Vertical Peak Holdings Inc (SPLIF)

[MADDSTACKER]

Launch of Jimi Hendrix Related Cannabis Products

Purple Haze Properties has brokered licensing deals with manufacturers in California and Oregon to distribute Nutritional High's lines of Jimi's Cannabis Collection Gummy Bears and Hard Candies. It is expected that these products will also be available in Colorado in the coming months as Nutritional High's Pueblo, Colorado marijuana oils and edibles extraction facility commences operations. The gummy and hard candies will have a wide array of flavors, named after song titles of the greatest guitarist in rock and roll history.

To facilitate these sub-licensing arrangements, Nutritional High and PHP have entered into an amending agreement to their June 5, 2015, license agreement where Nutritional High acquired the exclusive rights to manufacture and distribute Gummy Bears, Hard Candies and Vitamin Water style beverages for Jimi's Cannabis Collection. Nutritional High can terminate these sublicensing arrangements when it decides to launch its own product offerings in those states.