Nutritional High Provides Update on Operations in Oregon

TORONTO, Nov. 07, 2018 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE: EAT, OTCQB: SPLIF, FRANKFURT:2NU) is pleased to provide an update on recent developments on operations in the state of Oregon.

The Company 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 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 is currently producing various in-house flagship FLÏ™-branded products including its Vape Cartridges and Syringes. The Company is in the final stages of seeking regulatory approval in order and expects to roll out its FLÏ™-branded Chocolate Bars across the state of Oregon as early as Q1 of 2019. The Chocolate Bars will come in a multitude of delicious high quality milk chocolate flavours, which include amongst others, a distinctive rich caramel, dark chocolate sea salt and dark chocolate blueberry flavour.  The Company will be working with a statewide distributor that will help market and distribute its FLÏ™-branded products throughout the state.

In addition, the Company is bringing additional innovative edible products to the market with unique Chocolate Shot selling under the FLÏ™-brand. The Chocolate Shot is unique to consumers in that it is engineered to stay in a delicious liquid despite external weather conditions.

“With our focus on the US West Coast, the first production in Oregon is a milestone of strategic importance to the Company,” commented Nutritional High’s Chief Executive Officer Jim Frazier. “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 November 5, 2018, the Company wishes to clarify the terms of the sale and leaseback financing agreement for equipment located at the Company’s FLÏ NorCal facility (the “Sacramento Equipment Agreement”) with Veteran Capital Corp and ASC Lease Income, LLC, (collectively, the “Sacramento Buyers”). Nutritional High issued 264,689 common share purchase warrants (each, a “Warrant”) 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 (a “Common Share”) at a price of $0.70 CDN per Common Share for a period of 24 months from the date of issuance.

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. Nutritional High has brought its flagship FLÏ™ edibles and extracts product line from production to market through its wholly owned subsidiaries in California and Oregon, as well as Colorado where its FLÏ™ products are manufactured by a third-party licensed producer. In California, the Company distributes its products and products manufactured by other leading producers through its wholly owned distributor Calyx Brands Inc. and is entering the Nevada, Washington State and Canadian markets in the near future.

For updates on the Company’s activities and highlights of the Company’s press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visit www.nutritionalhigh.com.

For further information, please contact:

David Posner
Co-Chairman of the Board
Nutritional High International Inc.
647-985-6727
Email: [email protected]  

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This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The statements relate to potential market expansion and the use of the proceeds of the Offering.  Risks that may have an impact on the ability for these events to be achieved include completion of due diligence, negotiation of definitive agreements and receipt of applicable approvals.  Although such statements are based on management’s reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.

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Additionally, there are known and unknown risk factors which could cause the Company’s actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. Some of the risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information expressed in this press release include, but are not limited to: obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other licenses, the uncertainty of existing protection from U.S. federal or other prosecution, regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, market and general economic conditions of the cannabis sector or otherwise.