NTRR Set to Wrap Negotiations with Cannabis Technology Innovator
SARASOTA, Fla.--(BUSINESS WIRE)-- After a successful meeting in Los Angeles last week, Cannabis Technologies, Inc., the medical marijuana subsidiary of Neutra Corp. (OTCBB: NTRR), announced today that it will move forward with a new agreement with a California-based developer of innovative cannabis delivery systems.
The LOI will be the first step toward a new joint venture with the emerging provider of cannabinoid delivery-system products, which include high-tech vaporizers. Cannabis Technologies, Inc., is pursuing an aggressive expansion strategy in 2013. The company expects to sign another letter of intent in the coming days to partner with a second company specializing in oral delivery systems for cannabinoids, as well.
Smoke-free cannabinoid delivery systems have exploded in popularity with medical marijuana (MMJ) users in recent years. Vaporizers, throat sprays, transdermal patches and other innovations deliver the same therapeutic effects of the drug without the potential dangers and restrictions associated with more traditional pipes and cigarettes.
Through its Los Angeles-based subsidiary, NTRR is working to help introduce the next wave of healthier, more efficient delivery systems to the explosive $1.7 billion MMJ market. The company has made California the staging point for these efforts. 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. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Terra Tech Corp. (OTCBB: 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.
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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
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