QualityStocks News - Nhale (NHLE) Announces $10 Million Financing Commitment

QualityStocks would like to highlight Nhale, Inc. (OTCQB: NHLE). The company develops and sells leading-edge technology in alignment with its mission to become a recognized, premier innovator in cannabis cultivation, dispensaries, testing, and scientific products. Nhale explores innovations that will position the company on the front lines of the marijuana revolution.

In the company’s news,

Nhale reported the execution of a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group focused on the financing and strategic investments of medical marijuana and similar companies involved in the cannabis industry.

According to the release, Nhale will use this financing to finalize its planned acquisitions of revenue-generating marijuana operations. The company is currently negotiating acquisitions of legal marijuana operations in Washington State, Oregon and Colorado.

“Our relationship with Four Twenty Investments strengthens our position to acquire capable businesses and the brightest talent, and allow Nhale to gain market share within the legal marijuana industry,” stated Lance Williams, President and CEO of Nhale. He added, “This $10 million commitment allows us to deliver on our previously disclosed acquisition strategy beginning in the first quarter of 2015.”

Nhale believes the culmination of the acquisitions currently being negotiated could lead to revenues exceeding $30 million next year. The companies being targeted for acquisition each bring extensive prior experience in the legal cultivation and retailing of medical marijuana, and each as the depth of skills needed to help Nhale become the premier provider of legal cannabis to the marketplace.

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Forward-Looking Statement:

This release may contain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All forward-looking statements are inherently uncertain as they are based on current expectations and assumptions concerning future events or future performance of the company. Readers are cautioned not to place undue reliance on these forward-looking statements, which are only predictions and speak only as of the date hereof. Risks and uncertainties applicable to the company and its business could cause the company's actual results to differ materially from those indicated in any forward-looking statements.