NTRR Forecasts Growth Timeline
NTRR Forecasts Growth Timeline
SARASOTA, Fla.--(BUSINESS WIRE)-- Neutra Corp. (OTCBB: NTRR), a provider of all-natural wellness solutions, will take a major step forward in its efforts to capitalize on the incredible growth of the medical marijuana (MMJ) sector in the U.S. this week when the company leadership travels to California to finalize a new joint venture agreement.
NTRR is in talks with a Los Angeles-based company that is developing a suite of cannabinoid delivery-system products for the emerging U.S. MMJ market. Smoke-free delivery systems such as vaporizers have exploded in popularity with MMJ users in recent years because they deliver the same therapeutic effect as traditional pipes and cigarette papers without the potential dangers and restrictions associated with smoking.
Once the joint venture agreement is finalized, NTRR plans to release many new details on its new partner and the exciting line of products it will be marketing and developing. The company envisions the partnership as the first of many in the explosive $1.7 billion MMJ market that is growing from coast to coast in the United States.
"The people who profited the most off the California Gold Rush were the men selling the picks and shovels," said NTRR CEO Sydney Jim. "Advanced cannabinoid delivery systems are the picks and shovels of the new Green Rush, and we're positioning NTRR as a top provider of these cutting-edge technologies."
NTRR is making plans to help introduce these new products to the marketplace before the end of the year, driving growth and revenue for the company in the coming months.
NTRR has made California the staging point for its efforts to build market share in the industry by basing its new medicinal cannabis subsidiary—Cannabis Technologies, Inc.—in Los Angeles. 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.
By providing innovative nutraceutical products and services such as new MMJ breakthroughs, Neutra Corp. plans to follow in the footsteps of other successful public companies including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (PINK: TRTC), delivering 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. 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, 713-821-1486
President and CEO
KEYWORDS: United States North America Florida
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