Naturally Splendid Cleared for Continued Trading On Frankfurt Exchange
September 12 2018 - 6:00AM
Naturally Splendid Cleared for Continued Trading On Frankfurt
Exchange
Naturally Splendid Enterprises Ltd. ("Naturally
Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP)
(OTC:NSPDF) is pleased to announce it has been removed from the
Clearstream Banking AG (“Clearstream”) restricted cannabis related
securities list. (See Company’s news release of September 5th,
2018)
Naturally Splendid CEO and Director Douglas
Mason states, “We are extremely pleased with the decision made by
Clearstream to remove NSE from the restricted cannabis related
securities list thus allowing German and European investors
continued efficient share transactions. The company will continue
to trade on the Frankfurt Stock Exchange without disruption to our
current shareholders. We would like to thank Clearstream for their
thorough review and removal of the company from their restricted
list. We would also like to thank the European Industrial Hemp
Association (EIHA) for their efforts in clarifying our business
practices with Clearstream.”
Clearstream previously announced that, effective
September 28, 2018, it would no longer be settling and safekeeping
securities whose main business is connected directly or indirectly
to cannabis and other narcotics products. In response,
Naturally Splendid had requested that Clearstream remove NSE from
its list of restricted cannabis related securities as the Company’s
current business activities are limited to hemp-based food and
health products for people and pets. Naturally Splendid does not
deal in marijuana or marijuana related products, and industrial
hemp products are currently permitted in Canada pursuant to
the Industrial Hemp Regulations (Canada). This
followed after the European Industrial Hemp Association (EIHA) had
also independently reached out to Clearstream similarly requesting
that Naturally Splendid be removed from Clearstream’s restricted
list. Clearstream has since conducted a revised risk-based
assessment and has removed Naturally Splendid from its list of
restricted cannabis related securities.
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 cannabinoid compounds in a broad spectrum of applications.
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 WayPitt Meadows, BC, V3Y
0E2Office: (604) 465-0548Fax:
(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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