Mr. David Posner reports
NUTRITIONAL HIGH UPDATE ON PASA VERDE LABS
Effective Feb. 1, 2019, the City of Sacramento Cannabis Policy & Enforcement has rescinded local authorization for cannabis manufacturing for Pasa Verde LLC, a subsidiary of Nutritional High International Inc. Without local authorization in place, the California Department of Public Health was required to revoke Pasa Verde's state temporary manufacturing licence. This does not in any way affect the licensing of the company's distribution operations under Calyx Brands, the temporary-licensed cannabis distribution subsidiary of the company and has minimal impact on company operations.
Pasa Verde received approval for its building permits from the city on Jan. 16, 2019, and the buildout of the FLI Labs NorCal facility will proceed as planned. Further, Calyx will continue distributing FLI products being produced by other licensed cannabis manufacturers in California.
Based upon discussions with the city regarding its decision, the company is moving forward with the buildout and will apply for a new business operating permit (BOP) under a new subsidiary of the company. The company anticipates the BOP being finalized before the completion of the buildout.
Jim Frazier, chief executive officer of Nutritional High, commented: "While we had hoped to maintain the local authorization at FLI Labs NorCal and secure the BOP early on in the buildout period, this is a minor shift in our operations. We look forward to working with the city on a new BOP, completing the buildout and moving forward with fully compliant manufacturing, production and packaging operations at scale in Sacramento."
About Nutritional High International Inc.
Nutritional High develops, manufactures and distributes cannabis extracts and edible products under recognized brands for medical and adult use, in accordance with state and local law.
We seek Safe Harbor.
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