On 13th October’14, BrilliantPennyStocks.com initiated coverage on NTRR. The stock moved up by 109% since the coverage was initiated.
Neutra Corp. (OTCMKTS:NTRR) announced early last week that it has initiated dialog with Canadian distributors in order to stock and sell its Diamond Anvil line if vapor pens in Canada.
Aiming To Position Diamond Anvil In Canadian Market
The efforts by the Tampa, Florida based firm to enter the Canadian market comes on the back of Canadian Governments decision to allow large scale industrial cultivation of Marijuana and Cannabis in the country recently. Diamond Anvil is expected to hit the market post production by end of 2014, as per Neutra Corp. (OTCMKTS:NTRR) previous estimates.
CEO Explains Reason For Hurry
Explaining the keen interest that Neutra Corp. (OTCMKTS:NTRR) has been showing to entre the Canadian market, company President, Chief Executive Officer, DirectorChristopher Brown commented that, “Canada not only has one of the highest rates of cannabis use in the world, but officials have intimated the country may also approve cannabis for recreational use, which means it’s poised to become one of the world’s top markets for ancillary services and products as well.”
The CEO went on to explain that they have positioned their yet to be launched vaporizing pen as a state of the art, cutting edge instrument which would meet a variety of need of both recreational and medical users of Marijuana.
Relaxation In Government Regulation Opens Up Canadian Market
The increased interest among the marijuana and HEMP based product companies’ interest to make their presence felt in Canada stems from April 1, Health Canada decision to allow individuals and companies to posses cannabis. The relaxed law provisions makes it legal to “posses, stock and produce” marijuana under license for personal and commercial use.
Over the past few months, the Canadian sanctioning authority, in this case, Ministry of Health has received nearly 1000 request seeking approval to grow and process cannabis for medical use.
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