RE:News FlashMarski101 wrote: Toronto, Ontario--(Newsfile Corp. - March 24, 2021) - Nutritional High International Inc. (CSE: EAT) ("Nutritional High" or the "Company") is pleased to announce the full repayment of the indebtedness due from Green Therapeutics LLC ("GT"). Upon completion of the first part of the acquisition of GT by Australis Capital Inc. ("Australis"), announced today, GT's indebtedness due to Nutritional High has been repaid plus accrued interest and a 10% premium. In accordance with the settlement and release agreement signed on January 6, 2021, GT has transferred to the Company 9,267,341 exchangeable shares, exchangeable into common shares of Australis, subject to certain trading volume restrictions. "We congratulate Green Therapeutics and Australis on the closing of their transaction. Duke Fu and his team at Green Therapeutics are top notch and we know they will have great success with Terry Booth and his new team at Austr alis. The repayment of the Green Therapeutics debt will provide us with significant resources to grow our business in Colorado, Oregon and California," stated John Durfy, CEO of Nutritional High. About Nutritional High International Inc. Nutritional High is focused on developing and manufacturing branded products in the cannabis industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively in jurisdictions where such activity is permitted and regulated by state law. Nutritional High has brought its flagship FLT edibles and vape product lines from production to market in various markets including Colorado where its award winning FLT products are manufactured. The Company signed a purchase agreement for California-based OutCo Labs and is expected to close this acquisition in the near term. The Company also owns Psychedelic Science which is working with Rangsit University in Thail and to consider the medical benefits of various psychedelic cacti. 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 and Instagram or visit www.nutritionalhigh.com. For further information, please contact: Robert Wilson Chief Financial Officer Nutritional High International Inc. 416-666-4005 Email: rwilson@nutritionalhigh.com
Just like money in the bank or even better, IF AUSA goes from $0.44 to $1.00 we made roughly $5,500,000.00 above and beyond the originally returned capital. If EAT is smart they will sell the shares in a slow orchestrated fashion and maybe even hold to the point that they can make enough money to do a small NCIB (Normal Course Issuer Bid). You could easily reduce the share count with a portion of the money. Either way whether they do a NCIB or use the money to remove debt or as operation cash they are sitting in a MUCH BETTER position than they were 5 months ago. So the News keeps rolling in and the share price seems to be stagnant....This will continue until those that are buying can't buy anymore at these levels. Pyscologically it stresses folks out and they feel like lemmings...do they jump or not. This is where you need to say I'm not a lemming...I'm an investor and I'm here for the long game because there are eny bags if I stay long........
You need to stay long to get bidders to come up....you also need to have enough patience to see daily prices equate to a bag a day....once it gets going that will be the result. This is the reason your seeing that floor at 2 cents...bidders are building huge holdings and when they decide they want to turn that into a massive pile of money they will bring the price up on their own.....why wouldn't they...someone sitting on 30-40 million shares at 2 cents would have no problem buying another 5 million at 2.5 cents....or buying another 5 million at 3 cents..you get the idea...once others see the price get into the teens they will sell those 50-60 million shares they bought and walk away with 5-7 times their investment. The things you have to ask yourself are..... am I a lemming, do I have enough fortitude to hold for more than a few pennies (or 1 bag) or do I want 6-9 bags or more....... Is it like watching wall paper dry??????...YES IT IS....but no one said making money was easy and fast....I'm sure that the folks that bought in the $0.005 and $0.01 range thought it would never go up...BUT IT DID.....so get some STEEL and remember your here to make REAL money.
old_dog