Rocky Mountain High Brands Announces Updates

Core Viewpoint - Rocky Mountain High Brands, Inc. (RMHB) is undergoing significant personnel changes and has reached a settlement in a lawsuit with a former landlord, which will allow the company to focus on its restructuring and growth initiatives [1][4]. Personnel Changes - The company has announced various personnel changes, including the resignation of key executives such as David Seeberger (Director & CEO), Imran Kaiser (Director & VP), and Winn Morrison (Director) as of June 2025 [10]. - A turnaround team is currently managing operations to minimize general and administrative costs while working with potential new directors who are existing investors [2][3]. Legal Settlement - RMHB prioritized settling a disputed lawsuit with its former landlord, resulting in a settlement that releases the company from all claims. This settlement was funded by existing investors who exchanged stock for payment, avoiding an increase in the company's debt [4]. Financial Restructuring - The company is in the process of restructuring, with over $400,000 in new capital raised in the first and second quarters of 2025, specifically for its wholly owned subsidiary, Rocky Mountain NexBev [5]. - A member of the turnaround team has loaned RMHB over $300,000, which will be converted to Paid In Capital in the second quarter of 2025 [5]. Operational Focus - Rocky Mountain NexBev will serve as the copacker and distribution center for the company's products, with plans to begin production of brands and private label customer products in the third quarter of 2025 [6]. - The delay in product launch due to the lawsuit settlement has opened new manufacturing opportunities, including non-food grade products, to complement existing beverage lines [6]. Business Strategy - RMHB aims to enhance the quality and expectations in the beverage sector, focusing on innovation and niche opportunities [7]. - The subsidiary, Rocky Mountain NexBev, specializes in non-alcoholic beverages and is expected to generate significant short-term revenue by exploring new customer opportunities, including a recently added customer, Smart Bio-Hemp™ Wood Protectant [8].