Nutranomics, Inc. completed the acquisition of DHS Development Inc. from DHS Development Inc.
Nutranomics, Inc. (OTCPK:NNRX) completed the acquisition of DHS Development Inc. from DHS Development Inc. on April 28, 2022. In exchange for 100% of The Plant, NutraNomics equity positions were extended to the existing stakeholders of The Plant as a form of "stock swap". As founders of The Plant, the three majority stakeholders will remain on as top management executives for the company. Additionally, they will all receive appointments to the NutraNomics Board of Directors. Through the Regulation A as a financial instrument, NutraNomics has committed a minimum capital investment of $6.5M over a 12 month disbursement schedule. Richard A Weintraub. of Weintraub Law Group acted as legal advisor to DHS Development Inc. and Jeff Turner of JDT-Legal, PLLC acted as legal advisor to Nutranomics, Inc. (OTCPK:NNRX) in the deal.