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Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-10-30 C$ 0.21
Market Cap C$ 61,155,427
Recent Sedar Documents

Nutritional High closes NH Medicinal interest sale

2018-10-30 14:08 ET - News Release

Mr. David Posner reports

NUTRITIONAL HIGH ANNOUNCES CLOSING OF THE SALE OF MEMBERSHIP INTEREST OF ILLINOIS DISPENSARY

Nutritional High International Inc. has closed the previously announced sale of its 50-per-cent membership interest in Illinois-based NH Medicinal Dispensaries LLC to ILDISP LLC, GTI-Clinic Illinois Holdings LLC (a subsidiary of Green Thumb Industries Inc.) and Ataraxia LLC for an aggregate purchase price of $3.5-million (U.S.).

The net proceeds of the transaction will be used by the company toward expanding the business operations in California, Nevada, Oregon and Washington. Nutritional High expects to:

  • Expand production and launch new products in Oregon and California;
  • Finance growth and expansion of Nevada-based Green Therapeutics LLC while the company awaits regulatory approval to close the acquisition of Green Therapeutics.

"We are pleased to finalize the sale of our membership interest in the Effingham dispensary at a considerable gain and redeploy the funds in California, Nevada and the U.S. West Coast that we consider strategically important to our business as these markets rapidly evolve and grow," commented Jim Frazier, Nutritional High's chief executive officer. "While we still believe that [the] Illinois market has great potential for growth and will explore ways of entering the market in the future, we want to focus our efforts to ensure we continue to advance to rapidly increase market share in the western U.S."

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.

We seek Safe Harbor.

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