Rocky Mountain High Brands, Inc. (OTC PINK:RMHB) announced today that the Company has filed SEC Form 10 with the intent to become fully reporting and with the goal of eventually listing on a national securities exchange.
Jerry Grisaffi, Founder of RMHB, commented, “I would like to thank all of our shareholders for their patience with this process. The filing and disclosure requirements of the Form 10 are extensive and the entire process took longer than we anticipated.”
SEC Form 10 is one of the most basic sources of information about a publicly traded security. Everyone from private investors to Wall Street Analysts use a company’s SEC Form 10 to gather the information needed to make investment decisions. The company’s financial statements are of particular interest, especially for companies who have not previously issued other securities. Additionally, SEC Form 10 contains management’s perspective on potential risks and opportunities facing their company.
Upon effectiveness of a Form 10 registration statement, the issuer becomes subject to the reporting requirements of the Exchange Act and is obligated to file annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K. Additionally, unlike effectiveness of a registration statement on Form S-1, effectiveness of a Form 10 registration statement causes the issuer to be subject to Exchange Act Section 14’s proxy rules. Additionally, effectiveness of a company’s registration statement on Form 10 causes its management and shareholders to be subject to the beneficial reporting requirements of Sections 13 and 16 of the Exchange Act.
Upon becoming a reporting company under the Exchange Act, the company will be eligible for an upgrade to the OTCQB market tier.
Jerry Grisaffi added, “Rocky Mountain High Brands has outgrown the OTC Pink Marketplace which was designed for startup companies with little or very limited funding. Our distribution base is rapidly growing and upgrading to the OTCQB will demonstrate our commitment to create a strong baseline of transparency. We believe that the upgrade in the OTC market tier will improve investor confidence while enriching the overall trading experience for all investors. An additional benefit of becoming a fully reporting company is that we believe it will attract institutional investors and open the door for commercial funding. Our goal is to join the third-largest stock exchange, NYSE MKT (formerly the American Stock Exchange) by the end of fiscal year 2017. This is a very exciting landmark for Rocky Mountain High Brands.”
About Rocky Mountain High Brands:
ROCKY MOUNTAIN HIGH BRANDS, INC. (“the Company”) is a consumer goods company specializing in brand development of health conscious, hemp-infused food and beverage products, as well as other consumer good offerings relating to hemp. The Company currently markets a lineup of five hemp-infused beverages (naturally flavored citrus Energy Drink, naturally flavored Black Tea, naturally flavored Mango Energy, naturally flavored Lemonade, and low calorie Coconut Lime Energy). In the near future, the Company will introduce hemp-infused edibles that will include a protein bar, an energy bar, and a chia crisp bar. Also, the Company will add hemp-infused 2oz. energy shots and 2.5oz. coffee shots to the product line.
Interested investors, our stock symbol is RMHB.
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