Business
NHLE Eyeing Acquisition Targets
NHLE Eyeing Acquisition Targets.
About this update from China De Xiao Quan Care Group Co., Ltd
[{"type":"text","content":"\n \n Nhale Inc. (OTCQB:NHLE) is seeking acquisition targets in the areas of \n legal marijuana grow operations, dispensaries, testing and plant science \n technologies, the company’s President and CEO Lance Williams said today. \n He did not name specific companies, but noted that Nhale has identified \n potential targets and is in talks with one of those companies.\n \n \n “We have great expectations for Nhale, and there is every indication \n that this company will be able to continue to evolve to build a \n successful, sustainable business through product or company \n acquisition,” said Williams.\n \n \n Nhale is looking to benefit from the expanding legal pot trade. Already \n legal in 23 states, marijuana could become legal nationwide in some \n capacity in a few years, according to the Baker Institute for Public \n Policy at Rice University in Houston. This year, Maryland, Minnesota and \n New York passed legislation and Florida, Ohio and Pennsylvania have \n pending legislation or ballot measures in November.\n \n \n “Estimates of the existing legal U.S. marijuana market are around $2.6 \n billion. In contrast, the black market is more than $50 billion,” said \n Williams. He added, “With medical research increasingly indicating that \n there is a potential benefit for patients with a variety of illnesses, \n this market holds tremendous opportunities.”\n \n \n About Nhale, Inc. (OTCQB:NHLE)\n \n \n Nhale™ is a technology company whose mission is to be the premier legal \n cannabis industry innovator in the U.S., promoting industry awareness \n and developing economically sustainable partnerships while increasing \n shareholder value.\n \n \n More information about Nhale is found at www.nhaleinc.com.\n \n \n Forward-Looking Statements\n \n \n This Press Release includes forward-looking statements within the \n meaning of Section 27A of the Securities Act of 1933 and Section 21E of \n the Securities Act of 1934. A statement containing words such as \n \"anticipate,\" \"seek,\" intend,\" \"believe,\" \"estimate,\" \"expect,\" \n \"project,\" \"plan,\" or similar phrases may be deemed \"forward-looking \n statements\" within the meaning of the Private Securities Litigation \n Reform Act of 1995. Some or all of the events or results anticipated by \n these forward-looking state...