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ROCKY Mtn High/SH SH (OTCMKTS:RMHB) Unveils Images of Private Label Cans

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ROCKY Mtn High/SH SH (OTCMKTS:RMHB) has unveiled pictures of the ROCKET HIGH and CALIFORNIA beverages. Rocky Mountain is a reporting lifestyle brand management company that specializes in supply of premium-quality health as well as wellness products.

 The messages carried in the new images

The ROCKET HIGH log was designed with a lot of emphasis on the strength and energy that a rocket heading to new frontiers carries. At the same time, the new log has some attributes of the iconic Rocky Mountain High brand name.

On the other hand, CALIFORNIA has been designed in such a way that it captures the feelings as well as the fast-paced lifestyle of the Golden Coast. The two brands are made with identities that have two contrasting typographies, to feel as well as depict a high-energy look. The company chose a metallic texture so as to highlight on the strength and the high impact of the two drinks. Additionally, the two brands have abstract color patterns that largely communicate the primary ingredients.

Weekly podcast

The company has also announced that it will start publishing a series of podcast carrying relevant information. In the first podcast, the company will highlight on the status of the contract with CBD ALIMENTOS SA DE CV. The first podcast will be hosted Rocky Mountain High Brands Chief Executive Officer Michael Welch. The guest on the first podcast will be RHMB’s Director of Business Development for Latin America Christian Vega. The guest will touch on the status of CALIFORNIA and ROCKET HIGH as well as other developments that relate to the company’s contract with CBD ALIMENTOS SA DE CV.

Agreement with GHS Investments, LLC

In other news, the company has announced that it has signed an agreement with GHS Investments, LLC through which it seeks to lower financing costs as well as improve on the terms of the remaining convertible notes with GHS. While commenting on the agreement, Michael Welch indicated that their relationship with GHS has been growing for a long time. He noted that GHS came to their aid at a time when they had very few options because of the litigation that was filed by former Chairman of the Board against the company’s original investor.

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Supreme Cannabis Company Inc (OTCMKTS:SPRWF) Reports Revenues Of $9.059 Million In Q2 2020

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Supreme Cannabis Company Inc (OTCMKTS:SPRWF) has reported revenues of $9.059 million in Q2 2020. It is an increase of 17% when compared to the same period last year. However, its revenues declined from $11.433 million in Q1 2020 because of its transition from a wholesale business to recreational sales. The recreational sales accounted for $5.7 million in Q2 2020.

Implements a new operating structure

Supreme Cannabis has put into operation a new structure that includes a reduction in staff to improve growth and efficiency, profits in the long term. It moves forward to become a premium cannabis CPG company and drives the growth in the near term with its high-quality products and brands in different price segments. The company’s innovative sales model supports the consumer facing-brand portfolio. It distributes products across Canada.

Chief Executive Officer, interim president, and Director of Supreme Cannabis, Colin Moore said the company realigns its structure as well as the expectations considering the current state of the industry. He strongly believes that Supreme Cannabis can drive growth in the near term, derive long term growth and improve profits using its high-quality products and brands in every price segment.

Proud of the progress

Colin is proud of the progress of its team and focuses on revenue drivers in the near term. Supreme Cannabis is well-positioned to expedite CPG focused transition with its proven high-value brands in the recreational market and in-house processing capabilities. It is a licensed producer with cultivation infrastructure.

Supreme Cannabis is successful in Q2 2020 on the backdrop of introducing pre-rolls under the Sugarleaf brand addressing the mid-tier price point. The company will introduce more products soon to provide accessible and convenient experience to the customers. It will enhance its brand portfolio in the remainder of the year to add more revenues and capture market share. Supreme Cannabis achieves revenue growth using its recreational brands. The products introduced under the Sugarleaf and premium 7Acres brands will improve the sales volume.

Expands distribution of 7ACRES Brand

In Q2 2020, Supreme Cannabis has expanded the 7ACRES brand distribution in all the provinces in Canada. It is leveraging the partnership with Humble & Fume Inc and retail sales strategy to address the national revenues.

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Canopy Rivers, A Subsidiary Of Canopy Rivers Inc (OTCMKTS:CNPOF), Subscribes To 2.38 Million Units Of James E Wagner Cultivation Corp (OTCMKTS:JWCAF)

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Canopy Rivers Inc (OTCMKTS:CNPOF) has announced that Canopy Rivers Corporation (Canopy Rivers) subscribed to 2.38 million units of James E Wagner Cultivation Corp (OTCMKTS:JWCAF). The issue price for each unit is $0.21. Canopy Rivers invested $500,000 in James E Wagner through a private placement. Each unit comprises one-half of one Common Share purchase warrant and one common share in the capital of James E Wagner. Canopy Rivers can acquire one common share using the warrant at $0.275 per share on or before February 6, 2023.

Canopy Rivers holds 16.241 million shares and warrants

Canopy Rivers holds 16.241 million shares and warrants after the completion of the offering. Before this offering, the company held 13.86 million shares and warrants. The subscription is purely on investment basis. However, its decision may change at a later date.

Several developments at portfolio companies

The portfolio companies of Canopy Rivers have made several announcements recently. Chief Executive Officer and President of Canopy Rivers, Narbe Alexandrian, is appointed to the board of directors of National Cannabis Industry Association (NCA), the biggest cannabis trade organization in the US. He will hold the position of Director in NCA until 2022.

High Beauty Inc establishes presence in Canada

On January 30, 2020, High Beauty Inc has established its retail footprint in Canada. The company exhibited its skin care products to a group of influencers, professionals and the media in the beauty and fashion industries at Hudson’s Bay flagship store.

TerrAscend Corp’s two subsidiaries have received the nod for processing and cultivation of cannabis in the US. Also, TerrAscend NJ, LLC received a license in January 2020 from the Department of Health in NJ for the cultivation of cannabis. It is the second company in New Jersey to obtain cultivation permit. The company will extend medical marijuana in the state to meet the growing needs of the patients.

The Utah Department of Agriculture and Food has awarded Medical Cannabis Processor License to TerrAscend Utah, LLC on January 29, 2020. The company will inaugurate a processing facility in Utah.

Canopy Rivers has amended the terms of the $10 million loan to TerrAscend Canada Inc.

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BUSINESS

Health Canada Grants A Cannabis Cultivation License To Sublime Culture Inc, A Subsidiary Of Mym Nutraceuticals Inc (OTCMKTS:MYMMF)

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Health Canada has granted a cannabis cultivation license to Sublime Culture Inc., a subsidiary of Mym Nutraceuticals Inc (OTCMKTS:MYMMF). Sublime will produce high-quality cannabis in small batches at its Laval, Quebec facility.

Highly optimized and sophisticated Laval facility

The Laval facility in Quebec boasts a highly optimized and sophisticated indoor facility to produce high-quality cannabis varieties. It has included a cloning and mothering area to support genetic development and archiving. Chief Executive Officer of MYM, Howard Steinberg, said the company is pleased to receive a cannabis cultivation license for its Laval, Quebec facility. The team at MYM is ready to begin the cultivation of super-premium cannabis on a small scale at its indoor facility.

Closes non-brokered private placement

MYM has closed the non-brokered second tranche private placement. The company has netted the proceeds of $221,005 by issuing 3,683,416 units. Each unit, which comprises one common share purchase warrant and one common share, is priced at $0.06. MYM needs to pay a finder’s fee of $2,664 for this tranche. The warrant holder is entitled to acquire one common share at $0.10 within three years from the date of issue.

The deal is subject to the final nod of the CSE. According to the security laws, MYM has put in a lock-in period of four months.  MYM will use the proceeds for working capital needs. The acceleration provision applies to the warrants. According to this provision, the company can set an expiry date if the average weighted share price is over or equal to $0.20 for the consecutive 10 trading days.

MYM repays the entire loan

MYM has repaid the entire Trichome loan. It maintains a positive cash balance and debt-free. MYM has no further obligations to Trichome Financials on account of this loan. Trichome will support MYM in all its future endeavors. MYM will continue to explore new opportunities and work with Trichome in the future.

Steinberg said the company is focused on opportunistic takeovers. It will remain debt-free and raises the capital for the right opportunities. He said the MYM team will help the companies in the increasingly complex cannabis space in restructuring the management. Chief Executive Officer of Trichome, Michael Ruscetta said the company is pleased that MYM has repaid the loan. He further said the company will support MYM for strategic acquisitions.

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