U.S. wellness company Neutra Corp. on Tuesday said it was working on a list of potential mergers and acquisitions (M) targets, as part of a drive for growth this year. The company plans an aggressive M strategy that would give it more share of the growing USD1.7bn (EUR1.3bn) medical marijuana market (MMJ) in the U.S., it explained.
Without giving any specific details as to the potential targets, Neutra said it was eyeing acquisition and partnership deals with emerging MMJ firms. Its executive leadership will meet in California this week with veterans in the MMJ industry and will be looking for potential deals in the region. A similar visit to Colorado is planned for the future, Neutra said.
Neutra develops and markets cannabis-related products and services, as well as protective, anti-microbial coatings for indoor and outdoor surfaces.
For more information visit www.neutracorp.com
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