Nhale Inc. (NHLE) Delivers Letter of Intent to Washington St Nhale Inc. (NHLE) Delivers Letter of Intent to Washington State Outdoor Marijuana Grower
Nhale has announced that it delivered a letter of intent to an outdoor marijuana grower in the state of Washington. The profitable grower is a licensed producer known for helping supply the sharp upward trending demand for legal marijuana in that state as a result of retail recreational marijuana stores opening for business last summer.
The Washington grower and others who produce marijuana legally have received autumn’s first outdoor harvest which yielded at least a doubling of revenue from August. Retailers are excited to see the product – so eagerly waited for, begin to satisfy market demand.
With marijuana that is grown outdoors being more likely affected by traditional agricultural farming variables such as pests and wind damage, the yields are much higher and have a tendency to cost less since growers do not have to pay for the sunlight. Estimated at $1.03 billion annually, marijuana is the state’s second-largest cash crop, close behind apples, according to a study by researcher Jon Gettman, Ph.D.
Lance Williams, President and CEO of Nhale commented, “The financials submitted to us by this grower have encouraged us to take our evaluation to another level. We see a solid operation within a very controlled business environment, and great potential for increasing revenues through an addition of operating capital and business resources.” In step with Nhale’s mission to acquire companies with valid business models in the legitimate cannabis industry, it is active in seeking and evaluating prospective acquisitions in Washington, Colorado and Canada. As of late, the company signed a letter of intent to explore the commercial metrics of a prospective Oregon grower.
Nhale is a U.S. company actively pursuing acquisition opportunities in the upward trending marijuana industry. Nhale endeavors to acquire companies with legitimate business models strategically poised to make positive impacts within the medical and recreational cannabis market. The company’s strengths include operating talent and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For more information on the company visit www.nhaleinc.com/investors.html
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