NutraNomics, Inc. to Acquire DHS Development Inc. dba The Plant
GLADSTONE, Ore., January 20, 2022 (Newswire.com) - NutraNomics. Inc. (OTC: NNRX) has entered into a Binding Letter of Intent with DHS Development Inc. dba The Plant, of Desert Hot Springs, CA. (www.theplantlabs.com), to acquire the organization's assets, IP and key personnel. The Plant's principals and key management are an essential component to NutraNomics' strategic vision for growth and critical to its success path in an evolving industry. "This is an exciting step and opportunity for NutraNomics and represents the first of future M&A's to come. We are confident The Plant and its principals are key anchors in our efforts to empower the NutraNomics mission with premium-grade Processing, Product Diversity and R&D Intelligence. As such, this initial acquisition is a methodical and responsible move in our pursuit to acquire resources in the Seed, Science, Processing and Distribution model that NutraNomics continues to target," says Chairman and CEO Jonathan Bishop. NutraNomics will continue its due-diligence process in preparation for a targeted acquisition closing in February. "I feel very confident that joint counsels and our independent audit will move along favorably to meet February's goal. In the meantime, our management teams will be working together to support The Plant's efforts to grow and onboard current and additional clientele," says Chairman and CEO Jonathan Bishop.
NutraNomics is looking forward to sharing more details in the weeks and months to come.
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Source: NutraNomics, Inc.