Published On: Mon, Oct 6th, 2014

Neutra Corp (OTCMKTS:NTRR): Stocks Doubled During the Past Week

Neutra Corp (OTCMKTS:NTRR) gained nearly 100 percent during the past week, becoming top gainers among the cannabis industry stocks. The stock surged on the Contain a Grow acquisition by its JV partner Vertigo Technologies. Industry giant GW Pharmaceuticals plc (NASDAQ:GWPH) also showed positive momentum during Thursday and Friday. This could be attributed to stock upgrade to ‘outperform’ from ‘neutral’ by investment analysts at Zacks. Cannabis stocks require close monitoring ahead of November 2014 elections as several more states have introduced ballot initiatives. However, some polls have portrayed declining support for cannabis.

Neutra Corp (OTCMKTS:NTRR) recently reported the commencement of first commercial production at a turnkey horticulture operation Contain A Grow. Neutra CEO, Chris Brown, expressed that the operation will soon begin production of self-contained vegetative, drying and blooming systems in several sizes. Recently it is manufacturing a 30 feet blooming system. Such systems can be easily stacked up and transported quickly.

In August 2014, Neutra Corp (OTCMKTS:NTRR) appointed Chris Brown as its new CEO to lead the market introduction of new Diamond Anvil vapor pen. Mr. Brown succeeded Sydney Jim, who left the company to pursue other opportunities. He brings significant experience in product launches and branding and is expected to leverage his expertise to the launch and development of antimicrobial horticulture solutions.

Among the regulatory affairs, Pennsylvania’s Senate recently approved a bill to legalize medical marijuana. The bill is now sent to the House and then it will be forwarded to Governor for a sign off. The bill received 43 votes in favor and seven votes in against. A Mississippi-based cannabis activism group also filed for a ballot initiative in the state on the November 2016 election. However, a large survey that collected 4,500 responses found that the support for medical marijuana legalizations decreased to 44 percent in 2014 as compared to 51 percent in 2013.

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