CFN Media Group (“CFN Media”), the leading agency and financial
media network dedicated to the North American cannabis industry,
today announced publication of an article covering Naturally
Splendid Enterprises Ltd. (TSX-V:NSP) (OTCQB:NSPDF) (FRK:50N).
The company represents a compelling opportunity in the bar/snack
market space, after acquiring new equipment earlier this year, the
company secured a C$5 million contract to produce unique bar/snack
products in North America.
The global bar/snack market is expected to grow significantly
over the coming years, according to market analysts, driven by
growing demand for healthy snacks to support nutrition and
wellness. While there are many different companies in the space,
investors may want to pay especially close attention to smaller
companies that are just starting to scale up their operations for
the greatest upside potential.
Rapidly Growing Snack Market
The global snack bar market is expected to grow significantly
over the coming years, according to MarketResearch, driven by
both millennials and baby boomers demand for healthy daily snacks
to support nutrition and wellness. In addition, there is rising
demand for vegan snack bars from consumers who lead a vegan
lifestyle that opts for healthy substitutes for meat, dairy, and
other conventional protein sources.
Naturally Splendid’s Elevate Me™ brand focuses on lifestyle and
healthy meal replacement products that include energy bars and
on-the-go oatmeal's distributed throughout North America -- one of
the most lucrative markets for snack bars. The Elevate Me™ brand
can be found in more than 1,000 retail stores, including Costco,
Whole Foods, Choices, Save On Foods, Sobeys, London Drugs,
Thrifty’s, Rexall, and many more.
The company’s sales and marketing efforts in the space are led
by VP of Sales & Marketing Alan Maddox, who has more than 30
years of experience in the food industry. Prior to Prosnack, the
company was Director of International Sales for McCain Foods where
he was responsible for overseeing sales in over 70 countries, as
well as President of Sepp’s Food Group where he grew sales from C$1
million to over C$88 million.
Landmark $5M Manufacturing Contract
Naturally Splendid recently signed a C$5 million,
five-year bar/snack manufacturing contract through its Prosnack
Natural Foods division.
“Securing this new manufacturing contract will provide NSE with
needed revenue and access to new markets,” said CEO Douglas Mason.
“Increasing our production capacity and product innovation
capabilities was an important objective, this now gives NSE the
flexibility to approach new customers and significantly add to our
service offerings. We see private labeling and co-manufacturing as
enormous opportunities for added revenue, we are currently in
advanced discussions with other companies seeking similar
manufacturing requirements.”
The contract comes shortly after the company acquired a new
state-of-the-art bar/snack manufacturing machine designed to serve
high-volume clients with top-quality products.
“After completing the transition to the NSE facility in April
2018, one of our core focuses was to increase production capacity
to meet demand for larger clients’ requirements,” said VP of Sales
and Marketing Alan Maddox. “Acquiring this new machinery has
supported us to complete this objective. The production
interruption we experienced with the transition to the NSE facility
near the end of Q4’17 and Q1’18 is now behind us and, with resumed
production at the new facility, we are actively seeking more
commitments from previous and new clients.”
The combination of high-volume processing and a new contract
could point to near-term revenues and value creation for
shareholders.
Looking Ahead
Naturally Splendid Enterprises Ltd. (TSX-V: NSP) (OTC:NSPDF)
represents a compelling opportunity within the growing bar/snack
industry. With its new machine and recently awarded contract,
investors may want to take a closer look at the company as it
begins ramping up its revenue and unlocking long-term shareholder
value.
For more information, visit the company’s website or
download their investor presentation.
Please follow the link to read the full
article: http://www.cannabisfn.com/naturally-splendid-secures-c5m-contract-targeting-barsnack-market/
About CFN Media
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