SOURCE: Nhale, Inc.

Nhale, Inc.

December 02, 2014 08:30 ET

Marijuana Grow and Retail Operation Taps Nhale (NHLE) for Collaboration

HOUSTON, TX--(Marketwired - Dec 2, 2014) - Nhale, Inc. (OTCQB: NHLE) has been approached to collaborate on a planned recreational marijuana cultivation and production facility. The company projects revenues exceeding $21 million in the first two years of operation. This offer comes as Nhale continues seeking acquisition targets and is in the process of evaluating opportunities in multiple legal marijuana states.

The company seeking collaboration with Nhale brings extensive prior experience in the cultivation and retailing of medical marijuana and has the depth of skills needed to create superior, sought-after strains of cannabis in the marketplace. Its founder is internationally recognized and has won numerous awards for quality strains. With a major cultivation and production facility as well as pilot retail space already leased, this firm has the capacity to output their specialty and designer products at lower costs with higher margins.

"We are very pleased to have been tapped by this vertically integrated cannabis manufacturer and we are impressed by their premium, award-winning product," said Lance Williams, President and CEO of Nhale, Inc., commenting on the prospective collaboration. He added, "This firm has the requisite skills and experience to gain solid market share and respond to consumer demands, as legalization throughout the country continues to expand."

According to a recent national survey by Pew Research Center, 75 percent of Americans believe the sale and use of marijuana will eventually be legal nationwide, a majority opinion even among those who oppose its use.

Nhale is considering acquisitions in other legal states, in accordance with its mission to acquire companies with proven business models in the legitimate cannabis industry.

About Nhale, Inc. (OTCQB: NHLE)
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.

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Forward-Looking Statements

Certain information provided in this press release constitutes forward-looking statements. The words "anticipate", "expect", "project", "estimate", "forecast" and similar expressions are intended to identify such forward-looking statements. The reader is cautioned that assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be incorrect. Actual results achieved during the forecast period will vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. You can find a discussion of those risks and uncertainties in our EDGAR securities filings with the Securities and Exchange Commission. Such factors include, but are not limited to: general economic, market and business conditions; fluctuations in the marijuana market; the results of product development and the result of our efforts to develop strategic relationships, partnerships and potential acquisitions that are in line with our business model; outcome of partnership negotiations; the uncertainty of market estimates; changes in environmental and other regulations; risks associated with retail operations; and other factors, many of which are beyond the control of the Company. There is no representation by Nhale that actual results achieved during the forecast period will be the same in whole or in part as those forecast. Except as may be required by applicable securities laws, Nhale assumes no obligation to publicly update or revise any forward-looking statements made herein or otherwise, whether as a result of new information, future events or otherwise.

Contact Information

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    Nhale, Inc.
    Lance Williams
    President and CEO