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 reportedearnings 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 table 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 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.
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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.
Cindy Morrissey, 713-821-1486
President and CEO
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