SPLIF: Nutritional High International (CNSX:EAT) Analysis and Research Report
2017-12-28 - by Asif , Contributing Analyst - 72 views
Nutritional High International Inc. On December 27, 2017 announce that Calyx Brands Inc. (“Calyx”), a leading distributor of cannabis products in California, has received a Medicinal – Distributor Temporary License from the California Bureau of Cannabis Control (“Temporary Medicinal Distributor License”). Nutritional High has entered into an agreement to purchase the business of Calyx (as announced in a press release on November 7, 2017). The Temporary Medicinal Distributor License will enable Calyx to distribute cannabis to licensed medical dispensaries beginning January 1, 2018.
Jim Frazier, CEO of Nutritional High, commented – “We are excited about this development as it validates our due diligence and positions Calyx to be a major player in distributing cannabis products to the California market. We are working closely with Calyx’s management team to finalize the acquisition and propel forward Calyx’s expansion efforts in California. Beginning January 1, 2018, the new regulatory landscape in California will empower well-organized and fully-licensed companies to capture market share and we believe Nutritional High and Calyx are well positioned to capitalize on this opportunity.”