Nhale Inc. NHLE Archives

MondayDec 22, 2014 10:27 am

Nhale Inc. (NHLE) Acquisition Efforts Keeping Pace with Booming Legal Cannabis Industry

Nhale has announced its expansion and acquisition efforts aimed at the sharp, upward trending medical marijuana industry following the execution of a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group. The medical marijuana sector is currently experiencing a surge in industry revenue due in large part to legislation toward growing and distributing cannabis for medical purposes. Consumer trends in favor of legitimizing the use of alternative medical treatments has sparked unprecedented demand for these products. In a report from ArcView, the U.S. market for medical cannabis is projected to exceed…

WednesdayDec 17, 2014 10:15 am

Nhale Inc. (NHLE) Announces $10 Million Financing Commitment

Today after the closing bell, 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…

TuesdayDec 16, 2014 10:34 am

Nhale Inc. (NHLE) Revenues Set to Eclipse $30M in 2015 Pending Current Deal Closures

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,…

WednesdayDec 10, 2014 10:27 am

Nhale, Inc. (NHLE): Negotiations with Washington Grower are Proceeding as Recreational Pot Sales Rise

According to a press release today, Nhale is moving closer to signing a letter of intent (LOI) with a licensed Washington pot producer as sales of recreational marijuana in the state continue to grow rapidly. Since recreational marijuana shops started opening their doors about five months ago, sales in Washington State have increased 400% and are on track to bring in about $200 million over the next 12 months, according to Marijuana Business Daily. "One of the reasons for the rising sales growth is that retail stores are less likely to run out of inventory now that the fall harvest…

MondayDec 08, 2014 10:08 am

Nhale Inc. (NHLE) Delivers Letter of Intent to Washington State Outdoor Marijuana Grower

Nhale has announced that it delivered a letter of intent to an outdoor marijuana grower in the state of Washington. The profitable grower is a licensed producer known for helping supply the sharp upward trending demand for legal marijuana in that state as a result of retail recreational marijuana stores opening for business last summer. The Washington grower and others who produce marijuana legally have received autumn's first outdoor harvest which yielded at least a doubling of revenue from August. Retailers are excited to see the product – so eagerly waited for, begin to satisfy market demand. With marijuana that…

ThursdayDec 04, 2014 9:46 am

Nhale, Inc. (NHLE) Joins Private Toronto Group in Equity Finance Talks Centered on Legal Marijuana Industry

Nhale has announced it is in discussions with a Toronto-based private investment group to execute a $10 million equity finance arrangement focused on the legal marijuana industry. The agreement puts structure to a deal that is designed to invest capital for acquisition and production operations needed for legally growing marijuana. Currently exploring acquisition targets in the state of Washington and Canada, NHLE also has recently executed a Letter of Intent to audit the potential upside of a prospective grower based in Oregon. The process runs in line with the company’s mission to acquire commercial properties with sound business strategies in…

TuesdayDec 02, 2014 10:21 am

Nhale, Inc. (NHLE) Expertise and Know-How Sought by Strain Cannabis Producer

Nhale has been asked to share its industry insight on a planned recreational marijuana cultivation and production facility. The company anticipates revenues to top $21 million in the first two years of operation. The offer comes at a time when NHLE continues its pursuit of acquisition targets while simultaneously focusing its efforts at evaluating opportunities in a variety of states where marijuana is legal and decriminalized. The inquiring company seeking Nhale’s input brings previous longstanding experience in the cultivation and commercialization of medical marijuana accompanied by wide and deep skills necessary for creating superior, in-demand strains of cannabis in the…

MondayNov 24, 2014 10:09 am

Nhale Inc. (NHLE) in Acquisition Mode for Building Shareholder Value in Emerging Cannabis Space

Nhale will continue looking for acquisition targets in legalized marijuana states and currently is reviewing grow operations in the state of Washington, as acreage earmarked for growing could increase, the company's President and CEO Lance Williams said today. Washington State potentially could quadruple the amount of land for growing legal marijuana, as the state Liquor Control Board considers changes to its marijuana regulations associated with recreational use. One of these rules would expand the allowable land for legal marijuana to 8.5 million square feet. This figure represents an increase up from the 2 million square feet limit established when the…

TuesdayNov 18, 2014 5:48 pm

Nhale, Inc. (NHLE) Approaches Final Agreement with Oregon-based Acquisition Target

U.S.-based Nhale, Inc. seeks to acquire companies with valid business models in the legal cannabis industry. On par with this growth strategy, and as a result of recently received additional due diligence, Nhale is nearing a conclusive agreement with a prospective Oregon marijuana grower. The grow facility is projected to gross approximately $8.8 million in revenues during its first year of operation and is anticipated to triple in size each year thereafter. As it considers the collaboration, Nhale says it has established a subsidiary in the state of Oregon for the purpose of growing and distributing legal marijuana. The location…

MondayNov 17, 2014 10:23 am

Nhale, Inc. (NHLE) in Advanced Talks with Washington Grower

Today before the opening bell, Nhale reported it is in advanced talks with the company representative of a licensed Washington grower. This entity sought out Nhale as a prospective partner. The grower is in the midst of executing its first legal harvest within the state. It seeks to triple in size by 2015. There are strong market opportunities within Washington for recreational marijuana. An article in Marijuana Business Daily had a poll in which 26% of Americans said they would purchase marijuana if recreational use in their state were legally permissible. Based on the poll statistics, Washington would potentially have…

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