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March 01, 2017 12:15 ET | Source: Rocky Mountain High Brands, Inc.
DALLAS, March 01, 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 Jerry Grisaffi, Founder and Chairman of the Board of Directors, sold his controlling interest in the Company to LSW Holdings, LLC through a private transaction that closed on February 28, 2017.
Lily Li, Managing Member of LSW Holdings, LLC, said, “We are excited about our transaction with Mr. Grisaffi and RMHB. We believe that this Company will become a world-wide brand very soon. We plan to merge Rocky Mountain High China into the Company as a wholly-owned subsidiary in the near future. Rocky Mountain High China is currently a non-affiliated company and is the exclusive distributor for Rocky Mountain High Brands in China. This will allow Rocky Mountain High Brands to consolidate the revenue that we generate in China and will benefit the Company’s shareholders.”
Li continued, “We are also very excited about introducing a new hemp-infused ginseng plum drink into the Asian market. Plum is a huge seller in the Asian markets. With the expertise and resources of Rocky Mountain High Brands, we believe that we will be able to create this new drink and many others to bring to market very quickly. We are very pleased about what we have accomplished and will share future plans very soon.”
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., said, “We are thrilled with the investment by LSW Holdings and their commitment to Rocky Mountain High Brands. The resources that they bring to our Company will fund new product development, inventory production, innovative advertising and marketing campaigns and help us increase our distribution base both in the U.S and internationally. This is a major turning point for our Company and its shareholders.”
About Rocky Mountain High Brands:
ROCKY MOUNTAIN HIGH BRANDS, INC., 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.
For interested investors, our stock symbol is RMHB.
For ordering information please visit: LiveRockyMountainHigh.com
For corporate information please visit: RockyMountainHighBrands.com
For information on our high alkaline water visit: EagleSpiritWater.com
For Rocky Mountain High Distribution Contact:
Chuck Smith (972) 955-0964
chuck@rockymountainhighbrands.com
Visit us on Facebook: https://www.facebook.com/rockymountainhighbrands?fref=nf
Visit us on Twitter:
#GetYourHempOn
Visit us at Investors Hangout: http://investorshangout.com/Rocky-Mountain-Hi...MHB-69150/
Investors Hangout is the only authorized Investors blog page for Rocky Mountain High Brands, Inc.
Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Jerry Grisaffi, Founder
jerry@rockymountainhighbrands.com
Investor Relations:
Jack Eversull, President
The Eversull Group, Inc.
Phone: (972) 571-1624
Fax: (214) 469-2361
jack@theeversullgroup.com
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