Dear Shareholders,
NutraNomics is not in the habit of responding to negativity, false statements and destructive behavior. We encourage challenging opinions and constructive insight. To reiterate, Mr. Waldron is not part of our operations or our future. The intent and collaboration with Mr. Waldron was an opportunity to elevate both organizations to prosper and strengthen the collective portfolio. However, NutraNomics will always lead and prioritize the highest level of integrity for its current and future shareholders. This was very challenging for Mr. Waldron, so therefore there is no point in discussing him further.
For most investors, that will not be enough, however. This will be the last and only reference NNRX makes with regards to this situation. The merger failed for several reasons, not just one. Primarily the merger failed because Mr. Waldron issued his termination of merger letter in response to the final set of documents meant to finalize the merger. When all is said and done, Waldron failed to perform on many fronts:
•Provide historical evidence of his ability to perform – No financials or verification of income in any historical window was provided as required by the final merger documents despite two months of requests.
•Provide any evidence of land owned or under lease – No leases were provide, nor land found under Hidden River Hemp. No acreage was provided as required by the merger documents.
•Farming in Maine is not currently legal – there is a moratorium on farming in Maine for all cannabis and hemp. Waldron attempted to commit NNRX to the purchase of a building for a genetics/cultivar lab in Maine without 1) having any licensing possible for the location and 2) signed his name to a contract to purchase when only the CEO of the company can commit the organization to a purchase of this magnitude. In the best light possible, this represents gross negligence.
•Demanded a ‘Weinstein Waiver’ to assure he wouldn’t be dismissed for demeaning and misogynistic comments made by him at any time during his tenure.
•Demanded a “Super Vote” on the board of directors so that he could overrule all other parties.
•Never provided legal structure documents for either Hidden River Hemp or GenOne12, the last of which was determined not to be a formal entity at the time the Legally Binding LOI was signed.
•Debt was disclosed but materially different than what was revealed by the lawsuit.
We did see his irresponsible and unsubstantiated video. That and the supporting website makes us really sad for him and for his family.
We all move on now!
Sincerely,
Jonathan Bishop
CEO NutraNomics
OTC:NNRX
