Nutritional High International, Inc. (OTCQB: SPLIF) is engaged within the development and distribution of cannabis-based products. Shares of the cannabis company are climbing 28.91%, through early trading on Wednesday, November 8, 2017. Over the past month, Nutritional High International, Inc. has seen average daily volume of 218,167 shares. However, volume of 266,919 shares or dollar volume of $45,109, has already exchanged hands on the day.
Shares of Nutritional High International, Inc. are climbing today, after the company announced that it has entered into an agreement with Xanthic Biopharma, Ltd. to manufacture and distribute their line of cannabis beverages in Colorado. Here is the full press release detailing of the partnership:
Nutritional High International, Inc. Press Release:
TORONTO, Nov. 08, 2017 (GLOBE NEWSWIRE) — Nutritional High International, Inc. (the “Company” or “Nutritional High“) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce that it has entered into an agreement with Xanthic Biopharma Ltd. (“Xanthic“) to manufacture and distribute their innovative cannabis-infused powdered drinks and other products in Colorado.
Nutritional High will sublicense Palo Verde LLC to manufacture the products. Nutritional High also expects to launch the Xanthic products in Oregon, Washington, California, and other jurisdictions in the future.
Xanthic is a Toronto-based life sciences company which develops high quality THC and CBD infused products with a focus on alternative delivery methods to enable consistent and precise dosing of active ingredients. At present, Xanthic has developed the following product formulations, which it intends to launch in Colorado as a part of Phase I:
- “Rescue Drink” – a water-soluble powder which uses a CBD-based formulation combined with other non-cannabis ingredients to offset the negative effects of a THC overdose.
- Cannabis-Infused Fruit Drinks – cannabis-infused beverage powder allows for hydration and inflammation relief in a flavorful and convenient format that is easily dissolved in water.
- Cannabis-Infused High-Performance Sport Drink – a CBD-based formulation targeted towards serious athletes who seek an added boost to their workout routine and understand the benefits of cannabis, but seek a non-combustible option.
Subsequent to Phase I, Xanthic also intends to introduce an additional 12 SKUs of products, including:
- Cannabis-Infused Hot Chocolate – a beverage perfectly suited to be consumed after an active day of outdoor winter activity, which upgrades the experience to soothe inflamed muscles and provide relaxation, all in a discreet cup of hot chocolate; and
- Cannabis-Infused Protein Supplement – a combination of cannabinoids and whey protein to help athletes recover while activating the endocannabinoid system.
Xanthic and its subsidiaries and employees are not licensed by the Marijuana Enforcement Division of the State of Colorado and shall only provide services that are compliant with the Medical Marijuana Code, the Colorado Retail Marijuana Code, the Code of Colorado Regulations 1 CCR 212-1,2, and local and municipal regulations pertaining to the licensing and operation of regulated marijuana establishments. Manufacturing of the cannabis-infused products will only be done by badged Palo Verde employees.
Jim Frazier, CEO of Nutritional High, commented – “We’re very excited to partner with an innovative branding company that operates at the forefront of the cannabis space. Xanthic’s unique product offering will enable Nutritional High to broaden its product portfolio, strengthen its relationships with retailers and capitalize on additional capacity at our state-of-the-art Pueblo facility. We expect that once the equipment is installed, Palo Verde will be immediately able to add 4 new SKUs to its product offering, thereby augmenting its attractiveness as a supplier of high quality products to dispensaries in Colorado. Additionally, Xanthic’s desire to partner with Nutritional High reflects our industry leading pedigree for cannabis oil extraction and the attractiveness of our platform for emerging brands.”
About Nutritional High International, Inc.
Nutritional High International, Inc. 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.
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, Instagram and Google+ or visit www.nutritionalhigh.com.
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.