NTRR's Outlook Brightens Further as Cannabis Market Continues Expansion
SARASOTA, Fla.--(BUSINESS WIRE)-- As Neutra Corp. (OTCBB: NTRR) works to deliver new innovations making medical marijuana (MMJ) safer and more effective than ever before, the market for such breakthroughs is expanding rapidly. Just last month, two new state legislatures—Pennsylvania and Alabama—saw favorable cannabis bills formally introduced.
Sen. Daylin Leach of Pennsylvania and Rep. Patricia Todd of Alabama both introduced bill in their respective legislative bodies that could open up potentially lucrative new territory for MMJ innovations. While the future of the drug remains undecided in both states, NTRR executives say that public and legislative support for MMJ is clearly gaining momentum across the country.
"More and more states are choosing to end a prohibition policy that has been destructive, costly and anti-scientific," said NTRR CEO Sydney Jim. "Our company is working to make sure the citizens of these states have access to the best, most effective cannabinoid medications ever developed."
NTRR is working fast to capture a share of a growing marketplace. The emergence of several new markets—including Colorado and Washington—and continued overall growth in medical demand could boost overall MMJ sales to $3 billion in 2014 and $6 billion by 2018.
By providing innovative products and services related to MMJ, 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.
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 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.
Sydney Jim, 713-821-1486
President and CEO
KEYWORDS: United States North America Alabama Florida Pennsylvania
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