Nutritional High International Inc. Ordinary Shares SPLID

Nutritional High recent pullback is a buying opportunity.

[MrElectrician]

By Jim Bloom Posted on January 24, 2018 COMMENTS Nutritional High International Inc (OTCMKTS:SPLIF) share price has pulled back from all-time highs of $0.94 after we made the case on why the company was an emerging cannabis play. Amidst the pullback, we remain bullish about the stocks prospects, given the catalysts behind the recent run. Price Analysis After being in consolidation over the past one year, Nutritional High appears to have found its way in the cannabis space seen by the recent spike in price. The stock is currently trading at the $0.62 handle in a strong uptrend. A pullback from highs of $0.94 appears to be a minor correction which could pave the way for another record high. SPLIF Daily Chart Nutritional High faces immediate resistance at the $0.7 handle, above which it could make a push for the 52-week high of $0.94. On the downside, immediate support is at the $0.42 handle, below which the stock could drop to the $0.21 handle, another critical support level. Given the recent development, it goes without saying that Nutritional High has positioned itself for further gains, as it pushes for market share in the fast growing cannabis business. Before we look at the catalysts likely to push the stock to new record highs let us look at what the company does in its pursuit of shareholder value. Nutritional High Business Overview Based in Toronto Canada, Nutritional High specializes in the business of developing, manufacturing and distributing marijuana-infused products as well as marijuana concentrate products. The company operates in jurisdictions that have legalized the medical and recreational use of marijuana. It owns subsidiaries that hold valid licenses for the production and distribution of marijuana-infused products in those locations. Calyx Acquisition Increased investors activity on the stock has to do with the announcement that the company is set to complete the acquisition of Calyx Brands Inc. The purchase is a significant coup as it will strengthen the companys grip on Californias fast-growing marijuana business. Calyx is a leading distributor of cannabis products in California. The company has received a Temporary Medicinal Distributor License that paves the way for it to start distributing cannabis to licensed dispensaries in the state. Also, the company has received a Temporary Recreational Distributor license that will allow it sell marijuana for recreational use. We are working closely with Calyxs management team to finalize the acquisition and propel forward Calyxs expansion efforts in California. Beginning January 1, 2018, the new regulatory landscape in California will empower well-organized and fully-licensed companies to capture market share and we believe Nutritional High and Calyx are well positioned to capitalize on this opportunity, said CEO Jim Frazier. The two licenses pave the way for Nutritional High to capitalize on the expected growth brought about by the legalization of adult recreational use. The proposed merger should allow the company to accelerate market penetration of its branded portfolio of cannabis-infused products. Also, Nutritional High has agreed to finance TKO Products LLC, a manufacturer of award-winning cookies, brownies, and chocolate and vape cartridges to the cannabis market. The products are currently available in a number of dispensaries throughout California. Under the agreement, Nutritional High is to provide TKO LLC all the capital needed to complete expansion into a new facility near Los Angeles. The partnership should propel the company to full state distribution by the end of the year as it also eyes the legal adult use recreational market. The partnership should also enhance Nutritional High vision, of becoming one of the leading Cannabis Company in the state as it also sets its eye expanding its footprint throughout the U.S. We are excited that the relationship with Nutritional High will allow us to increase our production capacity to expand throughout California. The new licensing system being set up in California will allow us to utilize a distribution model to immediately enter markets that were previously out of reach for us, said Stacy Loucks, co-founder of TKO Products LLC commented. Cash Balance Nutritional High cash book has received a significant boost after entering into an agreement with Canaccord Genuity Corp and Gravitas Securities Inc. Pursuant to the agreement, the company is to issue up to $10 million worth of convertible debenture units at a price of $1000 per Convertible Debenture Unit. Nutritional High has also granted agents an option to arrange for the sale of an additional $5 million worth of convertible debentures. The company intends to use net proceeds from the offering to finance new acquisitions that it hopes will help strengthen its position in the legal cannabis business. Part of the funds is also to be used for capital projects as well as general corporate purposes. Bottom Line Focusing on California recreational and medical marijuana market is a smart move for Nutritional High given its size and expected growth. The new acquisition and partnerships should allow the company to accrue a substantial amount of market share leading to more revenues thus more shareholder value.

[gr8shot]

Thanks good read! I'm small SH of both EAT vs GLH - any opinions? GLTA gr8shot

[Cedronius]

just hope GLH can handle the debt there old CEO left them and have better debt management in the future... cuz if not noone will want to touch them.