NutraFuels Inc (OTCMKTS:NTFU) has turned into a microcap runner overnight, rising from its base of $.25 to hit $2.40 in only five days time, for gains of 860%. This comes as the company has been heavy on the news flow and issuing a stream of press releases. Investors are now asking how much gas is left in the tank and are new highs just around the corner? One things for sure, NTFU is certainly volatile and this creates plenty of opportunities for nimble penny stock traders.
First up, a little background on the company. NutraFuels Inc was founded in 2010, to manufacture, distribute and market a line of oral spray nutritional dietary products to consumers, retailers and wholesale outlets. Oral spray delivery systems are recognized by many as an effective methodology for delivery of pharmaceutical and nutraceutical products. NTFU’s product line consists of vitamins and nutrients in an aqueous solution, orally delivered through a non-aerosol pump. The products are sprayed into the mouth in the form of a fine mist entering the delicate tissue of the mouth. The nutrients are then delivered into the bloodstream and assimilated throughout the body more quickly than traditional methods, avoiding the solubility and absorption problems common with most ingested vitamins and nutritional supplements in pill or capsule form.
The latest news from the company is that it started production on five CBD oral spray products to help support various daily health and wellness needs. The company’s new line of oral sprays include; Pain Relief, Sleep Support, Energy & Focus, Anti-Stress/Relaxation and Weight Management. Each of the five formulations contains researched, naturally derived ingredients along with Industrial Hemp cannabidiol (CBD), formulated in an aqueous solution delivered orally via the company’s intra-oral spray delivery system.
NutraFuels is now in the process of completing the new brand identity, packaging and positioning for the five oral spray CBD formulas. The company said it will be ready to launch the line nationally through the company’s partnership distribution platforms in the first quarter of 2017.
Earlier this month, NutraFuels secured a new business development agreement and partnered with private label skin care and dietary supplement company, NFSKIN to manufacture market and distribute a wide array of liquid based nutraceutical products. Under the agreement NutraFuels will manufacturer for NFSKIN and its customers a multitude of liquid based nutraceutical dietary supplement products utilizing various delivery systems including intra-oral spray, sublingual drop and drink shot formulations.
Last month, NutraFuels said that it had completed a series of production runs for both its in house brands and private label business. NTFU’s products are now being marketed, distributed and offered to customers internationally. The company is launching multiple products and brands through various platforms including Amazon which markets and distributes the in house brand NutraSpray and private label brand NutraXT along with My Daily Choices international network marketing platform and Journey Health USA’s international network marketing platform. CEO Edgar Ward said:
“We are strategically executing our game plan, and we are seeing a positive reaction to the launch of our in house brands along with increased production demand from our private label business. As we move forward with additional new innovative formulas and products we remain focused on producing and distributing high quality daily health and wellness products to help improve the quality of life through naturally derived efficient and effective supplementation.”
Currently trading with a market cap of $53 million, NTFU reported $59k in cash, $2.49m in total assets, and $2.7m in liabilities for the quarter ending September 30. For the first nine months of 2016, NTFU reported $260k in revenues compared to $123k in the prior year period. The company was able to reduce its net loss in this period from $1.4m in 2015 to $546k in 2016.
Going forward, the key for NutraFuels is getting its five oral spray CBD formulas into the marketplace. If the company can successfully market its products and boost revenues, there will be plenty of gas left in the tank for NTFU to power higher. We will be updating our subscribers as soon as we know more. For the latest updates on NTFU, sign up below!
Disclosure: We have no position in NTFU and have not been compensated for this article.