Rocky Mountain High Brands, Inc. announced that it expects to receive $5 million in funding
February 25, 2020
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Rocky Mountain High Brands, Inc. (OTCPK:RMHB) announced a private placement of up to 5,000 series H convertible preferred stock of par value $0.001 per share issued at a price of $1,000 per share for gross proceeds of up to $5,000,000 on February 25, 2020. The minimum investment accepted from any outside investor is $10,000. The transaction will include participation from a single investor for 11,000 preferred shares for a gross proceeds of $11,000. The preferred stock carries dividend rate of 14% per annum, payable quarterly in arrears in cash or in common stock valued at the conversion price for series H preferred stock. The preferred stock will be convertible into common shares of the company and the conversion price for the shares shall be the amount to 120% of the volume weighted average price of common stock during the 5 trading days preceding the conversion date. The company will obtain not more than 4.99% stake in the company on post conversion. The shares can redeemable at the options of investor. The company will issue securities pursuant to exemption provided under Regulation D.
Rocky Mountain High Brands, Inc. is a consumer goods company that specializes in the developing, manufacturing, marketing, and distributing quality, health conscious, hemp oil and hemp extract-infused products that span various categories including beverage, food, fitness and skin care. It is also engaged in the business of canning both its own beverages as well as canning beverages for other customers. Through its subsidiary, Wellness For Life, Inc., the Company markets a lineup of CBD-infused products under the HEMPd brand. Its CBD-infused products include tinctures, serenity hemp lotion, gummies, water soluble concentrate, capsules, triple relief salve, liquid e-juice and e-juice vape cartridges. It also sells citrus energy drink under its Rocky Mountain High Brands name. Its hemp-infused functional beverages include Citrus Energy, Black Tea, Mango Energy, Lemonade and Coconut Lime Energy drink, as well as hemp-infused 2 ounce (oz), Mango Energy Shots and Mixed Berry Energy Shots.
ROCKY MOUNTAIN HIGH BRANDS, INC. 
