VANCOUVER, British Columbia, June 26, 2018 (GLOBE NEWSWIRE) -- 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 email@example.com or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
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
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.
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