Rocky Mountain High Brands Announces Updates
DALLAS, June 24, 2025 (GLOBE NEWSWIRE) -- Rocky Mountain High Brands, Inc. (OTC: RMHB) announced today updates on personnel changes and a disputed lawsuit by former landlord.
The Company’s February 14, 2025 press release referenced a variety of personnel changes to occur in the near future. They are as follows:
- As of June 2025, David Seeberger resigned as Director & CEO
- As of June 2025, Imran Kaiser resigned as Director & VP
- As of June 2025, Winn Morrison resigned as Director
At the present time, the turnaround team is performing these duties to keep the G&A cost at a minimum. The team is working with two potential new Directors with strong, successful financial and business backgrounds. They are current investors, having invested several million dollars in the Company.
Dispute with owner of facility previously leased by RMHB:
Early in the second quarter of 2025, the team determined it was in the best interests of the Company to make every effort to focus on settling the heavily disputed lawsuit with their former landlord. After making this issue the top priority, we are pleased to announce a settlement has been reached including the filing of papers releasing RMHB of all claims. This extended and exhausting effort was funded in full by existing investors taking stock in exchange for payment versus increasing the Company’s debt.
Restructure through company friendly investment:
RMHB’s restructure is underway with new capital totaling over $400,000 coming in during the first and second quarters of 2025 designated for wholly owned subsidiary Rocky Mountain NexBev. One of the main members of the turnaround team loaned the Company over $300,000 that will be converted to Paid In Capital in the second quarter of 2025.
Moving forward:
Rocky Mountain NexBev is the copacker and distribution center for product the turnaround team has decided to move forward with. After making the determination to delay the launch of these products to eliminate the distraction of the formerly impending lawsuit from the previous facility, the Company chose to put its brands and private label customer products in production during the third quarter of this year. The delay while reaching the settlement with capital versus debt has opened the door for new manufacturing opportunities (non-food grade products) to pair with the already existing beverage lines for company and customer owned brands alike.
Rocky Mountain High Brands, Inc. (RMHB) is a diversified and dynamic Company committed to making a difference by raising the quality and expectations in the beverage sector for Company owned brands as well as key niche opportunities. Our DNA is rooted in innovation.
Rocky Mountain NexBev, Inc., a wholly owned subsidiary of RMHB, specializes in non-alcoholic beverages, including energy drinks, custom drinks, CBD & hemp, and other specialty drinks. The Company is experienced in managing the development, design, and production of beverages for a variety of categories and new customers. A large amount of short-term revenue will be generated by focusing on new opportunities including recently added customer Smart Bio-Hemp™ Wood Protectant. Installation of a non-food product high volume bottling line is expected to yield further ventures in the current manufacturing climate. Various inroads are being made to not only perform co-packing, but to utilize the recently implemented vertical fulfillment and distribution center for new customers as well as RMHB owned brands.
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 do not guarantee 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.
Contact:
Paul Knopick
