01:21:36 EDT Sat 20 Apr 2024
Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-10-22 C$ 0.245
Market Cap C$ 71,347,998
Recent Sedar Documents

Nutritional to sell interest in NH Med to Green Thumb

2018-10-22 09:21 ET - News Release

Also News Release (C-GTII) Green Thumb Industries Inc

Mr. Jim Frazier of Nutritional High reports

NUTRITIONAL HIGH SELLS MEMBERSHIP INTEREST OF ILLINOIS DISPENSARY TO GREEN THUMB INDUSTRIES AND ATARAXIA, LLC

Nutritional High International Inc.'s wholly owned subsidiary, NH Medicinal Holdings LLC, entered into a definitive agreement on Oct. 19, 2018, to sell its 50-per-cent membership interest of Illinois-based NH Medicinal Dispensaries LLC to ILDISP LLC, GTI-Clinic Illinois Holdings LLC (a subsidiary of Green Thumb Industries Inc.) and Ataraxia LLC.

In connection with the agreement, the buyers will acquire 100 per cent of the sellers membership interest in NH Medicinal Dispensaries on closing for an aggregate purchase price of $3.5-million (U.S.) in cash.

"The Effingham dispensary has been a great asset for us. We won the licence in a competitive process and brought in great partners in GTI and Ataraxia," commented Nutritional High's chief executive officer, Jim Frazier. "With our focus on California, Nevada and the U.S. West Coast, the southern Illinois dispensary was no longer core to our business and we are pleased to have been able to sell it at a significant gain."

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. The company works exclusively with licensed facilities in jurisdictions where such activity is permitted and regulated by state law.

About Green Thumb Industries Inc.

Green Thumb Industries, a national cannabis cultivator, processor and dispensary operator, is dedicated to providing dignified access to safe and effective cannabis nationwide while giving back to the communities in which it serves. As a vertically integrated company, Green Thumb Industries manufactures and sells a well-rounded suite of branded cannabis products, including flower, concentrates, edibles and topicals.

We seek Safe Harbor.

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