Track topics on Twitter Track topics that are important to you
TORONTO, ONTARIO -- (Marketwired) -- 07/22/15 -- Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE: NHL)(OTCQB: SPLIF) is pleased to announce the introduction of a hemp based Cannabidiol ("CBD") infused line of products and the appointment of Anne Marie Youhana as the VP of Product Development and Quality Control.
CBD Product Line
Nutritional High's CBD products will consist of chocolate, chews and hard candies infused with oil extracted from the hemp plant containing high levels of CBD content but no active levels of THC. To affect the launch of the CBD product line in a cost-effective and timely manner, the Company will utilize a turnkey contract manufacturer who will produce products based on the Company's formulations and in this regard is testing products with an award winning chocolate manufacturer. The Company has also secured several reliable sources of hemp oil for its products. Nutritional High will apply the oil extraction and infusion expertise it has built for the THC-based products with respect to the CBD Product Line, which also involves processing of cannabinoid compounds. Given these synergies, management expects to launch its initial CBD products this fall. More detail will be released as the roll-out timing is finalized.
Since the contemplated products contain less than 0.3% THC, they can be distributed through conventional distribution means which can appeal to new groups of consumers across the United States. The Company is pursuing several distribution strategies in this regard, which include online (through networks of retail web-sites), retail (dispensaries where the THC products are sold, head shops, vitamin stores and independent grocers via direct sales and distributors) and multi-level marketing.
David Posner, CEO of Nutritional High commented - "Our CBD products will mirror the THC brands which we're working to launch in Colorado and other states, and will allow us to generate near term revenue and build our brands as we advance our efforts in Colorado. The CBD line of products will allow us to demonstrate that we can deliver quality and consistently dosed products and begin to create brand profile and loyalty. At the same time, our efforts to build out the facility in Pueblo, Colorado, are on schedule and we look forward to working with Palo Verde to launch THC products in the near future."
Appointment of Anne Marie Youhana as VP of Product Development and Quality Control
Nutritional High is pleased to announce the appointment of Anne Marie Youhana as VP of Product Development and Quality Control, effective August 1, 2015. Anne Marie was introduced to the Company by Billy Morrison, director of the Company with whom she co-managed The Union Collective in California, which was one of the most successful cannabis collectives in the United States. She was responsible for introducing a variety of edible recipes (including cupcakes, cookies, loaves, cakes, candies, superfood granola, and chews) and developed proprietary recipes for cannabis butter and cookies using various infusion and preparation techniques. Anne Marie was also instrumental in developing the facilities for Capstone Analytical where she procured the lab location, ordered and set up all the lab equipment, assisted with the creation of testing standards, as well as developing home testing kits.
Anne Marie has worked informally with the Company over the past month with Billy Morrison and David Posner to assist in the development the hemp-based CBD-infused edibles, and she is formally joining the team on August 1, 2015.
According to the terms of the consulting agreement, the Company will issue to Anne Marie 83,333 shares in the capital of the Company ("Common Shares"). Additionally, the Company's board has approved for issuance 250,000 stock options ("Stock Options"). Each Stock Option is exercisable into Common Shares at a price of $0.10 per Common Share for a period of five years from the date of issuance.
Melissa Parks is expected to remain with the Company and will work closely with Anne Marie and the Company to develop and launch its products.
About Nutritional High International Inc.
Nutritional High is primarily focused on developing, acquiring and designing products and brands in the marijuana-infused edible products and oil extracts sectors for medical and adult recreational use. The Company works exclusively in U.S. states where such activity is permitted and regulated by state law, through entities which hold a valid license to produce marijuana-infused edible products and to distribute, and dispense marijuana products.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC, NOR ITS REGULATIONS SERVICES PROVIDER 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.Contacts: Nutritional High International Inc. David Posner CEO (647) 985-6727 NEXT ARTICLE
Within medicine, nutrition (the study of food and the effect of its components on the body) has many different roles. Appropriate nutrition can help prevent certain diseases, or treat others. In critically ill patients, artificial feeding by tubes need t...
The Top 100 Pharmaceutical Companies
Top 10 biotech and pharmaceutical companies worldwide based on market value in 2015 2015 ranking of the global top 10 biotech and pharmaceutical companies based on revenue (in billion U.S. dollars) Johnson & Johnson, U.S. 74...