Strategic Partnership with GroBright
Key Deal Terms
•Partnering with GroBright to establish cannabis cultivation & extraction facilities
•Starting with an initial grow facilities in Nevada & Colorado
•GroBright to Finance the partnership by Issuing C$2,500,000 of secured Convertible Debentures
•GroBright will acquire a Nevada Provisional Cultivation License from Nutritional High for US$500,000
•GroBright will acquire a 50% interest in a property in Henderson Nevada acquired by Nutritional High for USD$1,100,000
•GroBright will lease land and a building from Nutritional High in Pueblo, Colorado and sublease to Palo Verde
•Nutritional High will enter into a long term purchase agreement with GroBright to buy trim
Strategic Vision for GroBright
Disrupt & Consolidate the Cannabis Industry: develop facilities across N.A with the most competitive cultivation model
Data-Driven and Fully-Automated: apply data-collection, automation, machine learning and advanced cultivation methodologies
Standardize -> Replicate -> Consolidate: Utilize proof-of-concept projects to refine SOPs and replicate model across N.A
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