Rocky Mountain High Brands Inc (RMHB)

[oilsleuth]

The amended June Quarter report (the previous one was a draft)

https://www.otcmarkets.com/otcapi/company/financial-report/410229/content

The numbers are the same.

For the six months ended June 30 2024 the Company had Net Loss from operations of $351,141

"The Company had no cash on hand on June 30, 2024 (and there were no cash equivalents). Although the Company intends to raise additional debt or equity capital, the Company expects to generate cash flows from operations and ramp up production for new and existing customers in 2024. The anticipated losses in 2024 are expected to be less than those in 2023 as production and revenue ramp up along with major reductions in expenses related to compensation, professional fees, development and regulatory fees." It looks like more dilution is coming.

"RMP is targeting revenue of over $1,300,000 per month by May or June 2024." Huh? Management is so asleep at the wheel they haven't removed this earlier (hopelessly failed) prediction from the June Quarterly.

At June 30 there were no finished goods in Inventory.

They are still pursuing Jerry Grisaffi for the legal judgement against him but he doesn't seem too keen on paying up.