NUTRANOMICS INC - NNRX STOCK NEWS

NutraNomics, Inc. (OTC PINK: NNRX) announced the launch of three new cannabis brands—Paradox, Chew & Chill, and Red Eye—linked to its acquisition of DHS Development, Inc. The company aims to distribute these brands across 250 cannabis stores by year-end, expanding from over 100 stores currently serviced. The sales team is growing and possesses over 60 years of combined experience in California's cannabis industry. NutraNomics expects to release its quarterly report soon, detailing the merger with The Plant.

NutraNomics, Inc. (OTC PINK:NNRX) provided a promising update on its financial performance for 2022. Sales for the first four months reached $1.09 million, marking a 217% year-over-year increase. Management projects monthly sales to grow by 25% month-over-month, aiming for a total of approximately $10.2 million for the year, driven by new product releases and existing sales growth.

CEO Jonathan Bishop highlighted 60% sequential growth potential for Q2, boosted by the new 'Red Eye' product line and additional branded products scheduled for release.

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.

NutraNomics, Inc. (OTC PINK:NNRX) has announced its full acquisition of DHS Development, Inc. (d/b/a The Plant), enhancing its presence in the cannabis sector. This strategic move includes a 30,000 sq. ft. manufacturing and 28,000 sq. ft. cultivation facility, along with over $2 million in specialized equipment. In 2021, The Plant reported $1.7 million in revenue from temporary operations, with a projected 2022 revenue of $15 million. The acquisition is expected to provide cash flow positive operations through expanded product lines, with all necessary licenses secured.

NutraNomics (OTC PINK:NNRX) hosted industry leaders and prospective clients at its flagship facility in Desert Hot Springs during the Hall of Flowers cannabis show. The event included a guided tour attended by local officials, including Mayor Gary Gardner, who praised the company's leadership and contributions to workforce development in cannabis. A kickoff ceremony celebrated recent acquisitions and discussed future production expansion plans. NutraNomics continues its commitment to organic plant-based nutritional science, reflecting its long-standing business ethos.

NutraNomics, Inc. (OTC PINK:NNRX) has completed the acquisition of DHS Development, Inc. dba The Plant, committing $6.5M in capital over 12 months. This investment will fund production equipment, labor, and raw materials. In exchange for 100% ownership, current stakeholders receive equity positions. The Plant's management team retains their roles and joins NutraNomics' Board of Directors. Currently operating at 22% capacity, NutraNomics is on pace for an annualized run-rate exceeding $5.4M, with plans to triple production and sales in 2022.

NutraNomics, Inc. (NNRX) announces its acquisition of DHS Development, Inc. (dba The Plant), marking significant progress in their merger agreement. The companies aim to finalize the integration while enhancing production capabilities and expanding product offerings. The integration is supported by an influx of $1.1M in interim capital, which has facilitated new sales agreements and product development. The Plant's prior accomplishments in manufacturing and capital raise establish a strong foundation for growth. NutraNomics anticipates positive financial outcomes through the collaboration.

NutraNomics, Inc. (OTC PINK:NNRX) has signed a definitive merger agreement to acquire DHS Development, Inc. (dba The Plant) in Desert Hot Springs, CA. This acquisition includes 100% of The Plant's assets, operations, and intellectual property, allowing it to operate as a wholly-owned subsidiary. NutraNomics will take over a 58,000 sq. ft. state-of-the-art manufacturing facility and intends to enhance production capabilities for diverse cannabis products. The transaction aims to position NutraNomics as an industry leader in plant-based products in California.

NutraNomics, Inc. (OTC PINK:NNRX) has launched a redesigned website aimed at enhancing its corporate direction and governance. The new site showcases NutraNomics' commitment to plant-based organic nutritional science and innovation, highlighting its Seed, Science, Processing, and Distribution model. President Geoff Bazegian emphasized the website's role in illustrating the company's M&A growth strategy and its dedication to optimizing resources for subsidiaries. The site will be regularly updated to keep stakeholders informed of corporate milestones.