TORONTO, April 12, 2018 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the “Company” or “Nutritional High”) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce the approval of its conditional use permit application ("CUP") by the City of Sacramento, Community Planning Department for a 9,000 square foot property located in Sacramento ("Sacramento Property") that is being leased by the Company. The CUP approval sets out the conditions of using the Sacramento Property to manufacture cannabis products using non-volatile solvents, which moves the Company closer to being licensed to manufacture cannabis products in-house, rather than relying on contract manufacturing partners. Aaron Johnson of JRG Attorneys at Law, who also serves as a director of the Company represented Nutritional High in Sacramento.
The next step for the Company will be the submission of an application for formal business operating permits ("BOP") with City of Sacramento, Office of Cannabis Policy and Enforcement, as well as building permits to commence construction at the Sacramento Property. Upon receiving requisite approvals and completing the build-out, the Company intends to commence manufacturing at the facility and continue to expand sales of its FLI branded products in the California market. Bringing the manufacturing capability in-house, the Company will be able to achieve higher product sales margins, exercise greater control over quality control and provide the flexibility in adding new product lines. The Company also has a purchase and sale agreement to purchase the Sacramento Property upon obtaining requisite regulatory approvals.
Manufactured cannabis products have experienced rapid sales growth since legalization in California, with sales of cannabis concentrates increasing 36% between January and February of 2018, from $43.2m to $58.7m according to BDS Analytics.
Jim Frazier, CEO of Nutritional High, commented, "We are very excited to achieve this significant milestone at our Sacramento facility. Municipal approval of our CUP application brings us one step closer to being able to manufacture our value-added extract products in California, a key strategic market for us.”
Aaron Johnson, also added, "Establishing a location in Sacramento further exemplifies Nutritional High’s commitment to efficiency and logistics in a cannabis industry that is rapidly moving toward modern business models."
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. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
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
Chairman of the Board
Nutritional High International Inc.
647-985-6727
Email: dposner@nutritionalhigh.com
About JRG Attorneys at Law
JRG Attorneys at Law; Johnson, Rovella, Retterer, Rosenthal & Gilles, LLP, is a full service law firm based in Monterey County, California. The firm represents a wide range of clients from industries including agriculture, hospitality and cannabis. Aaron Johnson leads the firm’s Cannabis Department and has been at the forefront of the cannabis industry in central California. www.JRGattorneys.com.
Contact:
Aaron Johnson
Partner, JRG Attorneys at Law
Director, Nutritional High
831-754-2444
Email: Aaron@JRGattorneys.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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. 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.
The Company’s securities have not been registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or “U.S. Persons”, as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
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.