Shares of Neutra Corp (OTCMKTS:NTRR) continued to trend in the previous trading session after the recent fall.
Trading Data
On Wednesday, NTRR stock fell 4.20% at $0.0023 with more than 5.20 million shares, compared to its average volume of 20.75 million shares. The stock has moved within a range of $0.0023 – 0.0027 after opening the trade at $0.0025.
“Booming Interest” in Sales after Texas Judge Issues Injunction Making Delta-8 Legal
Deity Wellness, which is a subsidiary of Neutra Corp (OTCMKTS:NTRR), has begun working towards securing and closing several sales opportunities that had been previously put on hold.
This announcement comes right after a Texas judge has ruled in favor of making Delta-8 legal that ends the constant uncertainty regarding the substance.
The company is hopeful that this ruling will have a positive impact on Neutra as the revenues witnessed a startling jump of 66% between Q2 and Q3 2021. Neutra CEO Sydney Jim, sees enormous potential in Delta-8, and now that Deity Wellness has resumed sales, they are witnessing a lot of interest in what the company has to offer and people want to make deals as well.
Neutra, Deity Wellness, other manufacturers, retailers and consumers had believed the 2018 Federal Farm Bill and a 2019 Texas law legalizing hemp also made Delta-8 legal for sale and use in the Lone Star State.
However, Texas state attorneys had argued against it. Travis County District Judge Jan Soifer, ruled in favor of the plaintiffs, Sky Marketing Corp, and issued an injunction that prevented the stated from adding Delta-8 to its list of illegal controlled substances.
Deity Wellness can now fulfill orders for Delta-8 infused gummies, vape cartridges, and other products.
Key Quote
“We’re back in full force and seeing booming interest,” said Neutra CEO Sydney Jim. “Delta-8 has the great potential for good. Now that Deity Wellness has resumed sales, our phones have been blowing up with people interested in what we have to offer and wanting to make deals.”
Technical Data
NTRR stock is trading below the 20-Day and 50-Day Moving averages of $0.0028 and $0.0031 respectively. Moreover, the stock is trading below 200-Day moving average of $0.0044. The stock is down 21% in the past 3-month.
