Nhale today announces 2014 has been an exciting year for the company.
Nhale’s business viewpoint includes the firm belief that innovation
drives profitability, especially for growth-stage organizations entering
emerging industries. This belief continues to guide the company as it
partners, develops and sells leading edge consumer-oriented products
primed for rapid commercialization. This thought process will continue
to move Nhale forward as it looks towards the future.
Nhale’s review of its results and plans for the future included:
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The company’s accomplishments
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Nhale’s strategic partnerships
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The next steps
Nhale’s accomplishments
Nhale entered into the vaporizing space with a revolutionary product at
a competitive price, the portable Nhale vaporizer pen in a multi-use
kit. The market for these products is growing rapidly and is estimated
to have more than 2.5 million consumers in the U.S. alone.
Nhale’s all-purpose set includes everything needed to vaporize dry
herbs, waxes, e-liquids and oils. Comparable to much higher priced vape
pens, the Nhale vaporizer features interchangeable parts for dry leaf
material and a glass chamber for essential oils and concentrates in an
elegant, lightweight pen-style vape.
In July 2014, Nhale brought a new distributor on board who placed an
initial 10,000-unit order and since has signed a variety of retailers
who will sell Nhale’s vape pen kits, including twelve new retail
locations in Greater Houston.
“Nhale has developed a considerable number of partnerships with
retailers within a short time, positioning the company as a viable
competitor in the market,” said Lance Williams, President and CEO of
Nhale. He added, “It was gratifying to find innovative companies that
share the same vision as Nhale, allowing the resulting synergies to
begin moving us to the forefront.”
Nhale’s strategic partnerships
Strategic partnerships have played an important role in Nhale’s growth
objectives. In June 2014, Nhale was present at the first Weedstock
Cannabis Investor Conference in Colorado. There the company made
numerous connections with market leaders and explored business
prospects. This significant conference was a great opportunity for Nhale
to explore how the industry is evolving and helped the company identify
opportunities to gain a larger footprint in this rapidly expanding
market.
Williams said, “Nhale will continue to form strategic relationships and
partnerships that are in line with our business model. I believe this is
the strategy that will assist Nhale in gaining momentum in a very
competitive industry and most importantly contribute to shareholder
value.”
The next step
Nhale has experienced success with the Nhale vaporizer pen and the
company is now shifting focus to a larger area of the space. With the
help of industry experts, the company is currently exploring other
innovations in the legal marijuana market that will set Nhale apart.
Nhale vaporizer pens will still be available through its retail partners.
Nhale’s focus is shifting to cultivation, one of the most promising
industry trends, and the company is immediately entering the grow
container technology space. Grow containers are climate-controlled
indoor agricultural chambers designed to create an ideal year-round
growing environment. The containers provide consistency in the
cultivation process, crucial to the exacting requirements of the
exploding medical-grade cannabis market. “We are confident this change
will allow for more business flexibility and increase the potential for
company growth,” said Williams.
Through strategic partnerships and engaging in responsible business
operations, Nhale is poised to become a leading provider of cultivation
systems. The company’s success can only strengthen as more state
legislatures legalize marijuana. As it grows, Nhale will stay true to
its mission of providing consumers improved and more versatile options
over existing products, offering its products in a responsible manner
and maintaining the highest ethical standards in all business endeavors.
Williams said, “This will be a developing story and we plan to keep
shareholders aware of our progress through periodic media releases.”
“We believe innovation is the key to success, and we are excited about
what Nhale will be able to accomplish in 2014 and beyond. We are pleased
with our accomplishments, our partnerships and most importantly our
future,” Williams added.
About Nhale, Inc. (OTCQB: NHLE)
Nhale™ is a technology company that plans to launch commercial products
in the consumer space while focusing on two significant trends occurring
in the U.S. and around the world:
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The adoption of vaporizing and electronic cigarettes, or ecigs, by the
world's 1 billion+ smokers, and
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The decriminalization and legalization of marijuana for medicinal or
recreational purposes.
More information about Nhale is found at www.nhaleinc.com
and www.sec.gov.
Forward-Looking Statements
Certain information provided in this press release constitutes
forward-looking statements. The words "anticipate", "expect", "project",
"estimate", "forecast" and similar expressions are intended to identify
such forward-looking statements. The reader is cautioned that
assumptions used in the preparation of such information, although
considered reasonable at the time of preparation, may prove to be
incorrect. Actual results achieved during the forecast period will vary
from the information provided herein as a result of numerous known and
unknown risks and uncertainties and other factors. You can find a
discussion of those risks and uncertainties in our EDGAR securities
filings with the Securities and Exchange Commission. Such factors
include, but are not limited to: general economic, market and business
conditions; fluctuations in the marijuana market; the results of product
development and the result of our efforts to develop strategic
relationships, partnerships and potential acquisitions that are in line
with our business model; outcome of partnership negotiations; the
uncertainty of market estimates; changes in environmental and other
regulations; risks associated with retail operations; and other factors,
many of which are beyond the control of the Company. There is no
representation by Nhale that actual results achieved during the forecast
period will be the same in whole or in part as those forecast. Except as
may be required by applicable securities laws, Nhale assumes no
obligation to publicly update or revise any forward-looking statements
made herein or otherwise, whether as a result of new information, future
events or otherwise.
Copyright Business Wire 2014