NutraNomics, Inc. Guidance Regarding Pending Acquisition of DHS Development, Inc. dba The Plant
January 25 2022 - 8:12AM
InvestorsHub NewsWire
Gladstone, OR -- Jan. 25, 2022 -- InvestorsHub NewsWire--
via NewMediaWire -- NutraNomics, Inc. (OTC:
NNRX) is pleased to provide the following guidance related to
its pending acquisition of DHS Development, Inc. dba The
Plant. NutraNomics’ capital investment will center on
equipment and facility improvements as they pertain to
Manufacturing & Cultivation infrastructure build-out in order
to fulfill in-place and pending wholesale customer sales
agreements, and to support the production of core products such as
Cured and Live Concentrates, Crude, Distillates, Pre-Rolls,
Capsules, Gummies, Tablets, Vape Cartridges, Topicals, Flower, as
well as Contract Packaging. Pending closure of The Plant's
acquisition, NutraNomics is committing up to $1M of leveraged
interim capital for manufacturing assets necessary to serve
immediate customer product demand. "Through our strategic capital
investment into critical elements of our manufacturing and
cultivation operation, we are committed to the principles of
optimal quality and cost-efficiency. Our intelligent
verticalization plan not only sets a solid foundation upon which to
produce top quality products for our valued customers, but allows
us to evolve our 27,000 sq. ft. production facility into other
areas of unique product differentiation in conjunction with the
addition of our 30,000 sq. ft. state-of-the-art cultivation
operation," says Jonathan Bishop, NutraNomics' CEO. Further
details regarding terms of the Acquisition will be disclosed
following formal closure of the Acquisition slated for
mid-February.
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: Geoffrey Bazegian (gbazegian@nutranomics.com)
NutraNomics, Inc.
The Plant Production Facility
SOURCE: NewMediaWire
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