NTRR Works to Enhance Management Team to Capitalize on Multi-Billion-Dollar Cannabis Opportunities
SARASOTA, Fla.--(BUSINESS WIRE)-- Neutra Corp. (OTCBB: NTRR) announced today that the company is seeking out potential additions to its executive management team to help explore promising new business opportunities in the fast-growing medical marijuana (MMJ) industry in the U.S.
NTRR is looking for candidates with expertise in business development as the company pursues new deals and partnerships in the technology and support side of the budding MMJ industry.
"The medical marijuana industry is growing at a lightning-fast pace in markets all over the country, and we need additional manpower to fully capitalize on that growth," Morrissey said. "We're making plans to visit potential targets around the country this month."
Since 1996, 18 states and the District of Columbia have approved marijuana for medical usage, and the number is growing. Most recently, Colorado and Washington passed laws legalizing the use of marijuana. Bills to legalize medical cannabis dispensaries are now on the table in Oregon and Nevada, two states that have had MMJ laws on the books for years but currently don't allow storefront businesses.
That means big business for companies well-positioned to capitalize on changes in legislation. Medical Marijuana, Inc. (OTC: MJNA), an industry leader, recently reported earnings of approximately $1.47 million on gross revenues of $2.40 million for the quarter ended June 30, 2012. That's a gross revenue increase of 1,200 percent quarter-over-quarter when compared to revenue of $196,748 for the quarter that ended June 30, 2011.
Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.
For more information on NTRR's initiatives, please visit www.neutracorp.com/investors.html.
Follow NTRR on Twitter at www.twitter.com/neutracorp.
About Neutra Corp.
Neutra Corp. (www.neutracorp.com) is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products and services as well as protective, anti-microbial coatings for indoor and outdoor surfaces. For investing information and performance data, please visit www.neutracorp.com/investors.html.
Notice Regarding Forward-Looking Statements
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words "believes," "expects," "anticipate" or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause the actual results, performance or achievements of the company to differ materially from those expressed or implied by such forward-looking statements. In addition, description of anyone's past success, either financial or strategic, is no guarantee of future success. This news release speaks as of the date first set forth above and the company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Cindy Morrissey, 813-367-2041
President and CEO
KEYWORDS: United States North America Florida
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