TORONTO, Sept. 06, 2017 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to announce that is has entered into a Purchase Agreement to acquire property in northern California, where the Company intends to extract cannabis oil and manufacture cannabis infused products.
The property is a 9,000 square foot industrial building that meets all requirements for licensing set by State and local regulatory authorities. The property acquisition is conditional on Nutritional High successfully securing all required municipal licensing for marijuana oil extraction and edible manufacturing, which is underway. The Company expects to be in a position to launch FLI branded products in the California market in early 2018; once the California Department of Public Health begins granting marijuana licenses.
"After several months of searching, we are pleased to have found a suitable property to establish a state-of-the-art extraction and edibles manufacturing facility," said Jim Frazier, CEO of Nutritional High. "California, as the largest cannabis market in the world with a well-developed and competitive market place, will be an exciting challenge that I know we will meet. California is home to a large population of sophisticated cannabis consumers and represents a tremendous opportunity to broaden the reach of our premium branded marijuana oils and infused products. Many of our innovations, which we have introduced to Palo Verde in Colorado, were developed and perfected in California, and now we look forward to bringing our brands, approach, and expertise back to California consumers.”
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the marijuana-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:
Jim Frazier, CEO
Nutritional High International Inc.
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.
Source:Nutritional High International Inc.