NXT Nutritionals announced the completion of closing of the private placement offering in the amount of approximately $3.3 million.
“We have once again demonstrated the confidence our investors have in our Company and in our ability to potentially change the sweetener market with SUSTA,” said Michael McCarthy, president and CEO of NXT Nutritionals. "This is an exciting time for us as we continue to roll out SUSTA nationally."
"We believe that the capital raised from the private placement will enable us to execute our business plan as we position the Company to capture a significant share of the alternative sweetener market. I want to thank the team at NXT Nutritionals for all of their hard work as well as our investors and shareholders for making the financing a successful milestone," McCarthy added.
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About NXT Nutritionals Holdings, Inc.
Headquartered in Holyoke, MA, NXT Nutritionals Holdings, Inc., through its wholly owned subsidiary NXT Nutritionals, Inc., is a developer and marketer of a proprietary, patent-pending, all–natural, healthy sweetener sold under the brand name SUSTA™ and other food and beverage products. SUSTA™ Natural Sweetener, sold as a stand-alone product and the common ingredient for all of the Company’s products, is an all natural, healthy sweetener that has minimal calories and low glycemic index. NXT Nutritionals has also developed a line of SUSTA™-enhanced best-in-class, non-fat reduced-calorie yogurt smoothies that are marketed as Healthy Dairy® Yogurt Smoothies.
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