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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 55,967,293
Close 2015-10-01 C$ 0.225
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Naturally's three Pro369 flavours get Health Canada OK

2015-10-01 09:24 ET - News Release

Mr. J. Craig Goodwin reports

NATURALLY SPLENDID STARTS PRODUCTION OF CUSTOM FORMULATED PROTEIN BLENDS FOR LAGUNA BLENDS

Three additional custom-formulated, flavoured hemp protein blends created by Naturally Splendid Enterprises Ltd. for Laguna Blends, have received approval from Health Canada. The three additional flavours are Pro369 chocolate banana, mixed berry and vanilla caramel. In an earlier news release it was announced Laguna Blends had received approval from Health Canada for their Pro369 tropical powder.

Pro369 is a variety of unique 30-gram single-serving (on-the-go) hemp protein powder drink mixes that are available in various flavours. The hemp proteins are water soluble and can be directly mixed in water or added to almond, coconut or regular milk. In addition, the hemp protein can also be blended into a shake or smoothie. Pro369 is considered a health industry product.

Naturally Splendid vice-president of operations Bryan Carson reported: "With all four custom formulated proteins now approved by Health Canada, we are moving onto the next phase with Laguna Blends. Our agreement with Laguna is not only to formulate products for them, but also to be their manufacturing partner for these products. This is a pivotal time for Naturally Splendid as we begin to monetize the technologies we have acquired. We are extremely pleased to have entered into a manufacturing agreement with Laguna Blends to be the exclusive manufacturer of their flavoured hemp Pro369 product line. We are thrilled to be involved with a company that is as committed as we are to offering products of the highest quality possible. We look forward to developing and manufacturing additional products for Laguna."

Laguna Blends president and chief executive officer Stuart Gray reported: "I am ecstatic that Laguna now has approvals for all four of our Pro369 hemp protein products created for us by Naturally Splendid. In addition to the hemp protein contained in our products they also contain ginseng and HempOmega provided by Naturally Splendid. Products approved by Health Canada increases credibility to Laguna and its affiliates in the marketplace. We have the utmost of confidence in this growing relationship with Naturally Splendid."

Naturally Splendid chief executive officer Craig Goodwin said: "We are pleased that the products we've developed for Laguna Blends have all been approved by Health Canada. The success with these custom-formulated products is a significant step forward as we attract new business opportunities. Ingredients for the custom-formulated Laguna Blends products can be manufactured at the recently acquired 12,000-square-foot, POS bio processing centre (BPC) in Saskatoon, Sask. The POS BPC facility has the ability to produce products for the nutraceutical, medical, natural health, cosmetic and agri-food industries. Pursuant to the terms of the previously announced purchase agreement for POS BPC, Naturally Splendid entered into a licence and sales agreement with POS Bio-Sciences, whereby Naturally Splendid will have the right to sell and market, on an exclusive basis, five ingredients created using POS Bio-Sciences' technology and to also sell and market, on a non-exclusive basis, additional ingredients created using POS technologies. The ingredients included in the licensing arrangement with POS Bio-Sciences are of high-quality sourced plant and marine extracts in the form of powder or oil and will be marketed through Naturally Splendid's recently launched B.C. ingredients (BCI) division."

Mr. Goodwin summarized: "The acquisition of POS BPC and licensing agreement for the bio-available plant-based ingredients, complements and enhances the existing opportunities being developed by Naturally Splendid. With this facility, we have the ability to provide products and services for several markets including the robust health and wellness markets whether that is for humans, pets or in the area of animal feed. These ingredients are environmentally sustainable and promote good health and nutrition and are already paying dividends as evidenced by the successful product development for Laguna Blends."

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