Nutritional High Enters Into an Agreement to Develop Opportunities in Asia, Completes C$1.35M Private Placement – GlobeNewswire

TORONTO, March 14, 2019 (GLOBE NEWSWIRE) — Nutritional High International Inc. (“Nutritional High” or the “Company“) (CSE: EAT, OTCQB: SPLIF, FRANKFURT: 2NU) is pleased to announce that it has entered into a consulting agreement (the “Consulting Agreement“) with Thai political operator and businessman, Tom Kruesopon (the “Consultant“) to develop business opportunities for Nutritional High in Asia. As part of the arrangement, Apple Wealth Holding Company Limited (“AWH“), to which Mr. Kruesopon is the senior advisor, completed a non-brokered private placement (the “Offering“) whereby AWH purchased an aggregate of 5,000,000 common shares for gross proceeds of C$1,350,000.
Mr. Kruesopon will assist Nutritional High in developing opportunities in legal jurisdictions across Asia, as well as bringing Asian brands and products to North America. Mr. Kruesopon is the senior advisor to AWH, as well as an Advisor to the former Prime Minister of Thailand, CEO of Tune Insurance, President of Panda Securities, and former Director of Thai AirAsia X. Pursuant to the terms of the Consulting Agreement, an aggregate of 700,000 common shares were issued to AWH.All of the common shares issued as part of the Offering and the Consulting Agreement are subject to a four month and one day hold period.  A referral fee of $27,000 and 100,000 common shares was paid to a third party in conjunction with the completion of the Offering. 
“With my advocacy for cannabis legalization in Thailand, I was driven to conduct a search for a North American cannabis company to work with that could offer a platform for growth in Asia,” said Mr. Kruesopon. “After meeting with several companies and performing extensive due diligence, I’m happy to have formed this strategic alliance with Nutritional High. As both a shareholder through Apple Wealth, and as a strategic adviser, I look forward to actively seeking business opportunities for Nutritional High

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