TORONTO, Sept. 07, 2017 (GLOBE NEWSWIRE) — Nutritional High International Inc. (the “Company” or “Nutritional High“) (CSE:EAT) (OTCQB:SPLIF) (FRANKFURT:2NU) is pleased to announce an update for its medical cannabis dispensary in Effingham, IL. The Illinois Department of Financial and Professional Regulation has approved The Clinic Effingham (“TCE”) registration renewal through to August 22, 2018.
“Effingham is a great City and we are delighted our team has been awarded a renewal of registration by the State regulators,” commented Jim Frazier, CEO of Nutritional High. “Thanks to the efforts of the State of Illinois’s administration and staff we will continue to have the privilege of servicing the medical marijuana needs of Illinois patients in a responsible and compassionate manner.”
Since its grand opening in late September 2016 to April 2017, The Clinic Effingham has achieved sales of over US$600,000. The growth in sales has been due to strongly increasing patient numbers and high patient retention rates, which are a result of a diligent patient outreach program undertaken by the dispensary’s staff.
As reported by The Illinois Department of Public Health (“IDPH“) on September 6, 20171, IDPH has approved applications for approximately 24,450 qualifying patients, since it began accepting applications on September 2, 2014, and approximately 28,500 individuals have submitted a complete application to IDPH. Total retail sales of medical cannabis in the State of Illinois for August totaled US$7,577,141, which brings the total year-to-date retail sales by licensed medical cannabis dispensaries for the calendar 2017 to just over US$51 million and to almost US$89 million since the program’s inception in November 2015. At this time, there are 53 medical cannabis dispensaries operating in the State of Illinois, with TCE continuing to be the only one in ISP District 12.
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.
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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.
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