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Nutritional High closes $4.2-million financing
2018-08-07 11:49 ET - News Release
Mr. David Posner reports
NUTRITIONAL HIGH ANNOUNCES CLOSING OF NON-BROKERED PRIVATE PLACEMENT OF SENIOR SECURED CONVERTIBLE DEBENTURES
Nutritional High International Inc. has closed its previously announced non-brokered private placement, consisting of $4.2-million aggregate principal amount of senior secured convertible debenture units at a price of $1,000 per convertible debenture unit. Nutritional High chief executive officer comments as follows: "We are very pleased to have closed this offering at a conversion price which is a premium to our last financing and at a significant premium to the current market price. This investor group is well known to us and has been supporters of the company since inception. This financing will be helpful as we proceed to close on the acquisitions in our pipeline and allow us to continue with our aggressive growth strategy in California, Nevada, Colorado and up the West Coast."