NTRR: Banking Breakthrough in Colorado a New Milestone in Booming Cannabis Industry’s Rise
TAMPA, Fla.–(BUSINESS WIRE)– In a major new milestone for the fast-growing cannabis industry, the world’s first financial institution established specifically to serve cannabis businesses has been approved in Colorado. That’s a huge breakthrough for companies such as Neutra Corp. (NTRR) that are working to serve high demand for new technology innovations in the billion-dollar U.S. cannabis market.
Due to strict federal regulations, large banking institutions have shied away from doing business with cannabis-related companies. Dispensaries and other MMJ businesses have for years been forced to deal largely in cash because banks feared legal risks associated with serving them. The creation of this new institution could change that. Last week, the Colorado Division of Financial Services issued a charter to The Fourth Corner Credit Union, which could begin doing business and serving the local cannabis economy there as soon as January.
“There is no question that the non-participation of banks has severely hampered the cannabis industry’s already astonishing growth,” said NTRR CEO Chris Brown. “This charter represents the beginning of the end to that problem. This is a legitimate industry, and the sky is the limit for its growth.”
NTRR is preparing for that growth by working to deliver innovative new products to the fast-rising MMJ marketplace. Earlier this year, NTRR acquired Diamond Anvil Designs, a cutting-edge developer of smoke-free nutraceutical delivery systems that can be adapted to deliver a variety of substances, including dry herbs, oils and waxes. The lightweight, portable vapor pen represents a major breakthrough in vaporization technology thanks to customizable power levels, multi-substance vaporization capacity and best-in-class durability.
By providing a variety of innovative nutraceutical products and services such as the vaporizer pens being produced by DA, Neutra Corp. plans to follow in the footsteps of other successful public companies including Altria Group Inc. (MO), Vitamin Shoppe (VSI), Nutraceutical International Corp. (NUTR) and mCig, Inc. (MCIG).
For more information on NTRR’s initiatives, please visit www.neutracorp.com.
About Neutra Corp.
Neutra Corp. is a healthy lifestyle company that specializes in the development and marketing of natural wellness solutions, including cannabis-related products. By delivering a variety of new technologies designed to ensure safer, more reliable access to cannabis in approved markets, Neutra Corp. plans to compete GW Pharmaceuticals (GWPRF), Growlife Inc. (PHOT) and Medbox Inc. (MDBX) and other leaders in the fast-growing, billion-dollar U.S. cannabis industry. For investing information and performance data, please visit www.neutracorp.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. In addition, description of anyone’s past success, either financial or strategic, is no guarantee of success. This news release speaks as of the date first set forth above and the Company assumes no responsibility to update the information included herein for events occurring after the date hereof.
Chris Brown, 813-367-2041
President and CEO
MAPH Enterprises, LLC | (305) 414-0128 | 1501 Venera Ave, Coral Gables, FL 33146 | firstname.lastname@example.org