RE:NEWS!NEUTRISCI TO DEVELOP CANADIAN PRODUCTS WITH GAIA GROW CORP
Vancouver, British Columbia – February 22, 2023 – NeutriSci International Inc. (“NeutriSci” or the “Company”) (TSX-V: NU, OTC PINK: NRXCF, FRANKFURT: 1N9), an innovative technology company developing products for the nutraceutical industry, is pleased to announce an agreement to move forward with the development of a line of products for the Canadian market with Gaia Grow Corp. (CSE: GAIA; FSE: GG00) (“Gaia”).
Gaia’s wholly owned subsidiary TRU Extracts (“TRU”) a Health Canada licensed extraction and production lab will develop and distribute the NeutriSci products under its licence for sale in the legal Canadian marketplace that also allows for export to other legalized global markets.
The revenue structure shared between each company will be dependent on the specifics of each SKU and its related distribution partner. Additionally, the Company will help coordinate and expedite the entrance of new SKU’s into Gaia’s already established distribution network in Canada.
This arrangement provides the Company with additional revenue streams and the immediate flexibility to assist in the creation of new product lines.
In all instances, SKU production will take place in TRU’s 30,000+ sq ft facility located in Alberta, Canada, and will be sold to third parties at a future date.
Frederick Pels, CEO of Gaia, said, "NeutriSci’s products are innovative and we are excited to bring them to the Canadian marketplace. We have assembled a strong and experienced team that will be able to achieve this goal. I look forward to working with the team at NeutriSci and bringing another revolutionary product to consumers."
Glen Rehman, CEO of NeutriSci, said, “The completion of this transaction with Gaia opens the door to the now established market in Canada. With their existing sales and distribution pipeline, NeutriSci will now be entering into a market that has seen significant, consistent growth over the last few years. We look forward to bringing new products to the Canadian market very soon.”
About NeutriSci International Inc.
NeutriSci specializes in the innovation, production, and formulation of nutraceutical products. Established in 2009, NeutriSci’s is building sustainable sales models with Convenience, Chain Drug, and Mass Market and Supermarket retailers for its products offering co-branding as well as private label opportunities and contract manufacturing services. For more information, please visit: www.neutrisci.com.
On Behalf of the Board of Directors of NEUTRISCI INTERNATIONAL INC.
Glen Rehman CEO Tel: (403) 264-6320 investors@neutrisci.com