Friday, December 07, 2018 1:33:19 PM
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.
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