Rocky Mountain High Brands Announces Equity Restru
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Posted On: 05/30/2017 9:18:15 AM
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.
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