Nutritional High International Inc. Ordinary Shares SPLID

Here It Is.....

[Marski101]

Nutritional High Closes Acquisition of Palo Verde 2021-03-18 11:19:12 AM ET (Newsfile Corp) Toronto, Ontario--(Newsfile Corp. - March 18, 2021) - Nutritional High International Inc. (CSE: EAT) ("Nutritional High" or the "Company") is pleased to announce the closing of the acquisition of Palo Verde LLC ("Palo Verde") previously announced on May 19, 2020. Palo Verde is a Colorado based processor and manufacturer of cannabis vape and edible products including vape cartridges, all-in-one vapes, syringes, chocolate edibles and infused pre rolls, for the recreational and medical markets. These products are sold by Palo Verde under the Company's award winning FLT brand. Final approval from both the County of Pueblo and the Colorado Marijuana Enforcement Division were received last week for the transfer of ownership of the Colorado State licenses for Infused Cannabis Processor and Retail Marijuana Products Manufacturing to a subsidiary of the Company. Further, these approvals are in satisfaction of a conditio n of closing of the acquisition which took effect on March 12, 2021. "Palo Verde has been a great partner since 2014 and was instrumental in our FLI brand winning the Leaflink, best-selling vape of the year award in 2019. Palo Verde has not had access to working capital which has limited the availability of product and revenues. With the closing of the acquisition, we plan to provide the necessary working capital to reinvigorate the FLI brand in the Colorado market and drive significant increase in revenues," said John Durfy, the CEO of Nutritional High. "As we move forward with our branded manufacturing strategy, we are also excited about our California acquisition of OutCo Labs which is expected to close shortly." Terms of the Transaction In accordance with the agreement of purchase and sale signed on May 19, 2020 between Nutritional High and the owner of Palo Verde, Nutritional High will acquire 100% of Palo Verde. Consideration for the acquisition includes a nominal cash payment and the assumption of liabilities. These liabilities include outstanding rent due to Nutritional High arising from a lease agreement for the building and equipment. In addition, Palo Verde has third party debt which will be exchanged for securities of the Company on terms to be finalized shortly. There was no finder's fee or commissions paid associated with the acquisition of Palo Verde. 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 Thailand 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: [e-mail] Caution Regarding Forward-Looking Information:

[Investor2017Up]

Won't move the SP higher than what it is now.

[Marski101]

I think your right there, but it definitely gives awoken confidence back to the company and investors that things are slowly turning around, it's a matter of time at this point for things to get moving, rather sooner then later, especially nowadays. GLTA

[Investor2017Up]

No confidence in the clowns running this show.  This was a great idea when I first heard about it.  The ticker was still NHL back then.  Since then, nothing but fluff and fumbles.  Yet they paid themselves pretty good damn salaries.  It stinks so bad! 

[DonnieSilver]

ya I agree. Diluted the shiit out of the company with many failed promises and they got paid while doing it..not much progress has been made in the 4 years I've been following these guys.

[old_dog]

DonnieSilver...these guys aren't these guys..you were following those guys and those guys are gone.....sometime you guys really get to me...go back to sleep Donnie Silver...we'll wake you when the coffee truck shows up. old_dog