DustinF wrote:
NUTRITIONAL HIGH ENTERS INTO PARTNERSHIP IN ASIA – SIGNS EXCLUSIVE
AGREEMENT WITH GOLDEN TRIANGLE TO BRING FAMILY OF BRANDS TO NORTH
AMERICA
Toronto, Ontario – October 21, 2019 – Nutritional High International Inc. ("Nutritional High" or the
"Company") (CSE: EAT, OTCQB: SPLIF) is pleased to announce that it has entered into a five-year
binding framework agreement (the “Agreement”) with Golden Triangle Health Company Ltd. (“Golden
Triangle”) to manufacture and distribute branded products in North America, effective immediately. To
begin, Golden Triangle clients will import products to the US to be infused and packaged.
Golden Triangle is a Thailand-based health and wellness company with a strong family of brands (the
“Clients”) including Smooth-E, P80 Natural Essence, Siang Pure Oil, SLC Clinic and the Traditional Thai
Herbal Association. Golden Triangle is actively soliciting additional brands from Asia to its portfolio
specifically with the purpose of manufacturing and distributing CBD and Cannabis infused products in
North America and once permitted, in Asia and Europe. Nutritional High will be responsible for providing
North American market assessments for the Clients’ products, and for those products selected will be
responsible for infusion, packaging, marketing, distribution and sales of those products in jurisdictions
where they are legal.
Products targeted for import already have a strong following in Asia and will initially include: P80 Natural
Essence, an all-natural Longan juice clinically proven to improve sleep and made using an exclusive
manufacturing process; Siang Pure Oil Red, a topical oil derived from 100% natural herbal ingredients and
designed to relieve various bodily discomforts such as aches and insect bites; and Smooth-E Facial Cream,
recommended by dermatologists and pharmacists to diminish scars, heal chapped skin and smooth away
wrinkles. Nutritional High will also work closely with SLC Clinic and the Traditional Thai Herbal
Association to bring additional brands and product lines to North America. SLC Clinic is the leading
provider of skin care solutions in Thailand and the Traditional Thai Herbal Association has proprietary
formulations for an array of organic herbal products including food, drinks, bath and body, cosmetics, and
skin care.
As per the Agreement, the Company will receive a sales fee totaling 35% of gross sales, as well as a fee for
each initial product assessment plus applicable expenses. The Company will receive 75% of the sales fee
and Golden Triangle will receive 25%. As consideration for entering into the Agreement, Nutritional High
has issued 1,050,000 common shares of the Company to Golden Triangle.
“We are proud to have attracted Golden Triangle as a key strategic partner to allow us to be a first mover
in Asian focused products, and eventually in Asia,” commented Nutritional High CEO, Adam Szweras.
“Golden Triangle is licensing successful products throughout Asia and this partnership allows us to leverage
our extensive distribution network and robust manufacturing footprint for a brand-new emerging category
with limited risk.”
The partnership between Golden Triangle and Nutritional High is a result of the collaborative efforts
between the Company and Tom Kruesopon. Based in Thailand, Mr. Kruesopon is a political operator andbusinessman who played a major role in advocating for cannabis legalization in his home country. Cannabis
was legalized for medical use in Thailand in December 2018.
“The cannabis industry in Thailand is still in its infancy but there are a plethora of opportunities in North
America,” added Mr. Kruesopon. “Nutritional High is building a strong brand offering and combined with
their existing infrastructure, is the perfect partner for Golden Triangle’s foray into North America. The
reverse is true as well. As we see the cannabis industry mature in Thailand and the rest of Asia, Nutritional
High will have a dedicated partner on the other side of the Pacific ready to expand into Asian markets as
regulations permit.”