Nutritional High International Inc. Ordinary Shares C.NHL

RE:Colorado Project Update

[jasonl25]

profmike wrote:

No need for emails as Jim has already posted a detailed document with current information (this was posted November 28th by the company as part of their MD&A report:
https://thecse.com/sites/default/files/investorx/EAT/1611281932013334.pdf
It also outlines various risks involved at the end of the document.

Colorado Project Update

The Company has made significant progress in establishing operations in Colorado. The Company engaged T.L. Printz Constructors in as the new general contractor to complete Phase I build-out of the facility in West Pueblo, CO, which is owned by the Company and leased to Palo Verde LLC ("Palo Verde"), which has now been completed. With Jim Frazier's leadership and T.L. Printz's assistance the Company significantly reduced costs in its build-out plans, which were funded from the proceeds of the Pueblo Facility re-financing (announced in the press release dated April 27, 2016). The Phase I build-out was focused on renovating the building to allow Palo Verde to process raw cannabis into solid and liquid cannabis concentrates and marijuana-infused products ("MIPs") such as vape pen cartridges and gel capsules.

Palo Verde has hired key personnel in preparation of the launch of its marijuana oils, extracts and edibles business, including a general manager/oil extraction specialist, and a salesperson. Phase I of the Pueblo build-out is now complete and Palo Verde’s extraction equipment has been installed. The equipment will allow Palo Verde to use an extraction process that utilizes a combination of mechanical separation and short-path distillation to extract essential oils from raw cannabis into high purity product, dubbed as "Clear" in the industry. Final inspections by the relevant local authorities in Pueblo are almost complete and Palo Verde is expected to commence operations in short order.

Palo Verde plans to initially sell raw oil to other infused products manufacturers, and will subsequently launch sales of cannabis-infused products such as gelatine caps, vape pen cartridges and disposable vape pens. Concurrent with product introduction, the Company planned to re-model the Pueblo facility to enable Palo Verde to manufacture cannabis infused edible products.

The Company engaged a branding consultant to assist in developing packaging for an initial line of Jimi Hendrix-branded products, which would be the first product line to be introduced by Palo Verde in the State of Colorado. The consultant would also develop packaging for subsequent product lines, which would bear Nutritional High’s branding.

this is concrete...very nice find...it make sunshine in my week!