NutraFuels (NTFU): Soaring Revenue & Narrowing Losses
SEATTLE, WA–(Marketwired – Dec 12, 2016) – CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article covering NutraFuels Inc. ( OTC PINK : NTFU ), the company’s recent financial performance, and the introduction of several cannabidiol (CBD) based products to its expansive line of nutraceutical products.
The global market for nutraceuticals is expected to eclipse $240 billion by 2019, according to BCC Research, driven by increasing health concerns, growing government support, aging populations, and advancing per capita incomes. Nutraceutical International Corp. and other large manufacturers, marketers, and distributors have grown tremendously, but smaller companies could provide investors with the greatest upside potential.
NutraFuels is a manufacturer, marketer, and distributor of liquid-based nutraceuticals delivered via oral sprays and drink shots. With a superior absorption rate compared to traditional nutraceuticals (e.g. pills), the company’s seven product lines have seen tremendous sales growth over the past few quarters. The company has also begun the launch of new hemp-based cannabidiol product to participate in the booming cannabis industry.
Innovative Delivery Systems
NutraFuels sets itself apart from the competition with its innovative delivery mechanisms for nutraceutical products. With up to a 98% absorption rate, the company’s oral spray products allow for optimal delivery of vitamins and nutrients into the human body. This oral delivery system has been proven to be more efficient and effective than traditional methods such as pills, powders, and other delivery mechanisms that rely on metabolism in the gut.
The company currently has three core in-house products on the market targeting sleep (Sleep Support), appetite control (Weight Loss), and hair, skin, and nail health (Spa Treatment) that are being sold on www.shopnutraspray.com and on Amazon.com. The company’s private-label partners include My Daily Choice, NutraXt, and Journey Health USA, which sell customized products through their networks to thousands of individuals worldwide.
In addition to these products, the company has developed several new oral spray products containing industrial hemp CBD-rich oils supporting pain relief, sleep, anti-stress/relaxation, energy & focus, and daily wellness. The company has also developed and is producing private-labeled hemp-based CBD products including; oral sprays, tinctures and drink shots for partner and private label customer Hemp Genix, targeting the same health and wellness indications. With the rapid growth of the CBD industry, the company could see significant revenue acceleration from the distribution and sales of new products being sold to the mass markets.
Improving Financial Condition
NutraFuels recently announced third quarter revenue that increased 111.2% to $260,001, gross margins that increased 769% to $153,000, and a net loss that narrowed 51% to $657,000 or $0.02 per share. Management completed a series of production runs for both house and private label brands and is focused on marketing and distributing the products to customers around the world as it enters its commercialization phase.
In late-October, the company announced that it had begun production on 100,000 units for one of its private label brands, My Daily Choice, consisting of six oral spray products targeting various wellness verticals. My Daily Choice has approximately 50,000 distributors worldwide consisting of some of the most successful entrepreneurs, marketers, and consultants in the network marketing sector, making them a natural choice for distribution.
“We have made progress this quarter,” said Edgar Ward, NutraFuels’s CEO. “We are strategically executing our game plan, and we are seeing a positive reaction to the launch of our in house brands along with increased production demand from our private label business. As we move forward with additional new innovative formulas and products we remain focused on producing and distributing high quality daily health and wellness products to help improve the quality of life through naturally derived efficient and effective supplementation.”
Follow the link to read the full article: https://www.cannabisfn.com/nutrafuels-ntfu-soaring-revenue-narrowing-losses/