TAMPA, Fla.--(BUSINESS WIRE)--July 22, 2014--
Even as the state of Washington became the second to begin allowing recreational cannabis sales last week, Neutra Corp. (OTCBB: NTRR) and other business ancillary to the cannabis marketplace are already eying the potential for even larger marketplaces to the south. SF Weekly reported last week that demand for recreational cannabis in California could top an astounding $2.1 trillion.
Basing the estimate on demand shown from Colorado’s eight million residents, the report speculates that California’s much-larger population could demand 2.1 million pounds of herb. At $1,000 per pound, that adds up to $2.1 trillion.
“The potential marketplace in California and other large states is simply staggering,” said NTRR CEO Sydney Jim. “We expect that California will adopt legislation in favor of recreational cannabis in the coming years, and we plan to be ready when it does.”
NTRR is working to capitalize on the nationwide wave of cannabis decriminalization and legalization by offering new advances in nutraceutical cultivation and delivery. The company is working to assist partner Vertigo Technologies in delivering a turn-key solution for indoor horticulturalists that could be especially useful for growers in an industry in which year-round yields and speedy production are especially crucial to business.
Last week, NTRR also announced that it ordered the first production run of a new vapor pen featuring customizable power levels, multi-substance vaporization capacity and best-in-class durability, making it a unique and groundbreaking product in the fast-growing vaporization industry.
By providing a variety of new technologies designed to ensure safer, more reliable access to cannabis in approved markets, Neutra Corp. plans to compete alongside Cannabis Science, Inc. (OTCBB: CBIS), Medical Marijuana Inc. (OTCBB: MJNA) and Vape Holdings Inc. (OTCBB: VAPE), delivering technological advancements in the cultivation and processing of cannabis in approved markets.
About Neutra Corp.
Neutra Corp. is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products. For investing information and performance data, please visit www.neutracorp.com.
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 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.
CONTACT: Neutra Corp.
Sydney Jim, 813-367-2041
President and CEO
SOURCE: Neutra Corp. Copyright Business Wire 2014
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