HOUSTON, TX--(Marketwired - December 22, 2014) - Nhale Inc. (OTCQB: NHLE) today announces it is expanding its acquisition efforts toward the swelling medical marijuana space following the execution of a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group. The medical marijuana sector has experienced a surge in industry revenue thanks to favorable legislation toward growing and distributing cannabis for medical purposes. Furthermore, consumer trends in favor of legitimizing the use of alternative medical treatments have boosted the demand for these products.
Expected to top $2.3 billion this year, the U.S. market for medical cannabis is projected to exceed $10 billion by 2018, according to ArcView.
"As a highly regulated industry where licenses are constantly on the line, brands must establish strong protocols and skills. Nhale is poised to leverage its talent, resources and leadership to become a premier mover in the industry," said Lance Williams, President and CEO of Nhale. "With a growth rate of 38% since 2011, the medical marijuana market offers enormous opportunities for our highly experienced team to successfully collaborate with the sector's most robust start-ups."
Four Twenty Investments is focused on the financing and strategic investments of medical marijuana and similar companies involved in the cannabis industry. Nhale will utilize the proceeds of the financing to complete its intended acquisitions of revenue generating medical and recreational marijuana operations in states where it has been legalized.
About Nhale, Inc. (OTCQB: NHLE)
Nhale™ is a U.S. company actively pursuing acquisition opportunities in the rapidly expanding marijuana industry. Nhale acquires companies with proven business models positioned to make a significant impact within the medical and recreational cannabis market. NHLE 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 further information visit http://nhaleinc.com/investors.html
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.
Image Available: http://www.marketwire.com/library/MwGo/2014/12/22/11G029087/Images/MultimediaAsset1-649465537.jpg