| Previous Close | 0.0550 |
| Open | 0.0560 |
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| Day's Range | 0.0540 - 0.0574 |
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| Market Cap | 6.254M |
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| EPS (TTM) | -0.0190 |
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| 1y Target Est | N/A |
DENVER, Aug. 21, 2018 /PRNewswire/ -- MOUNTAIN HIGH ACQUISITIONS CORP. (MYHI), announces it has closed on the acquisition of One Lab Co., a Nevada-based company that provides extraction equipment to the cannabis industry. The acquisition brings with it a five-year lease of its modular extraction lab to Workforce Labor Solutions, LLC, which provides turnkey labor and extraction services to licensed cannabis producers in Washington state. "The abundance of cannabis currently being cultivated by licensed growers has created increased demand for access to extraction facilities," said MYHI CEO Alan Smith. "We're meeting this growing need in the cannabis space, which stems from an increasing number of consumers interested in cannabis, but who don't want to smoke it. As a result, demand for edibles and other end products is growing—but to make these products, cannabis product makers require a variety of quality cannabis extractions.
On January 18, 2018 MYHI entered into an Advisory Agreement with Mr. Dirk Nansen of Bellingham, Washington, with effect from January 1, 2018. Pursuant to the Agreement, Mr. Nansen is required to identify opportunities in Washington, Oregon, and California through which MYHI can evaluate technologies and pursue the build out of infrastructure assets to be utilized for cannabis cultivation, extraction, or consumer product manufacturing.