|
| [March 22, 2013] |
 |
NTRR Plans to Enter Booming Medical Marijuana Industry as More States Consider Legalization
SARASOTA, Fla. --(Business Wire)--
As more and more states relax laws restricting the use of medical
marijuana, Neutra Corp. (OTCBB: NTRR), an innovator in natural solutions
for living a healthier, happier life, is considering highly promising
new opportunities on the technology and support side of the budding
industry.
Nationwide, the tide appears to be turning in favor of medicinal
cannabis. That means big business for companies well-positioned to
capitalize on changes in legislation. Medical Marijuana, Inc. (OTC:
MJNA), an industry leader, recently reported earnings of
approximately $1.47 million on gross revenues of $2.40 million for the
quarter ended June 30, 2012. That's a gross revenue increase of 1,200
percent quarter-over-quarter when compared to revenue of $196,748 for
the quarter that ended June 30, 2011.
"The medical marijuana industry is growing at a lightning-fast pace in
markets all over the country, and we need additional manpower to fully
capitalize on that growth," Morrissey said. "We've already made plans to
visit potential targets in California and possibly Colorado before the
end of April. We are investigating new methods of product delivery aimed
at a broader market as well as potential partnerships with cutting-edge
research and development companies with innovative ideas."
Since 1996, 18 states and the District of Columbia have approved
marijuana for medical usage, and the number is growing. Last year,
Colorado and Washington passed laws legalizing the use of marijuana.
Bills to legalize medical cannabis dispensaries are now on the tble in
Oregon and Nevada, two states that have had MMJ laws on the books for
years but currently don't allow storefront businesses. This week in New
Hampshire, state representatives passed a bill in support of
establishing a New Hampshire program.
Neutra Corp. is dedicated to commercializing innovative, all-natural
products to compete in the fast-growing medical marijuana sector
alongside Cannabis Science Inc. (PINK: CBIS), Medical Marijuana Inc.
(PINK: MJNA), HEMP Inc. (PINK: HEMP) and Growlife Inc. (OTC: PHOT).
For more information on NTRR's initiatives, please visit www.neutracorp.com/investors.
Follow NTRR on Twitter (News - Alert) at www.twitter.com/neutracorp.
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.
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.

[ Back To Technology News's Homepage ]
|