Nutritional High International (EAT.C) acquired cannabis flower and extracts company, OutCo Labs today, according to a press release.
OutCo specializes in manufacturing and retailing cannabis flower, extract products, vape cartridges, tinctures, topicals and capsules, and they’ve recently developed a water-soluble technology, which they’re hoping to leverage to get into the infused-beverage space.
They have two licensed dispensaries in San Diego county, California, and a 15,000 square foot vertically integrated cultivation and extraction facility in El Cajon, California, as well as their outdoor cultivation operation and clone nursery in Medocino county.
“I’m excited to finally enter into the definitive agreement and welcome the OutCo team aboard. We see big opportunities in the Southern California market and with expected regulatory changes that could allow recreational sales and edibles manufacturing. Additionally, upcoming changes in Mendocino county are expected to allow for expansion of the cultivation licence being acquired as part of the transaction,” said John Durfy, CEO of Nutritional High.
Nutritional High is a cannabis company that develops and manufactures branded products, focusing on edibles and oil extracts for both the medical and recreational markets. They sell their FLI edibles and vape product lines in various markts, including Colorado where said products have won awards and are manufactured by recent acquisition, Palo Verde.
This acquisition brings OutCo, its assets, subsidiaries, control and management, IP, equipment and buildings under Nutritional High’s control, and Lincoln Fish, OutCo’s CEO, will join the board and continue leading the team.
“We couldn’t be more excited to join the next generation of Nutritional High. The management team shares OutCo’s philosophy of relentless commitment to innovation and quality. By combining OutCo’s California business with Nutritional High assets in Colorado and Oregon, we expect to extend our brand, strengthen our management team and provide a platform for product development. OutCo has always been a leader in its own corner of the world. This merger allows us to be part of something much larger. Today is a new beginning for Outco and a new opportunity to put a much larger stamp on the cannabis community,” said Fish.
Shares were flat today and Nutritional High closed at $0.015.