What a time of year to be “all-in” in the cannabis industry.
The latest beneficiary of this upsurge of interest is Huntington Beach, Calif-based NutraNomics (OTC:NNRX) which Monday announced a Joint Venture with the well-known and award-winning California Finest CBD and the California Finest Group of Companies.
The hookup provides for NutraNomics initial contract purchase with California Finest Hemp Farms, of premium genetics and California-grown, organic hemp high in CBD content, below federal limits for THC, and pesticide-free.
Said NutraNomics CEO Jonathan Bishop,“It is a natural move for our companies to make. We are an emerging leader in both nutraceutical development and hemp wholesale. California Finest is an award-winning company whose products are sought after around the world.”
The two firms will further expand their collaboration to add detail and color to the existing agreement, and to expand to encompass the distribution of California Finest product lines through European, Canadian, and South American distribution channels.
Shares in NNRX rocketed in the penultimate hour before Monday’s closing bell, 50% to three-100ths of a cent, on 60.8 million shares.