We are taking steps to become one of the top manufacturers of cannabis oils and edibles in the State of Oregon – and in the United States.
Nutritional High was pleased to announce the acquisition of a 5,000 square foot real estate property in The City of La Pine located in Deschutes County, Oregon. The company intends to extract cannabis oil, and manufacture cannabis infused products. The initial permitting and design was focused on replicating the extraction process in Pueblo, CO, using ethanol-based primary extraction method and short-path distillation to purify the oil.
Currently, Nutritional High has received a Certificate of Occupancy from Deschutes County based on the successful inspection of its extraction facility in Oregon, bringing the company closer to receiving its recreational processing license in Oregon. The facility in Oregon is sufficient to house a robust extraction and infused product manufacturing operation and manufacture more than a dozen of product lines.
Upon fully completing Phase I construction and permitting, the Company will focus on rolling out its FLI products in the State of Oregon. Nutritional High will emulate its Colorado model, starting with bulk oil and cartridges, followed by edible and topical products.
Once the production of concentrate products has commenced, the Company will begin planning and obtaining requisite permits for Phase II (including an updated LUCS), which would be focused on manufacturing cannabis-infused edible products.
This facility will mirror many of the manufacturing and production processes as set out in Palo Verde’s facility (currently fully operational).
Nutritional High hits the jackpot in Nevada! Recently, both Nutritional High entered into a non-binding letter of intent to acquire a 75% interest in Green Therapeutics. Green Therapeutics is one of the premier innovators and established producer/processors within the cannabis space in the State of Nevada.
Green Therapeutics has a state of the art cultivation and processing facility in the Las Vegas area. They produce and sell cannabis flower and manufactured cannabis products to a number of Nevada dispensaries. In addition to producing and selling cannabis flower, Green Therapeutics manufactures the following products: Dabs, vape pens and cartridges, oral sprays, topical creams, as well as pre-rolls.
Green Therapeutics completed their first harvest and finalized construction of their laboratory in July 2016, and commenced sales of manufactured products in August 2016. Green Therapeutics is led by a professional management team with extensive pharmaceutical experience operating GMP licensed medical and recreational facilities.
In conjunction with the acquisition of the Green Therapeutics company, Nutritional High will also purchase certain lands and premises owned by Meridian Companies, a Nevada
limited liability company, consisting of cultivation facilities and parcels of land for cultivation expansion utilized by Green Therapeutics.
Green Therapeutics’ asset base includes:
– Four Nevada Licenses: 2 cultivation and 2 production facilities in Clark County & North Las Vegas
– 8,000 sq. ft. of licensed and operational cultivation/production facility in Clark County generating approximately $400k/month in recreational sales;
– Licensed 5,400 sq. ft. production laboratory in North Las Vegas with UPLC/MS and GC testing capabilities
Approved cultivation license in North Las Vegas that’s ready to move to a new high-tech greenhouse facility;
9.8 acre parcel of land to allow for expansion of over 500,000 sq. ft. of cultivation space in North Las Vegas.
The final transaction structure will be determined after each party has had the opportunity to receive legal, accounting and tax advice regarding the most appropriate structure for the proposed transaction. Nutritional High and Green Therapeutics are proceeding to expedite due diligence and move to finalize and close the proposed transaction as soon as possible.