Nhale Inc. (NHLE) Acquisition Efforts Keeping Pace with Boom Nhale Inc. (NHLE) Acquisition Efforts Keeping Pace with Booming Legal Cannabis Industry
Nhale has announced its expansion and acquisition efforts aimed at the sharp, upward trending medical marijuana industry following the execution of a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group. The medical marijuana sector is currently experiencing a surge in industry revenue due in large part to legislation toward growing and distributing cannabis for medical purposes. Consumer trends in favor of legitimizing the use of alternative medical treatments has sparked unprecedented demand for these products.
In a report from ArcView, the U.S. market for medical cannabis is projected to exceed $10 billion by 2018 and eclipse $2.3 billion this year.
Mr. Lance Williams, President and CEO of Nhale, noted, “As a highly regulated industry where licenses are constantly on the line, brands must establish strong protocols and skills. Nhale is poised to leverage its talent, resources and leadership to become a premier mover in the industry. With a growth rate of 38% since 2011, the medical marijuana market offers enormous opportunities for our highly experienced team to successfully collaborate with the sector’s most robust start-ups.”
Four Twenty Investments is involved with the financing and strategic investments of medical marijuana and similar companies involved in the cannabis industry. Nhale will utilize the proceeds of the financing to complete its acquisitions of revenue generating medical and recreational marijuana operations in states where the product is legal to use.
Nhale™ is a U.S. company busy pursuing acquisition opportunities in the rapidly expanding marijuana industry. The company acquires other companies with proven business models positioned to make a significant impact within the medical and recreational cannabis market. NHLE offers in-house operating talent, tools and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships to build value for its shareholders.
For more information on the company, visit www.nhaleinc.com/investors.html
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