Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE:EAT, OTCQB:SPLIF, FRANKFURT:2NU) is pleased to appoint Loreto Grimaldi, (BBA, MBA, JD, ICD.D), to the Board of Directors.
Nutritional High International Inc. (“Nutritional High” or the “Company”) (CSE:EAT, OTCQB:SPLIF, FRANKFURT:2NU) is pleased to appoint Loreto Grimaldi, (BBA, MBA, JD, ICD.D), to the Board of Directors. Mr. Grimaldi is an accomplished senior executive with 20 years of business and legal expertise in governance, risk management, and complex transaction leadership and execution.
Mr. Grimaldi currently serves as SVP, General Counsel and Corporate Secretary at ECN Capital Corp. (ECN.TO “ECN”), a leading North American specialty finance business where he is responsible for legal, M&A, regulatory, compliance, insurance and human resources. Prior to joining ECN, Mr. Grimaldi served as EVP, General Counsel and Corporate Secretary at Progressive Waste Solutions Ltd. (WCN.TO), North America’s third largest waste management business. From 2011 – 2014, Mr. Grimaldi was COO, General Counsel & Secretary at Medavail Technologies Inc. where he successfully lobbied to modernize pharmacy laws in the US, Canada, and Europe, resulting in multiple deployments of Medavail’s MedCenter® kiosks across those jurisdictions. From 2003 – 2010 Mr. Grimaldi was VP & Associate General Counsel at Symcor Inc. where he had primary transaction responsibility for its rapid expansion into the US outsourcing space. From 1997 – 2003, Mr. Grimaldi was a Senior Associate at Stikeman Elliot LLP where he developed a practice focusing on large public and private M&A transactions, complex technology services, and outsourcing deals across many different industries. Mr. Grimaldi’s board experience includes Emblem Corp., along with several global private companies. At Emblem Corp., he was a member of the Special Committee and played a key role in negotiating the merger with Aleafia Health Inc., where he continues to sit on the board.
“We’re very excited to have someone with Loreto’s extensive accomplishments join our board,” commented Adam Szweras, CEO of Nutritional High. “Loreto’s legal and transactional experience across many industries, including cannabis, will be a major asset to us as we continue to develop our business. His presence opens up new opportunities for the company, and if history is any indicator, we expect to become leaner and more focused, with a shorter path to profitability.”
The Company would also like to announce it has granted 9,700,000 options to board members and employees, and 6,956,968 restricted stock units that vest upon completion of certain milestones.
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively with licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
The Company follows a vertically integrated model with a fully developed strategy for acquisitions in extraction, production, sales, and distribution sectors of the cannabis industry. Nutritional High has brought its flagship FLÏ™ edibles and extracts product line from production to market through its wholly owned subsidiaries in California and Oregon, as well as Colorado where its FLÏ™ products are manufactured by a third-party licensed producer. In California, the Company distributes its products and products manufactured by other leading producers through its wholly owned distributor Calyx Brands Inc. and is entering the Nevada, Washington State and Canadian markets in the near future.
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 and Instagram or visit www.nutritionalhigh.com.
For further information, please contact:
Chairman of the Board
Nutritional High International Inc.
Director, Investor Relations
Nutritional High International Inc.
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. Risks that may have an impact on the ability for these events to be achieved include completion of due diligence, negotiation of definitive agreements and receipt of applicable approvals. 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.
The 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. Some of the risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information expressed in this press release include, but are not limited to: obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other licenses, the uncertainty of existing protection from U.S. federal or other prosecution, regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, market and general economic conditions of the cannabis sector or otherwise.