oilsleuth
1 month ago
From the other board:
Noticed that First quarter 2024 results were all positive compared to 2023
Sales, profit, operating expenses, and net loss all showed great improvement.
A barefaced lie.
March Quarter 2023: Sales $2,466,714
March Quarter 2024: Sales $659,820
oilsleuth
2 months ago
From the other board:
Re. cute1265's latest:
"Participants in the study were split into either a CBD or control group. Those in the CBD group received 300 milligrams of CBD per day at first, which increased over time to 600 mg per day and was later reduced to 150 mg per day toward the end of the study period. Those in the control group received a placebo."
RMHBโs HEMPd beverages are infused with 20mg of hemp extract. Assuming the "hemp extract" to be CBD (acknowledged as such by certain authorities on this board), to achieve 300 milligrams per day would mean firstly consuming 15 cans of HEMPd a day, subsequently increased to 30 cans a day. Then at Week 12 "the drug was tapered to 150 mg/day" i.e 7.5 cans a day in HEMPd equivalent terms.
But wait, the tincture bottle illustration at the beginning of the article indicates the CBD in the study was provided in concentrated oil form and CBD enthusiasts will be relieved to know they will not need to drink enormous amounts of HEMPd beverages to overcome their anxiety (likely brought on by worrying about RMHB's share price) and to sleep better. Even auto-riding dogs will appreciate the CBD simply being slipped into their chow ("a separate study earlier this year found that dogs receiving daily doses of CBD saw โsignificant reductionsโ in stress and anxiety related to car travel").
So the article is really something of a plus for CBD administered as a special purpose drug but does nothing for RMHB's attempting to kid the general public they should pay good money for dilute amounts of CBD in beverages which (a) has not been demonstrated to have any useful effects in such small amounts and (b) they are generally not poor sleepers and not anxiety-ridden anyway.
Incidentally, the other oft-claimed benefit of CBD - pain relief - is not a part of the study and might be more on point than the somewhat wishy-washy bad feelings.
https://www.marijuanamoment.net/cbd-is-effective-in-treating-anxiety-depression-and-poor-sleep-study-finds/
oilsleuth
2 months ago
Quarterly Report for the Period Ending: March 31, 2024
https://www.otcmarkets.com/otcapi/company/financial-report/403219/content
Total Assets $3,756,922
Total Liabilities $6,818,163
Sales - net $659,820
Cost of sales $437,869
General and administrative expenses $419,609
Gain/(Loss) from operations ($197,658)