Nutriband board approves 25% Preferred Stock dividend

Nutriband’s (NTRB) Board of Directors has approved and declared a 25% preferred stock dividend. Shareholders of record on July 25 will receive one preferred share for every four shares of common stock held. The pay date for shareholders to receive their new issuance will be August 5. Each preferred share will be convertible to one share of common stock following FDA approval of the Company’s AVERSA Fentanyl product. If the preferred share remains unconverted it shall be entitled to a cash dividend paid from the profits of the company on an annual basis as decided by the board of Directors.