I wonder how many investors realize how HUGE these past two weeks really were for RMHB and its investors! We had two MAJOR positives for our business occur back-to-back, right at the end of the year.
First was passage of the Farm Bill, which formally legalized CBD at the national level. This is very important because now we no longer need to worry about confusion as to the legality of our products, which alleviates many problems, i.e. labeling issues with Amazon, inability to ship to certain states, and, perhaps most importantly, helps legitimize our business in the eyes of the banking industry.. This will make it easier to get more traditional types of financing to fund our ongoing business and fuel our future growth. This could soon end ongoing share dilution, which basically had to fund everything, in what is now our past business climate.
Second, of course, is the initial PO from CBD Life, subsidiary of RCH Groupo. I always thought it would happen, but as those in business know, so many things can go wrong, and if it didn't happen, it would have just set things back so far, rather than propel them forward. Well, we have the first PO in hand! With the permitting taking as long as it did to clear, all the pricing and scheduling had to be renegotiated, and judging by the latest podcast, Christian and his team really had to go above and beyond to get it all done, during the holidays, to make this happen before year end. Sounds like there was a huge effort put forth by all RMHB staff to renegotiate and make this deal happen, basically for a second time. Thank you to them for that effort. I absolutely LOVE the numbers. A two million can "SAMPLE" order...are you kidding me? That speaks volumes as to the massive potential for this private label deal. The volume in Mexico alone could be much, much bigger than originally anticipated, and they're already working on expanding into Europe and possibly South America and even the US, as well as further expansion in Mexico. I can't wait to see the amended contract with CBD Life and how this relationship flourishes moving forward. Both sides have way too much skin in the game to let the other side fail, and I think this relationship will be rock solid moving forward, for many reasons, and for many years.
I also think getting this initial PO in before year end 2018 was critical! It means 4th quarter financials will show probably a 9 to 10 fold increase in revenue vs Q3, and by the time the year end financials are released, the new contract will be in place, and estimated revenues for 2019 will be available, so those projections can be added to the financial filings and PR. THAT is what will capture the attention of more/bigger investors, which is when this stock will really take off.
Two weeks ago we were a 20 million dollar company in a taboo industry with a potentially huge contract south of the border, but no actual PO. As of today, 12/28/18, we are a business in an indisputably legal industry with a hard copy PO for 2 million cans, and a new contract/additional PO on the way in early 2019. Oh, and we're no longer a 20 million dollar company; the stock market just needs to try to catch up with us, and then keep up with us, as our true value is yet to be determined.
Welcome to the new RMHB everyone!
All this is in my humble opinion, of course!
GLTA Longs!
Go RMHB!
First was passage of the Farm Bill, which formally legalized CBD at the national level. This is very important because now we no longer need to worry about confusion as to the legality of our products, which alleviates many problems, i.e. labeling issues with Amazon, inability to ship to certain states, and, perhaps most importantly, helps legitimize our business in the eyes of the banking industry.. This will make it easier to get more traditional types of financing to fund our ongoing business and fuel our future growth. This could soon end ongoing share dilution, which basically had to fund everything, in what is now our past business climate.
Second, of course, is the initial PO from CBD Life, subsidiary of RCH Groupo. I always thought it would happen, but as those in business know, so many things can go wrong, and if it didn't happen, it would have just set things back so far, rather than propel them forward. Well, we have the first PO in hand! With the permitting taking as long as it did to clear, all the pricing and scheduling had to be renegotiated, and judging by the latest podcast, Christian and his team really had to go above and beyond to get it all done, during the holidays, to make this happen before year end. Sounds like there was a huge effort put forth by all RMHB staff to renegotiate and make this deal happen, basically for a second time. Thank you to them for that effort. I absolutely LOVE the numbers. A two million can "SAMPLE" order...are you kidding me? That speaks volumes as to the massive potential for this private label deal. The volume in Mexico alone could be much, much bigger than originally anticipated, and they're already working on expanding into Europe and possibly South America and even the US, as well as further expansion in Mexico. I can't wait to see the amended contract with CBD Life and how this relationship flourishes moving forward. Both sides have way too much skin in the game to let the other side fail, and I think this relationship will be rock solid moving forward, for many reasons, and for many years.
I also think getting this initial PO in before year end 2018 was critical! It means 4th quarter financials will show probably a 9 to 10 fold increase in revenue vs Q3, and by the time the year end financials are released, the new contract will be in place, and estimated revenues for 2019 will be available, so those projections can be added to the financial filings and PR. THAT is what will capture the attention of more/bigger investors, which is when this stock will really take off.
Two weeks ago we were a 20 million dollar company in a taboo industry with a potentially huge contract south of the border, but no actual PO. As of today, 12/28/18, we are a business in an indisputably legal industry with a hard copy PO for 2 million cans, and a new contract/additional PO on the way in early 2019. Oh, and we're no longer a 20 million dollar company; the stock market just needs to try to catch up with us, and then keep up with us, as our true value is yet to be determined.
Welcome to the new RMHB everyone!
All this is in my humble opinion, of course!
GLTA Longs!
Go RMHB!
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