Connect with us

BUSINESS

Nutritional High International Inc. (OTCMKTS:SPLIF) Gives An Update On Operations And Funding Of Palo Verde

Published

on

Nutritional High International Inc. (OTCMKTS:SPLIF) has provided an update about Palo Verde’s operations and funding which is the licensed occupier at the West Pueblo, CO campus.

Palo Verde received Retail MIPs license renewal

Last year Palo Verde was in the process of getting a renewal of its manufacturer license for retail marijuana products and it received it in October by settling with Colorado’s Revenue Department the Marijuana Enforcement Division. As part of the retail manufacturer’s licence renewal, Palo Verde was expected to find another financing option for its promissory notes that it entered with the company.

Palo Verde obtained financing of around $250,000 from a a new lender that is unrelated to Palo Verde and the company and has already submitted the necessary requirements for MED approval. In compliance with MED requirements and in line with the loan the company has since assigned its previous Palo Verde note to the new lender. All previous agreements between wholly owned subsidiaries of the company and the tenant will still remain in effect.

The agreements include the lease agreement that requires Palo Verde to lease the Pueblo Facility and the packaging distribution agreement which requires Nutrition High to supply Palo Verde with FLI-branded packaging.

New PV Loan will not affect business arrangements

The New PV Loan will not affect the basis of working of the company with Palo Verde in any material way but it nonetheless offers certainty in terms of business arrangement relative to the regulatory framework of the MED. Palo Verde and the company expects to get access to more funding from the net proceeds of the new loan and capability of expanding the licensed premises at Pueblo campus.

Nutritional High CEO Adam Szweras stated that the company was delighted with the progress that Palo Verde has made in expanding its footprint in Colorado. He added that the company’s strategic relationship allows it to increase its visibility of the FLI brand.

Currently, Palo Verde produces edibles and concentrates using proprietary oil processing technique that utilizes VTA scale machinery and short-path distillation.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading
Advertisement

BUSINESS

Australis Capital Inc (OTCMKTS: AUSAF) to Acquire Outstanding Shares of BW Macaw Group, Inc and Professional Bull Riders Announce Multi-year Agreement

Published

on

Australis Capital Inc (OTCMKTS: AUSAF) announced that the group has recently entered into a binding sheet agreement. As per the deal, the group will acquire 100% of both issued and outstanding shares of BW Macaw Group, Inc.

BW Macaw Group, Inc (Herbs) has inked an agreement with EAZE

In the backdrop of the developments, it has come to light that Herbs has inked a distribution agreement with EAZE. The latter is the most significant legal cannabis delivery and distribution company based out of California. Besides this, the group has two contract manufacturers ready to start the production process of the company’s range of products in California. Besides holding a retail license which is a part of a contemplated transaction, it has come to light that Herbs’ business license also gives the freedom to cultivate, manufacture and distribute cannabis products.

More details about the transaction

A sum of US$5 million is the contemplation for the transaction. The amount is payable in stock. The deemed value is calculated using a 10-day volume-weighted average price (VWAP). Once the transaction is completed, it is learned that the company will issue a total of close to 22.6 million shares. The group does not intend to take any long-term debt. 

Australis Capital Inc and Professional Bull Riders Announce multi-year agreement 

Australis Capital Inc announced that the group has entered into a multi-year agreement with Professional Bull Riders. The company operates as AUDACIOUS. The partnership is official, and AUDACIOUS is named the “Official CBD of Professional Bull Riders.” The group will work closely with PBR, which is the world’s leading bull riding organization.

Launch of full PBR-endorsed line of topical CBD products on the cards

The partnership has paved the way for the launch of a full PBR-endorsed line of topical CBD products. The range of products includes pain relief and recovery products manufactured from ingredients such as menthol and lidocaine. The products will be made available as roll-on, gel, and also in spray formats. In addition, AUDACIOUS is all set to launch the new product portfolio of its CBD product line under the Wreck Relief brand name.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Halo Collective Inc (OTCMKTS: HCANF) Completes Sale of Common Shares for Approximately C$20 Million, and Company Launches Two Premium Cannabis Strains in Oregon

Published

on

Halo Collective Inc (OTCMKTS: HCANF) announced that it had completed its at-the-market equity financing program. Also known as the ATM program, the company sold as many as 43 million common shares of the group. The sale was made between May 4, 2021, and September 17, 2021. The common shares of the corporate house were sold for a total value of approximately C$20 Million. The distribution of the company’s common shares under the ATM program was done adhering to the equity distribution agreement dated May 4, 2021. 

Here’s how the group plans to use net proceeds

It has come to light that the group plans to use the net proceeds generated from the ATM program for corporate purposes. For example, the company could use the net proceeds to repay its debts; it could be used as working capital or capital expenditures. 

In partnership with DNA Genetics, Halo Collective Inc announces two premium cannabis strains in Oregon

In a strategic partnership with DNA genetics, Halo Collective Inc has announced the official launch of Ztrawberriez and four prophets’ premium cannabis flower. Of these, the first two strains, which are created in celebrating with DNA Genetics to develop DNA Genetics brands by breeding, growing, and processing, will be launched in Oregon. Additionally, the award-winning genetics will be made available at all leading dispensaries in Oregon.

The partnership can result in introducing new strains in the coming quarters

Strawberries and 4 Prophets, the two most sort-after strains of DNA flower, were co-branded with DNA Genetics and were subsequently launched in the Oregon market in August. The sales of the two strains have been good, and this has motivated Halo and DNA Genetics to join hands and work on introducing additional strains. Through the partnership, it is anticipated that new strains will be launched in the coming quarters.

DNA Genetics was established in 2004 and developed high-quality seeds by taking a technical, professional, and ethical approach. Halo Collective Inc is a vertically integrated cannabis company involved in the cultivation, extraction, manufacturing, and distribution of cannabis flowers, oils, and concentrates.

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

BUSINESS

Aleafia Health Inc (OTCMKTS: ALEAF) Appoints David Pasieka to Board of Directors, and Stereo Vision Entertainment Inc (OTCMKTS: SVSN) Has David Waite as Independent Director

Published

on

Aleafia Health Inc (OTCMKTS: ALEAF) announced that the group had appointed David Pasieka to its board of directors. Meanwhile, the group also announced the departure of director Mike LeClair. It is learned that Pasieka has credit experience in finance, audit, risk management, and ESG. Before this new appointment, Pasieka has taken the position of an entrepreneur in residence at the MaRS Discovery District.  

Pasieka will serve both management and the board

On behalf of Aleafia Health Inc, Mark J. Sandler, chair of the company’s board of directors, wished the outgoing director LeClair good luck in his future endeavors. In addition, Sandler welcomed Pasieka and expressed that Pasieka holds a professional track record as a leader who aims to take the business to the next level of growth and help serve the board and the management of the group. The chair of the company’s board of directors is confident that the team will strengthen the group’s position in medical and commercial markets. 

Aleafia Health Inc is a licensed Canadian cannabis company that offers a range of cannabis health and wellness services and products in Canada. In addition, the group has a presence in the international market. 

Stereo Vision Entertainment Inc (OTCMKTS: SVSN) announces David Waite as Independent Director

Stereo Vision Entertainment Inc (OTCMKTS: SVSN) conveyed that its board of directors has unanimously elected David Waite as Independent Director. In addition, Waite of Waite Enterprises LLC is appointed on the StereoVisions Board of Directors for Stereovisions planned uplisting to the OTCQB, it is learned.

CEO of the group Jack Honour welcomed Waite as Independent Director to StereoVisions Board and added that Waite has his credit experience in sales consulting. It is also learned that Waite has donned many hats before taking up the new responsibility assigned to him. He has served as a consultant for state and federal government agencies in sectors including banking, industry, and financial services. Stereo Vision Entertainment Inc is a Nevada publicly traded company. 

*Past performance is not a predictor of future results. All investing involves risk of loss and individual investments may vary. The examples provided may not be representative of typical results. Your capital is at risk when you invest – you can lose some or all of your money. Never risk more than you can afford to lose.By submitting your information you agree to the terms of our Privacy Policy • Cancel Newsletter Any Time.This is a FREE service from Finacials Trend. Signing up for our FREE daily e-letter also entitles you to receive this report. We will NOT share your email address with anyone.
Continue Reading

Trending Stories