Business
Rocky Mountain High Brands Reports Record Revenue of $2,185,450 Through September 30, 2022
Rocky Mountain High Brands Reports Record Revenue of $2,185,450 Through September 30, 2022.
About this update from Rocky Mountain High Brands, Inc.
[{"type":"text","content":"\n PLANO, Texas, Dec. 16, 2022 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTC: RMHB) today reported financial results for the first three quarters of 2022. The Company reported record revenue of $2,185,450 representing the best third quarter year-to-date revenue in Company history and 642% year-over-year growth. The third quarter 2022 revenue was $1,376,141 which was a 664% increase over revenue for the third quarter of 2021. Revenue for the first quarter of 2022 was $121,352 representing a 101% increase over revenue for the first quarter of 2021. Revenue for the second quarter of 2022 was $687,978 representing an 828% increase over revenue for the second quarter of 2021. The Company made significant investments in additional production equipment, substantial leasehold improvements, and product development during 2021 and 2022, which includes the period impacted by the COVID-19 pandemic. With these operating assets, the Company successfully pursued business opportunities addressing client and consumer needs. This strategy resulted in dramatically increasing revenue, starting in the first quarter of 2022, and building through the third quarter of 2022. Over the past few years, the Company demonstrated tremendous courage of conviction and made tough decisions to fundamentally change and grow the business. The Company’s success was earned on the back of the right strategy and extraordinary execution by team members. Rocky Mountain High Brands, Inc. is a diversified and dynamic Company committed to making a difference by raising the quality and expectations in beverages. We are committed to producing healthier beverages with innovative flavors designed to help people feel inspired. Great Choice® is a registered trademark owned by RMHB. The products include Great Choice Pediatric Electrolyte Solution, Great Choice® Medicated Chest Rub, and Great Choice® Infant Rub. These products are National Brand Equivalent (NBE) products and compare with national brands such as Pedialyte®. The NBE market is a rapidly growing market, and the Company is exploring adding additional NBE product and business lines. Our Eagle Spirit® is a high alkaline spring water that has a high pH, an all-natural refreshing taste, and is sourced from sacred Native American soil rich in history and culture. The name of Ea...