06:37:19 EDT Tue 19 Mar 2024
Enter Symbol
or Name
USA
CA



Nutritional High International Inc
Symbol EAT
Shares Issued 280,798,423
Close 2018-04-23 C$ 0.395
Market Cap C$ 110,915,377
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Nutritional High partner Abba receives pot oil licence

2018-04-24 09:10 ET - News Release

Mr. David Posner reports

NUTRITIONAL HIGH ENTERS CANADIAN CANNABIS MARKET WITH PARTNER RECEIVING ITS OIL EXTRACTION LICENSE

Nutritional High International Inc.'s joint venture partner Abba Medix Corp. has received its licence to produce cannabis oil from Health Canada under the Access to Cannabis for Medical Purposes Regulations (ACMPR). Nutritional High recently entered into a joint venture with Abba Medix (see press release dated Oct. 17, 2017) to manufacture cannabis oil extracts and cannabis-infused products in Canada under the company's FLI brand once permitted by regulation. Abba Medix will commence cannabis cultivation at its Pickering, Ont., facility on May 1, 2018, and seek to begin producing FLI-branded cannabis oil extract products shortly thereafter.

As part of the joint venture of which it owns a 50-per-cent interest, the company designed and is currently building out an approximate 2,000 square foot area of the 22,000-square-foot Pickering facility. Going forward, the company will seek to build out, staff and organize the operations of the facility to maximize production capacity. As part of its lease, Abba Medix is approved to expand its facility by an additional 27,500 square feet, for a total of 49,500 square feet, offering significant expansion potential going forward.

David Posner, chairman and director of Nutritional High, commented: "We commend Abba Medix on this significant milestone and look forward to further developing our relationship with them as they bring oil production capabilities on line. The Canadian market is a significant aspect of our international strategy and this development will allow us to advance our strategic objectives in that market. Going forward, we will look to develop our operations in numerous other markets to establish an integrated, best-in-class producer of cannabis extracts and infused products."

About Nutritional High International Inc.

Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult recreational use.

We seek Safe Harbor.

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