Rocky Mountain High Brands Announces New Board Member and Debt Reduction
GlobeNewswire•March 23, 2018
DALLAS, March 23, 2018 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (RMHB), a fully reporting consumer goods company specializing in brand development of high-quality, health conscious, cannabidiol (CBD) and hemp-infused products and a naturally high alkaline spring water, announced today that it has named Dean Blythe to its Board of Directors.
Michael Welch, Chairman, President and Chief Executive Officer of Rocky Mountain High Brands, Inc., stated, “We are honored to have Dean Blythe join our Board of Directors as we move into this new dawn for Rocky Mountain High Brands. Mr. Blythe brings a wealth of knowledge that will greatly benefit the Company from his experience with NYSE companies.”
For more information on Mr. Blythe and his background, please refer to the Company’s Form 8-K filing:
sec.gov
Welch continued, “Over the past several months, the Company accomplished several major significant tasks, which included:
Settled a material lawsuit with its original investor
Modified its authorized share structure to accommodate funding, growth and acquisitions
Entered into a relationship with a new financing partner
Filed a registration statement with the SEC which has gone effective
Successfully recruited a former Coca-Cola executive as our Chief Commercialization Officer
Brought in a new Director of Marketing
Entered into the largest sales contract in the history of the Company
Created an entirely new brand and developed product line-up
Now, with a new financing partner, a new Sales and Marketing team, a new product line launching next week and our new Board, the Company is well-positioned for unlimited success!”
The Company also announced that it retired a variably-priced convertible note with a non-related third party. The Company used a total of $96,411 from the proceeds of its Equity Financing Agreement to fund the retirement of the note. |
