Nhale, Inc. (NHLE) Expertise and Know-How Sought by Strain Cannabis Producer
Nhale has been asked to share its industry insight on a planned recreational marijuana cultivation and production facility. The company anticipates revenues to top $21 million in the first two years of operation. The offer comes at a time when NHLE continues its pursuit of acquisition targets while simultaneously focusing its efforts at evaluating opportunities in a variety of states where marijuana is legal and decriminalized.
The inquiring company seeking Nhale’s input brings previous longstanding experience in the cultivation and commercialization of medical marijuana accompanied by wide and deep skills necessary for creating superior, in-demand strains of cannabis in the marketplace. The founder of the company has been recognized on an international level and has numerous awards for quality strains to its name. Leveraging a major cultivation and production facility at a currently leased pilot retail space, this company of note boasts the capacity to output specialty and designer products at lower costs which in turn should result in higher margins.
Lance Williams, President and Chief Executive Officer of Nhale, Inc., speaking on the prospects of the proposed collaboration, said, “We are very pleased to have been tapped by this vertically integrated cannabis manufacturer and we are impressed by their premium, award-winning product.” He further commented, “This firm has the requisite skills and experience to gain solid market share and respond to consumer demands, as legalization throughout the country continues to expand.”
Supporting overall public sentiment on the legalization of marijuana, a recent national survey by Pew Research Center indicates that 75 percent of Americans believe the eventual sale and use of legal marijuana is imminent on a nationwide scale. This opinion is even held among those within the ranks of the opposition.
In accordance with its mission to acquire companies with proven business models in the legitimate cannabis industry, Nhale is considering acquisitions in other legal states. The company brings operating know-how, tools and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships while aiming to increase shareholder value.
For more information on the company, visit www.nhaleinc.com/investors.html
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