Saturday, June 25, 2022

ROCKY MOUNTAIN HIG COM USD0.001 (OTCMKTS:RMHB) Leaps Higher on Star Power

ROCKY MOUNTAIN HIG COM USD0.001 (OTCMKTS:RMHB) is a micro-cap name that has started to garner attention as the stock rips up the chart. The key catalyst in play here is the company’s announcement that it has appointed Kevin Harrington, an American entrepreneur, business executive and TV celebrity to its Board of Directors and as a marketing and communications consultant to the Company.

According to the release, “Kevin Harrington is a successful entrepreneur with a career spanning 40 years. He is an Original Shark on the ABC hit and Emmy winning TV show, Shark Tank.  He is also the Inventor of the Infomercial, As Seen On TV Pioneer, the Co-Founder of the Electronic Retailers Association (ERA) and the Co-Founding Board Member of the Entrepreneurs’ Organization (EO). He has launched over twenty businesses that have grown to over $100 million in sales each, has been involved in more than a dozen public companies, and has launched over 500 products generating more than $5 billion in sales worldwide with iconic brands and celebrities such as Jack LaLanne, Tony Little, George Foreman, and the new I-Grow Hair restoration product on QVC.”

ROCKY MOUNTAIN HIG COM USD0.001 (OTCMKTS:RMHB) bills itself as a company that develops, manufactures, markets, and distributes hemp-infused food and beverage products.

The company offers hemp-infused beverages, including energy drinks, black tea, and lemonade; hemp-infused edibles, such as energy bars; and hemp-infused energy shots and coffee shots. It is also developing wine based ready-to-drink cocktails; cannabinoid infused beverages; hemp protein bars and hemp chia seed bars; and hemp infused natural spring water.

Rocky Mountain High specializes 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 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, as well as a new Relaxation Brownie. The Company recently launched a naturally high alkaline spring water, Eagle Spirit Spring Water.

RMHB markets its products through brokers, distributors, and retailers. The company was formerly known as Totally Hemp Crazy Inc. and changed its name to Rocky Mountain High Brands, Inc. in October 2015. Rocky Mountain High Brands, Inc. was incorporated in 2000 and is based in Dallas, Texas.

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“I’ve been a shark for twenty-five years. This is what I do every day – pick the winners like Rocky Mountain High Brands,” said Kevin Harrington. “This Company has great products that are delicious, unique and practically jump off the shelves on their own!  They are well-positioned to become a market leader in hemp-infused food and beverage products.  Additionally, the Company recently added Gerry David to the Board, a proven leader with whom I have previously worked.  I believe we will be able to help this Company achieve great success.”

Harrington continued, “Rocky Mountain High Brands will soon introduce a complete line of flavored beverages infused with Cannabidiol (CBD). This will be a perfect product for one of the world’s most powerful selling tools, the infomercial. Infomercials are recognized for their impact and selling power. Americans alone spend millions of dollars each month buying from direct response advertising on television, and the United States is now only a small part of the global market.”

Traders will note 32% during the past week in terms of shareholder gains in the company. This is emblematic of the stock. RMHB has a history of dramatic rallies. Moreover, the stock has witnessed a pop in interest, as transaction volume levels have recently pushed 18% beyond its prior sustained average level.

Kevin has extensive experience in business all over the world, opening distribution outlets in over 100 countries worldwide. His success led television producer Mark Burnett to hand pick him to become an Original Shark on Shark Tank where he filmed over 175 segments.

At this time, carrying a capital value in the market of $64.7M, RMHB has virtually no reported cash on the books, which stands against about $1M in total current liabilities. One should also note that debt has been growing over recent quarters. RMHB is pulling in trailing 12-month revenues of $767K. However, the company is seeing declines on the top line on a quarterly y/y basis, with revenues falling at -25%. We will update the story again soon as further details emerge. For continuing coverage on shares of $RMHB stock, as well as our other hot stock picks, sign up for our free newsletter today and get our next hot stock pick!

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