TORONTO, Feb. 01, 2018 (GLOBE NEWSWIRE) -- Nutritional High International Inc. (the "Company"
or "Nutritional High") (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce that TKO Products LLC
(“TKO”), a leading marijuana infused edibles manufacturer in California, has received notification from the City
of Long Beach that it has advanced to the final review stage of the Medical Marijuana Business License Application process.
TKO Products LLC is a leading infused edibles brand in California known for award-winning cookies, brownies,
chocolate, crispy treats and vape cartridges. Nutritional High has entered into an agreement to finance TKO (the
“Investment”) along with an option to purchase an interest in the TKO business (as announced in a press release on
January 2, 2018).
The City of Long Beach requires cannabis companies to secure a marijuana business license, pursuant to which,
TKO has applied for approval to engage in extraction using mechanical methods, infusion processes, edible products manufacturing
and packaging of cannabis products. The application process consists of 7 stages before issuance of license and TKO has been
notified that it’s application has advanced to the final stage.
Jim Frazier, CEO of Nutritional High, commented - “We are excited about this development as it validates our due
diligence. We’re pleased to see that TKO is advancing towards securing the requisite regulatory approvals to continue operating its
business. We are continuing to work closely with TKO’s management team to finalize the Investment and support TKO’s expansion
efforts in California. Leveraging the TKO brand will broaden the scope of Nutritional High’s portfolio of cannabis infused
products and further cement our position in California.”
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing premium and consistently dosed
products in the cannabis-infused products industry, including edibles and oil extracts for nutritional, medical and adult
recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and
regulated by state law.
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, Instagram and Google+ or visit www.nutritionalhigh.com.
For further information, please contact:
David Posner, Chairman of the Board
Nutritional High International Inc.
647-985-6727
Email: dposner@nutritionalhigh.com
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES
PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations.
These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown
risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from
those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe
and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient
financing to complete the Company's business strategy. There is no certainty that any of these events will occur.
Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will
prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the
"U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account
or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities
Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an
offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any
jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results,
performance or achievements to be materially different from any future results, performance or achievements expressed or implied by
the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by
this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to
publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results,
events or developments, except as required by law.
