Nutritional High International Inc. Ordinary Shares SPLID

News Flash

[Marski101]

Toronto, Ontario--(Newsfile Corp. - March 24, 2021) - Nutritional High International Inc. (CSE: EAT) ("Nutritional High" or the "Company") is pleased to announce the full repayment of the indebtedness due from Green Therapeutics LLC ("GT"). Upon completion of the first part of the acquisition of GT by Australis Capital Inc. ("Australis"), announced today, GT's indebtedness due to Nutritional High has been repaid plus accrued interest and a 10% premium. In accordance with the settlement and release agreement signed on January 6, 2021, GT has transferred to the Company 9,267,341 exchangeable shares, exchangeable into common shares of Australis, subject to certain trading volume restrictions. "We congratulate Green Therapeutics and Australis on the closing of their transaction. Duke Fu and his team at Green Therapeutics are top notch and we know they will have great success with Terry Booth and his new team at Austr alis. The repayment of the Green Therapeutics debt will provide us with significant resources to grow our business in Colorado, Oregon and California," stated John Durfy, CEO of Nutritional High. About Nutritional High International Inc. Nutritional High is focused on developing and manufacturing branded products in the cannabis industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively in jurisdictions where such activity is permitted and regulated by state law. Nutritional High has brought its flagship FLT edibles and vape product lines from production to market in various markets including Colorado where its award winning FLT products are manufactured. The Company signed a purchase agreement for California-based OutCo Labs and is expected to close this acquisition in the near term. The Company also owns Psychedelic Science which is working with Rangsit University in Thail and to consider the medical benefits of various psychedelic cacti. For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter and Instagram or visit www.nutritionalhigh.com. For further information, please contact: Robert Wilson Chief Financial Officer Nutritional High International Inc. 416-666-4005 Email: [e-mail]

[old_dog]

Just like money in the bank or even better, IF AUSA goes from $0.44 to $1.00 we made roughly $5,500,000.00 above and beyond the originally returned capital. If EAT is smart they will sell the shares in a slow orchestrated fashion and maybe even hold to the point that they can make enough money to do a small NCIB (Normal Course Issuer Bid). You could easily reduce the share count with a portion of

[GrahamB]

Perhaps this may take a run just on technicals at some point, but in the long run what will this company do? They have just saddled themselves with millions more of debt and they are already bordering on insolvency. Don't forget the facts and buy if you are willing to take high risks with a very uncertain return  Yes this could run up, as many stocks do for a short period-after all that

[smartinvestor9]

Maybe you should take a look at the recent quarterly instead of using the old one.

[GrahamB]

Yes-saw those-similar summary listed below-although improved Still, I focused on the audited finacials first-I trust those more, and like th yoy comparisons. Here was the key part from the most recent quarterlies As at October 31, 2020, the Company had working capital deficiency of $13,418,270 (July 31, 2020 – $20,563,341), spent $1,308,464 (2019 - $369,368) of cash for operating activities