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ROCKY MOUNTAIN HIG (OTCMKTS:RMHB) Releases Update On Private Label Deal
Published 5 hours ago
on March 15, 2018
By Rebecca Harrison
ROCKY MOUNTAIN HIG (OTCMKTS:RMHB) reported an update from its President, Chief Executive Officer and Chairman, Michael Welch, on the firm’s Master Manufacturing Deal with CBD Alimentos SA de CV.
The buzz
The CEO of Rocky Mountain expressed that in January, they amended the deal with their customer at their request to move from their Rocky Mountain High functional drinks with hemp seed extract to a latest formulation of their Rocky Mountain High functional drinks with water soluble CBD, having a non-detectable THC level of 0.00%.
With a deal worth an anticipated $7.2 million, they consider that this exhibits one of the major single orders of Cannabidiol-infused drinks in the market. Rocky Mountain will mark as one of the first firms to infuse a functional drink with cannabidiol in a can, which affirms their trailblazer status. Switching from a hemp-based item to a CBD-infused product demonstrates their client’s confidence in company’s product capabilities, flexibility, quality and leadership status.
Mr. Welch added that in addition to their CBD-infused drinks, they are also researching other offerings to present to their customer to enhance their portfolio. As shown by their latest HEMPd product line report, they are emerging into a more varied brand in 2018, which will offer the firm distinct sources of revenue. This private label deal is a very vital step in their diversification. Properly implementing it is a major priority for the firm at this time.
Rocky Mountain marks as a famous publicly-traded brand management firm, which specializes in developing, marketing, distributing and manufacturing premium-quality, health conscious, hemp-infused offerings that span different “good for you” segments. The firm presently markets a lineup of four flavored hemp-based functional drinks. These four flavors are Black Tea, Mango Energy, Citrus Energy and Lemonade. In addition, the firm provides hemp-infused 2oz. Mixed Berry Energy Shots and Mango Energy Shots.
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