Rocky Mountain High Brands Reports Preliminary Unaudited Record Revenue of $1.6 Million for Fourth Quarter of 2022
PLANO, Texas, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTC: RMHB) today announced that it expects to report record revenue of $1.6 million for the fourth quarter of 2022.
The fourth quarter 2022 was Rocky Mountain High Brands’ best revenue quarter to date. The Company continues to show strong growth at private label co-packing, and that has translated into record revenue. RMHB plans to release the full results for its fourth quarter 2022 once its financial closing procedures, final adjustments, and other developments that may arise between now and the time the closing procedures for the quarter are completed.
Included in the above are preliminary unaudited revenue results for the fourth quarter of 2022. These preliminary results are derived from the internal financial records of the Company and are subject to revisions based on RMHB’s procedures and controls associated with the completion of the its financial reporting, including all the customary reviews and approvals.
The Company’s independent accounting firm has not conducted a review of and does not express an opinion with respect to these preliminary results. These preliminary results are not necessarily indicative of any future period and should be read together with the risk factors disclosure outlined in the reports and other documents RMHB files with the OTC Markets Group.
Rocky Mountain High Brands, Inc. is a diversified and dynamic Company committed to making a difference by raising the quality and expectations in beverages. We are committed to producing healthier beverages with innovative flavors designed to help people feel inspired.
Great Choice® is a registered trademark owned by RMHB. The products include Great Choice Pediatric Electrolyte Solution, Great Choice® Medicated Chest Rub, and Great Choice® Infant Rub. These products are National Brand Equivalent (NBE) products and compare with national brands such as Pedialyte®. The NBE market is a rapidly growing market, and the Company is exploring adding additional NBE product and business lines.
Our Eagle Spirit® is a high alkaline spring water that has a high pH, an all-natural refreshing taste, and is sourced from sacred Native American soil rich in history and culture. The name of Eagle Spirit represents great power and balance, dignity with grace, and a symbolism as to live in balance with heaven and earth.
Hempd™, our CBD-infused flavored waters, are market disrupters. These innovative drinks were formulated by our own talented team who are transcending the beverage frontier with their creativity and passion for healthier alternatives to the sugar-ridden drinks that dominate the market today. Hempd™ currently offers four unique flavors including Peach Mango, Pineapple Coconut, Dragon Fruit, and Raspberry Lemonade – all with zero calories.
Our state-of-the-art co-packing facility, Rocky Mountain Productions, Inc., specializes in cold and hot fill beverages, concentrates and ready-to-drink beverages, and is uniquely positioned to co-pack our brand drinks as well as private label with all the best-in-class services needed to get products ready for market.
Information about Forward-Looking Statements: This release may include 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. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guaranteeing future results and conditions but rather are subject to various risks and uncertainties. Some of these risks and uncertainties are identified in the Company’s filings with the OTC Markets. The occurrence of any of these risks and uncertainties could have a material adverse effect on the Company’s business, financial condition, and results of operations. The Company is not obligated to revise or update any forward-looking statements to reflect events or circumstances that may arise after the date of this release.