DALLAS, May 31, 2016 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTC PINK:RMHB) announced today it is working diligently with the SEC to complete the review of its Form 10 Registration Statement. Last week, the Company responded to the SEC Comment Letter and filed an Amended Form 10, which included third quarter financial statements.
Once the Registration Statement becomes effective, the Company intends to upgrade to the OTCQB market tier. Rocky Mountain High's long term goal is to exit the OTC marketplace and be listed on the NYSE MKT (formerly AMEX) as soon as possible.
Upgrading to the OTCQB requires timely filings and full disclosures which provide a high level of transparency to all interested companies, institutional sized corporations and private investors, which the Company believes will open the door to new financial avenues. Rocky Mountain High Brands has been in negotiations with large retailers that require financial transparency as a qualifying prerequisite to the application process of becoming a nationally recognized hemp-infused products manufacturer.
Moving up market tiers allows brokerage houses to commit to large fund investment projects that will solidify Rocky Mountain High Brands as the dominate nationally-recognized leader in the hemp-infused product category. Rapid corporate growth in conjunction with attractive market profit margins is the perfect combination desired by national and international corporate companies to further expand future growth in a changing market environment.
Industry experts agree that public attitudes about soda and consumer tastes are shifting in ways that may be permanent. The beverage industry continues to fight these shifts. But it is also aware that after decades of selling a handful of popular, iconic products, changing public attitudes are leading to a profound change in the nature of the business.
Michael R. Welch, President and CEO of Rocky Mountain High Brands, Inc., stated, “Our decision to increase the size of the beverages to 16 oz. in cases of 24 cans is a direct response to requests of purchasing agents of national retailers. Our goal with the latest production run was to design cans that would appeal to consumers and corporate purchasing agents. Our goal this summer is to achieve market penetration into retailers who have the ability to purchase larger quantities, which will reduce our production costs and allow more affordable pricing to our retail consumers.”
About Rocky Mountain High Brands:
ROCKY MOUNTAIN HIGH BRANDS, INC., is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products. The Company currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low calorie Coconut Lime Energy drink. In the near future, the Company will introduce hemp-infused food products that include a protein bar, an energy bar, and a chia crisp bar. Rocky Mountain High Brands plans to offer hemp-infused 2 oz. energy shots and 2.5 oz. coffee shots to its product line.
Interested investors, our stock symbol is RMHB.
For ordering information please visit: www.RockyMountainHighBrands.com
For Rocky Mountain High Distribution Contact:
Chuck Smith: (972) 955-0964 chuck@rockymountainhighbrands.com
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Safe Harbor Act: This release includes forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 that involves risks and uncertainties including, but not limited to, the impact of competitive products, the ability to meet customer demand, the ability to manage growth, acquisitions of technology, equipment, or human resources, the effect of economic business conditions and the ability to attract and retain skilled personnel. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.