bigmoneyyyyyyyyy
7 years ago
Chocolates in Time for Winter Holidays! Nutritional High's FLI Chocolate Products Launched in Colorado
C.EAT | 2 hours ago
TORONTO, Nov. 20, 2017 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce that Palo Verde has manufactured and sold its first run of FLI marijuana-infused chocolates. FLI chocolates are now on sale at Natures Herbs and Wellness dispensary locations throughout Colorado and will be on the shelves of additional dispensaries in short order.
Palo Verde, Nutritional High’s Colorado tenant, produced two flavors of chocolate bars developed by Nutritional High - Premium Milk Chocolate and Dark Chocolate Sea Salt. Each bar is 3.5oz and contains ten servings each containing 10mg of THC, totaling 100mg of THC per bar. Over the next ten days, Palo Verde will follow-up with production runs of Nutritional High’s FLI branded Milk Chocolate Caramel bars and FLI branded Dark Chocolate Blueberry bars.
Jim Frazier, CEO of Nutritional High commented: "Our successful research and development efforts have yielded a marijuana-infused chocolate bar which will serve as our flagship edible product in Colorado and elsewhere. When I joined Nutritional High last year, it was with the intention of combining my 20 plus years in chocolate manufacturing with Nutritional High’s leading cannabis extraction capabilities and I am proud of our development team and the Palo Verde staff for developing edible products which will set a new standard for quality and dosing at cost effective pricing."
Over the coming months, Palo Verde will introduce several additional Nutritional High developed FLI edible product lines including chocolate truffles, gummies, chocolate covered fruits, blueberries, cranberries and nuts, which will come in milk and dark chocolate varieties and several innovative edible product concepts not presently available in the Colorado market. Subsequently, Nutritional High expects to launch FLI edible products in California, Washington State, Oregon and elsewhere.
Palo Verde staff is currently in the process of calibrating a chocolate enrober to fit the product to desired specifications. An enrober is a machine used in the confectionery industry to coat a food item with chocolate, which Nutritional High has leased to Palo Verde. This technology has revolutionized the confectionary industry and gave rise to mass manufacturing of confectionary products that use cocoa as the base. The capacity of the enrober at Nutritional High's Pueblo facility is estimated at 400 - 700 pounds of chocolate per hour, which provides a strong capacity to address the growing demand for gourmet edible products in the State of Colorado.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visit www.nutritionalhigh.com.
For further information, please contact:
David Posner, Chairman of the Board
Nutritional High International Inc.
647-985-6727
Email: dposner@nutritionalhigh.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Read more at http://www.stockhouse.com/news/press-releases/2017/11/20/chocolates-in-time-for-winter-holidays-nutritional-high-s-fli-chocolate#7EaT8PxUuP0Eream.99
bigmoneyyyyyyyyy
7 years ago
Canadian-listed marijuana companies with U.S. operations warned of delisting
Geoff Zochodne
October 16, 2017 7:08 PM EDT
Filed under:
Investing
An alliance of Canadian securities regulators said Monday that it expects domestic companies with marijuana dealings in the United States to give their investors a good idea of the potential risks of doing drug business south of the border, which could now include the possibility of being delisted from the Toronto Stock Exchange.
“We expect issuers with marijuana-related activities in the U.S. to address the current legal and regulatory environment in their disclosures, including any risks that result from changes in the approach to enforcement of U.S. federal law,” Louis Morisset, chair of the the Canadian Securities Administrators, said in a press release.
Cannabis sales are legal in some states, but illegal at the federal level in the U.S. Furthermore, the Toronto Stock Exchange, Canada’s biggest, warned Monday that issuers conducting business in violation of U.S. federal laws around cannabis are not in compliance with the exchange’s own requirements.
Those not complying with the requirements could face a delisting review, the TSX said.
The TMX Group Ltd., owner of the Toronto Stock Exchange and the Canadian Depository for Securities, a clearing house that processes trades, said in August it had been in talks with the CSA about the thorny subject of Canadian issuers with marijuana-related operations in the U.S., calling it “a complex matter which touches multiple aspects across our capital market system.”
The notice for Canadian issuers with marijuana interests in the U.S. outlines the expectations for disclosure, including a description of any U.S.-based operations.
“They’ll also be required to provide disclosure in terms of what happens if the legal framework changes,” Richard Carleton, chief executive of the smaller Canadian Securities Exchange, said Monday. “So, if the U.S. federal government decides to make life difficult for companies operating legally at the state level, what would the impact on the company’s business be.”
The CSA said its disclosure expectations apply to all issuers with U.S. marijuana-related activities, “including those with direct and indirect involvement in the cultivation and distribution of marijuana, as well as issuers that provide goods and services to third parties involved in the U.S. marijuana industry.”
Even if a listed company has only indirect involvement with production or distribution, they must still explain what the rules are around cannabis in the state or states they aim to operate in.
Unlike Canada, the U.S. federal government currently has no plan to legalize recreational cannabis. Nevertheless, several states have still legalized or intend to legalize medical and recreational marijuana.
“The federal law relating to marijuana could be enforced at any time, and this would put issuers with U.S. marijuana-related activities at risk of being prosecuted and having their assets seized,” the CSA press release said.
“Disclosure is the foundation for fair and efficient markets for public companies,” Huston Loke, director of corporate finance at the Ontario Securities Commission, said in an interview. “And this is a sector that’s seen a lot of growth, it’s seen a lot of interest, there’s articles on it all the time, and we thought it was the right time to clarify our disclosure expectations.”
Meanwhile, Carleton said his exchange has 12 marijuana companies that have operations in the U.S. The largest of those, Carleton said, is Vaughan-Ont.-based CannTrust Holdings Inc., with an approximately $450-million market capitalization, he said.
Nevada-based marijuana grower plants seed for others with Canadian stock listingTMX asks Canadian regulators for rules on U.S.-linked pot stocks
“There’s been a fair amount of uncertainty, I think it’s fair to say, in the industry over the last two, three months,” said Carleton “I think the industry was looking for a clear statement of specifically what are the expectations from the regulators, and this is it.”
The CSA’s expectations are effective immediately, Loke said. Disclosures would be made in prospectus and other filings, including management’s discussion and analysis.
http://business.financialpost.com/investing/canadian-listed-marijuana-companies-with-u-s-operations-warned-of-delisting
PhoenixwingzZ
8 years ago
Nah. I just quit my job at Chili's yesterday, It isn't poised for growth. Management is in shambles, no one coordinates, employees that have been there for years use your shit and dirty it, then management yells at YOU you to clean it, they reel you in with the "chili-head family" bullshit when really anyone could care less about you like any other restaurant, they push out all this new food but at the end of the day its still the same processed fatty fryolated shit, over-portioned just to waste your investment dollars when the customer throws away 3/4 of the perfectly edible plate
One lesbian does whatever the fuck she wants all day, and if you have a complaint, you can tell it to her "im a lesbian, I'll call the DOJ" card, lazy shitbag sous chef calls "I need a runner" all day when she has two perfectly good legs to run with, Management tries to manipulate your memory to make you look like the irritated one. You wanna invest in lazy, lying, do-nothings? Invest in EAT. Or, the Clinton Foundation, your choice.
bigmoneyyyyyyyyy
8 years ago
eleases
Nutritional High: An Emerging Leader in Concentrates & Extracts -- CFN Media
C.EAT | 2 days ago
Nutritional High: An Emerging Leader in Concentrates & Extracts -- CFN Media
SEATTLE, WA--(Marketwired - May 9, 2017) - CFN Media Group ("CFN Media", "CannabisFN"), the leading agency and digital media network dedicated to the North American cannabis industry, announces the publication of an article covering Nutritional High International Inc.'s (CNSX: EAT) (OTCQB: SPLIF) plans to build a robust production and distribution platform for nationally-branded marijuana-infused products.
Innovative Business Model
The U.S. cannabis industry is highly fragmented with several different value chain segments that have emerged over the years. Cannabis cultivators are focused on growing and harvesting cannabis plants; extraction facilities are focused on converting raw cannabis into oil extracts and cannabis-infused products; testing labs ensure product quality and purity; and, dispensaries sell these products to consumers at storefronts in approved medical or recreational states.
Nutritional High is focused on building a presence across the value chain while focusing on high-growth and high-margin edibles and oil extracts. Management's goal is to build a robust production and distribution platform for nationally-branded marijuana-infused products. These products include the Company's flagship FLï brand, exclusive license to certain products bearing the likeness of the legendary guitarist Jimi Hendrix, and innovative products like its Dab Stick for cannabis oil consumers.
The company has also developed a proprietary extraction and manufacturing process, which is based on the cold ethanol distillation that gives its business model some compelling economics. The process is able to turn up to 50 pounds of trim/shake per day into oil extracts, with an estimated 10% yield. It estimates that the high quality extract sells for $20-30 per gram on the wholesale market, which creates compelling profit margins, particularly for distillate oils that result from its process. In Colorado, it is estimated that Palo Verde can process around 100 lbs per week under the current configuration, which is being increased weekly by their staff.
Over the past three years, the company has made a string of acquisitions and strategic investments aimed at realizing this vision. Its geographic footprint includes its key four states of CO, IL, NV, and OR, along with planned expansion into several other states in the future, including California, Arizona, Washington State, Michigan, and Pennsylvania. Expansion into these states will position the company to capitalize on the burgeoning market and make it a leader in the space.
Growing Presence in Various States
Nutritional High has a growing presence in four different states with plans to expand into at least five additional states in the near future. This presence includes several different types of cannabis business across the value chain, including cultivation companies, extraction companies, and retail dispensaries.
Colorado
The company established one of the state's largest and most automated oil extraction facilities and secured licenses through agreements with Palo Verde LLC. With Phase I completed, the company's partner is finalizing the permitting process with technical personnel and local authorities to expand product offering to include edibles. The company aims to complete Phase II by mid-2017 with a cultivation facility in place by the end of the year according to its cultivation partner GroBright Corp (currently named Lakeside Minerals).
Illinois
The company was one of the 52 applicants to receive a medical marijuana dispensary license in the state with the only dispensary located in ISP District 12. With over 18,000 applicants for the state's medical cannabis program, total retail sales topped $36 million in 2016 and nearly $54 million since the program's inception in November 2015. The company is already seeing strong month-on-month growth with a 90% customer retention rate for its Clinic Effingham, which is 50% owned by Nutritional High. The balance 50% is owned by two prominent medical cannabis groups in Illinois, which own several licensed facilities.
Nevada
The company is in the process of acquiring and transferring provisional producer and processor licenses to a 17,500 square foot industrial building with approximately 15,500 square feet of warehouse space. In addition, the company partnered with GroBright to build a cannabis cultivation and extraction facility in Henderson, NV, where a portion of the building will be acquired by GroBright to build a cannabis cultivation facility.
Oregon
The company is in the final stages of local permitting for a recreational cannabis processing license after acquiring a property in La Pine, OR for $399,000. Management anticipates construction beginning in May 2017 with permits being secured for land use compatibility and the requisite local building permits
bigmoneyyyyyyyyy
8 years ago
Nutritional High provides an update on its investee company Aura Health Corp.
C.EAT | 20 hours ago
TORONTO, ONTARIO--(Marketwired - April 6, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (CSE:EAT.CN) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce an update pertaining to the business developments of Aura Health Corp. ("AHC"). As announced in the Company's press release dated December 28, 2016, Nutritional High owns approximately 24% of AHC and has provided a short-term loan in the amount of US $120,000.
Business Strategy and Expansion Plan Update
AHC's business plan is focused on investing in medical marijuana patient clinics in the United States, where permitted by applicable regulation. At this time, the primary focus are Cole Memo compliant US states, however, in the future AHC may also expand into Canada and other countries where medical cannabis is permitted by regulation.
In addition to the current projects in the States of Nevada and Arizona, AHC also intends to pursue expansion opportunities in the State of Florida, which has legalized cannabis for medical use on November 9, 2016, by passing Amendment 2 ballot measure.
AHC currently has an agreement with Sun Valley Clinics, which provides AHC an option to acquire 51% ownership in up to 10 clinics. AHC has commenced discussions with Sun Valley to expand the scope of the agreement to increase the number of clinics to co-invest into with Sun Valley.
State of Nevada
The first project that AHC has undertaken was the clinic investment in Las Vegas, NV. AHC is pleased with the ramp-up being on budget as in the past two months with weekly patient volume exceeding break even a number of times suggesting the clinic is ramping up as expected.
Despite the passage of Question 2 last November, which has legalized cannabis for adult recreational use in the State of Nevada, experience in other recreational states show that the patients recognize the considerable benefits of participating in the medical program. Such benefits include a wider range of products with more varying THC and CBD contents at a lower cost per unit and lower retail taxes. In addition, the implementation of Question 2 could take a year or longer, and AHC expects the Nevada clinic to continue growing.
State of Arizona
To date, AHC has completed an acquisition of 30% interest in two clinics in the state of Arizona - one in Mesa and one in Tucson. The location of the clinic in Mesa is on one busiest intersections in city, with 50,000 cars per day passing in two directions that can see Sun Valley external signage. The Tucson location was previously a dental clinic, which was closed due to owner's retirement who stated this was his highest volume clinic of three that he owned in the city.
The build-out of both clinics is nearing completion with both expected to open in April 2017. AHC's operating partners have also began pre-marketing and retaining key staff and doctors for both clinics, as well as developing referral partnerships with dispensaries throughout the state.
Corporate Update
AHC has appointed MNP LLP as its auditor, which is nearing completion of it's the financial statement audit for the year ended December 31, 2016. AHC has also appointed Branson Corporate Services Inc. to provide accounting and CFO support.
About Aura Health Corp. and Green Global Properties Inc.
Since June 2016, AHC and its subsidiaries has been involved in the development and acquisition of marijuana health clinics in the United States. The medical health clinics test prospective patients, and where such patients are found to have one of the qualifying medical conditions, the clinics issue medical-use certificates.
AHC owns 30% interest in a clinic in Las Vegas, NV and a 30% interest in a clinic being launched in Mesa, AZ. AHC also has the option to increase its ownership interest in these clinics to 51% and to acquire up to 51% interest in 8 additional clinics being launched by Sun Valley Holdings ("Sun Valley"), a private company based in Phoenix, Arizona, which also operates three wholly owned clinics in Arizona and is the largest clinic owner and operator in the state of Arizona.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
David Posner, Chairman of the Board
Nutritional High International Inc.
647-985-6727
dposner@nutritionalhigh.com
Greg Shafransky, Investor Relations
360 Aviation Services Inc.
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/06/nutritional-high-provides-an-update-on-its-investee-company-aura-health-corp#jFbdygFB8wL7olam.99
bigmoneyyyyyyyyy
8 years ago
Nutritional High Announces an Update at Its Dispensary Project in Effingham Illinois
C.EAT | 16 hours ago
TORONTO, ONTARIO--(Marketwired - April 5, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(CSE:EAT.CN)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to announce an update for its medical cannabis dispensary in Effingham, IL. Since its grand opening in September 2016, The Clinic Effingham ("TCE") has experienced a strong month-to-month growth in sales and stable gross margins, which are attributed to an expanding patient count and a strong patient and physician outreach program.
TCE achieves a monthly returning patient rate of over 90%, which demonstrates a strong and loyal customer base. To service the patient base, TCE has started working with more cultivators licensed with Illinois Department of Agriculture to expand its product offering, and has also hired additional staff in the effort to provide exceptional customer service.
Given the current pace of business, the need for further capital investment has been greatly reduced and the business is running on a profitable basis before tax. Nutritional High has been impressed with TCE's performance and is looking forward to its continued growth.
Jim Frazier, CEO of Nutritional High commented: "We are excited to see the continuing growth of The Clinic Effingham. We are excited to be a part of this important market as the growth continues to accelerate. On behalf of the Nutritional High team we would like to cordially thank our partners for their continuous support and assistance."
Adam Szweras, Director and Secretary of Nutritional High commented: "We're very proud of the tremendous growth TCE staff has achieved over a relatively short period that the dispensary has been operating. The medical cannabis market in the State of Illinois is a model for the country and the world. We are pleased that TCE revenue growth has surpassed our expectations. On behalf of the Nutritional High team I would like to thank TCE team for their hard work."
Medical Cannabis Pilot Program Update
As reported by The Illinois Department of Public Health ("IDPH") on April 5, 20171 has approved applications for approximately 18,300 qualifying patients, since it began accepting applications on September 2, 2014, and approximately 21,300 individuals have submitted a complete application to IDPH. Total retail sales of medical cannabis in the State of Illinois for March totaled $6,352,459, which brings the total retail sales by licensed medical cannabis dispensaries for the calendar 2016 to just over $36 million and to almost $54 million since the program's inception in November 2015. At this time there are 52 medical cannabis dispensaries operating in the state, with TCE continuing to be the only one in ISP District 12.
Sale of Property in Lawrenceville, IL and Option Issuance
Since the Company has elected to move its dispensary from Lawrenceville, IL to Effingham, IL (please see press release dated June 17, 2016), the Company has sold the Lawrenceville property back to its original vendors by paying a consideration of $80,000 in lieu of forgiving the outstanding seller take-back mortgage (please see press release dated June 17, 2016) in the amount of approximately USD $237,000.
The Company's board has also approved the issuance of 5,300,000 stock options ("Stock Options") to directors and consultants. Each Stock Option is exercisable into Common Shares at a price of $0.15 per Common Share for a period of five years from the date of issuance, subject to certain vesting provisions with accordance with the Company's stock option plan.
1 https://www.illinois.gov/gov/mcpp/Pages/update04052017.aspx
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
David Posner
Chairman of the Board
Nutritional High International Inc.
647-985-6727
dposner@nutritionalhigh.com
Greg Shafransky
Investor Relations
360 Aviation Services Inc.
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/05/nutritional-high-announces-an-update-at-its-dispensary-project-in-effingham#PUVHqrD2Od2Jl5T4.99
bigmoneyyyyyyyyy
8 years ago
Nutritional High Provides Q2 Operational Update and Financial Results
C.EAT | 1 day ago
TORONTO, ONTARIO--(Marketwired - April 4, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (CSE:EAT.CN) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce an overview of the milestones that the Company has accomplished during its second quarter ended January 31, 2017, and Q2 financial results.
Jim Frazier, CEO of Nutritional High commented - "This past quarter has been crucial in our Company's development cycle. Achieving commercial production in Colorado demonstrates our proof of concept, which the team is working on replicating in other US states. The Company has also announced developments regarding expansion into other states and progress on the product front. I would like to thank our shareholders for their following and their continuous support."
Q2 Financial Highlights
The Consolidated Financial Statements and Management Discussion and Analysis for the Quarter Ended have been filed on www.sedar.com. Outlined below is a summary of key highlights (in CAD unless otherwise noted), however, we encourage shareholders to review the documents in their entirety.
The revenue for 6 months ended January 31, 2017 was $331,464, which was comprised of interest income and rent income, payable from Palo Verde. As of January 31, 2017, a total of $1,460,362 was owed to Nutritional High from Palo Verde LLC ("Palo Verde"), of which approximately $480,000 was recognized as impairment on the amount receivable.The Company had total assets of approximately $9.7 million, of which, approximately $5.8 million was comprised of cash. The balance was comprised of investment properties, amounts due from Palo Verde, capital assets (mostly comprised of equipment), accounts receivable, licenses, investments and property deposits.A key statistic that we would like to highlight is the investments account of $639,826, which contains the investments that the Company has made for its Illinois project, The Clinic Effingham ("TCE"), which had revenue of $368,469 and a net loss of $85,030 as sales commenced on September 17, 2016. The Illinois project is presented on the financial statements using equity method, rather than consolidation.
The Company would also like to note that due to residency requirements in the State of Colorado the Company may not control (or indeed have an ownership interest in) Palo Verde, and as such, it may not consolidate the financial performance of Palo Verde. Since the Company has completed the build-out and equipment installation at its Pueblo facility, Palo Verde has purchased and processed into oil 230 pounds of trim and shake.
Q2 Milestones Highlights
Q2 has been a very busy and exciting for the Company. Below is a summary of key milestones that Nutritional High has achieved since October 31, 2016:
Announcement of California Expansion Strategy;Closing of Private Placement for gross proceeds of ~$5.5 million;Acquisition of interest in Aura Health and expansion updates thereto;Launch of its flagship FLI brand;Acquisition of Dabstick product;Launch of our new website;Addition to The Marijuana Index which is owned and managed by MJIC, Inc.;Announced agreement to acquire Nevada Licenses and a Real Estate Property in Henderson, NV;Commencement of commercial production by Palo Verde at Pueblo, CO, facility;Acquisition of additional equipment for lease to Palo Verde to increase marijuana oil production capacity;Announcement of joint venture with Lakeside to build-out grow facilities in Pueblo, CO, and Henderson, NV: andClosed acquisition of a real estate property in La Pine, OR and provided an update on licensing.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visitwww.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the " U.S. Securities Act "), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration, or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein.All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.
Nutritional High International Inc.
David Posner
Chairman of the Board
647-985-6727
dposner@nutritionalhigh.com
360 Aviation Services Inc.
Greg Shafransky
Investor Relations
604-671-3327
stockshaman@outlook.com
Read more at http://www.stockhouse.com/news/press-releases/2017/04/04/nutritional-high-provides-q2-operational-update-and-financial-results#7SwMvQxQH9OxYZ7h.99
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