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NutraNomics Inc (OTCMKTS:NNRX) Stock In Focus After Exclusive Production Agreement

Madison Hall , , , ,

NutraNomics Inc (OTCMKTS:NNRX) is an emerging major player in the field of organic plant based nutritional innovation and science. The company announced yesterday that it had gone into an exclusive production agreement with Chew & Chill LLC for the California market. Chew & Chill is a premium cannabis edibles brand.

Trading Data

On Thursday, NNRX stock ended flat at $0.0001 with more than 17.22 million shares, compared to its average volume of 36.62 million shares. The stock moved within a range of $0.0000 – 0.0001 after opening trade at $0.0001.

NutraNomics Announces Exclusive Production Agreement with Premium Edibles Brand

In addition to that, it is a major player in the THC gummy and nutritional space at this point. It has a foot print across 20 states in the United States and two provinces in Canada. In the coming 18.24 months, the company is looking to further boost its market share five to tenfold.

Since November last year, the two companies had been collaborating on a trial basis. Chew & Chill had identified NutraNomics as the ideal provider of manufacturing services, research and development and distribution under one roof. Between the months of November 2022 and March 2023 around 25,000 units had been sold through the collaboration and that generated in excess of $160,000 in wholesale sales revenues.

Jonathan Bishop, the Chief Executive Officer of NutraNomics, stated that the company was pleased at having struck up the partnership with Chew & Chill. He also pointed out that the initial success had also been a source of excitement.

Madison Hall

After graduating from the University of Buffalo, Madison gained a real interest in the markets. She tends to be a swing trader and enjoys Pilates and yoga in her downtime.