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Nutranomics Inc NNRX:OTC Pink - No Information
NutraNomics, Inc. (NNRX) Announces Hemp Industry Award Recognition and Reveals Updated Logo Design
GlobeNewswire
6:32 AM ET
via NEWMEDIAWIRE -- NutraNomics (NNRX) executives were in Las Vegas last week to receive Nevada Hemp Association's American Hemp Award "Advancements in Hemp Cultivation". The award was presented by the President of the Association, Michael Whalen, at the Jack Herer Cup Event on December 12th in Las Vegas. "NutraNomics is taking hemp cultivation and procurement to a much higher level. They are a big part of why the United States now leads the World in Hemp production on total acreage and volume per acre," says Michael Whalen. "If anyone deserves this award it is NutraNomics. This is an American company that has proven it has what it takes to innovate and dominate on a global scale."
NutraNomics has been successful in advancing broad-scale cultivation approaches in the creati on of farm-focused assistance for their farming consortium. This will facilitate the procurement required to fulfill considerable active contracts with a designated laboratory facility for extraction of hemp to CBD. "Our progress in the areas of cultivation and procurement were born of necessity to honor our contracts," says Jonathan Bishop, CEO of NutraNomics. "Our initial goal was to secure the sale and extraction of our own grow but evolved to help solve an industry-wide challenge for farmers trying to liquidate their biomass. With the anticipated growth in our Agriculture and Wholesale Materials divisions, NutraNomics has the potential to be the largest, fully integrated, seed-to-sale-to-product company in the US, serving both domestic and international demand."
NutraNomics is strategically and laser-focused on cultivation support, having identified the characteristics that create havoc in the wholesale of US-grown hemp. In transitioning from what has been a broker driven market, NutraNomics has identified the strengths of participation as an asset driven cultivator and direct purchaser, providing transactional customer compliance and support, record keeping, and security structures to NNRX's own grow as well as their farmer consortium. Working with NutraNomics is a direct to source relationship for any laboratory's needs.
NutraNomics announces the launch of its new corporate brand identity. The changes come at a time when the company is evolving its service and product offerings.
"We are redesigning our digital presence in tandem with the updated look and feel of NutraNomics," according to Laura Riffel, Chief Operations Officer. "Our logo changes are subtle, but presents a stronger emphasis on the scientific approach to our products with a simplified color scheme and profile. Our new websites and brand identity reflect our focus on the reformulated nutraceuticals with a heavy emphasis on the scientific application of nano delivery techniques."
NutraNomics' current website will transition to an e-commerce platform, which will be the home of the traditional nano-spray nutraceuticals. The investor relation site currently located at www.nutranomics.com will transition in Q1, and a new in vestor relation site will be located at www.NNRXIR.com with expanded and updated company information reflecting company growth into the hemp industry.
SAFE HARBOR STATEMENT
This release may contain certain forward-looking statements regarding our prospective performance and strategies 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. We intend such forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and are including this statement for purposes of said safe harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies, and expectations of our company, are generally identified by use of words "anticipate," "believe," "estimate," "expect," "intend," "plan," "project," "seek," "strive," "try," or future or conditional verbs such as "could," "may," "should," "will," "would," or similar expressions. Our ability to predict results or the actual effects of our plans or strategies is inherently uncertain. Accordingly, Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Some of the factors that could cause our actual results to differ from our expectations or beliefs include, without limitation, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this release. Except as required by applicable law or regulation, we undertake no obligation to update these forward-looking statements to reflect events or circumstances that occur after the date on which such statements were made.
Investor Relations 8665616679 IR@ nutranomics.com https://ml.globenewswire.com/media/fe6da432-ce89-4edc-9420-6d017406bf4c/small/nu5dfaa4067121d500045b133d-1-png.png
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Now I just gamble on penny stocks the odds are better, go figure,
Don't get hook on the Casinos, lost a few bucks there till I quite.
In NJ near Cherry Hill about the same traffic as Clearwater.
To much traffic over there, I'm in cow country around lake.
Lake Kissimmee.
Commercial or residential flooring? I’ve been Union Carpenter for 52 years before I retired, 41 of which as a Superintendent/Co. Executive. I’ve been retired for 5 years now and still not use to it. Get up at 5:30am and run on about 6hrs sleep, go figure. House paid and split my time between Fl. and NJ, still like to make a lot of money to buy a mobile RV (Winne’s Reval) and travel country for a couple of years.
Thank you very much!
Upline999 I agree with you that the lack of filings and information, which they said were coming, is frustrating. But, it is not a breach of SEC rules. I am guessing when February roles around we are going to see quite a bit of information and when the First Quarter of 2020’ Report comes out, we will be greatly surprised in a good way. Things seem to be/are taking longer than they anticipated, I can only assume they want to release the whole picture at one time and not peace mill it. Like you I am committed to NNRX by the number of shares I own, and can only say that I will hold till they go bust or start showing a profit and the pps goes way up. I may not like it but it is what it is, and I plan on making the best of it. I will not let it get me down or spoil the Holidays by worrying about it.
If you look directly below the stop sign, it states "for the lack of information". The stop sign went back up because of lack of filings/information. By filing the 15-12G in 2018', they are not required to release filings/information. OTC’s procedures are to put up the stop sign when information is lacking, it is NOT for any other reason and is not a requirement of the SEC under 15-12G.
They went dark in July of 2018’ by filing a form 15-12(g) with the SEC and have NOT filed to emerge from darkness. Following the SEC rules, they are not required to do any reporting. Any information they have released they have done on there own accord and were not required to do so.
What “Going Dark” Means
“Going dark” refers to the process of voluntarily de-listing a public company’s shares from a national securities exchange or inter-dealer quotation system (if so listed or quoted) and subsequently de-registering the shares under the Exchange Act, thus suspending or terminating the company’s public reporting obligations under the Exchange Act".
When did NNRX filed to emerge from being “Dark”, I looked through the news, filings and disclosures, and could not find any reference of them emerging from being “Dark”. It is my understanding that they are still "Dark". Could you direct me to the article where they emerged.
No one should invest in a sub penny stock with out realizing that they can loose money. By nature, sub penny stocks most of the time spend more money than they make and a larger percentage go under than make it big. Investing in sub penny stocks is just one-step above out right gambling. If one wishes to invest with a guarantee of not loosing money, one should buy saving bonds.
NNRX is not a farming company! They entered into a partnership with “Ca Finest” to have access to there Hemp fields and Shelf space in there outlets, as well as to have access to there contact’s. I have no dough that they purchased Hemp product from “Ca Finest” and the pictures were taken in there fields (they are part our fields now in the agreement). They are Partners now (definition: of partners = mutual benefit). Of course they used money to buy Hemp product, they are forming a CO-OP for Hemp. It is not our money it’s there money. We bough shares in there company in hopes of making a profit as the company grows, we did not give it to them. All shares holders own part of the company, we should be promoting it not down grading it.
It appears I was wrong about PPS going back to .0001. I must admit; it is a surprise to me that any one would sell there shares at that price though. I think someone or some company is picking up cheep shares. We will never know whom, unless it is NNRX doing some buy backs, which will show when 1st Quarter comes out.
It appears to me that NNRX is forming a Co-Op for Farmers in the Hemp Industry. Which is much more logical than buying and maintaining; farmland, buildings, machinery, hiring help, taxes, payroll, healthcare, and who knows what else? Then having to grow and harvest the product.
Farming Co-op’s are formed for all kind of farm products and are a very lucrative business. They contract with farmers to sale only to them and set a fix price for their product. They are also a place for farmers to go for information, seed, and the latest growing guidelines. At that point, NNRX owns the product to do with what they want. I can find no fault in the approach they are taking and it involves a lot less capital up front.
If you go to California Finest website, you will see that they also refer to a partnership with NNRX. As for income, we do not know there finances, I do not believe the people that have joined NNRX are doing so for nothing. There has to be financing somewhere. California Finest, a going concern, would not collaborate with NNRX without doing some research and financing check. NNRX’s history is publicly available, the people and businesses would not be joining into agreements with NNRX if there were not something going on.
Don’t think there going to move the needle any, the four that I see below .0002 for the day were for $5.52, $13, $2.30 and the last one was for .30 cents. Someone has more time on there hands than brains.
Don’t stick your neck out to far. I think when the End of Year and the 1st Quarter Reports come out on a positive note, we will be over 1 cent and I think I am being conservative.
I forget who posted it but they said, “a year ago there were whales circling around”. Those whales are still around in the background waiting to see a move. They can wait to see it go back to a penny and then jump in then with large trades and still make big gains with a lot lower risk.
No one selling the .0001’s, ask is .0003… Don’t think we will see the .0001’s again.
Like your attitude, win some loose some. I’ve been holding since Dec. 2014 past up two sell points since then. Some days I fill like kicking myself, other days I just say it will be back again. Still holding, know it will come back again. Hope you didn’t sell, stock has been around a long time it will make another surge in the future. After you loose so much there is no since selling, a loss isn’t a loss until you sell.
That’s because OTC hasn’t updated the company info, both address and phone number are wrong on OTC’s site.
Just my Opinion: I am guessing that they will be up to date by the time January’s Q report comes due. Many things should be in place by then and should be able to give a good forecast by then as well.
There is no buying; they will be selling product through the co-op and partners. They are in the process of building a marketing consortium for many products. If you notice the wording, they are using the phrase “we have” not we will be. This means completed not planning to complete.
Companies grow they don't start out at the top. Large selling of products will come, and as for Billions of profit, keep dreaming.
New Post from NNRX
NutraNomics Expands Biomass Acquisition in Tandem With CA Finest Product Line Expansions
Press Release | 12/04/2019
Huntington Beach, CA, Dec. 04, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NutraNomics, Inc. (NNRX), a premier manufacturer of nutraceutical products now formulating with CBD, has finalized an agreement with their partners, California Finest, to collaborate and create a series of products and build new brand lines that appeal to domestic and international audiences. These new CBD lines will feature the scientific advantages and formulations utilizing nano, created with guidance and vision of the science team at Tempus Bio Technologies.
“This is an excellent opportunity for both of our companies,” states Carl Morcate, VP/Business Relations. “California Finest enjoys a history in the farming, processing, and marketing of these products and holds some of the highest honors and awards in the industry, since its inception.” He goes on to say that with their expansion into more land, more products, and international exposure, a partnership with a company such as NutraNomics makes perfect sense.
“Creation of this strategic alliance strengthens each partner’s stake in a competitive and evolving field,” stated Laura Riffel, Chief Operations Officer for NutraNomics, Inc. “We expect a lot of clarity and regulation to make its way into the CBD product space, which we see as an opportunity. There will be a thinning of the number of products and brands that meet minimum standards set by the government. NutraNomics and California Finest intend to surface at the head of the pack with the best products and education available to consumers.”
The latest achievement between these pioneering companies is in the finalization of an agreement with a third company to provide high quality extracted material and the acquisition of millions of pounds of material for conversion to CBD. This extraction will be specific to the needs of the cutting-edge products, but also responsible and forward-looking to future needs in the hemp markets. “By positioning NutraNomics with a knowledgeable and highly regarded cultivator like California Finest, we can reliably be the first to market with new strains,” says Jonathan Bishop, CEO of NutraNomics. “Our vision of providing strain-specific solutions to customer’s needs is forefront in our planning and strategy.”
Cultivation development in tandem with product development will come into focus as the science of each matures. This will be further advanced through our Wholesale Materials Team and the inclusion of U.S. based farms and consortiums in need of guidance in the planting, harvesting and wholesaling of hemp and hemp byproducts. The contract executed with the extraction company provides NutraNomics the ability to facilitate significant volumes of hemp at market price, providing value to both the extractor and the farmer. “Through our unique structure and existing agreements, the Wholesale Materials Team is in a position to acquire nearly unlimited amounts of hemp biomass,” according to Geoff Bazegian, Senior Vice President of Wholesale Materials. “We are building a platform designed to assist small and medium farms with everything from a wholesale platform to a formal investment in the farm designed to provide the specific genetics being requested on the open market.” Once fully implemented, the tiered farming opportunity will create a partnership with farmers designed to maximize the success of each farm based on their location, experience, and goals.
Don’t get the wrong impression on NNRX’s hemp sales. They do not own the farms.
This is a statement in there October 21st post. “Currently, NutraNomics has a vibrant stable of farmers that look to NNRX for the sale of their hemp to the market. The Wholesale Materials team has streamlined and created unmatched transparency in the transactional process to serve our co-op of farmers already under NutraNomics guidance and care.”
They are brokering the sale of hemp from famers in the Co-Op they are creating. They will be deriving a profit from a percentage of sales. (Profit derived from this will build the company for future investments with little initial capital outlay).
The sale of hemp is only one of the ways NNRX plans to make monies off the Hemp Market. NNRX is planning to have many fingers in the Hemp Market.
Over time, one forgets what they read in the past posts from NNRX. It would pay everyone to re-read the post from the beginning October until now. NNRX is planning to have many fingers in the Hemp Market.
please explain, who made what and how?
Bishop’s duty as CEO of NNRX is to grow the company, which in turns helps everyone who has invested in the company.
The company went dark for a reason. Why would they want the competition know what they are up to and possibly interfere with them or even take prospective clients and farms from them. News will come when it is appropriate.
Hope every one had a Great Thanksgiving Dinner! Don’t forget to leave a little room for Pie!
Now if only NNRX would give us some Good News tomorrow, it would make a perfect Thanksgiving weekend.
ANOTHER GOOGLE:
hemp right now is worth the regulatory headaches, even with higher production lowering the value of the crop this year. Hemp grown for cannabidiol (CBD) in Colorado has lost more than one-quarter of its value since last year but still averages more than $50,000 per acre. The math breaks down like this: An acre, on average, will produce roughly 1,740 pounds of plants, but the dried flower weight breaks about 3/4 a pound, or about 1,305 pounds. CBD is on average about 10% of the biomass. CBD is now valued at about $3.90 per point (it averaged $5 per point last year). At a 10% average, that equals $39 a pound. Total pounds of 1,305 X $39 = $50,895 per acre.
The per-acre value climbs with higher-quality hemp that can produce more CBD oil. McCall noted some better plant varieties can produce 15% CBD oil, and the best varieties are often grown indoors to avoid pollination and can hit about 18%.
GOOGLE COST:
High-CBD Hemp plant flowers called ”A” buds sell for $300-450 per pound and represent around 10% of the plant.
The rest of the plant (excluding straw) is called ”Biomass” and goes for around $35 - 70/lb depending on time of year.
Two's are gone on Level II Ask quotes.
Three’s will be back soon, two’s are down to 700,000 on TD’s level II.
"AGREED"
Speaking of NNRX not speaking out enough and Bi-monthly PR’s, has any on notice what’s been going on since the beginning of October. Seams like more than bi-monthly two me.
NOTABLE POST
Nov 11 (NutraNomics, Inc. Announces New Executive Team Member in Operations.)
Nov 05 (For inquiries regarding biomass, please contact Geoff Bazegian, SVP Wholesale Materials: gbazegian@nutranomics.com)
Nov 04 (NutraNomics, Inc. Announces Joint Venture with California Finest Hemp. Read more here:)
Oct 21 (NutraNomics, Inc. Announces New Executive Team Members in Agriculture and Wholesale Materials Management)
Oct 04 (NutraNomics, Inc Strengthens Strategic Partners While Investing in Cutting-Edge Reformulation of Plant-Based Nutraceuticals. Read more here:)
OTHER POST
Nov 01 (pic.)
Nov 03 (pic. and SVP Wholesale Materials Contact)
Nov 08 (two posts) ( one of which shows link to instagram)
Here is a question for all. If this company is so bad, then why is there almost a Billion Shares on the Bid Side of the trades? Are there that many bad traders out there or do they think something is about to happen?
An interesting read for everyone, try googling "What is meant by treasury stock?"
Many viable companies out there have a negative cash flow. They borrow money to keep the company moving, when these debts become due and there is not sufficient funds, one of there options is using treasury stock. There would be no reason for having it in the first place if not to use to raise cash. The reason a company goes public is the first place is to raise cash by selling shares in the company to raise cash to allow it to grow.
Here is a answer to a question asked on the internet when goggling “treasury stock”.
Question: “Why would a company have Treasury Stock”
Answer: “Treasury stock is often a form of reserved stock set aside to raise funds or pay for future investments. Companies may use treasury stock to pay for an investment or acquisition of competing businesses. These shares can also be reissued to existing shareholders to reduce dilution from incentive compensation plans.”