banx wrote: EAT has exclusivity on the edibles----gummies, hard candy and BEVERAGES.
Hmmmm....Interpolation you may have picked up on something by accident.
You pointed out a company that has rights to Jimi's Genetix but limited to California.
EAT has exclusivity for edibles under the Hendrix banner for ALL OF North America.
This stock is going nowhere but up.
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LOS ANGELES, CA--(Marketwired - Oct 13, 2016) - Purple Haze Properties last year provided an amazing opportunity to producers, cultivators, cannabis license holders and investors to produce Jimi Hendrix-related products with the launch of Jimi's Cannabis Collection.
Jimi's Cannabis Collection is divided into 3 separate divisions for each state and country worldwide. The first division is Jimi's Genetix, which consists of any products that are cannabis flowers, oils, concentrates and infused cannabis. Second is Jimi's Edibles, which fall under cannabis products that can be consumed like chocolates, candies, drinks, etc. The third division is Jimi's Meds, which encompasses cannabis products that are scientifically extracted for illness.
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TORONTO, ONTARIO--(Marketwired - March 18, 2016) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) is pleased to announce that it has amended the terms of its exclusive licensing agreement ("Agreement") with Purple Haze Properties LLC ("PHP"), under which the Company may manufacture and distribute various marijuana and hemp-infused edible products using the song titles and bearing the likeness of iconic guitarists Jimi Hendrix, as described in the Company's press release dated June 8, 2015.
The amendment provides for the early payment of the 2016 exclusivity fee and advance royalty in exchange for the issuance of 5,000,000 Common Shares of the Company to PHP at an effective price of US$0.05 per share rather than the market price as the agreement originally provided.
David Posner, CEO of Nutritional High commented "We're pleased to continue our partnership with Purple Haze Properties as we work to roll-out our products in the United States. The use of Jimi Hendrix's iconic imagery and song titles will surely attract product sampling and sales, thereby allowing us to demonstrate our superior taste, dosing consistency and quality. In particular, PHP's willingness to accept their 2016 fee at a premium to today's market price not only highlights their belief in the future viability of our company but also proves their long-term partnership with Nutritional High."
The products under license include gummies, hard candies and beverages for sale throughout North America.