Commentary on press release:
Neutra Corp. (NTRR) continues its efforts towards vertical integration, this time examining the potential of integrating technology into its hemp-based CBD enterprise. The company believes the time is right to add a technological dimension to its operation and that such an addition could lead to greater future growth and expansion opportunities.
BLAH, BLAH, BLAH....more meaningless jibberish about what they hope/pray/think/ponder about doing. Let's add an undefined "technology dimension" of unknown cost or benefit to our already non-existent operations with no assets, no money, no employees and no explanation as to where the millions of dollars have gone to date.
"This is a natural progression of our ongoing vertical integration push," - of course it is....more fluff about "vertical integration" with no results.
"Last year, we enjoyed success with the VIVIS acquisition that gave us a retail presence. We expect similar results in our efforts to acquire land and facilities for hemp cultivation. - At least he is being honest here stating he expects similar results of non-performance and continued dilution and degredation of shareholder value.
Adding a technology component to our growing mix would make us a stronger, more competitive company in control of the entire process from the field, to the lab to the retail store."- LOL - staying in control (of the personal ATM)….
Earlier this month, Neutra announced it had received a fresh round of private equity funding. These new funds could help the company partner with an existing CBD-related technology company or acquire one. A CBD-related technology company is typically involved in improving CBD delivery methods, such as boosting concentrations and increasing absorption rates. - WHEW - that sounds impressive..let's see what else we can throw at the wall to see what sticks. Acquiring an existing CBD-related company...you mean like Vivis - a company with no assets/employees/sales? BTW - what happened to the "acquisition" of a property that was supposed to close last month - I thought this fresh round of funding was going to be used for that?
The Hemp Business Journal has forecasted that by 2022, sales of hemp-derived products will reach $22 billion by 2022. Last year, that same market posted sales of $390 million. - yeah, and let's see...after the "success" of acquiring Vivis the sales were what again??? Oh yeah...ZERO
