Rocky Mountain High Brands Announces First Purch
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Posted On: 12/28/2018 9:25:14 AM
Rocky Mountain High Brands Announces First Purchase Order and Deposit from CBD Life; New Websites for Rocket High and California Beverages
DALLAS, Dec. 28, 2018 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a fully reporting lifestyle brand management company specializing in high-quality health and wellness products, announced today that it received the first purchase order and deposit from CBD Life for an initial test run of 2,000,000 cans of Rocket High, California Lemonade and California Black Tea.
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, "Approximately two weeks ago, CBD Life presented the Company with a preliminary purchase order for 2,000,000 cans of beverages for their use as sales samples in Mexico. Under our agreement with them, we were obligated to present updated pricing from our ingredient vendors, can manufacturer and copacker prior to the commencement of our first production run. We were notified late on December 24, 2018 that CBD Life had approved the updated pricing. When the beverages from this first purchase order are delivered to CBD Life during the first quarter of 2019, the Company can recognize over $930,000 in revenue. Yesterday, CBD Life wired the Company a 50% deposit for this particular run. We are excited to commence this project and anticipate that this initial order will be proceeded by a significantly larger order in the first quarter of 2019."
Mr. Welch continued, "CBD Life has also launched a very aggressive digital marketing plan, including two separate websites in Spanish for the two different brands www.rockethigh.com for Rocket High and www.californiadrinks.com for California Lemonade and California Black Tea. We have included images of both brands on our Rocky Mountain High Brands corporate website at www.rockymountainhighbrands.com/our-brands. Also, of note, Powered by Rocky Mountain High is displayed on the front of the Rocket High cans and the back of the California cans."
Mr. Welch concluded, "In addition, CBD Life is frequently quoted in the Mexican press regarding Rocket High and California beverages. Attached is a link to one of the articles from Bloomberg's Mexican affiliate, El Financiero, from December 26, 2018, quoting Janko Ruíz de Chávez, Operations Director of CBD Life, stating that CBD Life is finalizing conversations with several chains of convenience stores to sell Rocket High: www.elfinanciero.com.mx/opinion/de-jefes/la-empresa-que-lidiara-con-red-bull."
About Rocky Mountain High Brands:
ROCKY MOUNTAIN HIGH BRANDS, INC., (RMHB) is a publicly-traded, lifestyle brand management company that markets "good for you" products to health-conscious consumers.
We are committed to empowering, motivating and inspiring healthy lifestyle habits that create a positive impact on everyday people. We reach those people with our brand messages and change people's lives with our products. Our products inspire people to choose wellness and healthy lifestyles.
Our mission is to help people live more productive and healthier lives.
The Company currently markets a naturally flavored hemp-infused functional beverage under the name Rocky Mountain High. RMHB also bottles and distributes a naturally high alkaline spring water under the name Eagle Spirit Spring Water. In March 2018, the Company launched its HEMPd product line, which currently consists of CBD-infused topicals and nutraceuticals. The Company introduced a line of HEMPd CBD-infused functional beverages in the fourth quarter. The Company acquired FitWhey, a unique water-based protein drink that is naturally sweetened, flavored and colored that combines the highest quality whey protein isolate with caffeine. RMHB continues to be innovative through R&D and bringing new products to market.
Our vision is to create and sell "good for you" products that touch people in fun, unique and relevant ways.
For interested investors, our stock symbol is RMHB.
For corporate information, please visit: RockyMountainHighBrands.com
Facebook: https://www.facebook.com/rockymountainhighbrands?fref=nf
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 to reflect events or circumstances that may arise after the date of this release.
Contact:
Michael Welch, President and Chief Executive Officer
michael@rockymountainhighbrands.com
Investor Relations:
David Seeberger, Vice President and General Counsel
Phone: (972) 833-1585
Fax: (214) 593-5617
david@rockymountainhighbrands.com
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December 28, 2018 09:00 ET (14:00 GMT)
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