SUGAR LAND, TX, Dec. 09, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE – Neutra Corp. (NTRR) is continuing to make moves of growth and expansion, this time inking an important letter of intent (LOI) with Power Auto Corporation to acquire a complex that would consist of buildings and land that would allow Neutra to achieve its vertical integration plans.
“This acquisition will give Neutra Corp. its vertically integrated footprint in the Hemp Based CBD Market,” said President Sydney Jim. “With our new retail brand VIVIS making its debut this year, this facility would give us the ability to have the highest consistency and quality of products.”
In the past year, Neutra Corp. has made steady strides in its ongoing bid to capture market share in the rapidly growing hemp-derived CBD market. The respected Hemp Business Journal has predicted sales of hemp-based products could reach $22 billion within three years. In comparison, the same market posted sales of $390 million last year, the publication reported.
CBD is a natural, multi-purpose hemp extracted compound that offers a wide range of health and wellness benefits. Users report relief from anxiety, lessening the effects of seizures, slowing of neurodegenerative disorders, pain relief, and alleviation of certain cancer treatment side effects.
NOTICE REGARDING FORWARD LOOKING STATEMENT
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.
Neutra Corp. (OTC: NTRR) is an early-stage research and development company that’s bringing modern healthy living solutions to a multi-billion dollar market. Cutting-edge technologies within the nutraceuticals, food and drug, and environmental purification sectors are creating a new kind of world culture—one where consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical sub-markets is the new thriving Hemp-based CBD market, in which we intend to participate.