Nutritional High received a $2 million conditional lease commitment for the funding of new extraction and lab processing equipment from Veterans Capital.
The terms of the deal are as follows:
Nutritional High intends to use the lease line of credit to purchase equipment for the following projects:
Closing of the lease line of credit is subject to certain conditions including, but not limited to, the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Canadian Securities Exchange and execution of definitive agreements.
Jim Frazier, CEO of Nutritional High, said, “We are pleased to continue our working relationship with Veterans Capital and look forward to deploying these funds to enhance the technological footprint of our facilities in the US. These additions will help us to continue executing the roll out of our strategic plan in California and our other targeted markets. Having access to this capital allows us the flexibility to pursue opportunities that can generate maximum value for our shareholders.”
Nutritional High develops, manufactures and distributes products in the cannabis industry, with a specific focus on edibles and oil extracts for medical and adult recreational use.
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