NutraFuels Sets the Stage for Growth with New Launches & Improving Financials
Ryan Allway
April 3rd, 2017
News, Top News
The cannabidiol (CBD) market is expected to surpass $2 billion by 2020, according to the Hemp Business Journal’s CBD Report, which represents a breakneck 59% compound annual growth rate. With new studies showing clinical benefits every day, the sector has caught the attention of both medical professionals and consumers, especially since CBDs aren’t subject to the same harsh restrictions as psychoactive components of the cannabis plant.
In this article, we will take a closer look at NutraFuels Inc.’s (OTC Pink: NTFU) tremendous strides in launching new products and securing purchase orders over the past month.
New Clinically Validated Products
NutraFuels recently announced that it finalized product packaging and began production of five of its latest oral spray daily health and wellness products containing cannabidiol (CBD) derived from industrial hemp. These dietary supplements support various daily health and wellness uses including weight loss, anti-stress, energy and focus, sleep support, and pain relief. The THC-free product line will be marketed and sold through third parties and internal distribution.
The problem with many supplements on the market is that the absorption of CBD is limited by the so-called first-pass metabolism in the liver. After recognizing this problem, the company developed an innovative oral spray delivery system that is both convenient and significantly increases bioavailability by bypassing first-pass metabolism in the liver. CBDs and other nutrients are delivered directly into the bloodstream and readily utilized by the body.
The company also announced last month that it plans to conduct clinical studies on its line-up of oral spray nutraceuticals to further validate its approach and set it apart from competitors relying on anecdotal evidence. The clinical program will evaluate the absorption and efficacy of the product for common health and wellness uses by looking at the time course of absorption of melatonin and CBD following a fixed single oral spray dose in healthy volunteers.
New Revenue & Improving Financials
NutraFuels followed up the launch of its new products with the announcement of multiple purchase orders from various entities to manufacture hemp-derived CBD rich nutraceutical products. The team already began production of its NutraHempCBD house brand and is in the process of producing several different SKUs under multiple other brands. With the new demand, the company is exploring ways to increase its manufacturing capacity to support future growth.
On a balance sheet and governance level, the company announced last month that it converted all of its short- and long-term outstanding debt and became debt free. The company also announced the engagement of Daszkal Bolton accountants and advisors – a third party SEC accounting and auditing firm – to complete an audit of the company’s books and records for 2015 and 2016 so that it could become fully-reporting under SEC guidelines.
Finally, the company added Senator Ron A. Silver and the Honorable Randy Avon to its Advisory Board to help facilitate new business development in several key international markets, including Latin America and Central & South America. Mr. Silver also has over 40 years of experience in public and private sectors with extensive backgrounds in business law, business development, and international distribution.
Looking Ahead
NutraFuels Corp. (OTC Pink: NTFU) represents a compelling investment opportunity in the cannabis industry. With a focus on low-risk cannabidiol (CBD), the company faces less regulatory risks than companies involved with psychoactive tetrahydrocannbinol (THC) and other substances. In recent weeks, the company has been gaining traction with new product launches and purchase orders while improving its overall financial health.
For more information, visit the company’s website or CannabisFN’s company profile.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.
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