08:43:29 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-11-05 C$ 0.235
Market Cap C$ 68,435,835
Recent Sedar Documents

Nutritional High completes sale, leaseback of equipment

2018-11-06 09:50 ET - News Release

Mr. David Posner reports

NUTRITIONAL HIGH COMPLETES SALE AND LEASEBACK OF EQUIPMENT AT ITS SACRAMENTO FACILITY

Nutritional High International Inc. has completed a sale and leaseback financing of certain equipment located at its FLI NorCal facility, located in Sacramento, Calif., and has leased other equipment to be delivered in short order for gross proceeds of $741,127 (U.S.). The sale and leaseback financing was provided by the Veterans Capital Corp. and ASC Lease Income LLC.

Pursuant to the agreement with the buyer, the company will utilize the equipment to process a wide and expanding range of products under its FLI brand, including vape pens, syringes, dab jars and mini mints. Nutritional High distributes these products in the California market through the company's wholly owned Calyx Brands distributor. In addition, the company expects to launch its FLI chocolate bar production in three weeks upon the delivery of new equipment.

Located in the city of Sacramento, Calif., the FLI NorCal facility totals 17,500 square feet of manufacturing space permitted for the manufacture of cannabis extracts and infused products. With the goal to rapidly increase market share in the Western United States, particularly in California, the company is in negotiations with various popular brands that would help strengthen Nutritional High's position in California and continues to push its vision of being an industry leader in cannabis-infused edibles and oils.

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.

© 2024 Canjex Publishing Ltd. All rights reserved.