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Nutritional High International Inc
Symbol EAT
Shares Issued 141,942,514
Close 2016-09-26 C$ 0.06
Market Cap C$ 8,516,551
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Nutritional tenant Palo to begin production in October

2016-09-27 10:44 ET - News Release

Mr. Jim Frazier reports

NUTRITIONAL HIGH PROVIDES AN UPDATE ON ITS COLORADO PROJECT

Nutritional High International Inc. has provided an update on key developments at its project in West Pueblo, Colo.

Palo Verde key hires

Nutritional High is pleased to announce that tenant Palo Verde has hired a general manager and a salesperson for its cannabis extraction operation at the company's facility in West Pueblo, Colo. Both individuals possess valid cards issued by the marijuana enforcement division and are eligible to work at state-licensed cannabis facilities. The hires were made in the anticipation of Palo Verde commencing production of cannabis oils and infused products, expected to commence during the month of October, 2016, contingent on timing of inspection of the facility by the local authorities.

Buildout and equipment installation status

The company is pleased to report that phase I of the buildout is near completion and the necessary equipment has been installed or delivered to the facility. Palo Verde is currently in process of scheduling an inspection with the Pueblo Regional Building Department. The company will post the images of the continuing construction to the company's social media pages as the buildout continues to progress.

Billy Morrison, Nutritional High's director and head of extractions, commented: "I am very pleased with how the extraction facility is coming together. We're excited to put to use the technology package we've assembled to allow Palo Verde to sell leading-edge products in the Colorado market."

Upon completion of phase I, the company shall receive the second tranche of the secured building loan of $200,000 (U.S.), as announced in the company's press release dated April 27, 2016. The funds will be used to begin phase II of building remodelling to allow Palo Verde to manufacture cannabis-infused edible products and to advance additional loans to Palo Verde to finance its working capital as it continues to ramp up production of cannabis oils and infused products.

Product rollout strategy

The company is pleased to provide further information on Palo Verde's product strategy for the state of Colorado. As described in the company's press release dated July 11, 2016, the equipment that is being installed at the company's Pueblo facility will allow Palo Verde to use an extraction process that utilizes a combination of mechanical separation and short-path distillation to extract essential oils from raw cannabis into high-purity product, dubbed as "clear" in the industry.

Initially, Palo Verde will sell raw oil to other infused products manufacturers followed by cannabis-infused products such as gelatine caps, vape pen cartridges and disposable vape pens. As the products are being introduced, Nutritional High and Palo Verde will continue remodelling the Pueblo facility to enable Palo Verde to manufacture cannabis-infused edible products.

The company has also engaged a branding consultant to assist in developing packaging for an initial line of Jimi Hendrix-branded products, which will be the first product line to be introduced by Palo Verde in the state of Colorado. The consultant is also developing packaging for subsequent product lines, which will bear Nutritional High's branding.

Changes to German investor relations strategy

The company wishes to announce that it has terminated its consulting agreement with Deutsche Gesellschaft fur Wertpapieranalyse GmbH. Any investor inquiries should be relayed to Steve Low of Boom Capital Markets.

The company will take steps to launch a German-language website and, as announced in the press release dated July 14, 2016, the company continues to monitor the legislative changes on the German medical cannabis sector and intends to take steps to capitalize upon any potential opportunities at the appropriate time.

Nutritional High's management team thanks all its European shareholders for their strong support and asks that any prospective investors and existing shareholders get in touch with its investor relations department if they have any inquiries about the company.

We seek Safe Harbor.

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