CORPORATE PRESENTATION CANNABIS MANUFACTURING DISTRIBUTION - - PowerPoint PPT Presentation

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Q2 2019

CORPORATE PRESENTATION

CSE:EAT OTCQB:SPLIF

CANNABIS BRANDS MANUFACTURING DISTRIBUTION STRATEGIC ACQUISITIONS

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FORWARD LOOKING STATEMENTS AND RISK DISCLOSURE

The information contained in this presentation does not purport to be all-inclusive or to contain all information that prospective investors may require. Prospective investors are encouraged to conduct their own analysis and reviews of the Company and of the information contained in this presentation. Prospective investors should consult their own professional advisors to assess their potential investment in the Company. The remarks contained in this presentation ("Presentation") may contain forward-looking statements (as such term is defined in the Private Securities Litigation Reform Act of 1995) relating to the Company's operations or to its business environment. These statements are identified by the use of forward-looking terminology such as "believes," "plans," "intend," "scheduled," "potential," "continue," "estimates," "hopes," "goal," "objective," "expects," "may," "will," "should" or "anticipates" or the negative thereof or other variations thereon or comparable terminology, or by discussions of strategy that involve risks and uncertainties. The safe harbor provisions of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended, apply to forward-looking statements made by the Company. The reader is cautioned that no statements contained in Presentation should be construed as a guarantee or assurance of future performance or results. These forward-looking statements involve risks and uncertainties, including those identified within this Presentation. The actual results that the Company achieves may differ materially from any forward-looking statements due to such risks and uncertainties. These forward-looking statements are based on current expectations, and the Company assumes no obligation to update this information. Readers are urged to carefully review and consider the various disclosures made by the Company in it's reports filed on SEDAR that attempt to advise interested parties of the risks and factors that may affect the Company's business. The information in this current report shall not be incorporated by reference into any registration statement pursuant to the Securities Act of 1933, as amended. The furnishing of the information in this Presentation is not intended to, and does not, constitute a representation that such furnishing is required by Regulation FD or that the information this current report contains is material investor information that is not otherwise publicly available. This summary has been provided to the recipient for information purposes only and no representation or warranty, express or implied, is made as to the completeness or accuracy of the information contained herein. The contents are not to be reproduced or distributed to the public or press. The information contained herein is not guaranteed as to its accuracy or completeness. Throughout this presentation various logos and trademarks will be used. These trademarks and logos are the property of their respective owners. An investment in the Company's securities should be considered highly speculative. There is no guarantee that an investment in the Company will earn any positive return in the short or long term. An investment in the Company is appropriate only for investors who have the capacity to absorb a loss of some or all of their investment. There are certain risk factors associated with an investment in the Company's securities. 2

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Who we are

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Multi-state cannabis CPG

• perator

Manufacturer, distributor, and incubator of cannabis brands and products #1 distributor of edible products in California Proprietary extraction, distillation and infusion expertise

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CURRENT GEOGRAPHIC FOOTPRINT

Colorado: Partnership with Palo Verde, an LP with state-of-the art- extraction and manufacturing capabilities for cannabis concentrates and edibles. Rapidly increasing footprint. California: Acquired and expanded Calyx Brands, a leading statewide wholesale distributor. Nutritional High also has a partnership with Pasa Verde, an LP with extraction and manufacturing facilities. Oregon: Acquired La Pine facility and have since completed buildout and commenced sales. Acquired the assets to Marley Natural™. Washington: Nutritional High sublicenses the rights to manufacture branded products to JBM. The partnership commenced in January 2019 and JBM will relaunch their

• perations with us as their partner.

Nutritional High is establishing a footprint into the following jurisdictions that spent a combined $8 billion on legal cannabis products in 2018.

4 Nevada: Acquiring a 75% interest in Green

Therapeutics, a Las Vegas based producer and processor with established brands.

Canada: JV with Abba Medix Group to manufacture cannabis extracts and infused products in Canada and internationally, as permitted by regulations.

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CORPORATE STRATEGY

Nutritional High is becoming an international leader in the distribution and incubation of cannabis brands and products through acquisitions and organic growth.

Watch our corporate video at nutritionalhigh.com

High Growth Potential Jurisdictions

Focus on states with high growth potential, including medical states which have the potential to legalize cannabis for adult use and medical-only states with significant population

• base. Current core focus is on California and

Nevada.

Focus on High-Margin and Innovative Products and Brands

Employ technological expertise and know-how to develop, acquire, and distribute high margin

• products. Current core focus is on high quality

branded edible and oil extract products with consistent dosing.

Build Manufacturing and Distribution Infrastructure

Control manufacturing infrastructure and distribution channels. Preference to own the facilities and equipment, but will partner with third party companies to manufacture FLI and partner brand products.

Strategic Acquisition and Partnerships

Acquire and partner with companies and brands that add to

• ur

value chain, leveraging our management expertise to drive sustained growth. 5

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David Posner Co-Chair of the Board and Director

• Brought “Hempen Gold,” the first hemp-infused beer to Canada
• Imported and created marketing and branding initiatives for

various other alcoholic products in Canada

• Acquisitions Manager for Stonegate Properties Inc. where he

managed real estate and brokered deals in Canada and US Tom Siciliano President

• Senior executive with a distinguished career and an
• utstanding record of revenue and profit growth in Fortune

500, Private Equity and startup companies

• Former President and Chief Financial Officer of Canna Security

America where he turned the company into the 2nd largest security company within the cannabis industry

• Holds a bachelor’s degree in business administration from

Columbus University and a leadership excellence certificate from Penn State Jeremy Pace SVP, Operations

• Started his career with the US Department Of State as a

Management Officer on rotation across a number of key strategic U.S Embassy locations in the Middle East and Asia

• Previously a general manager with Shift Refinery — a

Denver-based extraction company where he directed single-site cannabis concentrate manufacturing operation through a team

• f managers and supervisors across three distinct work units

(production, operations and sales

• Holds a bachelor degree in Mass Communications from

Northwestern University Dakota Sullivan CEO, Calyx Brands Inc.

• Co-founded The Cannabis Rep Network in 2015 then acquired

distributor California Holistic Transfer to create Calyx Brands

• 15+ years as a senior tech executive, serving as SVP/GM for two

mobile ad tech providers

• Co-founder/CMO of Blue Lithium, pioneering behavioral ad

network sold to Yahoo for $300M

• Ran flobal sales and marketing for Adap.tv, sold to AOL, and

LookSmart, one of the first search engines

• BA in Business/English from University of California, Berkeley,

graduate work at Columbia and School of Visual Arts, NYC

LEADERSHIP TEAM

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Adam K. Szweras Co- Chair of the Board, Corporate Secretary and Director

• Partner with the law firm Fogler, Rubinoff LLP
• Chairman and Founder of Foundation Markets Inc., a Toronto-based

investment bank and Exempt Market Dealer

• Director at Aurora Cannabis Inc., Quinsam Capital, Water Ways, and

incoming Director at Harborside Inc.

• Practiced securities law since 1997

Jim Frazier Chief Executive Officer

• Over 23 years of experience in the food industry and a proven track

record of developing and implementing branded and private label programs and driving profits

• Owns and operates a successful Florida-based candy and chocolate

business which has been a well-known manufacturer of confectioneries for over 40 years

• Managed the expansion of his plant facilities and significantly expanded

sales and developed new customer bases across all retail channels Billy Morrison Chief Technology Officer and Director

• Founded Peloton Pharmaceuticals, where he designed, developed, and

deployed nearly autonomous grow system that mitigates labor and reduces cost

• Experience in operating marijuana companies, founding The Union

Collective, a successful delivery dispensary; Capstone Analytical, one of the first Bay Area thin layer chromatography testing facilities; and Temez Extracts

• Pioneered a patented water conserving technology that eliminates water

change outs Michael DiNapoli Chief Financial Officer

• Seasoned senior executive with over 20 years experience managing all

aspects of operations, finance and long term strategic planning for a number of large- to medium-size companies

• Last 10 years focus in the wine and spirits industry as CFO/COO (Clos Du

Val Winery, Bounty Hunter Wine and Spirits, Cameron Hughes, Coppola Wines

• Worked six years in public accounting (Deloitte NYC) for audit clients in

the financial services industry

• Graduated from Pace University and is a Certified Public Accountant

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STRATEGIC BUSINESS UNITS OVERVIEW

STRATEGIC INVESTMENTS REGULATED OPERATIONS BRAND IP AND PORTFOLIO

Lineage Grow Company Ltd. Establishing cannabis dispensaries in California, and is in the process of consummating a transaction with Harborside Ownership: 3.54% Aura Health Ltd. Developing medical cannabis clinics in various US states and international markets with a strategic avenue to export cannabis from Israel to the EU Ownership: 20.09%

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CALYX BRANDS Leading Footprint: #1 distributor of edibles in California: the fastest growing category in the largest cannabis market in the world. Retailers & Brands: 480+ licensed retailers served. 14 market leading brands in edibles, concentrates and flower, including an exclusive relationship with the world’s #1 edible. Dynamic Salesforce: 14 dedicated Calyx salespeople in the field, focused

• n sales velocity and expanding brand footprint.

CALIFORNIA: CALYX: A BRANDING AND DISTRIBUTION GIANT .

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CALYX BRANDS ACQUISITION Acquisition Completed in Spring 2018

• Rapid revenue acceleration driven by capital

injection and joint management expertise of NH and Calyx Brands

• Average monthly revenue of $1.45 million

USD in Q1 2019 represents an increase of 7.2x

• ver Q1 2018

Q1 2019

• Trailing Run Rate annualized: $17.4M USD
• Quarter over Quarter growth : 37%

CALIFORNIA: CALYX: THE ACQUISITION NUMBERS .

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CALIFORNIA: OWN THE PIPELINE

DISTRIBUTION BRANDS RETAILERS D A T A G U I D A N C E / D I R E C T I O N

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PASA VERDE LABS Agreement Finalized in July 2018

• 17,200 sq. ft. property
• Additional “Sacramento Property” that’s

inclusive of an extra 9,000 sq. ft. of land

• Operates as a leading cannabis extraction and

toll processing facility

• Manufacture and expand sales of its flagship

FLÏ™ branded product line

• Facility utilizes cold ethanol extraction method

that is also being used in partner facility in Colorado (see Slide 15) WHITE LABELLING PROGRAM

• More information needed here
• More information needed here

CALIFORNIA: PRODUCTION CAPABILITIES & EXPANSION PLANS

STATEWIDE EXPANSION PLANS Market Penetration: Calyx continues to grow and establish a major foothold as a statewide distributor, with sales numbers to prove success. FLÏ™ Branded Product Line: Manufacturing and distribution (Calyx) of the FLÏ™ product line across the state Product Acquisitions and Parnerships ????????? More info needed here TBD - more info needed TBD - more info needed.

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GREEN THERAPEUTICS: ESTABLISHED NEVADA PRODUCER & PROCESSOR

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• Top shelf concentrates
• Sold in 80% of NV dispensaries
• Multi-award-winner
• Quality greenhouse

flower & pre-rolls

• Popular-priced carts,

sprays, edibles

• Ideal for 400+ Tier II

California dispensaries

• A premier innovator and established producer of

ultra-premium flower, extracts, vape cartridges and topical products

• Portfolio of brands with strong market traction in NV
• Owns extraction, manufacturing, distribution licenses
• Currently selling to 80% of the stores in NV
• Building 40K SF greenhouse grow onsite
• 2018 revenue of 2.7M

Acquisition Terms: Upon receipt of regulatory approval, Nutritional High will acquire the 75% interest in Green Therapeutics for $18M along with a put and call

• ption to buy the remaining 25% interest.

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NEVADA

GREEN THERAPEUTICS: A DIAMOND IN THE DESERT

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Retail dispensary license in Lake Tahoe (Douglas County) to facilitate joint venture with existing large scale cannabis retailer towards formation

• f new dispensary location and securing shelf

space across all existing retailer locations Distribution License in Clark County will enable state-wide distribution, significantly catalyzing market access for both Green Therapeutics and third party brands Cultivation and Processing license also held in Oklahoma by parties close to the principals of Green Therapeutics Expansion capacity to cultivate and process can exceed 50,000 pounds of cannabis annually Approved 8.9 acre cultivation license in North Las Vegas to be applied towards the development of a 40,000 sq. ft. new high-tech greenhouse facility 22 acre parcel of land in Clark County to move cultivation if demand expands

3D rendering of 40,000 sq. ft. greenhouse facility in North Las Vegas

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COLORADO LICENSED PRODUCER

• 11,000 sq. ft. property
• 20% of space is equipped with state-of-art extraction

and manufacturing equipment to produce cannabis concentrates and edible products

• Our oil advantage is unique in the industry utilizing

both the short-path distillation techniques and VTA scale machinery to ensure a potent, clean, consistent product

• Concentrate product sales commenced in April 2017

and edible products were launched in November 2017

• Trending run rate of $2M in 2019
• Currently producing 45 SKUs
• Products currently sold in over 50 dispensaries

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Palo Verde LLC Arm’s-length private Colorado company, which holds license to manufacture marijuana-infused products at NH’s facility in Pueblo, Colorado.

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PROCESS COLD ETHANOL DISTILLATION EXTRACTION

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FINAL PRODUCT: Distillate Oil Product

Step 1: Oil solution is winterized to remove the waxes and lipids Step 2: SprayVap is used for removing ethanol from cannabis oil Step 3: Short path and wiped film still is used to purify and fraction the oil to a higher purity

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OREGON: MANUFACTURING AND PRODUCTION FACILITY

• 5,000 sq. ft. property
• Initial permitting and design was focused on

replicating the extraction process in Pueblo, CO

• Received a Certificate of Occupancy from Deschutes

County based on the successful inspection of its extraction facility in Oregon, bringing the company closer to receiving its recreational processing license in Oregon La Pine (OR) Facility Real estate property iLa Pine (OR) Facility Real estate property in the city of of La Pine located in Deschutes County, Oregon. Once construction is complete, the property is intended to be cannabis La Pine (OR) Facility Real estate property in the city of of La Pine located in Deschutes County, Oregon. Once construction is complete, the property is intended to be cannabis oil extraction and manufacturing cannabis infused products.

• il extraction and manufacturing cannabis infused products.

n the city of of La Pine located in Deschutes County, Oregon. Once construction is complete, the property is intended to be cannabis

• il extraction and manufacturing cannabis infused products.

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La Pine (OR) Facility Real estate property in the city of of La Pine located in Deschutes County,

• Oregon. Once construction is complete, the property is intended to be

cannabis oil extraction and manufacturing cannabis infused products. Marley Brand Licensing Agreement Nutritional High entered into an agreement with Docklight to license a number of well-known brands including the Marley Natural brand, for use in connection with inhalable cannabis products (whole flower, pre-roll, and

• il cartridges) in Washington and Oregon.

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CANADA EXPANSION PLANS Market Potential: $5.2B cannabis market predicted by 2024 (Arcview Research/BDS Analytics) Abba Medix Joint Venture Partnered with a subsidiary of Canada House

• Wellness. The Joint-Venture is focused on

manufacturing cannabis oil extracts and cannabis-infused products utilizing NH’s ethanol extraction method in Canada and internationally as permitted by regulation.

WASHINGTON & CANADA: NEW MARKET LAUNCHES

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WASHINGTON EXPANSION PLANS Market Potential: $2.4B cannabis market predicted by 2020 (Arcview Research) Current Opportunities: Bainbridge?? Marley Brand licensing agreement (see Slide 16) Opportunity for a well-organized brand to capture market share by reliably offering a superior product at a lower cost TBD - more info needed

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What’s next

Through Calyx, we have been involved in the distribution of nearly 200 brands in California, and accumulated data from 500 stores over 4

• years. We know first-hand which brands succeeded, which failed, and

why. We are applying this experience, knowledge, and data to our own FLI brand, as well as identifying up-and-coming product categories and determining which brands are ripe for acquisition and growth. Now that Nutritional High owns the distribution channels and has built the manufacturing infrastructure, we are proceeding to deliver proprietary products through these sales channels.

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SOLDAZE SNACKS ACQUISITION: A NATURAL BORN WINNER

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Leveraging Calyx’s relationships in California, our collective team identified SolDaze as possessing the characteristics of the most successful edible brands in the world.

• Edibles are the fastest growing category in cannabis
• Micro-dosing is the dominant trend in edibles, driven by millions
• f new cannabis consumers and tens of millions of curious tourists
• Healthy and natural preferred by consumers over sugary or fatty
• Prior to acquisition, selling in less than XX stores
• Already selling in 100 stores in first 6 months

2nd Place Winner, Emerald Cup: Best Edible

About SolDaze Snacks SolDaze Snacks are the first infused 100% all natural fruit bites. No added sugar, no preservatives. Vegan friendly, Keto friendly, naturally delicious. They’re the inevitable beneficiary of the strongest trends in cannabis.

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FLÏ™: Incubating Our First In-House Brand

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FLÏ™ Vape Pens FLÏ™ Syringes FLÏ™ Chocolates FLÏ™ Extracts FLÏ™ Chocolate Shots FLÏ™ Space Joint FLÏ™ Mini Mints Learn more about the FLÏ™ at www.Getfli.Com for more information.

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Undervalued: A Comparison with the Field

21 Company Share Price Fully Diluted S/O Market Cap Net debt Entreprise Value Rev TTM EV/Rev TTM Origin House $11.65 61.7 $719.3 ($61.8) $657.4 $11.9 55.2x SLANG Worldwide $1.88 249.7 $469.5 $2.6 $472.0 $5.2 90.3x Flower One Holdings $2.61 179.2 $467.6 ($8.3) $459.3 N/A N/A DionyMed Brands1 $3.20 56.4 $180.6 $5.2 $185.8 $13.4 13.9x 1933 Industries $0.60 290.1 $174.1 ($2.9) $171.2 $14.8 11.6x Dixie Brands2 $1.24 138.4 $171.6 ($24.1) $147.6 $6.5 22.7x Rubicon Organics $3.04 34.4 $104.6 $0.7 $105.3 $4.4 23.9x Median $9.2 23.3x Mean $9.4 36.3x Nutritional High International $0.29 319.7 $92.7 $1.7 $94.4 $23.6 4.0x As of April 12, 2019 and Companies' latest filings in CAD $M (except Share Price) 1 - Trailing Nine Months 2 - Management Projections Source: Capital IQ, Company Filings

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COMPANY SNAPSHOT

COMPANY SNAPSHOT

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David Posner Co-Chairman of the Board and Director T: (647) 985-6727 E: dposner@nutritionalhigh.com Adam Szweras Co-Chairman of the Board and Director, Corporate Secretary T: (416) 564-5926 E: aszweras@nutritionalhigh.com Jim Frazier Chief Executive Officer T: (321) 576-7171 E: jfrazier@nutritionalhigh.com

CONTACT US

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