SOURCE: Nhale, Inc.

Nhale, Inc.

December 16, 2014 16:54 ET

Nhale (NHLE) Receives $10 Million Commitment to Complete Acquisitions

HOUSTON, TX--(Marketwired - December 16, 2014) - Nhale Inc. (OTCQB: NHLE) today announces it has executed a term sheet for $10 million in debt financing with Four Twenty Investments, Inc., a Toronto-based private investment group. Four Twenty is focused on the financing and strategic investments of medical marijuana and similar companies involved in the cannabis industry. Nhale will utilize the proceeds of the financing to complete its intended acquisitions of revenue generating marijuana operations in states where recreational and/or medical marijuana has been legalized.

Nhale currently is 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 Nhale to gain market share within the legal marijuana industry," said Lance Williams, President and CEO of Nhale. He added, "This $10 million commitment allows us to deliver on our previously disclosed acquisition strategy beginning in the first quarter of 2015."

The culmination of the acquisitions currently being negotiated by Nhale could lead to revenues exceeding $30 million in 2015. The companies being targeted for acquisition each bring extensive prior experience in the legal cultivation and retailing of medical marijuana, and each as the depth of skills needed to help Nhale become the premier provider of legal cannabis to the marketplace.

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

  • Contact
    Nhale, Inc.
    Lance Williams
    President and CEO