- The
company’s strategic acquisition of Vivis Corp. is expected to help meet
demand for high quality, potent, hemp-extracted CBD consumer products
- U.S.
sales of cannabis- and hemp-derived CBD products are expected to surge to
$20 billion by 2024, with a CAGR of 49 percent
- NTRR’s
acquisition of hemp cultivator J3 Holdings is expected to enable Neutra
Corp. to grow its own hemp supply, ensuring the quality and potency of its
CBD products
Neutra Corp. (OTCQB: NTRR), an early stage research and
development company focusing on modern healthy living solutions, is
concentrating on developing into a vertically integrated company able to
cultivate, manufacture and distribute hemp-based cannabidiol (CBD) products.
Recently announced tactical acquisitions make the company’s intentions clear,
as Neutra Corp. CEO Sydney Jim detailed in a recent interview (http://ibn.fm/iw7KL).
“In 2019 we’re really looking at trying to figure out how to
participate in the hemp-based CBD market. Our overall goal is to become a
vertically integrated company from cultivation to manufacturing to formulation
of products and then to distribution and retail sales,” Jim said in the
interview. “Most of our focus, obviously, is on our quality and our potency of
products, because there is a vast difference between a very cheap product and a
quality product.”
The U.S. cannabis- and hemp-derived CBD market is expected
to reach $20 billion by 2024, driven at a compound annual growth rate of 49
percent, according to leading cannabis researchers BDS Analytics and Arcview
Market Research (http://ibn.fm/WkJPA).
The report predicts that the majority of CBD product sales will soon occur in
general retail stores, rather than in cannabis dispensaries.
Neutra Corp.’s previously announced acquisition of Vivis
Corp., an emerging retail brand of hemp-based health and nutritional products,
is a natural fit for the company. All Vivis CBD products are third-party tested
and certified, assuring the consumer that its hemp-derived CBD products are
contaminant-free and of a consistently high purity (http://ibn.fm/ted6l).
Neutra’s acquisition of J3 Holdings, which currently owns
land, a warehouse and licensing to cultivate hemp and refine it into useable
forms, is expected to enable the company to grow its own hemp supply, giving it
control over the quality of its end products, according to a news
release (http://ibn.fm/M0MjJ).
“This is a big acquisition and a great demonstration of the
continued evolution of our company,” Jim stated in the news release. “This
shows we’re moving forward with our plans to become a serious player in the
ever-growing CBD market. CBD products are rapidly gaining mainstream
acceptance.”
The U.S. Drug Enforcement Administration (DEA) recently
updated its guidance to remind law enforcement that hemp is no longer a
controlled substance and that certain forms of cannabis no longer require DEA
registration to grow, manufacture or research (http://ibn.fm/EHMMn). The
clarification, made August 26, 2019, is a much needed and timely statement in
light of CBD’s growing popularity with the general population.
For more information, visit the company’s website at www.NeutraInc.com
NOTE TO INVESTORS: The latest news and updates
relating to NTRR are available in the company’s newsroom at http://ibn.fm/NTRR
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www.QualityStocks.com
480.374.1336 Office
Editor@QualityStocks.com
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