An emerging leader in organic plant-based nutritional science and innovation, NutraNomics Inc (OTCMKTS:NNRX) and The Plant, a NutraNomics company as well as Greenbird Distribution subsidiary of The Plant, on September 13, 2022, announced a distribution expansion footprint in Northern California.
Trading Data
On Monday, NNRX stock soared 20% to $0.0003 with more than 55.38 million shares traded, compared to volume of 90.06 million shares. The stock moved within a range of $0.0002 – 0.0003 after opening trading at $0.0003.
NutraNomics, Inc. and The Plant Announce Distribution Expansion Into Northern California
Greenbird Distribution scaled the distribution footprint through the addition of the Northern California distribution hub in Dixon, CA. Located between the Bay Area and Sacramento, the City of Dixon affords Greenbird the benefit of efficient and rapid access to the most concentrated markets in Northern California. The expansion will lower the firm’s operational cost but also enable 48 hours of fulfillment from a customer-care centric distribution facility.
Jim Sprouse, Greenbird’s Director, and Chief said that the company has added 23 accounts to the roster including High Times retail chains and Vibes around the Bay area. Sprouse added that the expansion is the next step in its model of growth to 300 retail customers by year’s end.
In the last one month, Greenbird’s focal point has been Los Angeles. The next hub will target the huge LA market. In the interim, the firm will be sending vans from Palm Springs.
The new addition has resulted in four representatives covering LA county. Greenbird just started to supply LA-based chains of Sweet Flower as well as The Syndicate with products and services.
Key Quote
“As a result of this expansion, we’ve already added 23 accounts to our roster including the Vibes and High Times retail chains in and around the Sacramento and Bay Area,” commented Jim Sprouse, Greenbird’s Director and Chief. “This expansion represents the next step in our model of growing to over 300 retail customers by year’s end, and we are encouraged by the immediate uptick in sales results.”
Technical Data
NNRX stock is trading above the 20-Day and 50-Day Moving averages of $0.0002 and $0.0003 respectively. Moreover, the stock is trading above the 200-Day moving average of $0.0003. The company has a total market capitalization of $627K.
