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Nutritional High (SPLIF) Appoints COO & Completes Refinancing

Ryan Allway

April 28th, 2016

News, Top Story

[stockchart symbol=SPLIF]

Nutritional High International Inc. [stockquote symbol=SPLIF], a developer, manufacturer, and distributor of nationally recognized brands in the hemp and marijuana-infused product industries, recently announced the appointment of Jim Frazier as its Chief Operating Officer and the closing of an $800,000 refinancing of its Colorado property. These two developments mark a key turning point for the company as it moves closer to revenue generation.

Mr. Frazier has over 23 years of experience in the food industry and a proven track record of developing and implementing branded and private label programs. In the past, he has worked with Evans Food Group as Senior Vice President and helped more than double revenue at GKI Foods as Chief Operating Officer. He will be responsible for overseeing the buildout of the company’s Colorado facility and assist its licensed tenant in production and sales.

The closing of an $800,000 refinancing provides the company with the capital necessary to push these developments forward. Under the terms of the agreement, the lender provided $600,000 for the completion of certain construction and improvements at the Colorado facility with an additional $200,000 earmarked for the buildout of a commercial kitchen. The debt financing and institutional equity financing from Kodiak puts the company on strong financial footing.

In addition to the activity in its Colorado facility, the company has been working closely with Canopy Growth Corp. [stockquote symbol=TWMJF] in evaluating different extraction processes and their variant components with a focus on maximizing oil extract yield for the cannabis plant. Canopy Growth is the largest producer of medical marijuana and related products under Canada’s Marijuana for Medical Purposes Regulations (MMPR).

For more information, visit the company’s website at www.nutritionalhigh.com.

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.

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