Naturally Splendid Secures Additional Purchase Order from Australian Distributor
August 20 2018 - 8:00AM
Naturally Splendid Enterprises Ltd. (“Naturally Splendid”
or “NSE” or “The Company”) (TSX-V:NSP) (OTCQB:NSPDF)
(Frankfurt:50N) is pleased to announce that an additional Purchase
Order of NATERA® branded products valued at approximately
$100,000.00 CDN, has been received from their Australian
distributor.
Naturally Splendid’s strategic alliance with our
Australian distributor, a multi-divisional distribution company
with eight wholly owned subsidiaries covering retail; food service;
and practitioner markets, represents several thousand points of
sales and is the foundation to launching multiple product lines in
Australia.
The first shipment of NATERA® branded products
cleared customs in Australia and arrived at our distributor's
warehouse in late 2017. The second shipment valued at approximately
$140,000CDN, was shipped in a 40' container for distribution
throughout Australia. This most recent shipment is intended to
expand the NATERA® consumer base and further penetrate the
Australian market.
Naturally Splendid President Mr. Craig Goodwin
states, "Our vertical integration strategy creates a unique
position for the Company when measured against most other hemp
companies. Since our first shipment to Australia, we have
solidified our vertical integration to include our own hemp
processing, expanded our bar manufacturing and test kitchen
facility, applied for our Dealer License allowing for the
extraction of CBD (cannabidiol) from hemp amongst many other
activities, as well as have invested significant resources
developing new products. Products developed by Naturally Splendid
derived from industrial hemp for food, cosmetics, skincare, pet
nutrition and care, will continue to find new markets such as
Australia and we look forward to working with our distributors
expanding the NATERA® brand there, thus creating an expanding
opportunity to leverage our proprietary technologies like
HempOmega™ and numerous other products that Naturally Splendid has
developed as it relates to hemp.”
At the Australian Industrial Hemp Conference
earlier this year, Mr. John Harvey, Managing Director AgriFutures
Australia stated, “With the recent changes in the regulatory
environment AgriFutures Australia has identified hemp as important
emerging industry. Therefore, the Australian Industrial Hemp
Conference comes at a particularly important time for the
Australian industry to coordinate and to develop business models
that will unlock the potential of this crop.”
Naturally Splendid CEO Mr. Douglas Mason states,
“The position of AgriFutures Australia sends a positive signal in
our opinion, for evolving hemp regulations including CBD
(cannabidiol), derived in our case from hemp. Our previously
announced Dealer License application as well as plans to build our
own CBD extraction facility, further strengthens our opportunity in
Australia and we look forward to expanding our product offerings
there as regulations allow.”
About Naturally Splendid Enterprises
Ltd.
Naturally Splendid is a biotechnology and
consumer products company that is developing, 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 marijuana cannabinoid compounds in a broad spectrum of
applications.
Naturally Splendid currently has four innovative divisions:
(1) |
BIOTECHNOLOGY
– Focused on three major platforms: |
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• Proprietary
HempOmega™ encapsulation |
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• Extraction and
formulation with Cannabidiol (CBD) |
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• Hemp and
plant-based proteins |
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(2) |
CONSUMER
PRODUCTS |
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NATERA® - brand of retail hemp and superfood
products distributed throughout North America, Asia and
Europe. |
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The Bar Makers
(Prosnack Natural Foods Inc.) makers
of (Elevate Me™) - lifestyle brand of healthy
meal replacement products distributed throughout North
America. |
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Chi Hemp
Industries Incorporated (CHII) - e-commerce platform for
natural and organic hemp products. |
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PawsitiveFX® - topical pet care products. |
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NATERA®CBD - retail hemp-based cannabinoid
nutraceutical and cosmeceutical products distributed in Asia. |
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NATERA®Skincare - brand of retail hemp based
cosmeceutical products. |
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(3) |
NATERA®
Ingredients - bulk ingredients including HempOmega™ |
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Naturally Splendid Hemp Processing 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. |
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(4) |
Co-Packaging/Toll-Processing - packaging for
house-brands (NATERA® and CHII) and third-party partners. |
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For more information e-mail info@naturallysplendid.com or
call Investor Relations at 604-673-9573
On Behalf of the Board of DirectorsMr. Douglas Mason CEO,
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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