Become A Featured Company

Nutritional High: Lakeside Progress Translates to Near-term Opportunities

Ryan Allway

May 31st, 2017

News, Top News

The U.S. cannabis industry is expected to surpass $50 billion by 2026, according to Cowen & Co., driven by the ongoing legalization of medical and recreational marijuana. States like Colorado and Washington have pioneered recreational legalization, but others like California and Nevada could prove instrumental in growing it. Investors looking for exposure to the space may want to consider companies building out a nationwide footprint.

In this article, we will take a look at Nutritional High International Inc.’s (CSE: EAT) (OTC: SPLIF) agreement with Lakeside Minerals Inc. and its progress in building medical and adult-use cannabis facilities in Nevada and Colorado.

Building Cannabis Facilities

Nutritional High International entered into a letter of intent with Lakeside Minerals Inc. on February 22, 2017 to build medical and adult use cannabis cultivation facilities in Nevada and Colorado. The deal was designed to enable the company to focus its efforts on high-margin cannabis oils and extracts, while reducing the capital expenditures associated with its cultivation efforts to help preserve and grow long-term shareholder value.

Under the terms of the deal, the company will assign Lakeside its right to acquire a Provisional Marijuana Cultivation License issued by the Nevada Division of Public and Behavior Health in exchange for US$500,000, as well as establish a joint venture to purchase the Henderson Property that will then be leased at an agreed price per square foot. The company will also receive one million shares of stock in Lakeside with the rights to secure more.

The company will immediately benefit from reduced capital expenditures for its Nevada project, and reduced product distribution costs. Over the long-term, the partnership is expected to ensure a consistent and high quality supply of trim without the capital costs associated with growing the plant. This will enable the company to focus on high-margin oils and extracts rather than commoditized cultivation.

Making Significant Progress

As for the Colorado portion of the Lakeside deal, Nutritional High recently announced that its Pueblo, Colorado operations were advancing at a solid pace. Since February, the Palo Verde team has been focused on advancing the production process in anticipation of radically scaling up the throughput while maintaining strong extraction yields. Palo Verde has already manufactured over 7,000 grams of cannabis oil distillate and approximately 3,000 FLI cartridges.

“We are very pleased with how the production ramp-up is progressing,” said Nutritional High CEO Jim Frazier. “The team has come a long way since commencing commercial production in late February and we look forward to our FLI Branded products building a strong consumer market presence in Colorado and nationally as Nutritional High establishes facilities in other states.”

Palo Verde has made tremendous progress in increasing THC content from the high 70% to batches over 90% with throughput that’s estimated at 20 to 40 pounds of trim per day . The average wholesale price of the FLI cartridges has been $18.00 per 0.5g cartridge, which ranges depending on the final THC content of each product. The team has also hired sales representatives to help accelerate the market penetration of their FLI Branded products.

Palo Verde will be launching three new FLI Branded products over the next 90 days. They continue to R&D the next generation of innovative and unique products that will have significant impact in the market place.

Looking Ahead

Nutritional High International Inc. (CSE: EAT) (OTC: SPLIF) has made tremendous progress in building out its facilities in Colorado while setting the stage for Nevada. In partnership with Lakeside Minerals, the company is uniquely positioned to generate near-term revenue while focusing its efforts on high-margin cannabis oils and extracts. The goal is to build a nationwide consumer brand that’s known for quality.

In addition to Lakeside Minerals, the company has also made a strategic investment in Aura Health Corp., which operates clinics in Arizona and Nevada, and continues to seek out bolt-on acquisitions and partnership opportunities in Washington, California, Pennsylvania, Arizona, Maryland, Florida, and Michigan where favorable laws exist. The team is also keeping a close eye on states and countries that are coming up on the licensing front to tie down real estate and apply for licenses.

For more information, visit the company’s website or CannabisFN’s company profile.

This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.

About Ryan Allway

Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.

Network Partners

Follow Us on Social Media

LinkedIn

About CFN Media Group

CFN Enterprises Inc. (OTCQB: CNFN) owns and operates CFN Media Group, the premier agency and financial media network reaching executives, entrepreneurs and consumers worldwide. Through its proprietary content creation, video library, and distribution via www.CannabisFN.com, CFN has built an extensive database of cannabis interest, assisting many of the world’s largest cannabis firms and CBD brands to build awareness and thrive. For more information, please visit www.cfnenterprisesinc.com.

Disclaimer: Matters discussed on this website contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time-to-time have a position in the securities mentioned herein and will increase or decrease such positions without notice. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity-based compensation in the companies it writes about, or a combination of the two. For full disclosure, please visit: https://www.cannabisfn.com/legal-disclaimer/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. CFN Media Group, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. CFN Media Group, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. CFN Media Group, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.

Copyright © Accelerize Inc. · All Rights Reserved · Privacy Policy · Legal Disclaimer

loading