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Through its wholly-owned subsidiary, Precision Analytic Testing, NutraFuels, Inc. (NTFU) has entered into an agreement with a Maryland based Botanical Products Processor to refine, distill and process Crude US Grown Hemp Oil into finished CBD-rich oil at its established Cambridge, MD facility.
The agreement will enable NTFU to offer and utilize cultivation, processing, and various forms of testing and procedures for bulk crude CBD oil into refined full-spectrum oil, distillate, and pure CBD in the form of isolate at the Processor’s Rural Maryland Council supported facilities.
This Hemp Processor relationship will provide NTFU with a supply of finished CBD products and quality control of the processing of raw materials and finished CBD products in the hemp-CBD sector.
“We are pleased to announce this strategic alliance,” said Edgar Ward, CEO, and Founder of NutraFuels Inc. “This expansion ensures our supply as well as provides an additional revenue stream for NTFU as we strive to establish quality assurance and develop a gold standard in the hemp-derived CBD chain.”
NutraFuels, Inc is a fully reporting company in a class of securities registered with the U.S. Securities & Exchange Commission (SEC). As reported in its Form 8-K filed with the SEC on November 13, 2018, NTFU recently announced its financial results for the three (3) and nine (9) month period ended September 30, 2018 with revenue of $1,062,146 and $2,870,462 respectively compared to $652,385 and $1,027,727 for the three (3) and nine (9) month period ended September 30, 2017.