BALTIMORE, MD / ACCESSWIRE / February 15, 2018 / Goldman Small Cap Research, a stock market research firm specializing in the small cap and microcap sectors, announced today that it has released a new research report on Rocky Mountain High Brands, Inc. (OTCQB: RMHB), a leading provider of hemp-infused food and beverage products and a naturally high alkaline spring water. The report carries a rating and a price target. To view the new research report, along with disclosures and disclaimers, or to download them in their entirety, please visit www.GoldmanResearch.com.
Rocky Mountain High Brands, Inc. is a well-regarded and popular brand in the hemp-infused beverage industry, with production runs for hemp-infused beverages totaling nearly 4 million cans over the past 3 years. With the March 2018 introduction of a new CBD-infused consumer product line (HEMPd) and a $7.2M private label contract in hand which may represent the segment's largest single order, RMHB is poised to enjoy record revenue growth this year. A new report issued by the World Health Organization (WHO) notes that CBDs carry potential therapeutic benefits for those suffering from serious diseases and conditions such as epilepsy, Parkinson's, cancer, pain, anxiety, and other ailments. Reflecting these benefits, the overall CBD market is forecast to grow from $262M in 2016 to $1.15B in 2020. The Company, which boasts former Celsius CEO Gerry David and Shark Tank's Original Shark and inventor of the infomercial Kevin Harrington as advisors, is set to capture substantial market share in 2018.
In the Opportunity Research report, analyst Rob Goldman discusses the Company's compelling positioning, exciting opportunities, and low relative valuation.
Goldman noted, "In our view, RHMB is poised to serve as the category leader in the exciting, fast-growing hemp-derived CBD products consumer segment. The RMHB leadership is second to none and may be worth more than the current market cap alone. Aided by management and advisors that include a former beverage company CEO, the founder of the infomercial, and a former Coca-Cola executive, RMHB's new suite of product introductions next month in early 2018 should quickly capture meaningful market share."
"RMHB just closed the largest deal in company history, and one of the largest in the industry- worth $7.2M in 2018 revenue. This deal should cement RMHB as a top 5 player in the CBD-infused beverage industry this year and affords it significant financial visibility and flexibility," Goldman continued.
"RMHB trades at a discount to its peers and we believe it will be afforded a substantial increase in value in the near term on the heels of its new contract and ahead of new product introductions and legacy product reformulations. Moreover, we believe that M&A activity and licensing agreements are in the cards this year as well, which will only further broaden the Company's reach, concluded Goldman."
About Goldman Small Cap Research: Founded in 2009 by former Piper Jaffray analyst and mutual fund manager Rob Goldman, Goldman Small Cap Research produces sponsored and non-sponsored small cap and microcap stock research reports, articles, stock market blogs, and popular investment newsletters.
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This press release contains excerpts of our most recently published sponsored company research report on Rocky Mountain High Brands, Inc. which carries a rating and a price target. The information used and statements of fact made have been obtained from sources considered reliable but we neither guarantee nor represent the completeness or accuracy. Goldman Small Cap Research relied solely upon information derived from Rocky Mountain High Brands, Inc. ("the Company") authorized press releases or legal disclosures made in its filings with the U.S. Securities and Exchange Commission http://www.sec.gov.
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About Rocky Mountain High Brands, Inc.: Rocky Mountain High Brands, Inc. (OTCQB: RMHB), is a publicly-traded brand management company. RMHB specializes in developing, manufacturing, marketing, and distributing high-quality, health conscious, hemp-infused products that span various "good for you" categories. The Company currently markets a lineup of four naturally flavored hemp-infused functional beverages (Citrus Energy, Black Tea, Mango Energy and Lemonade) and a low-calorie Coconut Lime Energy drink. In addition, the Company offers hemp-infused 2oz. Mango Energy Shots and Mixed Berry Energy Shots. RMHB also bottles and distributes a naturally high alkaline spring water under the name Eagle Spirit Spring Water. In 2018, the Company is expanding its product line to include CBD-infused waters and functional beverages, hemp and CBD-infused foods, a skincare line and nutraceuticals both containing CBD. The Company plans to expand its CBD offerings as new products are developed.
For more information, visit: http://rockymountainhighbrands.com/.
Goldman Small Cap Research
Rob Goldman, Analyst
SOURCE: Goldman Small Cap Research