Business
Rocky Mountain High Brands Announces Highest Quarterly Sales Since Becoming a Fully Reporting Company in 2016;Updates on Green Lotus, CBD Life and HEMPd Beverages
Rocky Mountain High Brands Announces Highest Quarterly Sales Since Becoming a Fully Reporting Company in 2016;Updates on Green Lotus, CBD Life and HEMPd Beverages.
About this update from Rocky Mountain High Brands, Inc.
[{"type":"text","content":"\n DALLAS, Oct. 07, 2019 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB: RMHB) (“the Company”), a healthy lifestyle company specializing in high-quality health and wellness products, announced today that it recorded third quarter net sales of $353,863, a record breaking quarter for the Company since it became a fully reporting company in 2016.  Complete financial information for the third quarter will be available in the Company’s Third Quarter SEC 10-Q filing, due November 14, 2019. Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, “I am very proud of our team and our accomplishments in this quarter.  We delivered two SKUs of the Green Lotus™ Sparkling Hemp Water (Watermelon and Grapefruit) by September 30, 2019.  This allowed the management of Green Lotus to meet their customer commitments and enabled the Company to record the production revenue in the third quarter. Due to the excellent sales of their Green Lotus™ Sparkling Hemp Water, the management of Green Lotus anticipates placing their next purchase order with the Company in the fourth quarter.  Depending on the timing of the next Green Lotus purchase order, the Company can recognize some, and/or all the revenue associated with the next purchase order in the fourth quarter.” Mr. Welch continued, “The Company is planning a 45,000 can sample run this month of Rocket High, California Lemonade, and California Black Tea as the first part of the initial 2,000,000 can production for CBD Life. An International Hispanic News Media Outlet has requested to be allowed to film the production run so that they can finish their report on CBD Life and its unique position as the first and only company to be granted permits by COFEPRIS (Mexico’s similar organization to the U.S. FDA) to import and distribute CBD beverages in Mexico. Rocky Mountain High Brands has the exclusive manufacturing agreement for CBD Life’s beverages under its three-year Master Manufacturing Agreement. Contingent upon our suppliers meeting their obligations to the Company, the CBD Life’s sample run will occur in October.  This production run will provide CBD Life with the beverage samples they requested.  After receiving the beverages in Mexico, CBD Life will no...