DALLAS, March 20, 2017 (GLOBE NEWSWIRE) — Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in hemp-infused food and beverage products and a naturally high alkaline water, announced today that the Officers and Directors are voluntarily returning 25,000,000 shares of the Company’s Common Stock to the Treasury.
Michael Welch, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., said, “As part of our commitment to our Company and its shareholders, the Officers and Directors of Rocky Mountain High Brands are voluntarily surrendering 25,000,000 shares of Common Stock to the Company’s Treasury. In exchange, the Company has established a qualified stock plan known as the Company’s 2017 Incentive Plan. These actions will take these shares out of the market while the Company is in a critical expansion mode.”
Welch continued, “With the recent announcement by the Company of the planned acquisition of the former Catskill Mountain resort facility in upstate New York, as well as other potential acquisitions that the Company is currently reviewing with LSW Holdings, LLC, we have found it necessary to restructure both our common and preferred stock. Later today, we will file an Information Statement on Schedule 14C with the SEC announcing the increase in the number of authorized shares of preferred stock to 20,000,000 and common stock to 950,000,000. These increases are necessary for establishing strategic relationships with corporate partners and acquiring or investing in complementary businesses or products. It is important to note that the Company has no plans to reverse the stock and, in fact, has plans to expand the shareholder base world-wide.”
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. Rocky Mountain High Brands also offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. The Company recently launched a naturally high alkaline spring water, Eagle Spirit Spring Water.
For interested investors, our stock symbol is RMHB.
For ordering information please visit: LiveRockyMountainHigh.com
For corporate information please visit: RockyMountainHighBrands.com
For information on our high alkaline water visit: EagleSpiritWater.com
For Rocky Mountain High Distribution Contact:
Chuck Smith (972) 955-0964
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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.
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