TORONTO, ONTARIO–(Marketwired – Nov. 10, 2016) – Nutritional High International Inc. (the “Company” or “Nutritional High“) (CSE:EAT)(CSE:EAT.CN)(CNSX:EAT)(OTCQB:SPLIF)(FRANKFURT:2NU) wishes to congratulate the voters in the states, which have successfully passed measures to legalize cannabis for medical or adult recreational use.
Jim Frazier, CEO of Nutritional High commented – “We are witnessing a truly historical moment as the days of cannabis prohibition are coming to an end. We are excited with the plethora of new opportunities that passage of ballot measures presents, especially the successful passage of Proposition 64 in the State of California, which has effectively created the largest legal cannabis market in the United States. Residing in the State of Florida, I am also excited about the passage of Amendment 2, which legalized medical cannabis for patients suffering from debilitating diseases. We look forward to replicating the model we’ve built in Colorado in other states as well.”
Proposition 64 has successfully passed with 56% of the voters voting in its favor, which has legalized cannabis for recreational use in the State of California. The Company continues to pursue opportunities in the state in line with the strategy outlined in our press release dated November 2, 2016.
The States of Massachusetts, Nevada and Maine have passed the ballot measures, which legalized cannabis for recreational use. Nutritional High continues to monitor the regulatory framework that is being enacted as a result of these measures and expects to provide updates to our shareholders as they materialize.
Breaking ground in the medical cannabis market, we also congratulate the voters in the states of Florida, Arkansas and North Dakota, which have passed
Also a key development in our flagship State of Colorado, and specifically the Pueblo County, where voters have defeated Propositions 200 and 300, which would have banned all adult use cannabis businesses in the county. We look forward to Palo Verde launching its MIPs facility in short order and to working with Palo Verde’s team in in making a significant contribution to the local economy.
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.
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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.