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Nutritional High International Inc. Ordinary Shares SPLID

High Fusion Inc is engaged in the manufacturing, processing, and distribution of infused edible products. The company's operating and geographical segments include Palo Verde; Pasa Verde; Oregon; Colorado; Nevada and Washington. It generates maximum revenue from the Palo Verde segment.


OTCPK:SPLID - Post by User

Comment by Fastlane2on Jan 17, 2018 12:58pm
140 Views
Post# 27378231

RE:RE:RE:RE:Interesting NEws

RE:RE:RE:RE:Interesting NEwsWell stated Pythagore, Colorado is relevant and trust me if EAT comes out and states that their license will not be approved this share price drops like a stone. Take the time and read this again, these guys are all over the map with dilution, more shares printed out of thin air. Under the provisions of Medicinal and Adult-Use Cannabis Regulation and Safety Act ("MAUCRSA"), which has taken effect on January 1, 2018, companies that are involved in cultivation, manufacturing, distribution and retailing of cannabis products must hold a valid license that is issued by requisite local municipal authorities and a temporary license issued by California Bureau of Cannabis Control. As disclosed in the press releases dated December 20 and December 27, the Company's FLI-branded products are manufactured by a company in the San Francisco Bay area ("CA Manufacturer"), and are sold to licensed dispensaries by Calyx, both of which have demonstrated requisite compliance with local municipal and state regulations. At this time, the Company has entered into intellectual property and a supply agreement to provide non-cannabis materials to the CA Manufacturer to allow them to manufacture FLI-branded products. The products are then sold to Calyx which distributes the products to licensed dispensaries in California. Stock Option Grants and Share Issuances The Company has issued an aggregate of 178,571 common shares of the Company ("Common Shares") at a deemed issuance price of $0.42 per share in consideration for consulting services. In addition, the Company has issued 150,000 Common Shares to an employee pursuant to an employment agreement and granted 500,000 options to purchase Common Shares, each of which is exercisable at $0.58 per Common Share, and vesting 1/3 per year on each of the next three anniversaries of the grant date.
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