Rocky Mountain High Brands Inc. (OTCQB: RMHB) rece
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Posted On: 02/21/2018 7:41:19 AM
Rocky Mountain High Brands Inc. (OTCQB: RMHB) recently announced an update from its Chairman, President & Chief Executive Officer, Michael Welch, on the Company's Master Manufacturing Agreement with CBD Alimentos SA de CV ("Client"
. Mr. Welch stated, "In January, we amended the agreement with our Client at their request to switch from our Rocky Mountain High functional beverages with hemp seed extract to a new formulation of our Rocky Mountain High functional beverages with water soluble cannabidiol ('CBD'), containing a non-detectable level of 0.00% THC (the compound that creates a 'high'). With an agreement worth an estimated $7.2 million, we believe that this represents one of the largest single orders of CBD-infused beverages in the industry*. Rocky Mountain High Brands will be one of the first companies to infuse a functional beverage with CBD in a can, which affirms our trailblazer status. Migrating from a hemp-based product to a CBD-infused offering demonstrates our Client's confidence in Rocky Mountain High Brands' product quality, capabilities, flexibility, and leadership status." Mr. Welch concluded, "In addition to our CBD-infused beverages, we are also researching other products to present to our Client to enhance their portfolio. As demonstrated by our recent HEMPd product line announcement, we are evolving into a more diverse brand in 2018, which will provide the Company different sources of revenue. This private label agreement is a very important step in our diversification. Properly executing it is a top priority for the Company at this time."
. Mr. Welch stated, "In January, we amended the agreement with our Client at their request to switch from our Rocky Mountain High functional beverages with hemp seed extract to a new formulation of our Rocky Mountain High functional beverages with water soluble cannabidiol ('CBD'), containing a non-detectable level of 0.00% THC (the compound that creates a 'high'). With an agreement worth an estimated $7.2 million, we believe that this represents one of the largest single orders of CBD-infused beverages in the industry*. Rocky Mountain High Brands will be one of the first companies to infuse a functional beverage with CBD in a can, which affirms our trailblazer status. Migrating from a hemp-based product to a CBD-infused offering demonstrates our Client's confidence in Rocky Mountain High Brands' product quality, capabilities, flexibility, and leadership status." Mr. Welch concluded, "In addition to our CBD-infused beverages, we are also researching other products to present to our Client to enhance their portfolio. As demonstrated by our recent HEMPd product line announcement, we are evolving into a more diverse brand in 2018, which will provide the Company different sources of revenue. This private label agreement is a very important step in our diversification. Properly executing it is a top priority for the Company at this time."
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(1)Rocky Mountain High Brands, Inc. (RMHB) Stock Research Links
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