Business
Nhale (NHLE) Submits LOI to Washington Marijuana Producer Following Financial Review
Nhale (NHLE) Submits LOI to Washington Marijuana Producer Following Financial Review.
About this update from China De Xiao Quan Care Group Co., Ltd
[{"type":"text","content":"\n \n \n Nhale (NHLE) Submits LOI to Washington Marijuana Producer Following Financial Review\n \n \nNhale (NHLE) Submits LOI to Washington Marijuana Producer Following Financial Review\n \n HOUSTON, TX--(Marketwired - Dec 8, 2014) - Nhale Inc. (OTCQB: NHLE) today announced it has delivered a letter of intent (LOI) to a profitable outdoor marijuana grower in Washington state. The grower is a licensed producer helping supply an exploding demand for legal pot in that state since retail recreational marijuana stores opened for business this July.\n The grower, along with other legal marijuana producers, now has brought in autumn's eagerly awaited first outdoor harvest, resulting in more than double the revenue figures from August. Retailers are excited to see the product begin to reach demand. \n While outdoor-grown marijuana is more susceptible to the agricultural uncertainties faced by traditional farmers, from pests to wind damage, the harvests can be much larger and cost less because growers do not have to pay for the sunlight. Estimated at $1.03 billion annually, marijuana is the state's second-largest cash crop, close behind apples, according to a study by researcher Jon Gettman, Ph.D.\n \"The financials submitted to us by this grower have encouraged us to take our evaluation to another level. We see a solid operation within a very controlled business environment, and great potential for increasing revenues through an addition of operating capital and business resources,\" said Lance Williams, President and CEO of Nhale.\n Nhale is in the process of evaluating possible acquisitions in Washington, Colorado and Canada, and recently executed an LOI to assess a prospective Oregon grower. This effort is in accordance with Nhale's mission to acquire companies with valid business models in the legitimate cannabis industry.\n About Nhale, Inc. (OTCQB: NHLE)\n \n Nhale™ is a U.S. company actively pursuing acquisition opportunities in the rapidly expanding marijuana industry. Nhale acquires companies with proven business models positioned to make a significant impact within the medical and recreational cannabis market. NHLE brings operating talent, tools and leadership to emerging companies in the space, promoting industry awareness and developing economically sustainable partnerships while increasing shareholder value. \n For fu...