NutraLife Biosciences Signs Partnership Agreement with Cookies Licensed Retail Products & Prepares for OTCQB Uplisting

Rhea-AI Summary

NutraLife Biosciences (OTC: NLBS) has announced a strategic partnership with Cookies Retail Products, enhancing branding and marketing support. NutraLife will leverage its research capabilities to introduce innovative, federally legal products for the Cookies brand, a billion-dollar entity. The global CBD market is expected to grow significantly, with the CBD market projected to reach $13.4 billion by 2028.

NutraLife is expanding manufacturing operations to accommodate new products, including an immune booster shot with CBDA. The company also plans to uplist to OTCQB, aiming to enhance visibility and shareholder value.

Positive

• Strategic partnership with Cookies Retail Products for branding and marketing support.
• Utilization of nutraceutical resources to create innovative, federally legal products.
• Expansion of manufacturing operations for new product introductions, including an immune booster shot.
• Plans to uplist to OTCQB, aiming to increase visibility and shareholder value.

Negative

• None.

COCONUT CREEK, FL, Feb. 01, 2022 (GLOBE NEWSWIRE) -- via NewMediaWire – NutraLife Biosciences, Inc. (OTC: NLBS), a manufacturer and distributor of private label and branded nutraceutical and skincare products, today announced a strategic partnership with Cookies (branded) Retail Products (CRP). Under the terms of the agreement, CRP will provide NutraLife with branding and marketing guidance while NutraLife becomes a preferred research and development profit participant and partner of CRP.  Nutralife will utilize its nutraceutical and research resources to design, create, and provide options for non-regulated, federally legal for sale, innovative product introductions to be used for the parent Cookies brand.  Cookies is an iconic billion-dollar brand with retail, ecommerce, and direct-to-consumer verticals across multiple channels of trade.

According to Grand View Research, the global CBD market is projected to grow from $2.8 billion in 2020 to $13.4 billion in 2028, representing a 21.2% compound annual growth rate. Meanwhile, the analyst believes that the industrial hemp market will grow at a comparable 16.2% CAGR to reach $12.1 billion by 2028.

“NutraLife is a leading manufacturer of ingestible and skincare products using breakthrough, nutrient-rich formulations with the most effective ingredients and delivery systems available in the nutraceuticals industry,” said NutraLife CEO Edgar Ward. “Cookies RP non-regulated retail products adds to a growing list of private-label brands leveraging our experience and FDA/USDA registered and GMP-compliant facilities to manufacture premium hyper-growth and in-demand products to fulfill surging demand.”

In conjunction with recent private-label agreements, the Company is in the process of expanding its manufacturing operations and capabilities to accommodate the production of several new products expected to be released in the near future. These products include an immune booster drink shot infused with CBDA. CBDA along with CGBA have been found to “bind to the SARS-CoV-2 spike protein, blocking a critical step in the process the virus uses to infect people.” Steve Lundeberg, Oregon State University. 

NutraLife is also preparing an application for a planned uplisting to the OTCQB, with the objectives of increasing its visibility and exposure within the North American financial community, and creating additional value for shareholders.

“It’s an exciting time for NutraLife shareholders as we announce new partnership agreements with industry leaders and scale up operational capacity to expand our in-house product line-up,” added Mr. Ward.

Edgar Ward, CEO of NutraLife, will be presenting in real-time at the small cap growth Virtual Investor Conference (VIC) on Thursday, February 3, 2022 at 10:30 am ET. Shareholders and interested investors can register to attend the interactive presentation at: https://bit.ly/3Fpq8Mn

About NutraLife Biosciences, Inc.

NutraLife BioSciences, Inc. operates a multifaceted life sciences and lifestyle health and wellness manufacturing company. For more than ten years, NutraLife has manufactured and distributed both private label and branded nutraceutical and skincare wellness products.

For more information, visit our website at www.nutralifebiosciences.com. 

NutraLife BioSciences, Inc.
6601 Lyons Road, Suite L-6
Coconut Creek, FL 33073
Telephone 888-509-8901
www.NutraLifeBioSciences.com

Forward-Looking Statements

This press release contains statements of a forward-looking nature about NutraLife Biosciences, Inc. (the “Company”). You can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “future” or other similar expressions. The Company has based these forward-looking statements primarily on the Company’s current expectations and projections about future events and financial trends that the Company believes may affect Company’s financial condition, results of operations, business strategy, and financial needs. There is no assurance that the Company’s current expectations and projections are accurate. All forward-looking statements in this press release are based on the Company’s information on the date hereof. These statements involve known and unknown risks, uncertainties, and other factors that may cause the Company’s actual results to differ materially from those implied by the forward-looking statements. More detailed information about these risk factors is set forth in the Company’s filings with the Securities and Exchange Commission, including, but not limited to, those risks and uncertainties listed in the section entitled “Risk Factors,” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, filed with the Securities and Exchange Commission on June 24, 2021. The Company operates in a rapidly evolving environment. New risk factors emerge from time to time. The Company does not undertake any obligation to update or revise the forward-looking statements except as required under applicable law.

FAQ

What is the recent partnership announced by NutraLife Biosciences (NLBS)?

NutraLife has partnered with Cookies Retail Products for branding and marketing support, enhancing its product offerings.

What new products is NutraLife Biosciences planning to launch?

NutraLife plans to launch new products, including an immune booster drink shot infused with CBDA.

What are the growth projections for the CBD market mentioned in the NutraLife PR?

The global CBD market is projected to grow from $2.8 billion in 2020 to $13.4 billion by 2028.

What are NutraLife's plans for increasing shareholder value?

NutraLife is preparing to uplist to the OTCQB to increase visibility and create additional value for shareholders.

When is the CEO of NutraLife Biosciences presenting at the Virtual Investor Conference?

Edgar Ward, CEO of NutraLife, will present at the Virtual Investor Conference on February 3, 2022, at 10:30 am ET.