SOURCE: Nhale Inc.

Nhale Inc.

December 16, 2014 08:30 ET

Nhale (NHLE) Forecasts Revenues of More Than $30 Million in 2015 From Deals Under Consideration

HOUSTON, TX--(Marketwired - Dec 16, 2014) - Nhale Inc. (OTCQB: NHLE) today announced projected revenues exceeding $30 million in 2015 as a result of deals currently under consideration in legal recreational marijuana states. Nhale currently has prospective transactions in Washington State, Oregon and Colorado for grow operations with this combined deal flow if all of them are successfully concluded.

"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," said Lance Williams, President and CEO of Nhale. He added, "Nhale is positioning itself as an effective, long-term strategic partner, with dedicated focus and the leadership capability to develop and carry out plans."

In California alone, legal marijuana growers account for $14 billion a year in sales in California, making it the state's most valuable cash crop, according to TIME. In Oregon, marijuana pot is the state's second-largest cash crop, close behind apples, as reported in a study by researcher Jon Gettmen, PH.D.

"We are encouraged to have these significant growth opportunities and believe they are a tribute to the professional advantages we bring to the table. We look forward to working with these companies and growing along with the industry as marijuana transforms into a legal commodity throughout the U.S." 

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