16:49:12 EDT Fri 19 Apr 2024
Enter Symbol
or Name
USA
CA



Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 97,970,490
Close 2018-06-26 C$ 0.18
Market Cap C$ 17,634,688
Recent Sedar Documents

Naturally receives $100K Cdn distributor purchase order

2018-06-26 09:33 ET - News Release

Mr. Douglas Mason reports

NATURALLY SPLENDID ANNOUNCES PURCHASE ORDER WITH NATIONAL DISTRIBUTOR

Naturally Splendid Enterprises Ltd. has secured a purchase order with a renowned national distributor in Canada for its Natera and Elevate Me brands. The initial purchase order is valued in excess of $100,000, with the first shipment delivered earlier in Q2 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 (which cannot be identified due to competitive and confidentiality reasons).

Allan Maddox, Naturally Splendid's executive vice-president of sales and marketing, stated: "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 Elevate Me 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 Elevate Me 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 10 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."

Douglas Mason, chief executive officer of Naturally Splendid Enterprises, stated: "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 complements the offering of the Elevate Me brand with a wide range of products to offer.

"Additionally, there has been increased interest in the CBD-infused (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 licence. 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 Oct. 17, 2018, as announced by the Prime Minister of Canada.

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 non-psychoactive cannabinoid compounds in a broad spectrum of applications.

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