NutraNomics, Inc. and The Plant Announce Record August 2022 New Sales Bookings

Rhea-AI Summary

NutraNomics, Inc. (OTC PINK:NNRX) reported record sales bookings for August 2022, achieving $505,463 compared to an average of $335,000 per month. This marks the highest single-month new sales production in the company's history. The strategy focused on diversifying the customer base and strengthening relationships led to 9 new customer logos being secured, expected to drive reorder revenue in September. With Q3 sales matching the highest revenue quarter ever, the company anticipates this quarter to be a record.

Positive

• August sales bookings reached $505,463, a record high.
• 9 new customers acquired in August expected to boost future revenues.
• Q3 projected to be a record revenue quarter.

Negative

• None.

DESERT HOT SPRINGS, CA / ACCESSWIRE / September 6, 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 The Plant (www.theplantlabs.com), a NutraNomics company, generated new August sales bookings of $505,463 - up from an approximate monthly average of $335,000 - representing the highest single-month new sales production in the Company's history.

The Company's sales strategy recognizes the importance of diversifying its buyer base through the forging of strong existing customer relationships, and the steady acquisition of new customers consistently. As a result, 9 new customer logos were closed in August, which are expected to result in immediate additional reorder revenue beginning in September.

"Sales for the first 2 months of Q3 have already matched the highest revenue quarter the Company has ever seen. As such, Q3 is projected to be a record revenue quarter for the Company", remarked Geoff Bazegian, NutraNomics' President and CRO. "We feel this is clear proof that our strategy of quality, price competitiveness and professionalism will continue to fuel our goal of steady and consistent growth into the future."

This sales achievement is especially significant due to the fact that August is historically a down month for the California Cannabis dispensary market, as customers are typically liquidating existing inventories during this period, in preparation for holiday shelf restocking into the final 3rd of the year.

Company investments into technology and innovation are empowering The Plant sales professionals with essential tools to further optimize efficiency and maximize sales results. The Company will be adding additional seasoned sales personnel in September to more comprehensively serve Southern California, the most densely concentrated region of buyers in the California Cannabis market. Further announcements of sales production will follow in the upcoming months.

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

SOURCE: NutraNomics, Inc.

View source version on accesswire.com:
https://www.accesswire.com/714718/NutraNomics-Inc-and-The-Plant-Announce-Record-August-2022-New-Sales-Bookings

FAQ

What were NutraNomics' sales figures for August 2022?

NutraNomics reported August sales bookings of $505,463.

How many new customers did NutraNomics acquire in August 2022?

NutraNomics secured 9 new customer logos in August 2022.

What is projected for Q3 2022 for NutraNomics?

Q3 2022 is projected to be a record revenue quarter for NutraNomics.

How does August 2022 sales performance compare to previous months?

August 2022 sales surpassed the approximate monthly average of $335,000.

What is NutraNomics' strategy for sales growth?

NutraNomics focuses on diversifying its buyer base and building strong customer relationships.