Mr. David Posner reports

NUTRITIONAL HIGH ANNOUNCES CLOSING OF FINAL TRANCHE OF $5.5 MILLION PRIVATE PLACEMENT

Nutritional High International Inc. has closed the final tranche of the non-brokered private placement, consisting of 3,528,299 units at a price of 15 cents per unit to raise aggregate gross proceeds of $529,244.85, and, together with the closing of the previous tranches, an aggregate of 36,636,221 units have been issued for aggregate total proceeds of $5,495,433.15 (see press releases dated Oct. 26, 2016, Nov. 9, 2016, and Nov. 18, 2016).

Each unit consists of one common share of the company and one-half of one common share purchase warrant. Each warrant entitles the holder thereof to purchase a common share at 22 cents per share for a period of 18 months from closing.

All securities issued in connection with the final tranche are subject to a four-month hold period from the date of issuance in accordance with applicable securities laws. The company engaged First Republic Capital Corp. as the lead finder for the offering. A cash fee was paid to finders representing 6 per cent of the gross proceeds raised in the final tranche. Additionally, finders received that number of compensation options totalling 6 per cent of the number of units sold pursuant to the final tranche. The compensation options are exercisable at a price of 15 cents per unit for a period of 24 months after the closing of the offering. First Republic was paid a corporate finance fee representing 2 per cent of the gross proceeds raised in the final tranche and that number of compensation options equalling 2 per cent of the number of units sold under the final tranche.

Nutritional High's chairman, David Posner, commented: "The demand for this financing has exceeded our expectations, and we appreciate the vote of confidence from our shareholders and the investment community. This financing will allow us to continue aggressively with our expansion and acquisition plans through the western United States."

Nutritional High's chief executive officer, Jim Frazier, added: "As Palo Verde turns on production in Pueblo, Colo., in short order, we will use the template we are developing in Colorado to duplicate our efforts in the other adult-use states, as well as my home state of Florida, which has just approved medical marijuana use. There is much to do, and we are pleased that this financing will allow us to focus all our efforts on execution, expansion and acquisitions."

We seek Safe Harbor.