SOURCE: Nhale, Inc.

Nhale, Inc.

November 17, 2014 08:30 ET

Nhale (NHLE) in Advanced Talks With Washington Grower

HOUSTON, TX--(Marketwired - Nov 17, 2014) - Nhale, Inc. (OTCQB: NHLE) today announced a licensed grower in Washington State has identified Nhale as a potential partner. The grower is currently in its first legal marijuana harvest in that state and is seeking to triple its size by 2015. Nhale is currently in advanced talks with the company's representative.

"Given the importance of Washington State to the legal marijuana industry, Nhale is highly interested in this grower and the potential this deal brings. The alliance could mean a strong entry into this market," said Lance Williams, President and CEO of Nhale. He added, "We are currently exploring the possible approaches to this opportunity to ensure it is the best arrangement for both parties and enhances value for Nhale stockholders."

The recreational marijuana market in Washington could be substantially larger than initially predicted, according to Marijuana Business Daily. A poll cited in an article by this news source found that 26% of Americans would purchase marijuana if were legal in their state. Based on that finding, the article states Washington could have a customer pool of approximately 363,000 potential consumers, not including out-of-state visitors. The Marijuana Business Factbook, released by Medical Marijuana Business Daily, estimated total potential sales of around $500 million in Washington, eventually leading to gross sales of $1 billion as the industry matures.

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.

For further information visit http://nhaleinc.com/investors.html

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

  • Contact
    Nhale, Inc.
    Lance Williams
    President and CEO
    281-671-6877