Center
Production of Half Liter and 1 Liter electrolyte drinks under RMHB owned brands Great Choice & Electro Sportlyte were scheduled to start in March 2025. Due to the redesign of labels and lead times, the company is delaying that production until May.
https://www.otcmarkets.com/stock/RMHB/disclosure
Capital Raise Update
In regards to private capital, the turnaround team has raised over $400,000 Dollars in operating capital and a $300,000 equipment lease for the completed set up of the non-food grade plant and to increase finished goods inventory of company owned brands. These funds have been invested through Convertible Notes that are scheduled to be exchanged for stock (paid in capital) in the second quarter of 2025. The company has more commitments for substantial sums of operating capital based on staying focused on the current path to success.
Product & Fulfillment Update
Smart BioHemp Wood Protectant – The company’s previous Press Release stated production would start the week of February 23, 2025. Due to lead times, the start date was delayed. Small production runs have been made for inventory. Large volume runs are scheduled to start the week of April 13, 2025.
CBD Drinks
Production scheduled to start in March didn’t start until the first week in April. Delays were mostly from long lead times on ingredients and materials.
RMHB’s Electrolyte Products & Fulfillment Center
Production of Half Liter and 1 Liter electrolyte drinks under RMHB owned brands Great Choice & Electro Sportlyte were scheduled to start in March 2025. Due to the redesign of labels and lead times, the company is delaying that production until May.
https://www.otcmarkets.com/stock/RMHB/disclosure
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