Toronto, Ontario – January 28, 2020 – Nutritional High International Inc. (“Nutritional High” or
the “Company”) (CSE: EAT, OTCQB: SPLIF) provides this bi-weekly default status report in
accordance with National Policy 12-203 – Cease Trade Orders for Continuous Disclosure Defaults
(“NP 12-203”). In the Corporation’s initial default announcement of October 30, 2020 (the
“Default Notice”), the Corporation announced the delay in the filing of its audited annual financial
statements for the year ended July 31, 2020 (the “2020 Annual Financial Statements”) and
related management discussion and analysis and certifications (collectively, the “Annual Filings”)
by the prescribed filing deadline.
As previously announced in the Company’s December 1, 2020 press release of the Corporation,
the Corporation applied for and was granted a management cease trade order in respect of the
delayed Annual Filings (the “MCTO”) by the Ontario Securities Commission. The MCTO
prohibits the chief financial officer and the chief executive officer from trading in the Corporation’s
securities for so long as there are filings that are outstanding under applicable securities laws. The
MCTO does not affect the ability of the general investing public to trade in the Corporation’s listed
The audit of the 2020 Annual Financial Statements is in progress and the Corporation continues to
expect to file the Annual Filings on February 1, 2021.
The Corporation confirms that since the Default Notice: (i) there is no material change to the
information set out in the Default Notice that has not been generally disclosed; (ii) there has been
no failure by the Corporation in fulfilling its stated intentions with respect to satisfying the
provisions of the alternative information guidelines set out in NP 12-203; (iii) there has not been
any other specified default by the Corporation under NP 12-203; and (iv) there is no other material
information concerning the affairs of the Corporation that has not been generally disclosed.
Furthermore, the Corporation anticipates that its interim financial statements for the three-month
period ended October 31, 2020, the accompanying management’s discussion and analysis and the
related CEO and CFO certifications will not be filed by the prescribed filing deadline and will be
filed on or before February 22, 2021.
The Corporation will continue to comply with the provisions of the alternative information
guidelines under NP 12-203 by issuing bi-weekly default status reports in the form of news releases
for so long as it remains in default of the filing requirements set out above.
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. Nutritional High has brought its flagship FLÏTM edibles and vape product lines from
production to market in various markets including Colorado where its award winning FLÏTM
products are manufactured by Palo Verde, LLC. The Company signed a purchase agreement for
Palo Verde and is awaiting regulatory approval.
The Company also owns Psychedelic Science which is working with Rangsit University in
Thailand to consider the medical benefits of various psychedelic cacti.
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
For further information, please contact:
Chief Financial Officer
Nutritional High International Inc.
Caution Regarding Forward-Looking Information:
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. Risks that may have an impact on the ability for these events to be achieved include
completion of the 2020 Filings. 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.
The 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. Some of the risks and other factors that could cause actual results to differ materially from
those expressed in forward-looking information expressed in this press release include, but are not
limited to: obtaining and maintaining regulatory approvals including acquiring and renewing U.S.
state, local or other licenses, the uncertainty of existing protection from U.S. federal or other
prosecution, regulatory or political change such as changes in applicable laws and regulations,
including U.S. state-law legalization, market and general economic conditions of the cannabis
sector or otherwise.