OTCPK:SPLID - Post by User
Post by
chappelleon Dec 27, 2017 6:46pm
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Post# 27234389
Palo Verde
Palo Verde For those of you still trying to understand the relationship between Nutritional High and Palo Verde, I found this on Sedar describing their involvement with Palo Verde:
State of Colorado – West Pueblo Project In the State of Colorado, licensed cannabis businesses are subject to Residency Requirements, which preclude Nutritional High and its subsidiaries from having an interest in any proceeds from production, processing, or retailing activities. Nutritional High has a lease agreement and loan agreements with Palo Verde LLC (“Palo Verde”), a Licensed Operator in Colorado, and is negotiating other commercial agreements with Palo Verde, including branded packaging agreements. The Company earns rental income, interest income and consulting income and income from non-cannabis products, from Palo Verde, which has recently commenced production of cannabis oil. Accordingly, Nutritional High is a landlord, lender and consultant, and a licensor of its FLI brand in Colorado and ensures that all products under the FLI brand and Nutritional High brand meet or exceed the Company’s brand quality and standards. Palo Verde sells vape pen cartridges to dispensaries and expects to launch the sale of other cannabis-infused products in short order such as gelatine caps, disposable vape pens, dab sticks, and various edibles as developed by the Company. In this regard, the Company is also finalizing a materials and packaging agreement to provide its intellectual property including recipes, branding, packaging and other know-how to Palo Verde, including the right to use its FLI Brand. The Company anticipates entering into such agreement with the Palo Verde in 2017.