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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 101,518,454
Close 2018-09-11 C$ 0.14
Market Cap C$ 14,212,584
Recent Sedar Documents

Naturally removed from Clearstream restricted pot list

2018-09-12 07:19 ET - News Release

Mr. Douglas Mason reports

NATURALLY SPLENDID CLEARED FOR CONTINUED TRADING ON FRANKFURT EXCHANGE

Naturally Splendid Enterprises Ltd. has been removed from the Clearstream Banking AG restricted cannabis related securities list (see company's news release of Sept. 5, 2018).

Naturally Splendid chief executive officer and director Douglas Mason states: "We are extremely pleased with the decision made by Clearstream to remove the company 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 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. In response, Naturally Splendid had requested that Clearstream remove the company 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.

We seek Safe Harbor.

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