Rocky Mountain High Brands Inc (RMHB)

[oilsleuth]

The 3-year Master Manufacturer Agreement with CBD Life (previously CBD Alimentos) expired on 3 December 2020.

No renewal/extension of the Agreement has been notified in accordance with full disclosure requirements by the SEC. A purported photo of a load of the drinks being shipped on 28 December not only appears to photoshopped but is also not feasible beyond the expiration of the former Agreement.

Item 1.01 Entry Into A Material Definitive Agreement

On December 4, 2017, we entered into a three-year Master Manufacturer Agreement (the “Agreement”) with CBD Alimentos SA de CV (“CBD”), a Mexican food and beverage distributor. Under the Agreement, CBD will be our exclusive distributor in Mexico of all of our energy and soft drinks with hemp seed oil and hemp seed extract. In turn, we will be CBD’s exclusive supplier of such products. For the exclusivity to remain effective through 2018, we must supply, and CBD must purchase, at least 16,000,000 cans. Volume requirements for 2019 will be negotiated. The beverages supplied to CBD will be private label products made to order for CBD, and we will cooperate on laboratory and taste-testing of each batch of beverages at the copacking facility. CBD’s initial purchase order will be at least 8,000,000 cans, with a 50% deposit on all orders to be segregated into a separate operating account established and maintained by the Company. CBD will maintain a positive cash balance in the account at all times. The Company will have full unilateral authority to disburse funds from the account to vendors, suppliers, copackers and the Company solely for the purposes of production and the Company’s margin on the sale.