Rocky Mountain High Brands Unveils Management Restructuring Plans

Rocky Mountain High Brands Unveils Management Restructuring Plans

Rocky Mountain High Brands, Inc. (OTC: RMHB) has announced significant management restructuring aimed at optimizing operations and enhancing overall business performance. This decision comes as the company looks to pave a path for future growth and expand its ambitions within the beverage sector.

In an effort to elevate its operational capabilities, RMHB has engaged expert consultants well-versed in restructuring practices. These specialists possess extensive experience across both small and large enterprises, both private and public. Their focus will be squarely on judicious expense management, debt reduction, and streamlined customer service while generating new operating funds.

The collaboration with these consultants will enable RMHB to improve its finished goods inventory management for its proprietary brands. Additionally, they aim to furnish shorter lead times at a more competitive cost for private label customers. This strategic partnership is expected to place the company in a favorable position in a rapidly evolving marketplace.

Strategic Goals for Improvement

With a strong emphasis on revamping its infrastructure, RMHB is set to leverage the vast networks and backgrounds of its consultants. Their expertise spans areas such as manufacturing, sales and marketing, and finance, which will be instrumental in facilitating timely investment capital. Significant progress has already been initiated to ensure that high-volume, low-cost products will be made available to meet market demand.

In terms of operational outlook, RMHB has begun negotiations with both existing and new customers, gearing up for substantial production expected to commence in the upcoming quarters. This effort is anticipated to translate into major revenue enhancements as early as the first quarter of the next year.

Short-Term Objectives

RMHB has outlined a series of short-term goals to achieve during this restructuring phase:

1. Achieve compliance with Rule 15c2-11 in the upcoming quarter.
2. Establish a robust management team incentivized based on performance metrics.
3. Execute a business strategy that leads to reduced general and administrative costs, alongside lower fixed costs for all product lines.
4. Enhance access to private capital for operational needs.
5. Negotiate improved terms with suppliers to foster healthy business relationships.
6. Strengthen lines of credit to facilitate customer purchasing processes, including a dedicated $2,000,000 receivable line of credit for RMHB's own brands.
7. Implement superior intake policies and elevate internal manufacturing standards.

RMHB extends its gratitude to all shareholders for their ongoing belief in the company's potential. They recognize the challenges faced in the past and sincerely ask for continued patience as they all embark on a journey toward a more promising and vibrant future.

Commitment to Quality and Innovation

At its core, Rocky Mountain High Brands, Inc. is driven by a commitment to transforming the beverage landscape. The company emphasizes raising the bar in terms of quality and consumer expectations, not just for its owned brands but also for cultivating unique opportunities within niche segments.

The company’s wholly-owned subsidiary, Rocky Mountain Productions, Inc., excels in beverage manufacturing, specializing in both cold and hot fill products. This subsidiary is adept at providing co-packing services, ensuring that products reach market readiness with top-notch quality and efficiency.

Focus on Non-Alcoholic Beverages

Another noteworthy subsidiary, Rocky Mountain NexBev, Inc., is dedicated to the non-alcoholic beverage market and focuses on innovative products such as energy drinks and specialty beverages infused with CBD and hemp. The experience amassed by the company in beverage development and design positions it uniquely to capture significant short-term revenue opportunities that have previously been constrained by a lack of funding.

Frequently Asked Questions

What are the primary goals of the RMHB restructuring?

RMHB aims to cut expenses, reduce debt, and enhance customer service while attracting new operating funds.

Who are the consultants involved in RMHB's restructuring?

The consultants are specialists experienced in restructuring various types of companies, offering expertise in critical areas like finance, manufacturing, and marketing.

Will RMHB be compliant with new regulations soon?

Yes, RMHB plans to achieve compliance with Rule 15c2-11 in the upcoming quarter.

How is RMHB planning to enhance its supplier relationships?

The company is working on negotiating improved terms with its suppliers to strengthen relationships and operational efficiency.

What focus areas does Rocky Mountain NexBev cover?

Rocky Mountain NexBev specializes in non-alcoholic beverages, including energy drinks and specialty products like CBD-infused beverages.

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