Nutritional High International Inc. Ordinary Shares SPLID

It is better to cut costs now than later , good move

[mtgfree1]

Nutritional High commented – "Calyx has spent a lot of time and energy building a full-service distribution model driven by the needs of a single customer.  Without this concentration in our customer base, Calyx will focus on onboarding our newly signed brand customers into a more cost efficient distribution model.   We believe that this will allow Calyx to achieve a cash flow-positive business with lower revenue for the benefit of Nutritional High and its shareholders.”
Read more at https://stockhouse.com/news/press-releases/2019/12/10/nutritional-high-announces-changes-to-its-distribution-business-and-management#1TeyAQ0kxOaoj0HZ.99

[smartinvestor9]

True and once they acquire green therapeutis and Colorado that will help us to recover some of the loss of revenue. I also believe green therapeutis is stock not cash at closing

[mtgfree1]

News said EAT eliminated costs and that will makee a better profitable business with customers Eat has 

[420man]

still need 1.7 mill plus shares etc to close GT. Don't listen to let's fly this  - never go full retard.  Pursuant to the Amending Agreement, the purchase price to acquire a 75% membership interest in GT has been reduced from US$18 million to US$9 million and excludes certain assets and the planned purchase of GT properties which had been intended for cannabis cultivation

[mtgfree1]

Excellent move to eliminate Plus from balance sheet , costs were too high to keep them.   

[oggyswain]

Hi mtgfree1, You just took it up the wazzoo, stop encouraging the management on shafting us again.

[mtgfree1]

Cost effective measures are important to build profitable business , 

[oggyswain]

Would of been nice if they built up our client base before they got rid of 80% of our sales

[mtgfree1]

Arrangements with Plus could not work , Plus is a high costs operation , 

[mtgfree1]

It's a good plan to let go expansive Plus , only cots Rat and nothing else . good move in my view 

[DustinF]

The only way I see this deal working is if we renogotiate the GT Deal to pay more cash than stock. I'm not aware of what assets they have in oregeon or washington, but they should be the first to sell. I wouldn't be disappointed if they sell the % of their facility in Pickering Ontario as well. The canadian regulatory drama is burdening the entire sector. If those funds are not enough, we

[smartinvestor9]

All that matters is if we can survive until the safe banking act passes. I think they are finally turning this ship around going towards more cash flow positive instead of massive revenue for now. I also like the fact that they decided to get assistance from eight capital to help them achieve their goal.

[oggyswain]

I hope it all works out. I would like to hear from management soon.

[letsflythis]

come on man really !! getting eight capital tells me that they are stupid as FK! if they cant see the high bonuses they forkout all the time for doing fk all !!! all they will say is cut the bonus / paid all-inclusive trips / free gas / private jets to special meetings etc...etc...etc, where they should be driving to cut cost !!! eat will just kindly show them the door !! and keep stuffing max