11:53:13 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 101,518,454
Close 2018-09-04 C$ 0.135
Market Cap C$ 13,704,991
Recent Sedar Documents

Naturally requests removal from Clearstream pot list

2018-09-05 07:13 ET - News Release

Mr. Douglas Mason reports

NATURALLY SPLENDID PROVIDES UPDATE ON CLEARSTREAM CANNABIS RELATED SECURITIES LIST

Naturally Splendid Enterprises Ltd. has reached out to Clearstream Banking AG to request that it remove the company from Clearstream's restricted cannabis-related securities list.

Clearstream previously announced that, effective Sept. 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.

Naturally Splendid'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. Industrial hemp products are currently permitted in Canada pursuant to the Industrial Hemp Regulations (Canada). Although Naturally Splendid is exploring the development and distribution of cannabinoid (CBD) based products, it is limiting its activities in this area only in those jurisdictions where such products are legally permitted. Naturally Splendid is not in the business of producing, distributing, or dealing with high THC (tetrahydrocannabinol) (above 0.3 per cent in Canada) products, either for medicinal or recreational purposes.

As such, Naturally Splendid has requested that Clearstream remove the company from its list of restricted cannabis-related securities. This follows after the European Industrial Hemp Association (EIHA) has independently reached out to Clearstream similarly requesting that Naturally Splendid, along with four other industrial hemp companies, be removed from Clearstream's restricted list.

Naturally Splendid chief executive officer and director Douglas Mason states: "We immensely value our German and European shareholders that have been affected by the Clearstream decision to delist cannabis related securities, and we are taking every possible step to address this issue. NSE will provide further updates as they develop."

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.

We seek Safe Harbor.

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