Rocky Mountain High Brands Announces Increase in A
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Posted On: 09/21/2017 9:15:22 AM
Rocky Mountain High Brands Announces Increase in Authorized Shares
Globe Newswire
September 21, 2017 9:00am
DALLAS, Sept. 21, 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 spring water, announced that its Board of Directors approved an increase in the authorized common stock to 4,000,000,000 shares. The increase in authorized stock will be effective 20 days after mailing to shareholders an information statement Schedule 14C.
Michael Welch, Chairman of the Board, President and Chief Executive Officer, stated, "The Company felt that it was necessary and in the best interest of RMHB to approve an increase in the authorized shares at this time. This increase in common stock shares will be to accommodate equity financing, to provide capacity for acquisition opportunities that the Company would like to pursue, and to provide RMHB flexibility well into the future without having to go through the time and expense of increasing the authorized shares again."
RMHB will file a Form 8-K with the Securities and Exchange Commission later today.
Thats more dilution? Stop diluting the company
Globe Newswire
September 21, 2017 9:00am
DALLAS, Sept. 21, 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 spring water, announced that its Board of Directors approved an increase in the authorized common stock to 4,000,000,000 shares. The increase in authorized stock will be effective 20 days after mailing to shareholders an information statement Schedule 14C.
Michael Welch, Chairman of the Board, President and Chief Executive Officer, stated, "The Company felt that it was necessary and in the best interest of RMHB to approve an increase in the authorized shares at this time. This increase in common stock shares will be to accommodate equity financing, to provide capacity for acquisition opportunities that the Company would like to pursue, and to provide RMHB flexibility well into the future without having to go through the time and expense of increasing the authorized shares again."
RMHB will file a Form 8-K with the Securities and Exchange Commission later today.
Thats more dilution? Stop diluting the company
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