HOUSTON, TX / ACCESSWIRE / February 24, 2015 / Nhale Inc. (OTCQB:NHLE) today announced it is in talks with the Oregon Cannabusiness Network (OCN), a benefit corporation, regarding a collaborative effort to acquire legal marijuana grow and production operations in that state. OCN helps Oregon owned companies prepare for licensing, assists with growth plans and provides exit strategies. Nhale intends to acquire the companies through its wholly-owned company Nhale Oregon Inc.
The collaboration under consideration will involve the acquisition of multiple wholesale grow operations and dispensaries and combining them under one name. Cost savings and competitive advantages will be provided by OCN such as centralized accounting, regulatory compliance, security, lab services, best practices, and union affiliation.
"As a benefit corporation, OCN has the freedom to use the power of business to help solve the social and environmental challenges that this new market will bring, and take actions that are in the best interests of the people of Oregon as well as its bottom line," said Lance Williams, President and CEO of Nhale. "We support this new definition of success in business, and encourage creating shared and durable prosperity through this program."
As part of the project, Nhale's acquired companies would be commercialized through OBN's holistic, functioning entity, allowing them to benefit from OBN's nearly 200 years of combined team member expertise and positioned to meet and maintain all licensing requirements.
In November 2014, Oregon voters approved Measure 91, legalizing the possession, private use and cultivation of marijuana by adults 21 and older. The measure will take effect on July 1, 2015 and lawmakers are now in the process of finalizing the rules governing production, processing and selling of marijuana.
About Nhale, Inc. (OTCQB: NHLE)
Nhale(TM) is a U.S. company actively pursuing acquisition opportunities in the rapidly expanding marijuana industry. Nhale acquires companies with valid 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.
Contact
Nhale, Inc.
Lance Williams, President and CEO
281-671-6877
SOURCE: Nhale, Inc.