10:12:48 EDT Fri 19 Apr 2024
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USA
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Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-09-17 C$ 0.34
Market Cap C$ 99,013,549
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Nutritional High receives marijuana processor licence

2018-09-17 10:04 ET - News Release

Mr. David Posner reports

NUTRITIONAL HIGH RECEIVES OREGON MARIJUANA PROCESSOR LICENSE

The Oregon Liquor Control Commission has granted a marijuana processor licence to Nutritional High International Inc.'s wholly owned Nutritional High (Oregon) LLC for its facility in La Pine, Ore.

The La Pine facility buildout has been complete and the company will immediately commence processing a wide range of products under the Nutritional High's FLI brand. Initial product offerings will include vape cartridges, syringes and dab jars. Following the initial launch, the company will roll out FLI-branded cannabis-infused edible products that will include chocolates, additional syringe offerings and multiple other innovative products.

The company's La Pine facility will focus on processing cannabis oil and manufacturing cannabis-infused edible products. The company will buy cannabis trim, shake and flower from third parties for extract using its proprietary cryo-ethanol process. The La Pine facility is made up of three contiguous parcels of land totalling 18,295 square feet (0.42 acre) with 4,662 square feet of manufacturing and office space and 540 square feet of mezzanine storage space. Located in the city of La Pine 30 miles from picturesque Bend, Ore., the facility is well situated to service the Portland market as well as smaller centres throughout the state.

Start-up and speed to market

"We are very pleased to receive our licensing in Oregon," commented Nutritional High chief executive officer Jim Frazier. "This is another of many great advancements that Nutritional High has made in recent months. The commencement of our manufacturing and processing operations in California earlier this month, and now Oregon, fulfills key components of our vision for 2018."

"We are all excited to start production at the La Pine facility and launch our FLI-branded products into the Oregon marketplace," continued Mr. Frazier. "The La Pine facility will further our West Coast manufacturing reach and give us the ability to expand further by partnering with other brands as well. In addition, La Pine will be one of our premier research and development facilities where we will have a team dedicated to developing unique and innovative products not just for Oregon but for all markets where we operate. La Pine will be working with a major distributor in the Oregon market to drive sales and distribute our products statewide."

David Posner, co-chairman of Nutritional High, commented as follows: "The Nutritional High team has done a great job on getting La Pine ready for this day, and I am very proud of the advancements that we have made in 2018. La Pine will be key in our overall corporate strategy and play a major part of our success."

About Nutritional High International Inc.

Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use.

Nutritional High has brought its flagship FLI edibles and extracts product line from production to market through its wholly owned subsidiaries in California and Oregon as well as Colorado, where its FLI products are manufactured by a licensed producer. The company distributes its products and products manufactured by other leading producers through its wholly owned distributor Calyx Brands Inc. The company also owns a 50-per-cent interest in The Clinic Effingham (an Illinois dispensary) and is entering the Nevada, Washington State and Canadian markets in the near future.

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