NTRR to Deliver Innovations in $1.7 Billion MMJ Marketplace
SARASOTA, Fla.--(BUSINESS WIRE)-- Less than a week after forming a new joint venture to capitalize on the rapid rise of the $1.7 billion U.S. medical marijuana (MMJ) market, Neutra Corp. (OTCBB: NTRR) continues to target potential industry partnerships in order to achieve its aggressive expansion goals for 2013. Today, the company announced that it has signed a letter of intent (LOI) to help deliver new innovations that could slash the time and work required to prepare medicinal cannabis for dispensary shelves.
Under the terms of the LOI, NTRR has entered into joint venture negotiations with Vertigo Technologies, LLC, a Wyoming-based developer of cannabis post-production processes. If a definitive agreement is struck, NTRR could soon be assisting in the development and delivery of technologies and systems to make the delivery of medicinal cannabinoids to patients faster and more efficient than ever before.
"Our exhaustive market research has revealed big opportunities for improvement in the MMJ supply chain," said NTRR CEO Sydney Jim. "We believe that Vertigo Technologies is on the verge of some major breakthroughs that could potentially change the production and distribution model in this emerging industry."
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 Wyoming
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