Cannabis Penny Stocks: Nutritional High International Stock Down Despite Positive News

penny stocks

Cannabis penny stocks are a hot ticket nowadays. Investors are looking for the company and stock that will skyrocket in the cannabis craze and give them the greatest return on their investment. 

With so many new cannabis companies popping up on the exchanges, it can be tough to keep up with all the cannabis penny stocks floating around. Let’s take a closer look at a cannabis penny stock that is on investors’ radar and its latest company movements.

Nutritional High International Inc. (CSE:EAT)

Nutritional High is based out of Toronto, Ontario and focuses on developing, manufacturing, and distributing products in the marijuana-infused edibles sector in the US. The company also distributes oil extracts for medical and recreational use. 

On Monday, the cannabis penny stock company announced that it was granted a Marijuana Processor License to its wholly owned LLC in La Pine, Oregon.  The La Pine facility build has been completed, and due to the license grant, Nutritional High will commence the building of the property.

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“We are very pleased to receive our licensing in Oregon,” commented Nutritional High CEO Jim Frazier.  “This is another of many great advancements that Nutritional High has made in recent months. The commencement of our manufacturing and processing operations in California earlier this month, and now Oregon, fulfills key components of our vision for 2018.”

The cannabis penny stock’s La Pine facility will focus specifically on processing cannabis oil and manufacturing cannabis-infused edibles. La Pine is located 30 miles from Bend, Oregon. The La Pine facility totals 18,295 square feet. The facility holds 4,662 square feet of office and manufacturing space.

>> South Africa has Legalized Recreational Marijuana, or ‘Dagga’

David Posner, Co-chairman of Nutritional High, commented:

“The Nutritional High team has done a great job on getting La Pine ready for this day and I am very proud of the advancements that we have made in 2018. La Pine will be key in our overall corporate strategy and play a major part of our success.”

EAT Stock Movement

According to Yahoo Finance, EAT is trading at $0.325 a share, down -$0.01 (-2.99%). It seems this announcement hasn’t brought investors more confidence in the company.

Check back in for more cannabis penny stock news.

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