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From the other board:
Jerry Grisaffi's RTON has announced a 1-for-250 reverse split. How soon before RMHB reverse splits again?
Good question.
Remember when there was last talk of a reverse split of RMHB but adirondickhi insisted it would never happen because there would be share buybacks enabled from the vast stream of revenue that was on the way?
Shortly afterwards there was the 1:20 reverse split and many of the myopic old faithful have been left nursing their losses ever since.
Enough said? Not quite.
How much longer can RMHB burn through cash and continue the shares bloat?
1,840 DAYS OF MEXICO LIES / NO ORDERS
Rocky Mountain High Brands Announces Significant Private Labeling Contract
Press Release | 12/19/2017
DALLAS, Dec. 19, 2017 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products and a naturally high alkaline spring water announced today the Company has entered into a three-year Master Manufacturer Agreement with CBD Alimentos SA de CV (“CBD”), a food and beverage distributor from Mexico. During the term of this Agreement, CBD shall have the exclusive right to distribute in Mexico the Company’s energy and soft drinks with hemp seed oil and hemp seed extract. In return, CBD will utilize the Company as its exclusive supplier of its hemp-infused drinks.
CBD’s initial purchase order will be 8,000,000 cans, worth up to an estimated $3,600,000 in revenue for the Company during late first quarter or early second quarter of 2018. The 2018 volume requirement is 16,000,000 cans including the initial purchase order. This translates to revenue to RMHB of up to an estimated $7,200,000 in 2018 under this contract. RMHB and CBD will work in good faith to agree to a 2019 volume requirement.
Michael Welch, Chairman of the Board, President and Chief Executive Officer, said, “We are very pleased to have this significant private label opportunity to provide our original hemp-infused drinks in Mexico and are looking forward to working with CBD. This agreement, made possible by CBD, is an important milestone for our Company. We look forward to meeting Mexico’s demand for hemp-infused drinks with our great products. We will work closely with CBD to advance this strategic opportunity.”
The Company filed a Form 8-K with the Securities and Exchange Commission on December 15, 2017. A copy of that filing can be found at:
https://www.sec.gov/Archives/edgar/data/1670869/000166357717000415
Jerry Grisaffi's RTON has announced a 1-for-250 reverse split. How soon before RMHB reverse splits again? From 95 million to the present 554 million Outstanding already (or is it 582 million as per the recent financials?) it shouldn't take long pushing on towards the one billion Authorized since they are only staying in business by printing new shares.
Agreed! Interestingly, every stock in my portfolio is reporting green, except for one red stock…..you guessed it, RMHB.
From the other board:
What happened to the pent up buying that was going to be unleashed when the listing went Pink Current? It's been a big yawn. Now we are waiting for the next "big news".
This new board layout is a step backwards. The tizzy icons next to the posters names contribute nothing (who cares?) and are too dark to discern the image which is quite meaningless anyway. The message numbers they have replaced were a good guide to board activity both in volume and posts that had been given the boot.
chart has turned to $hit like all otc scams do,alps and gtsm sucking the $ out
I do trust that “chart” is two ply extra absorbent.
chart shows 1 year breakout,record accumulation says it all,something is coming,beautiful price channel with no continuous decline,many buy signals on scanner,all companies started somewhere low and ugly and some grew into massive giants,all otc is garbage scams until they crawl out into big board garbage scams,no ticker is in play to make anyone $,all tickers all boards are for profit at shareholders expense, especially lately everything just keeps going down! while RMHB bounces from .01 to .03+
There has been a single solitary comment over there on the actual content of the financials ("Great News … Over 2 MILLION in Revenue thru September 30, 2022!") and that was by someone who is on the RMHB payroll (shares in lieu of cash). The numerous other posts since the release are basically worthless puffery or outright nonsense. The full implications of the financials are being treated as though they are radioactive and must be ruthlessly suppressed. Don't look for informed and balanced discussion there, it is just a propaganda arm of the Company under the control of two-bit dictators.
Here is a winner from the other board, I just can't believe how gullible some people are!! This company is so much in debt and have failed at just about everything they touch, and you have someone post this.
Picked up 235k at .0198 and it’s in my Roth . Hopefully in a couple years rmhb will be successful and I will have a nice retirement . High risk high reward . Only invest in what you can afford .
Needles to say they didn't tell him he'll be trying to stay warm in a cardboard box over a steam vent on the streets of Chicago in less than 2 years. Simply UNBELIEVABLE!!
Posted by growdoe on the other board:
Moderation getting too much when my comment hoping for Q4 reports to be posted on time is deleted. I've been here for four years and recently bought more in Nov.
Let's allow some conversation. Not much to ask a public company to file their reports on time NOW that they are reporting again.
Yep, some serious hemp going down on the other board.
It's amusing to see Paul Pnoprick give IHub a plug on the other board.
Just the start of the climb, Merry Christmas everyone GLTA!
Record Revenue news $2,185,450 ,could create interest
Christmas miracle,lotto,run rudolf run,anything is possible in this new market insanity
Yield sign removed ..RMHB is Pink Current
it's a good start.. as promised..
From the other board:
It is very odd why this convenient summary of the long overdue financial results should be being summarily deleted as though it is bringing leprosy or the plague to the board. Is there something about the results that is embarrassing or shameful? Could it be that the Loss line is considered disruptive of the feel-good narrative that is being spun out of the Sales line? I think the best thing to do would be to put on your big boy pants and accept that reality cannot be wished away and it always prevails in the end. There is obviously still a long way to go before this struggling little outfit becomes a moderately successful going concern let alone a thriving world class company.
For the Three Months Ended September 30, 2022 (Unaudited):
Sales-net $1,376,141
Cost of sales $850,421
Gross Profit/Loss $525,720
General and administrative expenses $1,468,276
Loss from operations ($942,556)
For the Nine Months Ended September 30, 2022 (Unaudited):
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
From the other board:
UPDATE
They are still Pink Limited Information
There is still some confusion about the spelling of the new Director's name
There is still some confusion about the number of Outstanding Shares
But what is clear is they are are well on track to make a large Loss for the full year
also.. RMHB is better run now then ever before.
well will that take it?
I don't know . but at least a uptick in production capacity seems certain.
I do know that some(here maybe?) will take the opportunity to use the
"soon to be yield removal" as a take proft or sell or whatever..
have fun with that guys.. I don't partake in those kinds of endeavors.. but if it makes you money then have a blast..
I somewhat agree with that.
the bottling facility situation could always be a target for a company that needs more capacity. It is producing and has kept the lights on during difficult times ..
but that amounts to small change.
the big money is developing unique products that grab a regional/national foothold in todays tough market . shelf space is limited. no easy task .
with that said :
RMHB /CBD life drink is unique,, gaining some traction in MX . I have tried the Rocket High
-its very good
still too much of a gray area in the USA state to state with this CBD market/THC market..
if for some reason - in the future -the FDA lightens up nationally on the subject then it will benefit RMHB and others in this field.
not expecting that anytime soon. but you never know,
the attorney letter will be /should be enough to get the yield sign removed.
should happen shortly..maybe before Friday or sometime next week.
the big hold up in the past was the acquisition of the bottling company during covid and how to process that tricky deal within the financials.
seems like it is finally worked out .
we shall see.
whether or not it gets removed won't change the SP situation much imo due to restrictive nature these days of pink sheets and overall sentiment of OTC stocks being in the gutter(as well of as many major brokerages -who once were openly good with trading them..now want no part of the OTC)
who knows maybe the overall OTC in the gutter theory maybe a bottoming process for OTC stocks in general.
when everone writes something off that is when sometimes big changes in sentiment can change the entire market.
maybe a new beginning.. but probably not
it is unknown..
tough for small companies these days to get financing needed with the OTC drying up.
it is like go big or go home.. remain private unless you got the goods to go big.
I think the possibility of them being taken over by a larger entity is extremely remote. They would have to develop a very unique, and sought after product, and hold the patent on it, for it to be attractive to a larger company. Everything they are producing right now, the big boys could also produce, without the help of RMHB.
The letter from attorney Joe Laxague of The Crone Law Group P.C. basically resolves into an opinion that (i) the unaudited reports released by RMHB meet all the disclosure required to maintain Pink Limited Information class of listing with OTC Markets, and (ii) RMHB is not an inactive shell company but it operates a genuine business.
I don't see there is any reason given in the letter that RMHB should move beyond its Pink Limited Information listing. The letter does not press that having fulfilled its reporting requirements (albeit unaudited) a move to a higher listing is justified.
I did not know of the changes of rules for OTC Markets listings you have pointed to that will be considerably more onerous for small fry companies like RMHB. However, I take it from what you say that there is not necessarily anything stopping them growing if they are well run (although access to funding could be more difficult?) and shareholders still stand to benefit as reflected by the share prices (providing they can buy/sell their shares which you say now looks more difficult). Where they perform sufficiently well there is still the possibility of being taken over by a larger entity.
Thank you for the well wishes..
It was somewhat nostalgic coming back here and seeing the same "no mexico orders in last 10 million days" posts by that other dude.
As far as the OTC-
Its Dead. like never to happen again type dead.
Like FTX is in better shape then OTC.. dead.
when the SEC changed those rules it toasted 98% of everyone .. Unless you live in Canada or overseas.. sure there maybe some huge short moves for some company now and then but that will return to below where ever it started rather quickly.
the days of longer 1000 % +moves are over.
Pink sheets is the most dead obviously. with OTC QB right behind it still breathing..but barely.
as far as RMHB..
it seems like they are doing failry well with bottling and the CBD life stuff is finally getting a minor foothold in MX..
yield sign will be removed VERY shortly but ..that doesnt really get RMHB anywhere nowadays except almost worthless pink sheet status in the OTC new world order.
they will need audited financials ..
AND major ass sales/product development to warrant a move to a higher place.
probably 100 mill plus in yearly sale to begin the conversation.
I realize this. they also realize this .
as far as Merril Lynch/B of A
man they suck balls .
changed rules that you cant buy stocks under 5$ and you cant SELL stocks under 1 bux -mostly... and you cant really transfer the penny stocks ..because no one wants any portfolio that has a couple pinkies in it. ..even Etrade /TD/ do not want them
such is life. ..ever changing.
good luck in your future endeavors.
They ran and still missed the boat!!! How they are still in business beats me. Over on the other site they still think the company is the best thing since sliced bread.
The leading stooge on the other board spoke recently of RMHB becoming a world class company. They want to skip the learning to walk part and go straight to Usain Bolt style running.
vegasandre my cantankerous old buddy, I was about to reply to your mom's basement post with this when it vanished from sight:
I read your long diatribe about your unhappy experience with Merill and the shortcomings of the OTC and it brought a tear to my eye. But the problem as I see it is they are not going to move to a more substantial exchange than the OTC without audited accounts and it remains to be seen if the latest appeal by a lawyer can even get them beyond Pink Limited Information rank within the OTC. I suspect that a higher exchange would also require a rather larger market capitalization than RMHB presently has and unless they do a lot better than they have so far would be out of their reach.
The lack of auditing began with the departure of Mike Welch and after this length of time it is looking to be irreparable.
They were THCZ (Totally Hemp Crazy) before they came RMHB. Jerry Grisaffi thought he was being cute choosing a stock symbol THCZ but it backfired when he was supposed to selling THC-free hemp drinks.
BigOH is back as a moderator again, it must have been a glitch (Error 404 for much of the day)
As Oscar Herrera he has received shares in lieu of cash compensation as follows:
(April 3, 2020) 250,000 at $0.01725 (value at market price $4312.50)
(December 4, 2020) 7,000,000 at $0.0297 (value at market price $207,900)
(March 30, 2022) 6,602,123 a $0.0623 (value at market price $41,250,26)
An investor on the other site whom everyone is familiar with says he has some shares he forgot he had. The shares are with Totally Hemp Crazy, and his other brokers won't let him do anything with them. We are talking about a company that used to be RMHB before they became RMHB. So I was checking the dates and it went back to about 2014 or so. But I thought it kind of funny that their motto or what they suggested they were going to become quite hilarious!!
About Totally Hemp Crazy Inc.:
"Our mission is to be the premier hemp beverage company in the world"
Just wanted to give everyone a chuckle, his stuff is still up over there if you care to look.
Everyone have a FANTABULOUS AND SAFE HOLIDAY!!! HAPPY NEW YEAR AS WELL!!!!!
From the other board:
BigOH is gone as a moderator. So adirondickhi is the last stooge moderator remaining?
A reminder that personal attacks against other posters contravene the Terms of Service and will be removed. The board topic is RMHB, both its pros and cons. This is a free and open discussion forum about the Company where all points of view and opinions are acceptable.
OTC Markets shows under:
Board of Directors - Syed Naveed, MD.
Other Company Insiders - Syed Naveed (United American Holdings, LLC)
His name is apparently incorrectly spelled Naved in the Quarterly.
His personal attacks sit oddly with someone who is supposedly handling the Investor Relations job. He is strictly amateur hour.
Paully three fingers should really be flying the investor awareness logo instead of hiding in the bushes
The new Director with the 27.18% holding is named as Dr. Syed Naved in the Quarterly September 30, 2022
The other message board keeps rabbiting on about a Syed Naveed (not Naved) including a message from Paul Knopick quoting management in which he is spelled Syed Naveed.
For a guy with a 27.18% holding they really ought to try to get his name right.
From the other board:
Having finally got out four long overdue (unaudited) financial reports hardly calls for management to be congratulated but instead an "about freaking time you slack lot!"
"As of December 10, 2022, the most recent practicable date, the number of shares outstanding of our Common Stock was: 582,608,054"
https://www.otcmarkets.com/otcapi/company/financial-report/355411/content
The OTC Markets record shows Outstanding Shares as 554,179,482
Have they been issuing shares without reporting them?
And they added a boat load of new convertible debt as well.They still need to find a Market Maker to sponsor a new 15c-211 for it to trade properly.
An omission from the increased percentages cited in the Press Release was -
Rocky Mountain High Brands reports an Operating Loss of $2,885,359 for the Nine Months Ended September 30, 2022 which is an increase of 157% over the $1,121,309 Operating Loss for the 2021 corresponding nine months
Looks like they need to keep the dilution machine turning over fast.
Hmmm, hemorrhaging approx. ($2.9 mill) after nine months of operations…guess they figure that they now have a pot to pee in. Well, I guess it is CBD.
Press Release: OTCMarkets Link
Rocky Mountain High Brands Reports Record Revenue of $2,185,450 Through September 30, 2022
Press Release | 12/16/2022
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 Eagle Spirit represents great power and balance, dignity with grace, and a symbolism as to live in balance with heaven and earth.
Hempd™, our CBD-infused flavored waters, are market disrupters. These innovative drinks were formulated by our own talented team who are transcending the beverage frontier with their creativity and passion for healthier alternatives to the sugar-ridden drinks that dominate the market today. Hempd™ currently offers four unique flavors including Peach Mango, Pineapple Coconut, Dragon Fruit, and Raspberry Lemonade – all with zero calories.
Our state-of-the-art co-packing facility, Rocky Mountain Productions, Inc., specializes in cold and hot fill beverages, concentrates and ready-to-drink beverages, and is uniquely positioned to co-pack our brand drinks as well as private label with all the best-in-class services needed to get products ready for market.
Contact:
Paul Knopick
pknopick@eandecommunications.com
940.262.3584
For the Three Months Ended September 30, 2022:
Sales-net $1,376,141
Cost of sales $850,421
Gross Profit/Loss $525,720
General and administrative expenses $1,468,276
Loss from operations ($942,556)
For the Nine Months Ended September 30, 2022:
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
"As of December 10, 2022, the most recent practicable date, the number of shares outstanding of our Common Stock was: 582,608,054"
However, the Outstanding Shares at the OTC Markets board continues to be given as 554,179,482
Is RMHB management playing fast and loose with the Outstanding Shares issued?
For the Nine Months Ended September 30, 2022:
Sales-net $2,185,450
Cost of sales $981,080
Gross Profit/Loss $1,204,370
General and administrative expenses $4,089,710
Loss from operations ($2,885,339)
[This highly relevant and important summary of results provided in response to a somewhat hysterical post on the other board (Great News … Over 2 MILLION in Revenue thru September 30, 2022 !) was deleted within seconds.]
But on page 2 the Net Loss figure of $905,089 is shown as being For the Three Months Ended September 30, 2022
What is going on here? Do these bozos know what they are doing?
As reflected in the accompanying consolidated financial statements, for the nine months ended September 30, 2022, the Company had:
* Net loss of $905,089; and
* Net cash used in operations was $2,786,353,
Additionally, at September 30, 2022, the Company had:
* Accumulated deficit of $53,570,061
* Stockholders’ deficit of $4,955,358; and
* Working capital deficit of $7,242,626
https://www.otcmarkets.com/otcapi/company/financial-report/355411/content (page 7)
RMHB product presentation August 23 2019:
http://rockymountainhighbrands.com/wp-content/uploads/2019/09/RMHB156RPPAUG2019R2.pdf
Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a healthy lifestyle Company specializing in high-quality health and wellness products, announced today it recently acquired a commercial bottling operation in Plano, Texas through its new wholly owned subsidiary, Rocky Mountain Productions, Inc.
The facility, previously owned by Raw Pharma, LLC, has a peak production capacity for:
- Beverages of 12,000 cans per hour
- High speed production line of 9,000 bottles per hour
- Second high-speed line of 4,000 bottles per hour (offline at time of purchase; to be brought online as soon as possible)
The high-speed production line has been converted to a hand sanitizer filling line due to the recent demand for hand sanitizer. Additional production shifts have also been added to meet the demand.
videos of bottling facility doing private label fullfillment:
Pickle shot video
rhino rush video
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