Nhale
has announced its expansion and acquisition efforts aimed at the sharp, upward
trending medical marijuana industry following the execution of a term sheet for
$10 million in debt financing with Four Twenty Investments, Inc., a
Toronto-based private investment group. The medical marijuana sector is
currently experiencing a surge in industry revenue due in large part to
legislation toward growing and distributing cannabis for medical purposes.
Consumer trends in favor of legitimizing the use of alternative medical
treatments has sparked unprecedented demand for these products.
In
a report from ArcView, the U.S. market for medical cannabis is projected to
exceed $10 billion by 2018 and eclipse $2.3 billion this year.
Mr.
Lance Williams, President and CEO of Nhale, noted, “As a highly regulated
industry where licenses are constantly on the line, brands must establish
strong protocols and skills. Nhale is poised to leverage its talent, resources
and leadership to become a premier mover in the industry. With a growth rate of
38% since 2011, the medical marijuana market offers enormous opportunities for
our highly experienced team to successfully collaborate with the sector’s most
robust start-ups.”
Four
Twenty Investments is involved with the financing and strategic investments of
medical marijuana and similar companies involved in the cannabis industry.
Nhale will utilize the proceeds of the financing to complete its acquisitions
of revenue generating medical and recreational marijuana operations in states where
the product is legal to use.
Nhale™
is a U.S. company busy pursuing acquisition opportunities in the rapidly
expanding marijuana industry. The company acquires other companies with proven
business models positioned to make a significant impact within the medical and
recreational cannabis market. NHLE offers in-house operating talent, tools and
leadership to emerging companies in the space, promoting industry awareness and
developing economically sustainable partnerships to build value for its shareholders.
For
more information on the company, visit www.nhaleinc.com/investors.html
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