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Nutritional High Becomes DTC Eligible & Cancels New Mexico Acquisition

Ryan Allway

June 3rd, 2015

News, Top Story

[stockchart symbol=SPLIF]

Nutritional High International Inc. [stockquote symbol=SPLIF], a developer of marijuana-infused products for medical and recreational use, recently announced that its stock became DTC eligible for trading on the OTCQX stock exchange. The electronic clearing designation accelerates the settlement process for investors and enables the stock to trade on wider selection of brokers, which in turn could help increase liquidity over the long-term.

In addition to securing DTC eligibility, the company announced that it has elected not to proceed with the previously announced acquisition of an interest in Zephyr Management Inc., a management company providing services to Sacred Garden, a licensed medical marijuana producer in New Mexico. The decision was impacted by numerous considerations, including larger opportunities, acquisition costs, and related factors.

“Given the small size of the New Mexico market in relation to the costs to acquire Zephyr, to build out its grow capabilities, and to build out our edibles facility using the quality control dosing methods we have been, we have decided to focus our financial resources on other pipeline opportunities,” said Nutritional High International Inc. CEO David Posner in a recent press release discussing these recent developments.

“Nutritional High will instead focus on executing its business plan in states which have either approved adult (recreational) marijuana use or medical marijuana states which are more populous. To this end, in addition to operationalizing our existing assets in Colorado and Illinois, we have selected five other states in which to focus our development efforts and we are seeing significant progress on those fronts. We may also consider lower cost entry points into New Mexico in the future,” he added in the same press release.

Finally, the company announced that it was taking action to wind up its legacy clinic business, which is operated under its 51% owned subsidiary, Eglinton Medicinal Advisory Inc., following its decision to become a pure play focused exclusively on the U.S. edibles and infused marijuana products market.

Shares of Nutritional High International Inc. were unchanged on Wednesday, June 3, 2015 in early hours.

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.

Disclaimer: 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. Emerging Growth LLC dba TDM Financial, 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. Emerging Growth LLC dba TDM Financial, 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. Emerging Growth LLC dba TDM Financial, 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/.

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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.

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