Nhale Inc. (NHLE) Revenues Set to Eclipse $30M in 2015 Pending Current Deal Closures
Nhale has announced that its revenue projections are expected to exceed $30 million in 2015 in large part due to deals currently under consideration in states where recreational marijuana is legal. Nhale is currently pursuing transactions in Washington State, Colorado and Oregon for grow operations with this combined deal flow if all of them come to fruition.
Lance Williams, President and CEO of Nhale, commented, “Nhale’s entry into the legal marijuana cultivation market could not come at a better time. Incredible demand is creating big opportunity and driving new solutions.” He also said, “Nhale is positioning itself as an effective, long-term strategic partner, with dedicated focus and the leadership capability to develop and carry out plans.”
Legal marijuana growers account for $14 billion a year in sales in California alone. According to TIME, this sales figure makes it the state’s most valuable cash crop. As reported in a study by researcher Jon Gettmen, PH.D, in Oregon, marijuana is the state’s second-largest cash crop behind apples.
“We are encouraged to have these significant growth opportunities and believe they are a tribute to the professional advantages we bring to the table. We look forward to working with these companies and growing along with the industry as marijuana transforms into a legal commodity throughout the U.S.”
Nhale™ is a U.S. company actively pursuing acquisition opportunities in the rapidly expanding marijuana industry. NHLE is focused on acquiring companies with proven business models positioned to make a significant impact within the medical and recreational cannabis market. The company brings operating talent, tools and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value.
For more information on the company visit www.nhaleinc.com/investors.html
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