Neutra Corp. (NTRR: OTCQB) announced that they signed a letter of intent with Surface to Air Solutions (S2O2) to treat each growing container manufactured with a new antimicrobial coating that could eliminate the need for pesticides.
S2O2 has established an advanced, all-natural product that bonds to surfaces and forms a barrier that kills germs, microbes and pathogens on contact. Their advanced coating breaks down ethylene produced by plants into CO2 and water, which is important for any kind of indoor growing.
S202 and NTRR announced that they are working on applying this technology to indoor grow labs. Last week, NTRR’s joint venture partner, Vertigo Technologies, acquired Contain A Grow, which is a producer of self-contained, indoor horticulture systems that can be implemented anywhere. Vertigo’s designs are based off of the look of common shipping containers and their all-in-one system can be used to produce any number of climate-controlled indoor crops. S2O2 comes into play by making it so those containers require zero pesticides to grow cannabis.
Shares of Neutra are up over 115% since late September and are trading above their 20, 50, and 150 day moving averages. Shares almost broke into overbought territory last week and then sharply pulled back. Currently shares are in neutral territory (RSI=59) and we would be cautious buying into the stock until an uptrend is confirmed. NTRR is based out of Sarasota, Florida and we see the upcoming election as a potential major catalyst for the stock. IF the market pulls back and shares of NTRR are effected, we would recommend buying on weakness. Please wait for further updates regarding this strategy,
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