Neutra Acquires Recreational Hemp Product Brand, Deity to Launch Delta-8 Product Line

Rhea-AI Summary

Neutra Corp. (OTC PINK:NTRR) has acquired Deity Wellness, a brand specializing in hemp-based products, including Delta-8 gummies. This acquisition positions Neutra to enter the burgeoning Delta-8 THC market, especially after Texas's decision not to ban the substance. The move allows Neutra to quickly introduce a market-ready product, enhancing its competitive edge. Neutra will maintain both the Deity Wellness and VIVIS brands, targeting both recreational and medicinal consumers. Analysts project significant growth in the CBD market, anticipating it will reach over $25 billion by 2025.

Positive

• Acquisition of Deity Wellness provides immediate access to the Delta-8 THC market.
• Enables quick product launch with established Delta-8 gummy already developed.
• Maintaining two distinct brands (Deity Wellness and VIVIS) enhances market reach.
• Strong projected growth in the CBD market, increasing sales opportunities.

Negative

• None.

KATY, TX / ACCESSWIRE / June 23, 2021 / Neutra Corp. (OTC PINK:NTRR) has announced it is acquired Deity Wellness, a company focused on the recreational use of hemp-based products. Deity has developed a Delta-8 gummy, which Neutra will bring to market within this week of the acquisition. This will be Neutra's first foray into Delta-8 THC products, a move made possible after the Texas Legislature declined to ban the substance earlier in June.

'This acquisition enables us to quickly get into the potentially lucrative Delta-8 market,' said Sydney Jim. 'Instead of having to developing an entirely new brand, we get a product ready to hit the shelves, giving us a big jump on the competition. Delta-8 THC and recreational hemp-based CBD should open a strong new source of sales and revenues as we can now serve those wanting medicinal relief and those seeking pleasure.'

Neutra intends to keep the Deity Wellness brand name as its already well established in the recreational marketplace. Neutra will henceforth have two product lines: VIVIS for medical CBD users and Deity Wellness (http://www.deitywellness.com) for the Delta-8 recreational market. Neutra believes the brands will complement each other and make it easier to get shelf space in stores as the company can now serve many types of consumers.

Delta-8 THC enthusiasts have found it produces a mild euphoria, relaxation, calmness and a sense of delight. Consumers can use Delta-8 products by themselves or in conjunction with CBD ones, like those Neutra already sells under the VIVIS brand name.

Analysts estimate the CBD market enjoyed just over $4 billion in sales in 2019. Predictions are that it will grow to more than $25 billion by 2025. These same analysts expect the market to see a 49 percent CAGR by 2024.

About Neutra Corp.
Neutra Corp. (OTC PINK:NTRR) is an early-stage research and development company with a focus on bringing modern healthy living solutions to a multibillion-dollar market. Cutting-edge technologies within the nutraceuticals, food, and drug, and environmental purification sectors are creating a new kind of world culture-one where in which consumers are demanding access to products that promote health and stave off potential health dangers. One of the nutraceutical sub-markets is the new thriving hemp-based CBD market, in which the Company intends to participate. For more information, visit the Company's website at http://www.NeutraInc.com.

NOTICE REGARDING FORWARD-LOOKING STATEMENTS
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including statements that include the words 'believes,' 'expects,' 'anticipate' or similar expressions. Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause the actual results, performance, or achievements of the company to differ materially from those expressed or implied by such forward-looking statements.

Neutra Contact:
Sydney Jim
888-433-4033
info@neutrainc.com

SOURCE: Neutra Corp

View source version on accesswire.com:
https://www.accesswire.com/652740/Neutra-Acquires-Recreational-Hemp-Product-Brand-Deity-to-Launch-Delta-8-Product-Line

FAQ

What does Neutra Corp. aim to achieve with the acquisition of Deity Wellness?

Neutra Corp. aims to quickly enter the Delta-8 THC market and enhance its product lineup with established offerings.

What product will Neutra launch following the Deity Wellness acquisition?

Neutra will launch Delta-8 gummies, a recreational hemp product developed by Deity Wellness.

How is the CBD market projected to perform in the coming years?

Analysts predict the CBD market will grow from $4 billion in 2019 to over $25 billion by 2025, with a 49% CAGR by 2024.

Why is the acquisition significant for Neutra Corp.?

The acquisition is significant as it allows Neutra to leverage an existing product and brand, thus gaining a competitive advantage in a rapidly growing market.

What are the expected benefits of maintaining two brands for Neutra?

Maintaining two brands allows Neutra to cater to different consumer segments, enhancing shelf space and market reach in retail locations.