TORONTO, ONTARIO–(Marketwired – July 25, 2016) – Nutritional High International Inc. (the “Company” or “Nutritional High“) (CSE:EAT)(OTCQB:SPLIF)(FRANKFURT:2NU) is pleased to announce board and management changes.
The Company has appointed Jim Frazier as its Chief Executive Officer. Mr. Frazier has, over the last several months, been leading the Company’s build out and business roll out efforts in Colorado as Nutritional High’s Chief Operating Officer. Mr. Frazier replaces David Posner, who had been appointed as Executive Chairman of the Board. Mr. Posner will continue to provide leadership and a guiding vision for Nutritional High in this new role. Mr. Posner has replaced Statis Rizas, who has resigned as a Chairman and the director of the Company. Mr. Rizas had served as Chairman and Director of the Company since Nutritional High was founded in 2014. The Company thanks Mr. Rizas for his service and wishes him well in his future endeavors
David Posner, Chairman, commented – “I would like to thank Jim Frazier for taking on this expanded role. We have been very impressed with Jim’s business acumen and his practical approach in managing the Company’s role out in Colorado. He has been very effective at reducing costs and ensuring that we are in a position to meet our critical milestones as we move to commence operations in Colorado. I look forward to working with Jim to continue developing and executing opportunities for Nutritional High.”
Incoming CEO Jim Frazier commented – “I would like to thank David Posner and the rest of the board for their confidence in me. We have achieved quite a bit over the past few months and have much work to do to execute on our plans in Colorado, Illinois and other jurisdictions. I look forward to continue working with the team to lead Nutritional High, as it transitions into commercial operations stage.”
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, 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.
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.