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The Plant Partners with Top Cannabis Agency Essential Good to Launch Additional House Brands

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(Moderate)
Rhea-AI Sentiment
(Very Positive)
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partnership
Rhea-AI Summary

NutraNomics, Inc. (OTC PINK:NNRX) has announced a partnership with Essential Good, a cannabis product design firm, to develop new house-branded cannabis products. This collaboration aims to leverage Essential Good's extensive experience in the cannabis industry, having launched over 25 top brands. NutraNomics' CEO, Jonathan Bishop, expressed enthusiasm about the partnership, stating that building a portfolio of strong house brands is key to monetizing their facility and distribution relationships. Both companies see significant potential in this venture for future growth.

Positive
  • Partnership with Essential Good enhances product development capabilities.
  • Essential Good has a proven track record with over 25 launched cannabis brands.
  • Collaboration targets high-margin house brand monetization.
Negative
  • None.

DESERT HOT SPRINGS, CA / ACCESSWIRE / August 12, 2022 / NutraNomics, Inc. (OTC PINK:NNRX) ("NutraNomics" or the "Company"), an emerging leader in organic plant-based nutritional science and innovation, is excited to announce that The Plant (www.theplantlabs.com), a NutraNomics company, has partnered with Essential Good (essentialgood.com), a top visionary cannabis product design firm founded in San Francisco, to develop and launch additional house branded cannabis products.

"The Essential Good team is incredibly excited to be working with The Plant," remarked Daniel Stein, CEO of Essential Good. "The company is developing capabilities and building capacity to serve the industry in new and innovative ways. We see immense opportunity in this relationship and look forward to supporting their team as we help to lay the groundwork for the future of the cannabis industry."

Essential Good has been a leading agency in the cannabis space for seven years, helping to launch more than 25 top brands for national leading cannabis businesses. The Essential Good team has experience working at all points along the supply chain from cultivation to end market retail.

Essential Good has been deeply rooted in the adult-use cannabis movement in the U.S. for years, with strong ties to cannabis advocacy, education, and legislation. The firm has helped to launch some of the industry's most defining brands in recent years, with a top-tier client list that includes many of the most recognizable brands in the California Cannabis marketplace.

"We are thrilled to start working with Essential Good," commented Jonathan Bishop, NutraNomics' CEO. "Building up our own stable of strong house brands is the highest margin path to monetizing our state-of-the-art facility and our extensive distribution relationships. There's no one better equipped to help us reach that goal than the team at Essential Good."

About NutraNomics

At NutraNomics, Inc. (OTC PINK: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/711879/The-Plant-Partners-with-Top-Cannabis-Agency-Essential-Good-to-Launch-Additional-House-Brands

FAQ

What is the recent partnership announcement by NutraNomics (NNRX)?

NutraNomics announced its partnership with Essential Good to develop new house-branded cannabis products.

How many brands has Essential Good launched in the cannabis space?

Essential Good has launched over 25 top brands in the cannabis industry.

What is the goal of NutraNomics' partnership with Essential Good?

The goal is to build a stable of strong house brands, which NutraNomics believes is the highest margin path to monetization.

Who is the CEO of NutraNomics?

The CEO of NutraNomics is Jonathan Bishop.

What is NutraNomics' focus in the cannabis industry?

NutraNomics focuses on organic plant-based nutritional science and innovation.

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