Nutritional High (CSE:EAT) has announced an update regarding its business developments of Aura Health.
As quoted in the press release:
As announced in the Company’s press release dated December 28, 2016, Nutritional High owns approximately 24% of AHC and has provided a short-term loan in the amount of US $120,000.
Business Strategy and Expansion Plan Update
AHC’s business plan is focused on investing in medical marijuana patient clinics in the United States, where permitted by applicable regulation. At this time, the primary focus are Cole Memo compliant US states, however, in the future AHC may also expand into Canada and other countries where medical cannabis is permitted by regulation.
In addition to the current projects in the States of Nevada and Arizona, AHC also intends to pursue expansion opportunities in the State of Florida, which has legalized cannabis for medical use on November 9, 2016, by passing Amendment 2 ballot measure.
AHC currently has an agreement with Sun Valley Clinics, which provides AHC an option to acquire 51% ownership in up to 10 clinics. AHC has commenced discussions with Sun Valley to expand the scope of the agreement to increase the number of clinics to co-invest into with Sun Valley.