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Posted On: 04/05/2022 12:45:37 PM
Post# of 27112
$NNRX shared the following development news relating to the acquisition of DHS Development, Inc. dba The Plant.
As a formal follow-up to the terms of the definitive merger agreement recently executed between NutraNomics and The Plant, the parties have been working closely and exchanging deliverables to officially move the newly merged organization forward in preparation for the formal closing. In the coming weeks, we look forward to sharing operational strategies as production transitions into the new facility, additional equipment assets are acquired and activated, and the hiring of key personnel critical to the organization are put into place.
The combined organization is successfully capitalizing on the momentum established by The Plant over the course of the past few years. Powered by the influx of $1.1M of interim capital, the organization has been able to onboard new sales agreements, develop and manufacture additional products and services, and scale existing production capabilities. The Company is positioned for production across a suite of several new complimentary products, and is poised to accommodate additional client demand. The interim capital has already empowered the generation of significant additional revenue with more growth on the horizon.
As a formal follow-up to the terms of the definitive merger agreement recently executed between NutraNomics and The Plant, the parties have been working closely and exchanging deliverables to officially move the newly merged organization forward in preparation for the formal closing. In the coming weeks, we look forward to sharing operational strategies as production transitions into the new facility, additional equipment assets are acquired and activated, and the hiring of key personnel critical to the organization are put into place.
The combined organization is successfully capitalizing on the momentum established by The Plant over the course of the past few years. Powered by the influx of $1.1M of interim capital, the organization has been able to onboard new sales agreements, develop and manufacture additional products and services, and scale existing production capabilities. The Company is positioned for production across a suite of several new complimentary products, and is poised to accommodate additional client demand. The interim capital has already empowered the generation of significant additional revenue with more growth on the horizon.
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