Neutrisci Provides Update on Tabletz and Previously Announced Project Development
NeutriSci International (OTCQB: NRXCF) provided an update on its projects, particularly highlighting the strong sales performance of its Tabletz brand in Japan through Biople, a major retailer of CBD products. The company is also advancing its collaboration with Pacwest Manufacturing, working on packaging production using its technology and intellectual property. Future financial agreements with partners are expected to yield various revenue streams. CEO Glen Rehman expressed optimism about the Tabletz brand’s potential in the competitive market.
- Strong sales performance of the Tabletz brand in Japan.
- Ongoing collaboration with Pacwest for packaging production.
- Diverse revenue streams expected from B2B partnerships.
- None.
VANCOUVER, BC / ACCESSWIRE / July 7, 2021 / NeutriSci International Inc. ("NeutriSci" or the "Company") (TSX-V:NU)(OTCQB:NRXCF)(FRANKFURT:1N9), an innovative technology company developing products, licensing IP and technology for B2B partnerships and the nutraceutical industry, is pleased to provide an update on previously announced projects.
Biople: Biople's trusted reputation amongst consumers has made it the #1 retailer of high-end, quality CBD and CBD related products in Japan. Biople, by CosmeKitchen (biople.jp) has 22 locations in Kanto, Tokai, Kinki, Chugoku/Shikoku, Kyushu-Okinawa; specializing in a line of organic cosmetics, beauty products, fashion accessories, mail-order business and organic food sales.
In the short period of time that the brand has been for sale on the Biople shelves, sales of the Tabletz Brand have been brisk, extremely positive, and well received by Biople's consumers. The Company looks forward to the next phase of sales and development of the Tabletz brand.
Pacwest Manufacturing Project Update: The dielines for packaging have been received by NeutriSci's manufacturing partner, Pacwest, from their customer. Information for the packaging is being finalized and will be sent to the packaging manufacturers for production. The use of the Company's IP and technology to assist with the production is planned to begin in the coming weeks. Discussions around potential future projects with Pacwest involve several possible scenarios such as sales of ingredients, use of technology and access to the Company's packaging infrastructure. Financial terms of production agreements with its partners range from royalty percentages to revenue from ingredients sales and packaging. Each potential project will yield one or more of these revenue streams. Discussions around the mix of products includes several different SKUs.
Glen Rehman, CEO of NeutriSci, commented, "We continue to build out our B2B partnerships and to create scenarios where our technology, IP and infrastructure can be maximized by B2B partners. Revenue streams from each of the opportunities we are building are different depending on the project we assist with. The Tabletz product has been very well received. We are excited by how well sales are going. While still early, this leading indicator is validating our expectations. We look forward to see the Tabletz brand become one of the bestselling CBD products in Japan."
About NeutriSci International Inc.
NeutriSci specializes in the innovation, production, and formulation of nutraceutical products. Established in 2009, NeutriSci's is building sustainable sales models with Convenience, Chain Drug, and Mass Market and Supermarket retailers for its products offering co-branding as well as private label opportunities and contract manufacturing services. For more information, please visit: www.neutrisci.com.
On Behalf of the Board of Directors of
NEUTRISCI INTERNATIONAL INC.
Glen Rehman
CEO
Tel: (403) 264-6320
For investor inquiries, please contact investors@neutrisci.com
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release.
This news release may include forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward-looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required under the applicable laws.
Statements in this press release have not been evaluated by the Food and Drug Administration. Products or ingredients are not intended to diagnose, treat, cure, or prevent any disease.
SOURCE: NeutriSci International Inc
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FAQ
What is the latest update from NeutriSci International regarding the Tabletz brand?
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