Neutra Corp. (NTRR) Strengthens its Health and Nutritional Product Line with Strategic Purchase of Emerging CBD Retail Brand

  • 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://cnw.fm/qNaW4).

“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://cnw.fm/6MJmx). 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://cnw.fm/ye4RM).

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://cnw.fm/95ZCd).

“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://cnw.fm/Fjg27). 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://cnw.fm/NTRR

About CBDWire

CBDWire (CBDW) is a specialized information provider focused on (1) reporting CBD-related news and updates, (2) releasing CBDNewsBreaks crafted to keep investors abreast of the latest and greatest in the CBD market, (3) refining and enhancing corporate press releases, (4) delivering end-to-end distribution and social media services to client-partners and (5) constructing effective corporate communication solutions based on the unique requirements of CBD companies. CBDW is exclusively positioned in the burgeoning CBD sector with a proven team of journalists and researchers working to deliver high quality content to an expansive target audience of investors, consumers and industry news outlets. Our dissemination network of over 5,000 downstream distribution points allows us to deliver unparalleled reach, visibility and recognition to companies operating in both cannabidiol and the wider cannabis space. CBDWire (CBDW) is where CBD news, content and information converge.

To receive instant SMS alerts, text CBDWire to 21000 (U.S. Mobile Phones Only)

For more information please visit https://www.CBDWire.com

Please see full terms of use and disclaimers on the CBDWire website applicable to all content provided by CBDW, wherever published or re-published: https://CBDWire.com/Disclaimer

Do you have a questions or are you interested in working with CNW? Ask Our Editor

CBDWire (CBDW)
Denver, Colorado
www.CBDWire.com
303.498.7722 Office
Editor@CBDWire.com

Archives

Select A Month

CBDWire Currently Accepts

Bitcoin

Bitcoin

Bitcoin Cash

Bitcoin Cash

Ethereum

Ethereum

Litecoin

Litecoin

USD Coin

USD Coin

Contact us: 303.498.7722