TORONTO, ONTARIO--(Marketwired - March 24, 2017) - Nutritional High International Inc. (the "Company" or "Nutritional High") (CSE:EAT)(CSE:EAT.CN)(OTCQB:SPLIF)(FRANKFURT:2NU) wishes to clarify the Colorado sales update press release made on March 17, 2017.
Palo Verde LLC ("Palo Verde"), the Company's licensed tenant in Colorado, has advised that the order of FLI cartridges that was destined to be delivered to LivWell has not transpired. Palo Verde has not delivered the cartridges and will direct the cartridges to other customers in short order. The order had been conveyed to Palo Verde by a third party sales group who falsely processed the order as being destined to LivWell, and had represented that LivWell had approved the use of its name in the March 17, 2017, press release. The sales group in question is no longer associated with Palo Verde and legal action is being considered against the third party sales group.
Palo Verde continues to manufacture oil and we expect that in addition to its bulk oil manufacturing, Palo Verde will have the FLI cartridges demonstrated in the images in the press release dated March 17, 2017, on the shelves for consumers in Colorado in short order.
Representatives of the Company and Palo Verde have been in close communication with senior management representatives of LivWell to resolve this issue and we apologize for any confusion this has caused. As we work to overcome these challenges we remain confident that the Company and Palo Verde will be successful in developing its relationship with LivWell and that through the proper channels will move forward in developing a strong business relationship.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products and nationally recognized brands in the hemp and marijuana-infused products industries, including edibles and oil extracts for nutritional, medical and adult recreational use. The Company works exclusively through licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter, Instagram and Google+ or visit www.nutritionalhigh.com.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. Such statements include submission of the relevant documentation within the required timeframe and to the satisfaction of the relevant regulators, completing the acquisition of the applicable real estate and raising sufficient financing to complete the Company's business strategy. There is no certainty that any of these events will occur. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration, or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance, or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law.