NTRR Moves Forward on Equity Financing for Potential Mergers and Acquisitions
SARASOTA, Fla.--(BUSINESS WIRE)-- AsNeutra Corp. (OTCBB: NTRR) closes in on partnering agreements with emerging leaders in the $1.7 billion medical marijuana (MMJ) market, the company entered negotiations this week on a new equity financing opportunity that would provide the funding necessary to carry out its aggressive 2013 mergers and acquisitions strategy.
NTRR is working on completing deals to market and develop technological innovations spurred by the boom in demand for MMJ treatments in California's booming medicinal cannabis sector. Since voters approved California's medical marijuana program in 1996, the state has become home to the largest MMJ market in the U.S., with an estimated 750,000 qualified patients.
The company plans to rely on equity financing to deliver innovations in cannabinoid delivery systems and other medical supplies by attracting potential partners well-positioned for rapid growth in the marketplace.
"We're very close to getting our first deals executed in this space, and we look forward to securing this financing to fully execute our mergers and acquisitions strategy on an aggressive schedule," said NTRR CEO Sydney Jim.
By providing innovative products and services related to MMJ, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (CBIS), Medical Marijuana Inc. (MJNA) and Terra Tech Corp. (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.
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.
Sydney Jim, 813-367-2041
President and CEO
KEYWORDS: United States North America Florida
The article NTRR Moves Forward on Equity Financing for Potential Mergers and Acquisitions originally appeared on Fool.com.
Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.