Nutritional High Announces Notice of Meeting of the Senior Unsecured Convertible Debentures Due March 14, 2021 and Annual General and Special Meeting of the Shareholders
Toronto, Ontario–(Newsfile Corp. – April 27, 2020) – Nutritional High International Inc. (CSE: EAT) (OTCQB: SPLIF) (“Nutritional High” or the “Company“) announces that it has provided notice that it will hold a meeting of the senior unsecured convertible debenture holders on June 24, 2020. Further the Company has provided notice that it will hold an annual general and special meeting of the shareholders on July 8, 2020.
The meeting of the senior unsecured debentureholders will be held for the purpose of approving amendments to the terms that will provide for immediate conversion at the market price. Further details of this proposal will be provided in the management information circular available on or about June 3, 2020.
The annual general and special meeting of the shareholders will be held for the purpose of approving the financial statements for the periods ending July 31, 2018 and 2019, the appointment of the auditor, appointment of directors and approval of a share consolidation. Further details of these matters will be provided in the management information circular available on or about June 8, 2020.
“The conversion of unsecured debt and share consolidation are critical steps in our strategic review and necessary as we improve our capital structure and reposition Nutritional High into higher margin, branded manufacturing,” commented John Durfy, CEO of Nutritional High.
About Nutritional High International Inc.
Nutritional High is focused on developing and manufacturing branded products in the cannabis industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively in jurisdictions where such activity is permitted and regulated by state law.
The Company has a strategy for acquisitions in extraction, production and sales sectors of the cannabis industry. Nutritional High has brought its flagship FLÏ™ edibles and extracts product line from production to market through its wholly owned subsidiaries in various markets including Colorado where its FLÏ™ products are manufactured by Palo Verde, LLC.. In California, the Company distributes products through its wholly owned distributor Calyx Brands Inc.
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 and Instagram or visit www.nutritionalhigh.com.
For further information, please contact:
Chief Financial Officer
Nutritional High International Inc.