Toronto, Ontario – October 21, 2019 – Nutritional Higher International Inc. (“Nutritional Higher” or the “Firm“) (CSE: Consume, OTCQB: SPLIF) is pleased to announce that it has entered into a 5-year binding framework agreement (the “Agreement”) with Golden Triangle Well being Firm Ltd. (“Golden Triangle”) to manufacture and distribute branded solutions in North America, successful right away. To start, Golden Triangle clientele will import solutions to the US to be infused and packaged.
Golden Triangle is a Thailand-primarily based well being and wellness firm with a robust family members of brands (the “Consumers”) such as Smooth-E, P80 Organic Essence, Siang Pure Oil, SLC Clinic and the Standard Thai Herbal Association. Golden Triangle is actively soliciting added brands from Asia to its portfolio especially with the objective of manufacturing and distributing CBD and Cannabis infused solutions in North America and after permitted, in Asia and Europe. Nutritional Higher will be accountable for delivering North American marketplace assessments for the Clients’ solutions, and for these solutions chosen will be accountable for infusion, packaging, marketing and advertising, distribution and sales of these solutions in jurisdictions exactly where they are legal.
Solutions targeted for import currently have a robust following in Asia and will initially include things like: P80 Organic Essence, an all-all-natural Longan juice clinically confirmed to increase sleep and created utilizing an exclusive manufacturing approach Siang Pure Oil Red, a topical oil derived from 100% all-natural herbal components and created to relieve several bodily discomforts such as aches and insect bites and Smooth-E Facial Cream, advisable by dermatologists and pharmacists to diminish scars, heal chapped skin and smooth away wrinkles. Nutritional Higher will also operate closely with SLC Clinic and the Standard Thai Herbal Association to bring added brands and item lines to North America. SLC Clinic is the major provider of skin care options in Thailand and the Standard Thai Herbal Association manufactures an array of organic herbal solutions such as meals, drinks, bath and physique, cosmetics, and skin care.
As per the Agreement, the Firm will acquire a sales charge totaling 35% of gross sales, as effectively as a charge for every initial item assessment plus applicable expenditures. The Firm will acquire 75% of the sales charge and Golden Triangle will acquire 25%. As consideration for getting into into the Agreement, Nutritional Higher has issued 1,050,000 typical shares of the Firm to Golden Triangle.
“We are proud to have attracted Golden Triangle as a essential strategic companion to let us to be a very first mover in Asian focused solutions, and at some point in Asia,” commented Nutritional Higher CEO, Adam Szweras. “Golden Triangle is licensing profitable solutions all through Asia and this partnership permits us to leverage our comprehensive distribution network and robust manufacturing footprint for a brand-new emerging category with restricted threat.”
The partnership in between Golden Triangle and Nutritional Higher is a outcome of the collaborative efforts in between the Firm and Tom Kruesopon. Primarily based in Thailand, Mr. Kruesopon is a political operator and businessman who played a significant function in advocating for cannabis legalization in his household nation. Cannabis was legalized for health-related use in Thailand in December 2018.
“The cannabis sector in Thailand is nevertheless in its infancy but there are a plethora of possibilities in North America,” added Mr. Kruesopon. “Nutritional Higher is developing a robust brand supplying and combined with their current infrastructure, is the best companion for Golden Triangle’s foray into North America. The reverse is correct as effectively. As we see the cannabis sector mature in Thailand and the rest of Asia, Nutritional Higher will have a devoted companion on the other side of the Pacific prepared to expand into Asian markets as regulations permit.”
About Nutritional Higher International Inc.
Nutritional Higher is focused on creating, manufacturing and distributing solutions beneath recognized brands in the cannabis solutions sector, with a distinct concentrate on edibles and oil extracts for health-related and adult recreational use. The Firm performs exclusively with licensed facilities in jurisdictions exactly where such activity is permitted and regulated by state law.
The Firm follows a vertically integrated model with a totally created tactic for acquisitions in extraction, production, sales, and distribution sectors of the cannabis sector. Nutritional Higher has brought its flagship FLÏ™ edibles and extracts item line from production to marketplace by way of its wholly owned subsidiaries in California and Oregon, as effectively as Colorado exactly where its FLÏ™ solutions are manufactured by a third-celebration licensed producer. In California, the Firm distributes its solutions and solutions manufactured by other major producers by way of its wholly owned distributor Calyx Brands Inc. and is getting into the Nevada, Washington State and Canadian markets in the close to future.
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For additional data, please make contact with:
Chairman of the Board
Nutritional Higher International Inc.
E-mail: [email protected]
Director, Investor Relations
Nutritional Higher International Inc.
E-mail: [email protected]
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This news release may possibly include forward-searching statements and data primarily based on present expectations. These statements must not be study as guarantees of future overall performance or benefits. Such statements involve recognized and unknown dangers, uncertainties and other things that may possibly lead to actual benefits, overall performance or achievements to be materially diverse from these implied by such statements. The statements relate to prospective marketplace expansion and the use of the proceeds of the Providing. Dangers that may possibly have an influence on the potential for these events to be accomplished include things like completion of due diligence, negotiation of definitive agreements and receipt of applicable approvals. Despite the fact that such statements are primarily based on management’s affordable assumptions, there can be no assurance that such assumptions will prove to be appropriate. We assume no duty to update or revise them to reflect new events or situations.
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Furthermore, there are recognized and unknown threat things which could lead to the Company’s actual benefits, overall performance or achievements to be materially diverse from any future benefits, overall performance or achievements expressed or implied by the forward-searching data contained herein. All forward-searching data herein is certified in its entirety by this cautionary statement, and the Firm disclaims any obligation to revise or update any such forward-searching data or to publicly announce the outcome of any revisions to any of the forward-searching data contained herein to reflect future benefits, events or developments, except as necessary by law. Some of the dangers and other things that could lead to actual benefits to differ materially from these expressed in forward-searching data expressed in this press release include things like, but are not restricted to: acquiring and preserving regulatory approvals such as acquiring and renewing U.S. state, neighborhood or other licenses, the uncertainty of current protection from U.S. federal or other prosecution, regulatory or political transform such as alterations in applicable laws and regulations, such as U.S. state-law legalization, marketplace and common financial circumstances of the cannabis sector or otherwise.