Toronto, Ontario – October 21, 2019 – Nutritional Higher International Inc. (“Nutritional Higher” or the “Corporation“) (CSE: Consume, OTCQB: SPLIF) is pleased to announce that it has entered into a 5-year binding framework agreement (the “Agreement”) with Golden Triangle Wellness Corporation Ltd. (“Golden Triangle”) to manufacture and distribute branded solutions in North America, efficient straight away. To start, Golden Triangle customers will import solutions to the US to be infused and packaged.
Golden Triangle is a Thailand-primarily based well being and wellness corporation with a powerful household of brands (the “Clientele”) such as Smooth-E, P80 Organic Essence, Siang Pure Oil, SLC Clinic and the Classic Thai Herbal Association. Golden Triangle is actively soliciting more brands from Asia to its portfolio particularly with the objective of manufacturing and distributing CBD and Cannabis infused solutions in North America and as soon as permitted, in Asia and Europe. Nutritional Higher will be accountable for delivering North American market place assessments for the Clients’ solutions, and for these solutions chosen will be accountable for infusion, packaging, promoting, distribution and sales of these solutions in jurisdictions exactly where they are legal.
Solutions targeted for import currently have a powerful following in Asia and will initially involve: P80 Organic Essence, an all-all-natural Longan juice clinically confirmed to enhance sleep and created making use of an exclusive manufacturing method Siang Pure Oil Red, a topical oil derived from 100% all-natural herbal components and developed to relieve a variety of bodily discomforts such as aches and insect bites and Smooth-E Facial Cream, encouraged 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 Classic Thai Herbal Association to bring more brands and solution lines to North America. SLC Clinic is the top provider of skin care options in Thailand and the Classic 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 Corporation will obtain a sales charge totaling 35% of gross sales, as properly as a charge for every single initial solution assessment plus applicable expenditures. The Corporation will obtain 75% of the sales charge and Golden Triangle will obtain 25%. As consideration for getting into into the Agreement, Nutritional Higher has issued 1,050,000 widespread shares of the Corporation to Golden Triangle.
“We are proud to have attracted Golden Triangle as a crucial strategic companion to permit us to be a initially mover in Asian focused solutions, and ultimately in Asia,” commented Nutritional Higher CEO, Adam Szweras. “Golden Triangle is licensing effective solutions all through Asia and this partnership permits us to leverage our in depth distribution network and robust manufacturing footprint for a brand-new emerging category with restricted danger.”
The partnership amongst Golden Triangle and Nutritional Higher is a outcome of the collaborative efforts amongst the Corporation and Tom Kruesopon. Primarily based in Thailand, Mr. Kruesopon is a political operator and businessman who played a significant part 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 nonetheless in its infancy but there are a plethora of possibilities in North America,” added Mr. Kruesopon. “Nutritional Higher is constructing a powerful brand providing and combined with their current infrastructure, is the fantastic companion for Golden Triangle’s foray into North America. The reverse is accurate as properly. As we see the cannabis sector mature in Thailand and the rest of Asia, Nutritional Higher will have a committed 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 certain concentrate on edibles and oil extracts for health-related and adult recreational use. The Corporation functions exclusively with licensed facilities in jurisdictions exactly where such activity is permitted and regulated by state law.
The Corporation follows a vertically integrated model with a completely created method for acquisitions in extraction, production, sales, and distribution sectors of the cannabis sector. Nutritional Higher has brought its flagship FLÏ™ edibles and extracts solution line from production to market place via its wholly owned subsidiaries in California and Oregon, as properly as Colorado exactly where its FLÏ™ solutions are manufactured by a third-celebration licensed producer. In California, the Corporation distributes its solutions and solutions manufactured by other top producers via its wholly owned distributor Calyx Brands Inc. and is getting into the Nevada, Washington State and Canadian markets in the close to future.
For updates on the Company’s activities and highlights of the Company’s press releases and other media coverage, please stick to Nutritional Higher on Facebook, Twitter and Instagram or pay a visit to www.nutritionalhigh.com.
For additional info, please get in touch 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 well include forward-seeking statements and info primarily based on existing expectations. These statements should really not be study as guarantees of future efficiency or outcomes. Such statements involve recognized and unknown dangers, uncertainties and other things that may well result in actual outcomes, efficiency or achievements to be materially unique from these implied by such statements. The statements relate to prospective market place expansion and the use of the proceeds of the Providing. Dangers that may well have an influence on the capability for these events to be accomplished involve completion of due diligence, negotiation of definitive agreements and receipt of applicable approvals. While such statements are primarily based on management’s affordable assumptions, there can be no assurance that such assumptions will prove to be right. 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 danger things which could result in the Company’s actual outcomes, efficiency or achievements to be materially unique from any future outcomes, efficiency or achievements expressed or implied by the forward-seeking info contained herein. All forward-seeking info herein is certified in its entirety by this cautionary statement, and the Corporation disclaims any obligation to revise or update any such forward-seeking info or to publicly announce the outcome of any revisions to any of the forward-seeking info contained herein to reflect future outcomes, events or developments, except as needed by law. Some of the dangers and other things that could result in actual outcomes to differ materially from these expressed in forward-seeking info expressed in this press release involve, but are not restricted to: getting and preserving regulatory approvals such as acquiring and renewing U.S. state, nearby or other licenses, the uncertainty of current protection from U.S. federal or other prosecution, regulatory or political adjust such as modifications in applicable laws and regulations, such as U.S. state-law legalization, market place and common financial circumstances of the cannabis sector or otherwise.