Naturally Splendid Announces Purchase Order with National Distributor
June 26 2018 - 7:30AM
Naturally Splendid Enterprises Ltd. ("Naturally
Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP)
(OTC:NSPDF) is pleased to announce it has secured a purchase order
with a renowned National Distributor (“The Distributor”) in Canada
for its NATERA® and Elevate Me™ brands. The initial purchase order
is valued in excess of $100,000 CDN with the first shipment
delivered earlier in Q2 of 2018.
Already having a solid presence in western
Canada, Elevate Me™ and NATERA® continue to push eastward for new
market opportunities. The addition of a National Distributor adds
to the over 1,500 stores Elevate Me™ is currently sold in and
increases the NATERA® brand distribution network significantly.
Naturally Splendid continues expanding markets with the Distributor
who cannot be identified due to competitive and confidentiality
reasons.
Naturally Splendid Executive VP Sales &
Marketing Allan Maddox states, "We are very excited to have secured
this top tier national distributor for our NATERA® and Elevate Me™
brands as we continue to penetrate the national retail sector in
Canada. The synergies between the ElevateMe™ and NATERA® brands
continues to be of increased interest for distributors. We are
developing additional products that combine the best of NATERA®
Hemp Food products with the processing expertise of ProSnack.
ProSnack is the creator and manufacturer of the ElevateMe™ bar, as
well as many other private label national brands. "Naturally
Splendid is in the unique position of being experts in both the bar
manufacturing and hemp processing business for over ten years. A
claim most other bar manufacturers and hemp processors cannot make.
Most our competitors may claim expertise in one of those two areas,
but few have expertise in both areas. I believe it is differences
like this that will propel Naturally Splendid to the forefront of
new consumer goods as regulations surrounding cannabis sativa
continue to evolve in Canada as well as many international
markets.”
Company CEO Douglas Mason states, “Our retail
brands have been gaining traction both domestically and
internationally and we see demand for these offerings increasing as
we begin to enter new markets. NSE currently has numerous products
under development and we anticipate these will be well received by
our customers and clients. Mr. Maddox has done an exceptional job
introducing the NATERA® brand to new distributors, which
compliments the offering of the Elevate Me™ brand with a wide range
of products to offer. "Additionally, there has been increased
interest in the CBD (cannabidiol) infused bars market which
Naturally Splendid is uniquely positioned to penetrate with our
combination of bar and hemp expertise as well as our pending
Dealer’s License. It has been our strategic goal to build line
extensions from the existing bars being made at ProSnack, and
expand that line to incorporate the nutritional benefits of hemp,
combined with the nutraceutical potential of CBD.”
Revised marijuana and industrial hemp
regulations contained in Bill C-45 are expected to be announced on
October 17, 2018 as announced by the Prime Minister of Canada’s
Office.
About Naturally Splendid Enterprises
Ltd.
Naturally Splendid is a biotechnology and
consumer products company that is developing, and we are producing,
commercializing, and licensing an entirely new generation of
plant-derived, bioactive ingredients, nutrient dense foods, and
related products. Naturally Splendid is building an expanding
portfolio of patents (issued and pending) and proprietary
intellectual property focused on the commercial uses of industrial
hemp and non-psychoactive cannabinoid compounds in a broad spectrum
of applications.
Naturally Splendid currently has four innovative
divisions:
(1) BIOTECHNOLOGY –
Focused on three major platforms:
- Proprietary HempOmega™ encapsulation
- Extraction and formulation with Cannabidiol (CBD)
- Hemp and plant-based proteins.
(2) CONSUMER PRODUCTS -
- NATERA® - brand of retail hemp and superfood products
distributed throughout North America, Asia and Europe.
- Prosnack Natural Foods Inc. (Elevate Me™) - lifestyle brand of
healthy meal replacement products distributed throughout North
America.
- Chi Hemp Industries Incorporated (CHII) - e-commerce platform
for natural and organic hemp products.
- PawsitiveFX® - topical pet care products.
- NATERA®CBD - retail hemp-based cannabinoid nutraceutical and
cosmeceutical products distributed in Asia.
- NATERA®Skincare - brand of retail hemp based cosmeceutical
products.
(3) NATERA® Ingredients - bulk ingredients
including HempOmega™.
- ACI Foods is a science-based, industrial hemp seed processing
business located in Abbotsford, BC. Listed as the only strictly
organic hemp seed processor in North America
(4) Co-Packaging/Toll-Processing - packaging for
house-brands (NATERA® and CHII) and third-party partners.
For more information e-mail
info@naturallysplendid.com or call Investor Relations at
604-673-9573
On Behalf of the Board of Directors
Mr. Douglas MasonCEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.(NSP – TSX Venture; NSPDF –
OTCQB; 50N Frankfurt)#108-19100 Airport Way Pitt Meadows, BC, V3Y
0E2 Office: (604) 465-0548 Fax: (604) 465-1128
E-mail: info@naturallysplendid.comWebsite:
www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release
contains forward-looking statements that are based on assumptions
as of the date of this news release. These statements reflect
management's current estimates, beliefs, intentions and
expectations. They are not guarantees of future performance.
Naturally Splendid cautions that all forward looking statements are
inherently uncertain and that actual performance may be affected by
a number of material factors, many of which are beyond Naturally
Splendid's control including, Naturally Splendid's ability to
compete with large food and beverage companies; sales of any
potential products developed will be profitable; sales of shelled
hemp seed will continue at existing rates or increase; the ability
to complete the sales of all bulk hemp seed purchase orders; and
the risk that any of the potential applications may not receive all
required regulatory or legal approval. Accordingly, actual and
future events, conditions and results may differ materially from
the estimates, beliefs, intentions and expectations expressed or
implied in the forward-looking information. Except as required
under applicable securities legislation, Naturally Splendid
undertakes no obligation to publicly update or revise
forward-looking information.
NEITHER TSX VENTURE EXCHANGE NOR ITS
REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR
THE ADEQUACY OR ACCURACY OF THIS RELEASE.
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