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Nutritional High International Inc
Symbol EAT
Shares Issued 291,216,320
Close 2018-12-05 C$ 0.16
Market Cap C$ 46,594,611
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Nutritional High appoints Siciliano as president

2018-12-06 09:43 ET - News Release

Mr. Jim Frazier reports

NUTRITIONAL HIGH APPOINTS TOM SICILIANO AS PRESIDENT AND MICHAEL DINAPOLI AS CHIEF FINANCIAL OFFICER, AND GRANTS STOCK OPTIONS

Nutritional High International Inc. has appointed Tom Siciliano as president, effective Dec. 10, 2018, and has appointed Michael DiNapoli, who will succeed Sonia Agustina, as chief financial officer, effective Jan. 1, 2019.

Mr. Siciliano joins Nutritional High from Canna Security America, where he served as president and chief financial officer for the last three years, turning the company into the second largest security company within the cannabis industry. Mr. Siciliano was consecutively nominated in 2016 and 2017 as the "executive of the year" within the cannabis industry. Prior to his most recent appointments, Mr. Siciliano had a distinguished career and an outstanding record of revenue and profit growth with a background in sales, finance and operational performance improvement initiatives as a senior leader within start-up companies, private equity and Fortune 500 companies with extensive public company experience. Mr. Siciliano holds a bachelor's degree in business administration from Columbus University and a certificate in leadership excellence from Penn State University.

Mr. DiNapoli joins Nutritional High from family-owned Clos Du Val Winery, where he served as chief financial officer since January, 2018. Mr. DiNapoli is a senior executive with over 20 years of experience managing all aspects of operations, finance and long-term strategic planning for a number of medium-size to large companies and spent the last 10 years exclusively focused in the wine and spirits industry. In addition, Mr. DiNapoli has extensive experience in mergers and acquisitions and capital markets financial advisory. Mr. DiNapoli holds a bachelor's degree in business administration in accounting from Pace University.

Mr. DiNapoli will succeed Ms. Agustina, who has served as Nutritional High's chief financial officer since October, 2017. Ms. Agustina and the company will enter into an agreement whereby Ms. Agustina will remain a strategic adviser and consultant to the company after the transition period. The company would like to take this opportunity to thank Ms. Agustina for her role during an important transitional period for the company.

"We're excited to welcome Tom Siciliano and Michael DiNapoli to Nutritional High as our new president and CFO respectively," Jim Frazier, chief executive officer of the company, commented. "Mr. Siciliano is a natural leader and a powerful team builder. He has an uncanny ability to connect key players to winning teams, while using his knowledge and expertise to help coach along the way.

"Mr. DiNapoli brings extensive financial, operational and strategic experience to the cannabis space. This, combined with his deep knowledge of the wine and spirits industry and experience with high-growth companies, will be a huge asset to Nutritional High as we enter our next chapter of growth," Mr. Frazier continued. "We are further delighted to retain Ms. Agustina as a strategic adviser to the company and look forward to her continued success with Nutritional High. She has been essential to the company's overall growth and will continue to play a pivotal advisory role in the company's financial success."

Simultaneously, the company issued an aggregate of 750,000 incentive stock options to certain employees of the company. Each employee stock option is exercisable at a price of 30 cents per common share for a period of five years. In addition, the board of directors of the company approved the granting of a further 650,000 incentive stock options to consultants of the company. Each incentive stock option is exercisable at a price of 30 cents per common share for a period of two years.

The company also cancelled 300,000 non-vested incentive stock options granted to a consultant of the company. The cancelled options were exercisable into common shares of the company at a price of 50 cents per common share. Each cancelled stock option was granted on Feb. 21, 2018, and would have been exercisable at a price of 50 cents per common share for a period of five years, expiring Feb. 21, 2023.

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. The company follows a vertically integrated model with a fully developed strategy for acquisitions in extraction, production, sales and distribution sectors of the cannabis industry.

We seek Safe Harbor.

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