DALLAS, Oct. 24, 2019 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a healthy lifestyle Company specializing in high-quality health and wellness products announced a clarification to its shareholders.
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, "I want to clear up some possible investor confusion that recently came to our attention on RMHB's status to manufacture products for CBD Life for importing into Mexico and distributing throughout the country:
-- Rocky Mountain High Brands has the exclusive manufacturing agreement for CBD Life's beverages under its three-year Master Manufacturing Agreement.
-- CBD Life has the unique position as the first and only company to be granted six permits for importing and distributing CBD-infused beverages
by COFEPRIS (Mexico's similar organization to the U.S. FDA) in Mexico.
Rocky Mountain High Brands is named as the exclusive manufacturer of the
beverages on the permits.
-- CBD Life also holds other permits which allows them to import and
distribute a wide range of other CBD products from other companies.
-- RMHB has scheduled a 45,000 can sample run for early November of Rocket High, California Lemonade, and California Black Tea as the first part of the initial 2,000,000 can production for CBD Life. This schedule date is
contingent upon our suppliers meeting their obligations to the Company.
-- The production run will provide CBD Life with the beverage samples of
each flavor requested. After receiving the sample beverages in Mexico,
CBD Life will notify the Company of the quantities per SKU for the remainder of the 2,000,000 can production.
-- An International Hispanic News Media Outlet has requested to be allowed
to film the production run so that they can finish their news report on CBD Life and RMHB.
-- The 2019 fourth quarter CBD Life revenue will be based on the quantity of
beverages that the Company will be able to produce and deliver to CBD Life's warehouse in Laredo, Texas between the date the Company receives
the beverage forecast mix from CBD Life and December 31, 2019.
Oscar Herrera, Director of Private Label Sales, and I represented RMHB at CBD Life's launch party for the non-beverage CBD products on August 8, 2019 in Mexico City. August 8th is also National CBD day in the United States."
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, "I want to clear up some possible investor confusion that recently came to our attention on RMHB's status to manufacture products for CBD Life for importing into Mexico and distributing throughout the country:
-- Rocky Mountain High Brands has the exclusive manufacturing agreement for CBD Life's beverages under its three-year Master Manufacturing Agreement.
-- CBD Life has the unique position as the first and only company to be granted six permits for importing and distributing CBD-infused beverages
by COFEPRIS (Mexico's similar organization to the U.S. FDA) in Mexico.
Rocky Mountain High Brands is named as the exclusive manufacturer of the
beverages on the permits.
-- CBD Life also holds other permits which allows them to import and
distribute a wide range of other CBD products from other companies.
-- RMHB has scheduled a 45,000 can sample run for early November of Rocket High, California Lemonade, and California Black Tea as the first part of the initial 2,000,000 can production for CBD Life. This schedule date is
contingent upon our suppliers meeting their obligations to the Company.
-- The production run will provide CBD Life with the beverage samples of
each flavor requested. After receiving the sample beverages in Mexico,
CBD Life will notify the Company of the quantities per SKU for the remainder of the 2,000,000 can production.
-- An International Hispanic News Media Outlet has requested to be allowed
to film the production run so that they can finish their news report on CBD Life and RMHB.
-- The 2019 fourth quarter CBD Life revenue will be based on the quantity of
beverages that the Company will be able to produce and deliver to CBD Life's warehouse in Laredo, Texas between the date the Company receives
the beverage forecast mix from CBD Life and December 31, 2019.
Oscar Herrera, Director of Private Label Sales, and I represented RMHB at CBD Life's launch party for the non-beverage CBD products on August 8, 2019 in Mexico City. August 8th is also National CBD day in the United States."
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