14:38:05 EDT Thu 18 Apr 2024
Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-11-07 C$ 0.27
Market Cap C$ 78,628,406
Recent Sedar Documents

Nutritional High completes first pot production batch

2018-11-07 11:35 ET - News Release

Mr. Jim Frazier reports

NUTRITIONAL HIGH PROVIDES UPDATE ON OPERATIONS IN OREGON

Nutritional High International Inc. has provided an update on recent developments on operations in Oregon.

Nutritional High International has launched cannabis production in Oregon and successfully completed production of the first batch through the cold ethanol extraction equipment for laboratory testing. The professional laboratory testing will analyze various aspects of the product in regard to cannabinoid content, moisture and toxins. Nutritional High International implements the highest standard in cannabis testing and production in order to cultivate high-quality edibles and products for the Oregon adult-use market to align with all the other existing markets.

Nutritional High International is currently producing various in-house flagship FLI-branded products, including its vaporizer cartridges and syringes. The company is in the final stages of seeking regulatory approval and expects to roll out its FLI-branded chocolate bars across Oregon as early as Q1 2019. The chocolate bars will come in a multitude of delicious high-quality milk chocolate flavours, which include, amongst others, distinctive rich caramel, dark chocolate sea salt and dark chocolate blueberry flavours. The company will be working with a statewide distributor that will help market and distribute its FLI-branded products throughout the state.

In addition, the company is bringing additional innovative edible products to the market with a unique chocolate shot selling under the FLI brand. The chocolate shot is unique to consumers in that it is engineered to stay in a delicious liquid form despite external weather conditions.

"With our focus on the U.S. West Coast, the first production in Oregon is a milestone of strategic importance to the company," commented Jim Frazier, Nutritional High International's chief executive officer. "We look forward to proudly introducing our highest-quality edibles to the Oregon adult-use market and deepening our market concentration through such state-by-state development."

Further to its press release dated Nov. 5, 2018, Nutritional High International wishes to clarify the terms of the sale and leaseback financing agreement for equipment located at the company's FLI NorCal facility with Veteran Capital Corp. and ASC Lease Income LLC. Nutritional High International issued 264,689 common share purchase warrants as additional consideration in connection with the Sacramento equipment agreement. Each warrant entitles the Sacramento buyers to purchase one common share in the capital of the company at a price of 70 cents per common share for a period of 24 months from the date of issuance.

About Nutritional High International Inc.

Nutritional High International 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 International works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.

Nutritional High International follows a vertically integrated model with a fully developed strategy for acquisitions in extraction, production, sales and distribution sectors of the cannabis industry. Nutritional High International has brought its flagship FLI edibles and extracts product line from production to market in California through its wholly owned distributor, Calyx Brands Inc., and Colorado, where its products are manufactured by a licensed producer.

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