TORONTO, Sept. 13, 2019 (GLOBE NEWSWIRE) -- Nutritional High International Inc. ("Nutritional High" or the "Company") (CSE: EAT, OTCQB: SPLIF) is pleased to announce that Ken Young will be joining the company as of September 16th, 2019, in the newly created role of Senior Vice President of Operations for wholly-owned subsidiary Calyx Brands, Inc.
Mr. Young brings more than 15 years' experience in cannabis and consumer packaged goods across a range of operational leadership roles.
Most recently, Ken served as Vice President of Operations for Kurvana, one of the top 10 largest California manufacturers in cannabis with nearly $40M in 2018 consumer sales according to BDS Analytics. In this role, he led the operational development of two new distribution facilities and improved overall service and communication to valued customers. He was also responsible for the overall ownership of supply chain, sourcing, raw material planning (MRP), packaging, fulfillment, warehousing, quality control and logistics.
Prior to taking his first leadership position in the cannabis industry, Mr. Young served for three years as Senior Director, Sales & Operations Planning for Young's Market, a $3B wine and spirits distributor. At Young's, he was responsible for sales and operations planning across seven business units, and more than 10,000 SKUs. He also served as business lead for Oracle ERP Implementation of Demantra, in partnership with Deloitte Consulting.
"I'm excited to be joining an established leader like Calyx Brands at a time of great growth and change in cannabis distribution," said Mr. Young. "My career has been focused on planning for and managing change in both traditional industries and cannabis. I see clearly the path forward for cannabis distribution and look forward to driving the technology, logistics, and strategy innovation required to help the brands represented by Calyx win."
Before joining Young's Market, Ken served as Demand Planning Manager for Campari, America. He also served as Planning Manager, Americas Supply Chain, for Australia-based Treasury Wine Estates. Ken began his professional career working for four years with craft brew leader Anchor Brewers & Distillers LLC where he served as Sales & Operations Planning Manager before being promoted to Senior Supply Chain Manager.
"We're thrilled to have Ken join our powerful team," said Calyx Brands' CEO Dakota Sullivan. "Cannabis distribution is entering a period of rapid innovation. As Nutritional High's CEO Adam Szweras outlined in his Letter to Investors dated September 9th, we are in the process of radically re-imagining the distribution model in order to bring new efficiencies, cost savings and scale benefits to cannabis manufacturers. Ken's experience architecting technology-driven step change for a global multi-billion-dollar distributor like Young's Market as well as his experience at the operational help of Kurvana will be invaluable to us."
About Nutritional High International Inc.
Nutritional High is focused on developing, manufacturing and distributing products under recognized brands in the cannabis products industry, with a specific focus on edibles and oil extracts for medical and adult recreational use. The Company works exclusively with licensed facilities in jurisdictions where such activity is permitted and regulated by state law.
The Company follows a vertically integrated model with a fully developed strategy for acquisitions in extraction, production, sales, and distribution sectors of the cannabis industry. Nutritional High has brought its flagship FLÏtm edibles and extracts product line from production to market through its wholly owned subsidiaries in California and Oregon, as well as Colorado where its FLÏtm products are manufactured by a third-party licensed producer. In California, the Company distributes its products and products manufactured by other leading producers through its wholly owned distributor Calyx Brands Inc. and is entering the Nevada, Washington State and Canadian markets in the near future.
For updates on the Company's activities and highlights of the Company's press releases and other media coverage, please follow Nutritional High on Facebook, Twitter and Instagram or visit www.nutritionalhigh.com.
For further information, please contact:
Chairman of the Board
Nutritional High International Inc.
Director, Investor Relations
Nutritional High International Inc.
NEITHER THE CANADIAN SECURITIES EXCHANGE NOR OTC MARKETS GROUP INC., NOR THEIR REGULATIONS SERVICES PROVIDERS HAVE REVIEWED OR ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.
This news release may contain forward-looking statements and information based on current expectations. These statements should not be read as guarantees of future performance or results. Such statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance or achievements to be materially different from those implied by such statements. The statements relate to potential market expansion and the use of the proceeds of the Offering. Risks that may have an impact on the ability for these events to be achieved include completion of due diligence, negotiation of definitive agreements and receipt of applicable approvals. Although such statements are based on management's reasonable assumptions, there can be no assurance that such assumptions will prove to be correct. We assume no responsibility to update or revise them to reflect new events or circumstances.
The Company's securities have not been registered under the U.S. Securities Act of 1933, as amended (the "U.S. Securities Act"), or applicable state securities laws, and may not be offered or sold to, or for the account or benefit of, persons in the United States or "U.S. Persons", as such term is defined in Regulation S under the U.S. Securities Act, absent registration or an applicable exemption from such registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in the United States or any jurisdiction in which such offer, solicitation or sale would be unlawful.
Additionally, there are known and unknown risk factors which could cause the Company's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information contained herein. All forward-looking information herein is qualified in its entirety by this cautionary statement, and the Company disclaims any obligation to revise or update any such forward-looking information or to publicly announce the result of any revisions to any of the forward-looking information contained herein to reflect future results, events or developments, except as required by law. Some of the risks and other factors that could cause actual results to differ materially from those expressed in forward-looking information expressed in this press release include, but are not limited to: obtaining and maintaining regulatory approvals including acquiring and renewing U.S. state, local or other licenses, the uncertainty of existing protection from U.S. federal or other prosecution, regulatory or political change such as changes in applicable laws and regulations, including U.S. state-law legalization, market and general economic conditions of the cannabis sector or otherwise.
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