SEATTLE, WA--(Marketwired - Jan 12, 2017) - CFN Media Group, the leading creative agency and digital media network dedicated to legal cannabis, announces the publication of an article discussing the improving financial performance and growing distribution network of NutraFuels Inc. (OTC PINK: NTFU).
Many microcap companies are full of promises and empty on results, but NutraFuels has proven that it can scale revenue higher. During the 9-month period ended September 30, 2016, the company's revenue increased 111.2% to $260,471 and gross margins improved from 14.2% to 58.8%, which helped decrease its net loss by 63.1%. Since then, the company has reported a steady flow of new purchase orders that could drive revenue higher.
NutraFuels has announced several new purchase orders that could drive revenue during the fourth quarter and beyond. Since the company's products are consumables, the clients purchasing these orders are likely to become repeat customers over time if their customers purchase the products. The company's R&D efforts have also expanded its product lines to provide deeper opportunities for its existing clients.
NutraFuels relies on extensive distribution networks to sell its products, which means that new partnerships are vital to its success. Over the past several weeks, the company has announced new deals designed to increase its exposure to potential distributors, as well as the addition of at least one new distributor to the mix. These deals provide leverage to increase revenue over the long-term by establishing new channels to end market consumers.
Please follow the link to read the full article: http://www.cannabisfn.com/nutrafuels-ntfu-ramps-up-revenue-inks-partnerships/
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CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
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