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Arev Nanotec Brands Inc

09:58 AM EST - Arev Nanotec Brands Inc : Announced its subsidiary AREV Cambodia Brands Inc. has initiated the first of several steps to setting up a permaculture operation on 20 hectares of land near Phnom Penh to support the development of the raw materials for product innovations in development for introduction to market in the 3rd Quarter of 2021. Our first product category is a Ready-to-Use Therapeutic Food or “RUTF”. Several ingredients will be produced using AREV’s proprietary extraction methodologies, including selected fungi that will be used in “SUS-TAINN”, our branded RUTF formulation. Mycelium are a known source of sustainable protein, which has been neglected in the development of other RUTF formulas currently distributed in significant volume in resource poor settings by numerous public health commodity procurement agencies. Examples include the World Food Program and USAID utilizing RUTFs to address severe and chronic malnutrition, a condition that exacerbates pandemic diseases and associated co-morbidities. Arev Nanotec Brands Inc shares C.AREV are trading down 2 cents at $0.37.