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VIVIS Signs Key Equipment Leasing Deal with Oklahoma CBD Firm

October 06, 2020, 07:05 AM
Filed Under: Cannabis
Related: Cannabis

Neutra Corporation subsidiary VIVIS has completed a deal with an Edmond, OK, cannabis company to lease production equipment as well as supply consulting services to help it build a testing lab. The move is the successful culmination of a letter of intent agreement the two organizations signed earlier this month.

"VIVIS has a solid market reputation many up-and-coming companies want to emulate," said Neutra CEO Sydney Jim. "We can take advantage of that through consulting and leasing. This business model promises to deliver a strong new revenue stream for us as the market for cannabis and hemp CBD products continues to soar."

VIVIS has gained attention for its successful rapid expansion. It has opened two new production facilities in the past six months on the outskirts of Houston. The openings have enabled VIVIS to introduce new hemp-based CBD products into the market during a time when other industries have faced production and market difficulties due to COVID-19.

Unlike other industries, COVID-19 and the resulting economic slowdown has not slowed demand for hemp-based CBD products. Market research group Brightfield has reported 40 percent of CBD users surveyed said they have increased their consumption in recent months.

Prices for premium products have fallen, making quality offerings, such as those sold by VIVIS, more affordable for a greater number of buyers. VIVIS hemp-based products are tested by a third-party lab for purity and potency - a key differentiator for VIVIS in the market.

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