NutraNomics, Inc. (OTC PINK:NNRX) has announced the appointment of Geoffrey Bazegian as President and Chief Revenue Officer, effective immediately. Bazegian, with over 28 years of experience in business development, previously served as SVP of Wholesale Materials. He is tasked with driving NutraNomics' growth through strategic mergers and acquisitions, alongside overseeing global sales. Bazegian has been integral in formulating the company's forward growth plan since joining in 2018, highlighting the firm’s commitment to excellence in plant-based nutritional science.
NutraNomics, Inc. (OTC: NNRX) announced plans for a strategic acquisition of DHS Development, Inc. dba The Plant, focusing on enhancing its manufacturing and cultivation capabilities. The company intends to invest up to $1M in equipment and facility improvements to meet existing customer demand. This investment aims to support the production of various core cannabis products, including concentrates and edibles, from its 27,000 sq. ft. production facility and an additional 30,000 sq. ft. cultivation space. More acquisition details will follow after the expected closure in mid-February.
NutraNomics (OTC: NNRX) announced a Binding Letter of Intent to acquire assets, IP, and personnel from DHS Development Inc. dba The Plant. This strategic move aims to enhance NutraNomics' growth in the processing and distribution sectors. CEO Jonathan Bishop expressed optimism about the acquisition, highlighting the importance of The Plant’s management in aligning with NutraNomics' mission. Due diligence is underway with a targeted closing anticipated in February.