Nhale has
been asked to share its industry insight on a planned recreational marijuana
cultivation and production facility. The company anticipates revenues to top
$21 million in the first two years of operation. The offer comes at a time when
NHLE continues its pursuit of acquisition targets while simultaneously focusing
its efforts at evaluating opportunities in a variety of states where marijuana
is legal and decriminalized.
The
inquiring company seeking Nhale’s input brings previous longstanding experience
in the cultivation and commercialization of medical marijuana accompanied by
wide and deep skills necessary for creating superior, in-demand strains of
cannabis in the marketplace. The founder of the company has been recognized on
an international level and has numerous awards for quality strains to its name.
Leveraging a major cultivation and production facility at a currently leased
pilot retail space, this company of note boasts the capacity to output
specialty and designer products at lower costs which in turn should result in
higher margins.
Lance
Williams, President and Chief Executive Officer of Nhale, Inc., speaking on the
prospects of the proposed collaboration, said, “We are very pleased to have
been tapped by this vertically integrated cannabis manufacturer and we are
impressed by their premium, award-winning product.” He further commented, “This
firm has the requisite skills and experience to gain solid market share and
respond to consumer demands, as legalization throughout the country continues
to expand.”
Supporting
overall public sentiment on the legalization of marijuana, a recent national
survey by Pew Research Center indicates that 75 percent of Americans believe
the eventual sale and use of legal marijuana is imminent on a nationwide scale.
This opinion is even held among those within the ranks of the opposition.
In
accordance with its mission to acquire companies with proven business models in
the legitimate cannabis industry, Nhale is considering acquisitions in other
legal states. The company brings operating know-how, tools and leadership to
emerging companies in the space, promoting industry awareness and developing
economically sustainable partnerships while aiming to increase shareholder
value.
For more
information on the company, visit www.nhaleinc.com/investors.html
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