SPLIF - Nutritional High to acquire California vertically integrated cannabis operator

Nutritional High International (SPLIF) to acquire 100% of California-based OutCo Labs, California-based licensed cannabis producer.The acquisition accelerates top-Line growth, OutCo adds $8M of annual run rate revenue.John Durfy, CEO of Nutritional High, commented, "This acquisition is transformative for Nutritional High and will provide the Company with a platform to execute our expansion into California. We've examined multiple entry-points to establish in-house production and robust commercialization capabilities in California and this transaction checked every box. It is expected to accelerate top-line growth, enable efficiencies across our operations through the addition of OutCo's highly skilled operating team and bring a pipeline of market and product expansion potential that we expect to execute on over the next several years. We're looking forward to working closely with Lincoln Fish and his team to work on growth and optimization initiatives together."

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Nutritional High to acquire California vertically integrated cannabis operator