Significant Catalyst at Its Newly Acquired OutCo Business Toronto, Ontario--(Newsfile Corp. - October 22, 2021) - Nutritional High International Inc. (CSE: EAT) ("Nutritional High" or the "Company") (soon to be renamed High Fusion Inc.) is pleased to announce that the San Diego County Board of Supervisors conducted a second reading and affirmed, by a 4-1 vote, a series of changes specific to the five current cannabis operations running in the unincorporated area of San Diego County.
The board voted to:
- Allow all five operators to sell recreationally
- Allow the sale and manufacture of edible products
- Allow for expansion and build-out on existing properties
- Allow transferability of licenses
- Develop a social equity program for the county
- Create a new ordinance over the next 18-24 months, with input from the five operators
Source: San Diego County Board of Supervisors: https://bosagenda.sandiegocounty.gov/cob/cosd/cob/doc?id=0901127e80da8d00
The licenced entities which are controlled by Nutritional High; Downwind 27, Inc. (aka Outliers Collective) and San Diego Natural Inc., will be the major beneficiaries of these changes. Lincoln Fish, CEO of OutCo, which sold the businesses to Nutritional High and is part of the Company's management team, stated, "Today represents the culmination of a five-year effort. This forward-thinking board realized that cannabis is now an integral part of our community. This recreational designation will allow the Company to expand both dispensaries and double the cultivation space to service a much broader community. It's a very exciting day and a very long time coming."
"Recreational cannabis sales in California reached an estimated US$4 billion in 2020 which represents over 5 times the size of the medicinal market in the state," stated John Durfy, CEO of Nutritional High. (Source: Headset, Marijuana Business Daily, University of California). "With the approved changes to the ordinance we will have the opportunity to address a much larger portion of the population of the county. In addition, new licences are not expected to be issued until the county rewrites the ordinance and incorporates a full social equity program, as such, we will control two of only five licences in the county until that happens."
About Nutritional High International Inc.
Nutritional High, to be rebranded High Fusion, is focused on developing and manufacturing branded products in the cannabis industry with a specific focus on flower, pro-rolls, vapes, edibles and oil extracts for medical and adult recreational use. The Company operates and controls licences in California, Colorado and Oregon.
Nutritional High has manufacturing, retail and grow operations in California through its acquisition of the business of OutCo, and owns and operates oil extraction and edible manufacturing facilities in Colorado and Oregon. The Company's brand portfolio includes its award winning FL™ edibles and vape product, along with a number of new brands including Red Octopus and Dubbi Brothers in addition to the OutCo and Thrive brands recently acquired.
The Company also owns Psychedelic Science which is taking steps to investigate the medical benefits of various psychedelic cacti. This division is working toward developing intellectual property for the treatment of diseases with high unmet medical needs.
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.