- New LOI would allow the company to join development of a wide range of hemp-based medicinal products
- Neutra would also gain access to a cultivation license and a research license to examine the role of cannabinoids as antioxidants and neuro-protectants
- CBD sales in the U.S. expected to exceed $20 billion by 2024; hemp-based CBD product sales reached $390 in 2018 and are expected to more than triple over the next couple of years
Early-stage research and development company Neutra Corp. (OTC: NTRR) executed a Letter of Intent (LOI) that could lead to the joint development of a vast selection of additional hemp-based medicinal products on the booming CBD market, according to a company press release (http://cnw.fm/hUH7u).
Neutra intends to conclude an agreement with Orgaceutical Co, based in Harrisburg, PA. If executed as planned, the agreement would provide Neutra with access to Orgaceutical’s formal research findings into the potential benefits of cannabinoids as antioxidants and neuro-protectants. Neutra, who is expanding into hemp cultivation and…
NOTE TO INVESTORS: The latest news and updates relating to NTRR are available in the company’s newsroom at http://cnw.fm/NTRR
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