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.

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Nutritional High International Inc. Ordinary Shares > Hmmm...

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Comment by mrmonopolyon Nov 01, 2019 11:38am

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Post# 30297451

RE:RE:RE:RE:Hmmm...

Well it's only for 75% interest and they've shed some of the assets. Tough to say what they'll actually get out of it.

Would you not rather see them continue the distribution game in Europe with Pharmadrug? For a fraction of the cost? That has some major first mover advantage in a potentially huge market as legalization unfolds, compared to Nevada which clearly has a backlog of applications/acquisitions or it wouldn't take this long to get approvals.

LiquidOctopusV2 wrote: The takeover in escrow is enough reassurance for me. What they paid is less than the current 2 year run rate, so I don't think they overpaid. I want this deal closed because I think Nevada is a great market.

mrmonopoly wrote: Yes that may be true... but they've been telling investors "any day now" since August. They shouldn't be making claims/promises that they have no control over. EAT has more at stake than the state does and it just looks bad now, especially since they have some history of pulling out of deals.