DALLAS, July 17, 2017 (GLOBE NEWSWIRE) — Rocky Mountain High Brands, Inc. (OTCQB:RMHB), a fully reporting consumer goods company specializing in hemp-infused food and beverage products and a naturally high alkaline water, announced today that the Company filed a Form 8-K with the Securities and Exchange Commission on July 14, 2017.
The Board of Directors approved an amendment to the Certificate of Designation for its Series A Preferred Stock on July 14, 2017. The amendment changes the voting rights only of the Series A Preferred Stock from 1,200 votes for every share of Series A Preferred Stock to 400 votes for every share of Series A Preferred Stock. The voting rights were previously amended and increased on March 13, 2017 from 400 votes for every share to 1,200 votes for every share of Series A Preferred Stock. The action, taken by RMHB’s Board on July 14, 2017, provides holders of its Common Stock a stronger voice in the Company.
On July 5, 2017, RMHB’s Board of Directors approved a separate amendment to the Certificate of Designation for its Series A Preferred Stock. The amendment changed the conversion ratio of the Company’s Series A Preferred Stock from 1,200 shares of Common Stock for every share of Series A Preferred Stock to 100 shares of Common Stock for every share of Series A Preferred Stock. The conversion ratio was previously amended and increased on March 13, 2017 from 100 shares of Common Stock for every share of Series A Preferred Stock to 1,200 shares of Common Stock for every share of Series A Preferred Stock. This action, taken by RMHB’s Board on July 5, 2017, decreased the potential dilution of the Company’s Common Stock for our shareholder base.
The combined effect of these two separate actions by RMHB’s Board of Directors returned the voting rights and conversion ratio of the Company’s Series A Preferred Stock to its position prior to the filing of the March 13, 2017 amendment.
About Rocky Mountain High Brands:
ROCKY MOUNTAIN HIGH BRANDS, INC., is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products. The Company currently markets a lineup of four naturally flavored hemp-infused beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low calorie Coconut Lime Energy drink. Rocky Mountain High Brands also offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. The Company recently launched a naturally high alkaline spring water, Eagle Spirit Spring Water.
For interested investors, our stock symbol is RMHB.
For ordering information please visit: LiveRockyMountainHigh.com
For corporate information please visit: RockyMountainHighBrands.com
For information on our high alkaline water visit: EagleSpiritSpringWater.com
For Rocky Mountain High Distribution Contact:
Chuck Smith (972) 955-0964
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Safe Harbor Act: This release includes 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. The Company is not obligated to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Michael Welch, President and Chief Executive Officer
Stuart T. Smith, CEO & President
Phone: (512) 267-2430
Fax: (512) 267-2530
Jack Eversull, President
The Eversull Group, Inc.
Phone: (972) 571-1624
Fax: (214) 469-2361