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NTRR Leadership to Meet With Medical Marijuana Experts in California

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By Business Wirevia The Motley Fool

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NTRR Leadership to Meet With Medical Marijuana Experts in California

MIRAMAR BEACH, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR), a provider of all-natural wellness solutions, announced today that its executive leadership will travel to California next week to meet with veteran experts on that state’s medical marijuana (MMJ) industry.

California’s medical marijuana program was approved by state voters in 1996. The state is the largest MMJ market in the U.S., with an estimated 750,000 qualified patients. It’s a marketplace NTRR is working hard to break into to compete in the $17 billion U.S. MMJ sector.

The trip will be a fact-finding mission for the company, which is exploring potentially lucrative new opportunities in the blossoming MMJ sector nationwide. NTRR leadership will meet with lab technicians, growers, dispensary owners, product developers and others to learn more about technologies, systems, products and processes that might be improved through innovation.

“We want to find out what will make their lives easier and more efficient, and what new trends appear on the horizon for this industry,” said NTRR CEO Cindy Morrissey. “The MMJ sector is growing at an unprecedented rate, and we’re working to position NTRR on the cutting edge.”

Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.

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, 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.html.

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 …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

NTRR Works to Enhance Management Team to Capitalize on Multi-Billion-Dollar Cannabis Opportunities

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By Business Wirevia The Motley Fool

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NTRR Works to Enhance Management Team to Capitalize on Multi-Billion-Dollar Cannabis Opportunities

SARASOTA, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR) announced today that the company is seeking out potential additions to its executive management team to help explore promising new business opportunities in the fast-growing medical marijuana (MMJ) industry in the U.S.

NTRR is looking for candidates with expertise in business development as the company pursues new deals and partnerships in the technology and support side of the budding MMJ industry.

“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’re making plans to visit potential targets around the country 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.

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.

Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.

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, 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.html.

Notice Regarding Forward-Looking Statements

Safe Harbor …read more

Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

NTRR Forms New Cannabis Subsidiary to Capitalize on Booming Billion-Dollar Cannabis Market

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By Business Wirevia The Motley Fool

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NTRR Forms New Cannabis Subsidiary to Capitalize on Booming Billion-Dollar Cannabis Market

SARASOTA, Fla.–(BUSINESS WIRE)– Neutra Corp. (OTCBB: NTRR), a growing provider of all-natural health remedies, announced today that it’s forming a new subsidiary—Cannabis Technologies, Inc.—to engineer the company’s entry into the billion-dollar medical marijuana (MMJ) market.

Medicinal cannabis is a big business that’s getting bigger every day—potentially rising to $6 billion by 2018, according to a new study released by Colorado-based MMJ Business Daily. Prescription cannabis is currently available in 18 states and Washington, D.C., with 11 more states considering legislation to legalize the drug for medical use.

NTRR is working to capitalize on that growth by seeking out new, emerging partners ready to develop and market innovations in the processing and use of cannabis-derived nutraceutical treatments for illnesses from cancer and arthritis to simple headaches and insomnia. Cannabis Technologies, Inc., will soon be placed in charge of those efforts, while the parent company pursues equally promising opportunities in other sectors, including the multi-billion dollar “green hygiene” industry.

To that end, the company signed an option with Purlife Distributors, Inc., the exclusive Canadian distributor of a patent-pending water-based solution that forms an invisible, long-lasting coating that actively protects surfaces from the build-up of bacteria, molds, germs and allergens.

Through its new Los Angeles-based MMJ subsidiary, Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (PINK: CBIS), Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (PINK: TRTC), enabling technological advancements in the cultivation and processing of cannabis in approved markets.

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, 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.html.

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 …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Terra Tech Corp. Taps Former Executive Director of the FDA for Advisory Board

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By Business Wirevia The Motley Fool

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Terra Tech Corp. Taps Former Executive Director of the FDA for Advisory Board

IRVINE, Calif.–(BUSINESS WIRE)– Terra Tech Corp. (OTCBB:TRTC), a leader in sustainable agricultural products, is pleased to announce the appointment of Dr. Ronald Hart to the company’s Advisory Board.

Dr. Hart is an internationally recognized scientist, scholar and expert in business acceleration strategies for emerging growth companies. He is the former Chief Scientist and Executive Director of the FDA‘s National Center for Toxicology Research and was the first person in the history of the FDA to be named distinguished scientist in residence. In addition, he was an author of the Federal Technology Transfer Act of 1986.

“Dr. Hart’s broad and accomplished background is a significant asset for Terra Tech,” explains Derek A. Peterson, CEO of Terra Tech. “It’s rare you find someone who is both an academic and an operator, we are humbled to have his experienced guidance to help steer our company.”

Dr. Hart has received over two dozen national and international awards and recognition for his scientific contributions, including the Karl August Forester Preis from the German Academy of Science and Literature, the Bose Medal from the Bose Institute of India, and appointments as Distinguished Professor at a number of institutes, including Cairo University and Guangzhou University.

“Companies like Terra Tech are helping find sustainable solutions to feeding our expanding global population,” said Dr. Hart. “It is crucial our global society invest in these types of technologies in an effort to mitigate what could become a global food shortage in the coming decades.”

Terra Tech a pioneer in indoor controlled agriculture equipment is integrating the best of the natural world with technology to create sustainable solutions for food production, indoor cultivation, as well as agricultural research and development. Terra Tech is moving into the production of hydroponically grown produce in an effort to capture market share of what they see as the upcoming urban agricultural movement.

Dr. Hart has served on the boards and advisory committees of the National Academy of Science, including as Chairman of the Committee on Indoor Air. In addition, he has served on the editorial boards of more than a dozen professional journals, has authored or co-authored over 600 scientific publications, and has served as editor for six scientific volumes. Dr. Hart serves either as a director or as a strategic advisor to public and private companies, including: Guided Therapeutics, St. Renatus, Global Technology Deployment Fund, Ice Energy, and SNTech. Dr. Hart received his Ph.D. in physiology and biophysics from the …read more
Source: FULL ARTICLE at DailyFinance

Business, Finance, Occupation & Industry

Terra Tech Corp.: Issues Corporate Update on GroRite and NB Plants Merger and Recent Financing

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By Business Wirevia The Motley Fool

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Terra Tech Corp.: Issues Corporate Update on GroRite and NB Plants Merger and Recent Financing

IRVINE, Calif.–(BUSINESS WIRE)– Terra Tech Corp. (OTCBB: TRTC), a leader in sustainable agricultural products, releases merger update with both GroRite Garden Centers and NB Plants/ Edible Garden and discusses their recent $825,000 financing.

Terra Tech recently announced signing LOI‘s to acquire two companies, GroRite Garden Center and NB Plants/ Edible Garden brand. Upon a successful merger these two acquisitions will push annual revenue for Terra Tech to over $10 million. Both companies are cash flow and net income positive. Currently the Edible Garden brand can be found at Shoprite, Food Emporium in over 280 retailers throughout New Jersey, New York, Connecticut, Delaware, Maryland, and Pennsylvania. GroRite is a gardening superstore with retail shopping situated on over 8 acres in Lincoln Park, NJ.

As we have previously stated the company is currently working towards definitive documents to close the transaction and determined it was important to make investors aware of the progress and details. To date Terra Tech has finished negotiating terms with both entities and are finalizing the documents and the structure of the transaction. Both NB Plants and GroRite have working capital lines of credit amounting to $1.8 million in place. The lines had certain covenants that wouldn’t transfer over to the new merged entity. Presently Terra Tech and the VandeVrede’s are refinancing these instruments, which has caused a delay for closing the merger. Both parties are confident the new lines will be set up within a few weeks.

“As you navigate through the process of closing a deal of this magnitude you uncover additional variables that need to be addressed, it is important for us to close this within the second quarter as this is a significant fiscal period for us,” said Ken VandeVrede COO of Terra Tech and President of GroRite. “Closing this merger is the priority for Terra Tech as well as my family. We have aggressive growth plans for the next 24 months that include expansion into additional markets.”

Terra Tech announced yesterday the completion of the sale of $825,000 of convertible debentures. Aegis Capital Corp. acted as placement agent for the offering. The proceeds of the offering are critical for management to execute on its growth strategy. Terra Tech and NB Plants have recently announced they are purchasing and constructing an additional five acres of greenhouse on the Belvidere property. This round of funding allows the company to finalize the purchase and begin construction of a new facility, which we anticipate will produce significant revenues for the company. The anticipated …read more
Source: FULL ARTICLE at DailyFinance

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NTRR: $1.7 Billion Medical Marijuana Market Set to Explode as 'Green Rush' Gathers Steam

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By Business Wirevia The Motley Fool

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NTRR: $1.7 Billion Medical Marijuana Market Set to Explode as ‘Green Rush’ Gathers Steam

TAMPA, Fla.–(BUSINESS WIRE)– The incredible growth of the $142 billion global nutraceuticals industry has been driven by any number of medicinal herbs over the years, and that trend appears to be continuing in 2013. Neutra Corp. (OTCBB: NTRR) believes that the biggest story in nutraceuticals this year will stem from one of the world’s most popular medicinal herbs: Cannabis.

Medical marijuana is already big business. Prescription cannabis is now available in 18 states and Washington, D.C., with 11 more states considering legislation to legalize the drug for medical use. Currently, the medical marijuana market in the U.S. is worth $1.7 billion, with that figure expected to rise as more and more markets open up across the country.

For NTRR and other nutraceutical companies, the changing laws represent a huge opportunity.

“New technologies capable of extracting medically useful Cannabidoil (CBD) from cannabis and hemp are the future of nutraceuticals,” said NTRR CEO Cindy Morrissey. “CBD can be formulated into any number of existing, all-natural products and treatments, and there’s no question that demand for such products is sky-high and still growing.”

NTRR is seeking out new, emerging partners ready to develop and market innovations in the processing and use of cannabis-derived nutraceutical treatments for illnesses from cancer and arthritis to simple headaches and insomnia.

Neutra Corp. plans to follow in the footsteps of other successful public companies, including Cannabis Science, Inc. (NAS: CBIS) , Medical Marijuana Inc. (PINK: MJNA) and Terra Tech Corp. (NAS: TRTC) , enabling technological advancements in the cultivation and processing of cannabis in approved markets.

“This is a whole new industry, essentially, and the ‘green rush’ to capitalize is fully underway,” Morrissey said.

The company is also pursuing innovations in anti-microbial coatings for surfaces in hospitals and other public spaces. Neutra Corp. is dedicated to commercializing innovative, all-natural products to compete in the fast-growing wellness sector alongside Herbalife Ltd. (NYS: HLF) and Nutraceutical International Corp. (NAS: NUTR) .

For more information on NTRR‘s nutraceuticals initiative, please visit www.neutracorp.com/investors.

Follow NTRR on Twitter at www.twitter.com/neutracorp.

About Neutra Corp.

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Source: FULL ARTICLE at DailyFinance