SUGAR LAND, TX / ACCESSWIRE / May 28, 2020 / Neutra Corp. (OTC PINK:NTRR) has completed payments on the last of its convertible debts with one of its lenders, demonstrating the company's strength and preparing it for future growth opportunities. The retiring of this debt places Neutra in a better position to thrive as the world begins reopening amidst the ongoing COVID-19 pandemic.
"The retiring of this convertible debt testifies to the soundness of our business plan," said Neutra CEO Sydney Jim. "Even in a time of growing economic uncertainty, we were able to meet our goals and retire debt. Now we are focusing on our operation, growth and expansion into new markets without hindrance. The market for hemp-based CBD products has never been greater, and thanks to our new facility in Houston and our Texas hemp license, we ready for bigger and brighter days ahead."
Neutra last month announced it was ready to open a hemp processing and CBD manufacturing site in Houston. This came shortly on the heels of the news Neutra subsidiary VIVIS had been granted a hemp-handling license in the state of Texas. The license enables VIVIS to legally cultivate and process hemp in the Lone Star State. The last two moves were key parts in the company's long-term vertical integration strategy, which means Neutra now controls its hemp supply from cultivation, to processing to manufacturing to sales.
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 https://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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