Looking better!
Okay here we goooooooo lol.
1) I don't like periods in taglines. Change the first period to a comma, and remove the last one. You'll rarely see two periods in a tagline, if anything, a comma, or exclamation point.
I'd do one of these:
Taste First... Ask Questions Later
Taste First, Ask Questions Later
Taste First—Ask Questions Later
2) That font in the tagline is not good. It looks jagged like an old computer font. I see it is the same font as the name but it does not look good that small, it blocks up. Hmm, a handwritten script would look cool, like, hey, the maker of this sauce is telling me this.
3) I also saw candy canes in #2. #1 is way better, but needs some help.
4) Those do not look like any mountains I have seen. It kinda looks like your artist is good with fronts and effects but not drawing.
5) The branding is more clear now, BUT now we don't know this is a hot sauce.
Ken's
RED THUNDER (brand)
Pepper Sauce (type of product)
I say Pepper Sauce instead of Hot Sauce because you are Pepper Works, and also it kinda rhymes and flows.
6) Too much white glow (stroke in PS). Tone it down and tie it into the lightning, in other words, make it the same color and the whole thing will be electrified. This will take some playing with, you may need to make the yellow more white, but some color in between, and tie it all in, then whole label is electrified. Would make that thing POP.
7) More of a brewing storm. Black is good but mix in some charcoal and some swirling skies, but keep it dark like that. Done right, you don't even need those mountains.
Overall you are going in the right direction here.