VIVIS Signs Key Equipment Leasing Deal with Oklahoma CBD Firm
Neutra Corporation (OTC PINK:NTRR) subsidiary VIVIS has secured a leasing deal with an Oklahoma cannabis firm to provide production equipment and consulting for a testing lab. This agreement follows a letter of intent signed earlier in September 2020. Neutra's CEO, Sydney Jim, highlights the potential for increased revenue in the burgeoning cannabis market. VIVIS has expanded rapidly, launching two new facilities near Houston, and has seen a boost in CBD product demand despite COVID-19. Market research shows 40% of CBD consumers are increasing usage, enhancing the company's position.
- VIVIS leased production equipment and will provide consulting, potentially increasing revenue.
- VIVIS has expanded with two new facilities near Houston, allowing for greater production capacity.
- Increased demand for CBD products, with 40% of users reported to have increased consumption during the pandemic.
- VIVIS's products are third-party tested for purity and potency, enhancing market differentiation.
- None.
KATY, TX / ACCESSWIRE / September 28, 2020 / Neutra Corporation (OTC PINK:NTRR) subsidiary VIVIS has completed a deal with an Edmond, Oklahoma cannabis company to lease production equipment as well as supply consulting services to help it build a testing lab. The move is the successful culmination of a letter of intent agreement the two organizations signed earlier this month.
"VIVIS has a solid market reputation many up-and-coming companies want to emulate," said Neutra CEO Sydney Jim. "We can take advantage of that through consulting and leasing. This business model promises to deliver a strong new revenue stream for us as the market for cannabis and hemp CBD products continues to soar."
VIVIS has gained attention for its successful rapid expansion. The Neutra subsidiary has opened two new production facilities in the past six months on the outskirts of Houston. The openings have enabled VIVIS to introduce new hemp-based CBD products into the market during a time when other industries have faced production and market difficulties due to COVID-19.
Unlike other industries, COVID-19 and the resulting economic slowdown has not slowed demand for hemp-based CBD products. Market research group Brightfield has reported 40 percent of CBD users surveyed said they have increased their consumption in recent months.
Prices for premium products have fallen, making quality offerings, such as those sold by VIVIS, more affordable for a greater number of buyers. VIVIS hemp-based products are tested by a third-party lab for purity and potency - a key differentiator for VIVIS in the market.
To learn more about these and other VIVIS hemp-based CBD products, visit the company's website at http://viviscbd.com.
About Neutra Corp.
Neutra Corp. (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 STATEMENT
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
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