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NutraNomics, Inc. (NNRX) Announces Establishment of UK and Domestic Subsidiaries for Expansion and Farming Opportunities Along with a New Huntington Beach, California Headquarters
NutraNomics, Inc. (NNRX) Announces Establishment of UK and Domestic Subsidiaries for Expansion and Farming Opportunities Along with a New Huntington Beach, California Headquarters.
About this update from Nutranomics, Inc.
[{"type":"text","content":"\nPortland, OR, June 19, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- NutraNomics, Inc. (NNRX) announces establishment of UK and Domestic Subsidiaries for expansion and farming opportunities along with a new Huntington Beach, California Headquarters.\n NutraNomics is please to announce the formation of our International Division and our first farming subsidiary in the United States.  NutraNomics UK LLC Limited is the newly formed, wholly owned, international presence for NNRX designed to encourage international partnerships and agricultural funding opportunities. Established in the United Kingdom, the entity will hold and transact our international opportunities by providing a more attractive home for international investment interests. We have secured significant investment opportunities that can fund large scale operations meeting specific criteria. NNRX is in the process of packaging farming opportunities to present, should we opt to exercise this source of funding. We are also reviewing and vetting several other opportunities for hemp cultivation internationally that fit the standards set by this funder.  NutraNomics UK LLC Limited will be the entity for all Caribbean, South American, African and European farming operations currently under analysis. The phased approach to our ‘Eco-Campus’ entails tranches of expansion, starting with farming and expanding to extraction and greenhouses. This will provide NNRX with the opportunity to grow into the international markets as each country defines how they will handle sale and export of biomass, fiber and extracts associated with growing hemp.  “It is clear the market demand for hemp, both Medical and Industrial, will be no closer to being filled in 2019 and 2020. This shortage provides a unique opportunity for NutraNomics to respond to market demand while building out our farming and extraction,” says Jonathan Bishop, CEO of NutraNomics. “The potential legality and distribution issues that surround CBD extracts in the US, or at the very least the cloudy nature of FDA approval as compared to the international community, gives us the confidence that the diversification of our farming operations is not only right, it is necessary for the immediate and long term growth of the company.”  BioMedical Holdings, LLC is the first of our...