A Look at Rocky Mountain High Brands, Inc (OTCMKTS:RMHB)
By Paul Knag on October 27, 2015 Media & Technology, Micro Cap Insider
Rocky Mountain High Brands, Inc (OTCMKTS:RMHB) is the new name and ticker symbol for THCZ; Totally Hemp Crazy Inc. The Company has a long history of name changes previously trading as Stealth Industries Inc., Precious Metals Exchange Corp, Legends Food Corporation and Republic of Texas Brands Incorporated.
RMHB is one stock that knows how to market itself and its stock making a spectacular run earlier this year out of sub penny land to highs of $0.32 a share.
Rocky Mountain High Brands, Inc (OTCMKTS:RMHB) product seems to sell exceptionally well, maybe the following quote from Gadget White on Seeking Alpha explains why: ”THCZ has a GOOD product. I own stock and have tried the beverage. Not only does it taste much better than Monster energy drink and Red Bull, it is made from natural ingredients such as beet sugar and hemp seed which has been linked to many health benefits
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 in April RMHB announced ”third quarter financials have been posted and the Company has recorded revenues of $67,663.51 for sales of its Rocky Mountain High hemp-infused beverages in the last two weeks of March 2015. Based on current predictions the Company expects the next quarter sales to be in excess of $700,000.”
Later in April the Company announced a distribution agreement with the Dr Pepper Bottling Company of Elk City, OK. This is the first distribution deal for the Company in Oklahoma for the Rocky Mountain High hemp-infused line-up of beverages and is a possible gateway for other similar type of distribution deals.
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On October 26 RMHB announced the new ‘Snow Flake’ graphic cans of Rocky Mountain High beverages will be produced this week. The new graphic design is targeted specifically for large National / Regional retail accounts. The production run will also feature the introduction of a white can with colored mountains for all five (5) products, an infusion of 100 mg of hempseed extract in each can versus the previous 50 mg, the brand new 15 calorie Mango Energy drink sweetened with stevia and agave nectar, and now both energy drinks will contain 120 mg of caffeine.
According to CEO Tom Shuman ”a record breaking expanded production run of 96,000 cases will be produced this week. The production run will now allow us to move into Phase 2 of our marketing strategy. Phase 1 was to change the corporate name from Totally Hemp Crazy to Rocky Mountain High Brands to provide the company easier access to larger corporate retail accounts, and to build brand equity in one brand name — Rocky Mountain High. The second part of the plan is to introduce the new Snow Flake can design to Regional and National Accounts.”
Jerry Grisaffi said “These are exciting times for the company. All of the new production will include a 100% increase of hemp seed extract. The energy drink products will now feature 120 mg of caffeine, the addition of a new can graphic to appeal to a new and larger demographic consumer and retailer group, plus the development of additional products that we will be adding very soon to our hemp-infused portfolio.”
According to the 10Q RMHB filed on April 6 the Company has $523,000 in the treasury and a $1.17 million convertible note. They also have small but growing revenues reporting $67,663.51 in sales of its Rocky Mountain High hemp-infused beverages in the last two weeks.
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Currently trading at a $33 million market valuation RMHB has minimal assets and revenues and growing short term debt that could result in significant dilution. But this is an exciting story developing in small caps; RMHBRocky Mountain High Hemp Lemonade is selling really well and the product was recently 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
