ROCKY MTN HIGH BRAND INC - RMHB STOCK NEWS

Rocky Mountain High Brands, Inc. (RMHB) reports positive financial performance for the first three quarters of fiscal year 2023, showing increased gross profit, decreased operating expenses, and reduced net losses compared to the same periods in 2022. Despite limited production due to facility relocation, the company demonstrates growth and cost efficiency. RMHB is now compliant with OTC Markets Group filings and focuses on innovation in the beverage sector.

Rocky Mountain High Brands, Inc. (OTC: RMHB) has encountered triumphs and challenges in 2023. The company successfully transitioned into the beverage copacking space through its subsidiary, Rocky Mountain Productions Inc., which accounts for 80-90% of RMHB revenue. The subsidiary had sales of $2,378,000 and an EBITDA of $184,710 in the first quarter of 2023, marking the sixth straight quarter of increased sales. However, the company faced challenges in relocating to a new facility, impacting revenue.

Rocky Mountain High Brands (OTC: RMHB) announced a significant purchase order of 1.6 million cans from CBD Life for its cannabis beverage brands: Rocket High, California Limonada, and California Sabor Te Negro. The order will be fulfilled in four phases; production has begun on the first phase of 244,000 cans, with subsequent phases exceeding 451,000 cans each. These beverages will be shipped to Laredo, Texas, for entry into Mexico, where CBD Life is the first company to market CBD products. The demand for these drinks is increasing in Mexico, with plans for future launches in the United States.

Rocky Mountain High Brands, Inc. (OTC: RMHB) announced anticipated record revenue of $1.6 million for Q4 2022, marking its best performance to date. This growth is attributed to strong demand for private label co-packing services. The company plans to release full results post the closing of financial procedures, with preliminary figures derived from internal records. However, these results have not been reviewed by independent accountants and may be subject to revision. RMHB is committed to producing innovative beverages and expanding its product lines in the rapidly growing NBE market.

Rocky Mountain High Brands, Inc. (OTC: RMHB) has announced the return of its hemp-infused energy drinks in three flavors: Mango, Citrus, and Black Tea. The relaunch emphasizes innovation, offering zero-calorie options inspired by past favorites. A small initial production run will occur near Houston, Texas, with plans for larger volumes by the end of 2023. RMHB remains committed to creating healthier beverage alternatives. The company also highlights its Great Choice® product line and Hempd™ flavored waters, positioned as market disruptors in the beverage industry.

Rocky Mountain High Brands, Inc. (OTC: RMHB) reported record revenue of $2,185,450 for the first three quarters of 2022, a 642% year-over-year growth. The third quarter alone generated $1,376,141, marking a 664% increase compared to Q3 2021. Significant investments in production equipment and product development have fueled this surge. RMHB focuses on healthier beverage products, including the Great Choice® line and Hempd™ CBD-infused waters. The company is positioned to grow further in a rapidly expanding market.

Rocky Mountain High Brands, Inc. (OTC: RMHB) has partnered with Cuttin’ Edge Beverages, Inc. to market and sell Great Choice^® in the Northeast and Mid-Atlantic regions. This collaboration aims to leverage Cuttin’ Edge’s 18 years of experience in upscale consumer brand development to expand Great Choice^®’s market share among health-conscious consumers. The company anticipates increased retail presence and consumer accessibility, marking a significant growth strategy as it approaches the end of fiscal 2022.

Rocky Mountain High Brands (OTC: RMHB) has launched Rocky Mountain NexBev, a new subsidiary focused on cannabis beverages, enhancing its HEMPd brand. NexBev aims to leverage a robust co-packing network across the U.S. to support CBD Life Mexico's growth. CBD Life’s popular drinks, including Rocket High and California Black Tea, are gaining traction in the market. With increasing consumer interest in CBD beverages, NexBev plans to introduce innovative products and expand distribution in both Mexico and the U.S., positioning itself for significant market penetration.