Naturally Splendid Producing Energy Bites for International Plant-Based Nutrition Company
November 13 2019 - 7:15AM
Naturally Splendid Enterprises Ltd. ("Naturally
Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP)
(OTC:NSPDF) a healthy food, hemp product developer and large scale
producer for in-house brands as well as global contract
manufacturer, is pleased to announce it has begun manufacturing
plant-based energy bites for an international, plant-based sports
nutrition and healthy lifestyle company.
This internationally reaching company has annual
sales in excess of $100,000,000 CDN in over 15,000 retail stores,
as well as having a significant e-commerce platform. In operation
for over 16 years, our client has been a groundbreaker in the
plant-based natural health and performance products industry. They
are a high-growth, natural health food and supplement company on
Profit Magazine's Profit 100 list of fastest growing companies for
the past five years. Under the direction of our client and to their
exacting specifications, Naturally Splendid is manufacturing a
popular plant-based energy bite at our Safe Quality Food Level 2
certified facility in Pitt Meadows, BC. This line is expected to
generate revenues to NSE in excess of $1,000,000 Canadian
annually.
Naturally Splendid is proud to be working with
this world class organization and is in perfect harmony with their
concept of producing healthy, plant-based nutritional products such
as energy bites. Naturally Splendid worked closely with our
client’s product development team on these initial five (5) SKUs
and look forward to the opportunity of growing additional business
with this client.
Executive VP of Operations Mr. Bryan Carson
reports, “We continue to evolve and grow at Naturally Splendid and
are pleased to be attracting clients of this calibre. We continue
to expand our operation’s capacity as well as our range of services
and products manufactured. We will leverage our expertise as food
manufacturers to continue to expand our own product lines and
attract additional high-quality clients. We anticipate expansion
into the evolving infused cannabis markets as regulations allow. We
believe being acknowledged as a premium food manufacturer will
provide competitive advantages when competing for business for
infused edibles.” Company CEO Mr. Goodwin states, “It is important
to understand the Company has a rapidly growing business model in
the food manufacturing business. Naturally Splendid has evolved
into more than a hemp company as we expand third party processing
capacity and position the Company for the potential
opportunities in cannabis additives. While the Company acknowledges
that the edibles opportunity presents significant growth and
revenue potential, much of that industry has been challenged with
finding viable economic models. Having a viable business
opportunity outside the cannabis space, yet complimentary to
that market, mitigates the challenges many cannabis companies are
experiencing while still positioning NSE for an industry that is
expected to grow both in Canada and abroad.”
About Naturally Splendid Enterprises
Ltd.
For more information on NSE, please visit our
website: www.naturallysplendid.com
For more information e-mail
info@naturallysplendid.com or call Investor Relations at
604-673-9573
On Behalf of the Board of Directors
Mr. Craig GoodwinCEO, President, 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) 465-1128E-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; customers
will complete on sales contracts; 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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