By Business Wirevia The Motley Fool
Filed under: Investing
NTRR Adds Seasoned Executive for Explosive New Opportunities in Medical Marijuana Industry
SARASOTA, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR), an innovator in all-natural wellness solutions, announced the addition of Sydney Jim to its executive management team today. Mr. Jim will be working alongside CEO Cindy Morrissey, exploring promising new business opportunities in the U.S. medical marijuana (MMJ) industry and other markets.
Since 2011, Mr. Jim has served as Vice President of Business Development for Rockspring Capital, a Houston-based private equity firm with more than $260 million in assets. NTRR will rely on his expertise in implementing solid business strategy as the company pursues new deals and partnerships throughout the nutraceuticals sector.
For now, though, breaking into the booming medicinal cannabis industry remains one of the company’s top priorities.
“The medical marijuana industry is booming in markets all over the country, and Sydney will be of invaluable assistance as we work to grow our market share,” Morrissey said. “We’ve already made plans to visit potential targets in California and possibly Colorado this month.”
Since 1996, 18 states and the District of Columbia have approved marijuana for medical usage, and the number is growing. Most recently, 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.
Neutra Corp. is dedicated to commercializing innovative, all-natural products to compete in the fast-growing wellness sector alongside Herbalife Ltd. (NYS: HLF) , Vitamin Shoppe (NYS: VSI) , Nutraceutical International Corp. (NAS: NUTR) and Schiff Nutrition International Inc. (NYS: WNI) .
For more information on NTRR‘s initiatives, please visit www.neutracorp.com/investors.html.
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. The company is currently working to produce a full range of products to address every component of a healthy lifestyle, including addiction recovery, weight loss and general wellness through a daily nutrition regimen. For investing information and performance data, please visit www.neutracorp.com/investors.html.
Source: FULL ARTICLE at DailyFinance