Nutritional High Announces Extension of Letter of Intent to Acquire Nevada-Based Green Therapeutics
TORONTO, June 05, 2018 (GLOBE NEWSWIRE) — Nutritional High International Inc. (the “Company” or “Nutritional High”) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) would like to announce it has agreed to the extension of its previously announced non-binding letter of intent (“LOI”) to acquire a 75% interest in Green Therapeutics LLC (“Green Therapeutics”), one of the premier innovators and established producer/processors within the cannabis space in the State of Nevada (the “Acquisition“) (see press release dated March 13, 2018). As per the terms of the extension, the date of termination of the LOI has been extended to June 15th, 2018.
“We remain to consummating this acquisition and are excited about this business venture with Green Therapeutics, as we view this as an opportunity to establish ourselves in the rapidly growing cannabis market of Nevada, and add some key talent to our management team,” said Jim Frazier, CEO of Nutritional High. “Nevada’s cannabis market has seen tremendous growth in the past year and we are excited to introduce Nutritional High’s FLI products to the Nevada market and to further expand Nutritional High’s and our partner’s brands throughout the US.”