06:20:52 EDT Tue 23 Apr 2024
Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 308,848,171
Close 2019-05-01 C$ 0.22
Market Cap C$ 67,946,598
Recent Sedar Documents

Nutritional High to increase size of private placement

2019-05-02 11:10 ET - News Release

Mr. Jim Frazier reports

NUTRITIONAL HIGH TO UPSIZE PREVIOUSLY ANNOUNCED BROKERED PRIVATE PLACEMENT FINANCING

Nutritional High International Inc. plans to increase the size of its previously announced brokered private placement financing due to significant demand in the market. The company has received indications exceeding the $3-million in gross proceeds it was seeking to raise (see press release dated May 1, 2019), including sizable institutional support and, as such, will increase the size of the offering to an amount to be determined by the company in its sole discretion and which will be announced prior to the closing of the offering. The company is further pleased to announce that management, insiders and their families represent approximately $1-million of the indications to date.

Nutritional High chief executive officer Jim Frazier commented: "We're very pleased to be able to share the positive response we have received to the previously announced private placement financing. The proceeds from this financing will provide us with the capital we need to drive our growth plan forward and continue to execute on our corporate strategy."

The offering is subject to receipt of all necessary regulatory approvals, including the approval of the Canadian Securities Exchange. All securities issued pursuant to the offering will be subject to a four-month-and-one-day hold period from the date of closing, in accordance with applicable Canadian securities laws.

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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