NutraNomics Announces Record Topline Growth for New “The Plant” Acquisition During Four Months Ended April 30

Rhea-AI Summary

NutraNomics (NNRX) has reported a remarkable 217% year-over-year revenue increase for DHS Development, Inc. (dba The Plant), following its acquisition. This surge is attributed to enhanced operational support initiated after the acquisition agreement in January 2022. The company expanded its services to include contract packaging and increased its workforce from 10 to over 70 employees. CEO Jonathan Bishop expressed optimism about the company's growth momentum heading into summer.

Positive

• 217% year-over-year revenue increase for The Plant
• Expansion of services to include contract packaging
• Headcount increased from 10 to over 70 employees
• Strong operational support following acquisition

Negative

• None.

DESERT SPRINGS, CA / ACCESSWIRE / June 21, 2022 / NutraNomics, Inc. (OTC PINK:NNRX) ("NutraNomics" or the "Company"), an emerging leader in organic plant-based nutritional science and innovation, is pleased to announce that its recent acquisition, DHS Development, Inc. (dba "The Plant"), a NutraNomics Company, produced a record-breaking year-to-date year-over-year revenue increase of 217% for the four months ended April 30, 2022.

The Plant and NutraNomics executed an acquisition LOI in January 2022, which included provisions for operational and financial support that fueled an immediate upsurge in growth, according to Company officials.

In addition to consistent Type 7 concentrate sales in Q1 2022, the Company added auxiliary contract packaging services including vape cart filling, pre-roll packaging, and concentrate packaging. Through April of this year, the organization has increased its headcount by 7x to over 70 employees from just 10 employees one year ago.

"The goal for this endeavor was to offer our clients a one-stop shop for product manufacturing, packaging, and delivery of retail-ready products under one roof," says Mattie Cooper, the appointed President of The Plant and its affiliates.

Note, the Company plans to release more information about Mattie Cooper and her important role in the near future.

"The acquisition of The Plant and its affiliates has resulted in a significant jump in production," says CEO Jonathan Bishop, CEO of NutraNomics. "As such, NutraNomics is well positioned for outstanding momentum going into the summer season. We have worked hard on day-to-day operations with a keen focus on future growth in the months and years ahead. I couldn't be more encouraged.

About NutraNomics

At NutraNomics, Inc. (OTC: NNRX), we are committed to excellence in organic plant-based nutritional science and innovation. That was our stance when we began in 1996, and it is still our stance today.

NutraNomics Website: https://www.nutranomics.com

NutraNomics Twitter: https://www.twitter.com/nutranomicsinc

Forward Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements; as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the company's operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the company's dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.

Press Contact:
Geoff Bazegian, IR@nutranomics.com

Public Relations
EDM Media, LLC
https://edm.media

SOURCE: NutraNomics, Inc.

View source version on accesswire.com:
https://www.accesswire.com/705868/NutraNomics-Announces-Record-Topline-Growth-for-New-The-Plant-Acquisition-During-Four-Months-Ended-April-30

FAQ

What was the year-over-year revenue increase for The Plant after its acquisition by NutraNomics?

The revenue increase was 217% for the four months ended April 30, 2022.

How many employees did NutraNomics have before the acquisition of The Plant?

NutraNomics had 10 employees before the acquisition.

What services did NutraNomics add after acquiring The Plant?

NutraNomics added contract packaging services, including vape cart filling and concentrate packaging.

When did NutraNomics execute the acquisition LOI for The Plant?

The acquisition LOI was executed in January 2022.

What is the strategic importance of The Plant to NutraNomics?

The Plant allows NutraNomics to offer clients a one-stop shop for product manufacturing and packaging, enhancing operational efficiency.