Nhale has announced
that its revenue projections are expected to exceed $30 million in 2015 in
large part due to deals currently under consideration in states where
recreational marijuana is legal. Nhale is currently pursuing transactions in
Washington State, Colorado and Oregon for grow operations with this combined
deal flow if all of them come to fruition.
Lance Williams,
President and CEO of Nhale, commented, “Nhale’s entry into the legal marijuana
cultivation market could not come at a better time. Incredible demand is
creating big opportunity and driving new solutions.” He also said, “Nhale is
positioning itself as an effective, long-term strategic partner, with dedicated
focus and the leadership capability to develop and carry out plans.”
Legal marijuana
growers account for $14 billion a year in sales in California alone. According
to TIME, this sales figure makes it the state’s most valuable cash crop. As
reported in a study by researcher Jon Gettmen, PH.D, in Oregon, marijuana is
the state’s second-largest cash crop behind apples.
“We are encouraged
to have these significant growth opportunities and believe they are a tribute
to the professional advantages we bring to the table. We look forward to
working with these companies and growing along with the industry as marijuana
transforms into a legal commodity throughout the U.S.”
Nhale™ is a U.S.
company actively pursuing acquisition opportunities in the rapidly expanding
marijuana industry. NHLE is focused on acquiring companies with proven business
models positioned to make a significant impact within the medical and
recreational cannabis market. The company brings operating talent, tools and
leadership to emerging companies in the space, promoting industry awareness and
developing economically sustainable partnerships while increasing shareholder
value.
For more
information on the company visit www.nhaleinc.com/investors.html
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