NNRX on watch with huge breaking news
Published: Tue, 03/29/22
 Subscribers, Get NNRX on your screen immediately. The company is priced at just $0.0003 with a tiny market cap of just over $3m. They just announced major news this morning that we think could deliver some tremendous upside. Just last month NNRX hit $0.0006 - that's 100% upside from today's opening price. NutraNomics, Inc. Announces Acquisition Closure of DHS Development, Inc. dba The PlantPORTLAND, OR / ACCESSWIRE / March 29, 2022 / NutraNomics, Inc. (OTC PINK:NNRX) is pleased to announce that it has signed a definitive merger agreement related to the acquisition of DHS Development, Inc. dba The Plant, of Desert Hot Springs, CA. The parties anticipate exchanging closing deliverables to officially close the acquisition in the coming days. The agreement contemplates the purchase of 100% of The Plant's assets, operations and IP. As such, DHS Development, Inc. dba The Plant will be operated as a wholly-owned subsidiary of NutraNomics, Inc., and all applicable CA State licensing and regulatory credentials will remain under DHS Development, Inc. dba The Plant as a California-based company. With this acquisition, NutraNomics and The Plant will combine resources and strive to become an industry leader in the research, development and manufacture of plant-based products to the California market, with large production capabilities designed for efficient, low-cost production and scalability. The combined management team and key personnel combine for more than forty years of experience in cannabis cultivation, extraction, manufacturing, and product innovation. Acquisition assets include California licensing for cannabis cultivation, manufacturing, and distribution, including an active Type 7 manufacturing license which allows for extraction practices utilizing volatile, non-volatile and solventless extraction methods, including additional post-processing activities. As California's most robust manufacturing license type, the Type 7 license enables holders to perform all types of
extraction and manufacturing practices, providing bearers with a definitive level of differentiation in the California market. Empowered by the NutraNomics capital infusion, The Plant is investing in necessary equipment that will enable broad production capabilities for innovative formulation and delivery methods. Production capabilities include a highly diverse array of innovative product categories including capsules, tablets, beverage products, concentrates, edibles, inhalables and topicals.
In addition to production capabilities across most product types, complimentary manufacturing services are also available such as white label and private label development, contract packaging, biomass sourcing, full distribution services and R&D. "On behalf of NutraNomics, I am thrilled that we've reached finalization of our acquisition of The Plant and are getting to the important work of building our Company in collaboration with the fine folks of The Plant," says Jonathan Bishop, NutraNomics CEO and Chairman. "As an initial acquisition, this is an amazing opportunity for NutraNomics and The Plant personnel, customers, alliances, and investors to participate in the establishment of a strong foundation for growth, and an effective basis for future M&A's to come. The past few months of working with The Plant principles has been key to our full appreciation of the value of this alliance. As such, we are excited to introduce our new team members in the days to come. This transaction represents a methodical and responsible action in our pursuit to acquire complementary resources in the Seed, Science, Processing and Distribution model that NutraNomics continues to target, as we look forward to bringing our shareholders the greatest growth in NutraNomics history." NutraNomics is looking forward to sharing more details in the days and weeks to come. About NutraNomics, Inc. NutraNomics, Inc. (OTC PINK:NNRX), a 26 year-old Holding Company, focuses emphasis on nutraceutical research and development, formulation, and manufacturing of life changing nutritionals and nutraceuticals. NutraNomics is uniquely positioned to significantly expand its family of holdings through mergers and acquisitions in the area of Plant-based nutritionals. NutraNomics is in the process of creating a strong network of raw producers, manufacturers, distributors, and technology partners, and empowering their success through critical capital investment required to meet growing demands. All the best. SmallCapMomo.com picks@smallcapmomo.com --------------------------------------------------------------------------------------------------------
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