SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): September 17, 2020
ROCKY MOUNTAIN HIGH BRANDS, INC.
(Exact name of the registrant as specified in its charter)
| Nevada | 000-55609 | 90-0895673 |
| (State or other jurisdiction of incorporation) | (Commission File Number) | (I.R.S. Employer Identification No.) |
|
1000 Shiloh Rd., Suite 200, Plano, Texas |
75074 |
| (Address of principal executive offices) | (Zip Code) |
Registrant’s telephone number, including area code: 800-260-9062
______________________________________________________
(Former name or address if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2.below):
| [ ] | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
| [ ] | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
| [ ] | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| [ ] | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company [X]
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ]
Section 1 – Registrant’s Business and Operations
Item 1.01 Entry Into a Material Definitive Agreement
On September 17, 2020, pursuant to an Equipment Purchase Agreement (the “Agreement”) with Mogul Trading, LLC (“Mogul”), we purchased certain bottling and other equipment for use by our co-packing subsidiary in Plano, Texas. Under the Agreement, we issued Mogul 32,000,000 shares of our common stock as the purchase price. The purchase price included delivery and installation of the equipment at our plant in Plano, Texas.
Section 3 – Securities and Trading Markets
Item 3.02 Unregistered Sales of Equity Securities
The shares issued to Mogul under the Agreement were issued in a private transaction to a single entity. We did not engage in any general solicitation or advertising in connection with this issuance. Accordingly, the stock issuances as described above were exempt from registration under Section 4(a)(2) of the Securities Act.
Section 9 – Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits
| Exhibit No. | Description |
| 10.1 | Equipment Purchase Agreement with Mogul Trading, LLC |
| 99.1 | Press Release |
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| SIGNATURES |
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on behalf of the undersigned hereunto duly authorized.
ROCKY MOUNTAIN HIGH BRANDS, INC.
Date: November 18, 2020
By: /s/ David Seeberger
David Seeberger
Chief Executive Officer
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EQUIPMENT PURCHASE AGREEMENT
THIS EQUIPMENT PURCHASE AGREEMENT (this "Agreement"), dated as of September 17, 2020 (the "Effective Date"), is entered into by and among Rocky Mountain High Brands, Inc., a Nevada corporation, ("Purchaser"), and Mogul Trading, LLC, a Wyoming limited liability company ("Seller").
WHEREAS, Seller desires to sell to Purchaser, and Purchaser desires to purchase from Seller, assets owned by Seller upon the terms and subject to the conditions of this Agreement.
Now, THEREFORE, in consideration of the foregoing and the representations, warranties, covenants, and agreements set forth herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereby agree as follows:
ARTICLE I
PURCHASE AND SALE OF ACQUIRED ASSETS
Purchase and Sale. (a) On the terms and subject to the conditions of this Agreement,at the Closing, Seller shall sell, assign, transfer, convey and deliver to Purchaser, and Purchaser shall purchase from Seller, all the right, title and interest of Seller in, to and under the Acquired Assets (as hereinafter defined), for the total purchase price of 32,000,000 fully paid, non-assessable shares of Purchaser's common stock (the "Purchase Price"), which stock is being issued under Rule 144 of the Securities Act.
Section 1.1. The purchase and sale of the Acquired Assets is referred to in this Agreement as the "Acquisition." THIS IS AN ASSET PURCHASE ONLY AND NO LIABILITIES OF SELLER ARE BEING ASSUMED BY PURCHASER.
Section 1.2. Acquired Assets.
| (a) | The term ;'Acquired Assets" means all of the assets of Seller of any nature whatsoever, including but not limited to the following assets of Seller: |
All of those assets and equipment identified and set forth in Exhibit "A" attached hereto, together with all ancillary equipment and operational manuals related to such Acquired Assets. Purchaser understands that such Equipment is being purchased "AS IS WHERE IS" subject to the terms in Section 1.3 (a) below.
The Purchase Price included delivery of all of the Acquired Assets to Purchaser's manufacturing plant in Plano Texas and installation of all of the Acquired Assets in proper working condition to Purchaser's satisfaction. This is all done at Seller's sole cost and expense.
Section 1.3. Inspection of Acquired Assets and Valuation Documentation.
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(a) Seller will provide purchase receipts for the Acquired Assets, as well as the opportunity to inspect the Acquired Assets upon arrival in Purchaser's manufacturing facility in Plano Texas. The purchase receipts are intended in part to evidence the value of the Acquired Assets by stating what Seller or any predecessor in interest paid for such Acquired Assets. Notwithstanding anything contained herein to the contrary, if the Purchaser has any issue with the condition of the Acquired Assets, or the information contained in the purchase receipts, then the Parties will attempt to resolve such problems. Seller agrees to take such steps as are necessary for the Equipment to be in good working condition and capable of operating as intended by the original manufacturer of the Equipment. If the Parties are unable to come to a mutually acceptable agreement, then this Agreement may be terminated by Purchaser, the Purchase Price shall be returned and the shares evidencing the Purchase Price shall be cancelled.
ARTICLE II
THE CLOSING
Section 2.1. Closing Date. The closing of the Acquisition (the "Closing") shall take place on or before September 17, 2020, or at such other date as may be agreed upon in writing by Seller and Purchaser. The date on which the Closing occurs is referred to in this Agreement as the "Closing Date". The Closing may also be effectuated with the exchange of closing documents by facsimile or electronic mail and delivery of Purchaser's shares.
Section 2.2. Transactions To Be Effected at the Closing. At the Closing:
| (a) | Seller and the Shareholders shall execute and deliver, if appropriate, to Purchaser the following: |
| (i) | A Bill of Sale and Assignment in the form attached hereto as Exhibit "A"; and |
(ii) such other documents as Purchaser or its counsel may reasonably request to demonstrate satisfaction of the conditions and compliance with the covenants set forth in this Agreement.
| (b) | Purchaser shall deliver to Seller the following: |
| (i) | the Purchase Price as described in Section 1.1 hereof; |
| (ii) | such other documents as Seller or its counsel may reasonably request to demonstrate satisfaction of the conditions and compliance with the covenants set forth in this Agreement. |
ARTICLE III
REPRESENTATIONS AND WARRANTIES
Seller represents and warrants to Purchaser as follows:
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Section 3.1. Organization, Standing and Power. Seller is a Wyoming limited liability company, duly organized, validly existing and in good standing under the laws of the State of Wyoming and has full corporate power and authority and possesses all governmental :franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to carry on the Business as presently conducted.
Section 3.2. Authority; Execution and Delivery; Enforceability. Seller has full power and authority to execute this Agreement and to consummate the Acquisition and the other transactions contemplated hereby. The execution and delivery by Seller of this Agreement and the consummation by Seller of the Acquisition and the other transactions contemplated hereby and thereby have been duly authorized by all necessary action. Seller and Shareholders have duly executed and delivered this Agreement, and this Agreement constitutes a legal, valid and binding obligation of Seller, enforceable against Seller in accordance with its terms.
Section 3.3. No Conflicts; Consents. The execution and delivery by Seller of this Agreement do not (a) conflict with, (b) result in any violation of or default under, (c) give rise to (i) a right of termination, cancellation or acceleration of any obligation under, (ii) a loss of a material benefit under or (iii) increased, additional, accelerated or guaranteed rights or entitlements of any person under, or (d) result in the creation of any Lien upon any of the properties or assets of Seller under any provision of the certificate or articles of incorporation and by-laws of Seller. No consent, approval, license, permit, order or authorization ("Consent") of, or registration, declaration or filing with, any third party or any Federal, state, local or foreign government or any court of competent jurisdiction, administrative agency or commission or other governmental authority or instrumentality, domestic or foreign (a "Governmental Entity") is required to be obtained or made by or with respect to Seller in connection with the execution, delivery and performance of this Agreement or the consummation of the Acquisition.
Section 3.4. Sufficiency of Acquired Assets. Seller has good and valid title to all of the Acquired Assets that are to be transferred by Seller to Purchaser pursuant to this Agreement, in each case free and clear of all mortgages, liens, security interests, charges, leases, subleases, covenants, options, claims, restrictions or encumbrances of any kind.
Section 3.5. Proceedings. There are no pending suits, actions or proceedings (collectively, "Proceedings" and each, a "Proceeding") or claims against or affecting any Acquired Asset. Seller is not a party or subject to or in default under any judgment applicable to any Acquired Asset. To the knowledge of Seller, there is no pending or threatened investigation of or affecting any Acquired Asset.
Section 3.6. Compliance with Applicable Laws. Seller has not received any written notice that any investigation or review by any Governmental Entity with respect to any Acquired Asset is pending or that any such investigation or review is contemplated.
Section 3.7. Disclosure. No representation or warranty of Seller contained in this Agreement, and no statement contained in any document, certificate, Exhibit or Schedule furnished or to be furnished by or on behalf of Seller to Purchaser or any of Purchaser's representatives pursuant to this Agreement, contains or will contain any untrue statement of a material fact, or omits or will
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this Agreement, contains or will contain any untrue statement of a material fact, or omits or will omit to state any material fact necessary, in light of the circumstances under which it was or will be made, in order to make the statements herein or therein not misleading or necessary in order to fully and fairly provide the information required to be provided in any such document, certificate, Exhibit or Schedule.
Purchaser represents and warrants to Seller and the Shareholders as follows:
Section 3.8. Organization, Standing and Power. Purchaser is duly organized, validly existing and in good standing under the laws of the jurisdiction in which it is organized and has full corporate power and authority and possesses all governmental franchises, licenses, permits, authorizations and approvals necessary to enable it to own, lease or otherwise hold its properties and assets and to carry on its business as presently conducted.
Section 3.9. Authority; Execution and Delivery; Enforceability. Purchaser has full power and authority to execute this Agreement and to consummate the Acquisition and the other transactions contemplated hereby and thereby. The execution and delivery by Purchaser of this Agreement and the consummation by Purchaser of the Acquisition and the other transactions contemplated hereby and thereby will be duly authorized by all necessary corporate action. Purchaser has duly executed and delivered this Agreement, and this Agreement constitutes, the legal, valid and binding obligation of Purchaser, enforceable against Purchaser in accordance with its terms.
Section 3.10. No Conflicts; Consents. The execution and delivery by Purchaser of this Agreement do not conflict with any contract to which Purchaser is a party. No consent of or registration, declaration or filing with any third party or any Governmental Entity is required to be obtained or made by or with respect to Purchaser in connection with the execution, delivery and performance of this Agreement or the consummation of the Acquisition or the other transactions contemplated hereby and thereby.
ARTICLE IV
CONDITIONS PRECEDENT
Section 4.1. Conditions to Obligations of Purchaser. The obligation of Purchaser to complete the Acquisition is subject to the satisfaction (or waiver by Purchaser) on or prior to the Closing Date of the following conditions:
(a) Representations and Warranties. The representations and warranties of Seller made in this Agreement shall be true and correct.
(b) Performance of Obligations of Seller. Seller shall have performed or complied in all material respects with all obligations and covenants required by this Agreement to be performed or complied with by Seller by the time of the Closing.
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(c) Absence of Proceedings. There shall not be pending or threatened by any Governmental Entity any Proceedings (or by any other person any Proceedings that has a reasonable likelihood of success), challenging or seeking in any respect to restrain or prohibit the Acquisition or any other transaction contemplated by this Agreement.
| (d) | Consents. Seller shall have received written consents from all persons necessary or appropriate to effect the Acquisition. |
Section 4.2. Conditions to the Obligations of Seller. The obligation of Seller to complete the Acquisition is subject to the satisfaction (or waiver by Seller) on or prior to the Closing Date of the following conditions:
| (a) | Representations and Warranties. The representations and warranties of Purchaser made in this Agreement shall be true and correct. |
| (b) | Performance of Obligations of Purchaser. Purchaser shall have performed or complied in all material respects with all obligations and covenants required by this Agreement to be performed or complied with by Purchaser by the time of the Closing. |
ARTICLE V
TERMINATION, AMENDMENT AND WAIVER
Section 5.1. Termination.
(a) Notwithstanding anything to the contrary in this Agreement, this Agreement may be terminated and the Acquisition and the other transactions contemplated by this Agreement abandoned at any time prior to the Closing Date:
| (i) | by mutual written consent of Purchaser and Seller; |
| (ii) | by Seller if (i) Purchaser breaches or fails to perform or comply with any of its material covenants or agreements contained herein, or breaches its representations and warranties in any material respect, (ii) Seller has notified Purchaser in writing of the breach, and (iii) the breach is incapable of being cured or has continued without cure for a period often (10) days after the notice of breach; or |
| (iii) | by Purchaser if (i) Seller breaches or fails to perform or comply with any of its material covenants or agreements contained herein, or breach the representations and warranties made by Seller in any material respect. (ii) Purchaser has notified Seller in writing of the breach and (iii) the breach is incapable of being cured or has continued without cure for a period often (10) days after the notice of breach. |
Section 5.2. Effect of Termination. If this Agreement is terminated and the transactions contemplated hereby are abandoned as described herein, this Agreement shall become null and void and of no further force and effect.
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Section 5.3. Amendments and Waivers. This Agreement may not be amended except by an instrument in writing signed on behalf of each of the parties hereto.
ARTICLE VI
INDEMNIFICATION
Section 6.1. Indemnification by Seller. Seller shall indemnify Purchaser and its affiliates and each of their respective officers, directors, partners, members, managers, employees, stockholders, agents and representatives agains and hold them harmless from, any loss, liability, obligations, claim, damage or expense (including reasonable legal fees and expenses) ("Losses"), as incurred (payable within thirty (30) days after receipt of a written request), for or on account of, or arising from or in connection with or otherwise in respect of:
(a) any breach of any representation or warranty of Seller that survives the Closing contained in this Agreement; or
| (b) | any breach of any covenant of Seller contained in this Agreement. |
Section 6.2. Indemnification by Purchaser. Purchaser shall indemnify Seller and its officers, directors, shareholders, employees, agents and representatives against, and agrees to hold them harmless from, any Losses, as incurred (payable promptly upon written request), for or on account of, or arising from or in connection with or otherwise with respect of:
| (a) | any breach of any representation, warranty of Purchaser contained in this Agreement; or |
| (b) | any breach of any covenant of Purchaser contained in this Agreement. |
ARTICLE VII
GENERAL PROVISIONS
Section 7.1. Assignment. This Agreement and the rights and obligations hereunder shall not be assignable or transferable by Seller without the prior written consent of Purchaser. Purchaser may assign this Agreement to an entity controlled by Purchaser by providing written notice to Seller.
Section 7.2. No Third-Party Beneficiaries. This Agreement is for the sole benefit of the parties hereto and their permitted assigns and nothing herein expressed or implied shall give or be construed to give to any person, other than the parties hereto and such assigns, any legal or equitable rights hereunder.
Section 7.3. Notices. All notices or other communications required or permitted to be given hereunder shall be in writing and shall be delivered by hand or sent by facsimile or sent, postage prepaid, by registered, certified or express mail or reputable overnight courier service and shall be deemed given when so delivered by hand or facsimile, or if mailed, three days after mailing (one business day in the case of express mail or overnight courier service), as follows:
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To the Seller:
Mogul Trading, LLC
Attn: Rameel Sheikh
525 N. Sam Houston Parkway E Houston TX 77060
To the Purchaser:
Rocky MoW1tain High Brands, Inc. Attn: David M. Seeberger
1000 Shiloh Rd., Suite 200
Plano, TX 75074
Section 7.4. Interpretation; Exhibits and Schedules; Certain Definitions.
(a) The headings contained in this Agreement are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. All Exhibits and Schedules annexed hereto or referred to herein are hereby incorporated in and made a part of this Agreement as if set forth in full herein. Any capitalized terms used in any Schedule or Exhibit but not otherwise defined therein, shall have the meaning as defined in this Agreement. When a reference is made in this Agreement to a Section, Exhibit or Schedule, such reference shall be to a Section of, or an Exhibit or Schedule to, this Agreement unless otherwise indicated.
| (b) | For all purposes hereof: |
"affiliate" of any person means another person that directly or indirectly, through one or more intennediaries, controls, is controlled by, or is under common control with, such first person, and, in the ca'ie of Seller, shall be deemed to include the shareholders of Seller.
'"including" means including, withoutlimitation.
"person" means any individual, firm, corporation, partnership, limited liability company, trust, joint venture, Governmental Entity or other entity.
Section 7.5. CoW1terparts . This Agreement may be executed in one or more counterparts, aJl of which shall be considered one and the same agreement, and shall become effective when one or more such counterparts have been signed by each of the parties and delivered to the other parties.
Section 7.6. Entire Agreement. 1bis Agreement contains the entire agreement and understanding between the parties hereto with respect to the subject matter hereof and supersede all prior agreements and Wlderstandings relating to such subject matter. No party shall be liable
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or bound to any other party in any manner by any representations, warranties or covenants relating to such subject matter except as specifically set forth herein.
Section 7.7. Severability. If any provision of this Agreement (or any portion thereof) or the application of any such provision (or any portion thereof) to any person or circumstance shall be held invalid, illegal or unenforceable in any respect by a court of competent jurisdiction, such invalidity, illegality or unenforceability shall not affect any other provision hereof (or the remaining portion thereof) or the application of such provision to any other persons or circumstances.
Section 7.8. Consent to Jurisdiction. Purchaser and Seller irrevocably submit to the exclusive jurisdiction of the courts of the State of Texas, County of Dallas, for the purposes of any suit, action or other proceeding arising out of this Agreement or any transaction contemplated hereby.
Section 7.9. Governing Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Texas applicable to agreements made and to be performed entirely within such State, without regard to the conflicts of law principles of such State.
Section 7.10. Seller's Knowledge. For purposes of this Agreement, "Seller's knowledge" shall mean the actual knowledge, upon reasonable investigation or inquiry, of the Shareholders of Seller.
(Signature page follows)
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IN WITNESS WHEREOF, this Note has been executed effective the date and place first written above.
SELLER: MOGUL TRADING, LLC
By: /s/ Rameel Sheikh
By: /s/ Agha Ali
PURCHASER: ROCKY MOUNTAIN HIGH BRANDS, INC.
By: /s/ David M. Seeberger
David M. Seeberger, CEO
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EXHIBIT " A"
BILL OF SALE
This BILL OF SALE (this "Bill of Sale") is made as of September 17, 2020, from MOGUL TRADING, LLC, a Wyoming limited liability company ("Seller"), to Rocky Mountain High Brands, Inc., a Nevada corporation ("Purchaser"). All capitalized terms herein shall have the same meaning as prescribed to them in the Purchase Agreement (defined below).
RECITALS:
| A. | Seller and Purchaser entered into an Equipment Purchase Agreement dated as of September 17, 2020 (the "Purchase Agreement"). |
| B. | Pursuant to the Purchase Agreement, Seller has agreed to sell and convey the Acquired Assets (as defined in the Asset Purchase Agreement) to Purchaser as of the date hereof. The Assets are generally described and set forth in Exhibit "1" attached to this Bill of Sale. |
| C. | This Bill of Sale is executed and delivered pursuant to the Purchase Agreement. |
In consideration of the premises and agreements contained herein and in the Purchase Agreement and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Seller and Owners hereby act and agree as follows:
1. Conveyance of Assets. Seller hereby sells, conveys, transfers, assigns and delivers to Purchaser and its successors and assigns the Acquired Assets and all rights, titles and interests therein with all appurtenances thereto, TO HAVE AND TO HOLD, unto Purchaser, its successors and assigns forever.
2. Additional Rights and Obligations of Seller and Owners. Seller hereby agrees and acknowledges that additional rights and obligations of Seller are expressly provided for in the Purchase Agreement, and that the execution and delivery of this Bill of Sale shall not expand, impair or diminish any of the rights or obligations of any of the parties to the Purchase Agreement, as set forth therein. Seller acknowledges and agrees that the representations, warranties, covenants, agreements and indemnities contained in the Purchase Agreement shall not be superseded hereby but shall remain in full force and effect to the full extent provided therein. In the event of any conflict or inconsistency between the terms of the Purchase Agreement and the terms hereof, the terms of the Purchase Agreement shall govern.
3. Counterparts. This Bill of Sale may be executed in any number of counterparts, each of which shall be an original, but all of which together shall constitute one and the same instrument.
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4. Descriptive Headings.. The descriptive headings of this Bill of Sale are for convenience of reference only and shall not be deemed to affect the meaning or construction of any provisions hereof.
5. Governing Law; Attorneys’ Fees. This Bill of Sale shall be governed by, construed, interpreted and applied in accordance with the laws of the Sate of Texas, without giving effect to any conflict of laws rules that would refer the matter to the laws of another jurisdiction.
6. Successors and Assigns. This Bill of Sale, and all the terms and provisions hereof, shall insure to the benefit of, and be binding upon, the assigns, successors, heirs, executors and administrators of the parties to the Purchase Agreement.
7. Reformation; Severability. In case any provision hereof shall be invalid, illegal or unenforceable, such provision shall be reformed to best effectuate the intent of the parties to the Purchase Agreement and permit enforcement thereof, and the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. If such provision is not capable of reformation, it shall be severed from this Bill of Sale and the enforceability of the remaining provisions shall not in any way be affected or impaired thereby.
IN WITNESS WHEREOF, this Note has been executed effective the date and place first written above.
SELLER: MOGUL Trading, LLC
By: /s/ Rameel Sheikh
PURCHASER: ROCKY MOUNTAIN HIGH BRANDS, INC.
By: David M. Seeberger
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Rocky Mountain High Brands Receives First Shipment of
$1.6 Million Machinery for Its Co-Packing Subsidiary
PLANO, Texas--November 19, 2020 (GLOBE NEWSWIRE)--Rocky Mountain High Brands, Inc. (OTCPK: RMHB) announced today that the first shipment of machinery was delivered to its co-packing subsidiary in Plano, Texas as part of the asset purchase agreement with Mogul Trading, LLC.
On September 17, 2020, RMHB purchased $1,600,000 worth of machinery from Mogul Trading for shares of Rule 144 stock in RMHB. The shares were issued in September and are reflected in the outstanding share count on the OTC Markets website. The purchase price included delivery of all the acquired assets to the co-packing facility operated by Rocky Mountain Productions, Inc. (RMP) in Plano and will be installed production ready. The installation of all the acquired assets will be at Mogul Trading’s sole cost and expense.
The additional acquired machinery accommodates hand sanitizer and expanding the beverage filling capabilities of Rocky Mountain Productions. The equipment decisively shapes the Company’s future and capacity for new innovations. The inventory that arrived primarily consisted of:
· mono block bottle system with feeder, wash, filler, and capper
· 12-head rotary bottle line system with feeder, descrambler, and capper
· numerous smaller component parts
Coming soon, shipments of additional machinery will include:
| · | 12-head rotary bottle line system |
| · | stainless steel two-head filler system |
| · | stainless steel four-head filler system |
| · | three labeling machines |
| · | pallet wrapper |
| · | miscellaneous component parts |
“Rocky Mountain Productions continues to expand by pursuing a solid, long-term growth strategy. Sustainability is firmly embedded in its strategy to combine success with responsible action – to seize opportunities that deliver value. This asset purchase is proof positive that we are pursuing the right strategy and, above all, that it will enable a successful trajectory for our future,” said Charles Smith, President of RMP.
David Seeberger, CEO and General Counsel of RMHB, stated, “The Company is proud that Mogul Trading has expressed its confidence in us, and makes it clear we have a solid, reliable business relationship. With this acquisition, the Company is not only building a strategic relationship between two companies, but broadening its machine portfolio, while expanding its range of services and depth of added value significantly.
“This is a thrilling day for our company and employees. We view Rocky Mountain as one of the leaders in the hemp beverage space and are excited to continually grow this partnership,” said Mohammad Rameel Sheikh, CEO of Mogul Trading. “The big winners today are the consumers and shareholders. With the new additional machinery arriving, Rocky Mountain will be able to reach a wider audience to satisfy the needs of this rapidly growing market.”
About Mogul Trading LLC
The parent company of Mogul Trading LLC is OHK Global Inc., a privately owned organization headquartered in Houston, TX. Through its subsidiaries and sister companies, OHK manages over 30 retail locations throughout Texas. Recognized for its service, quality products, and convenient services, OHK strives to provide the best customer experience with the lowest prices.
About Rocky Mountain High Brands
Rocky Mountain High Brands, Inc. (OTCPK: RMHB) is a consumer goods Company that specializes in health conscious hemp-infused beverages and a naturally high alkaline spring water under the name Eagle Spirit Spring Water. The Company also co-packs beverages and hand sanitizers. Our mission is to assist others in their journey to live productive, fulfilling, and healthy lives.
For product information, please visit: www.hempd.com and www.eaglespiritwater.com.
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 guarantees of 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 SEC. 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.
Contact:
Investor Relations:
Paul Knopick
E
& E Communications
pknopick@eandecommunications.com
940.262.3584
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