Mr. Douglas Mason reports

NATURALLY SPLENDID PROVIDES HEMPOMEGA HIGHLIGHTS

Naturally Splendid Enterprises Ltd. has provided a corporate update regarding recent HempOmega advancements.

Developed by Naturally Splendid, HempOmega is a proprietary homogenous powder created from microencapsulated hemp seed oil. It is a high-quality and sustainable omega fatty acid alternative ingredient to fish oil for omega fortification. Due to its unique powder format, it solves the formulation challenge manufacturers face when trying to add omegas to existing products, and has proven to increase the bioavailability of omega essential fatty acids.

HempOmega highlights:

• Naturally Splendid USA Ltd. and NeutriSci International Corp. have extended and added binding terms to the company's previously announced letter of intent. This new binding letter of intent details the mutual agreement to produce a sublingual HempOmega tablet using NeutriSci's intellectual property and technology, and as well, allows for the addition of a sublingual tablet combining HempOmega and CBD (cannabidiol), subject to licensing, regulatory body and both parties' approvals.
• Further to Naturally Splendid's letter of intent with Crop Infrastructure Inc. (see the company's news release of Aug. 14, 2018) to provide costs for white-labelled hemp seed, protein powder and hemp oil, with some of these products containing HempOmega, and which Crop will be able to purchase using its brands The Hempire Company and Tiffany CBD. As part of the LOI, Crop plans to utilize Naturally Splendid's proprietary HempOmega powder in its CannaDrink functional beverage line currently under development. Crop's new cannabis-infused line of soft drinks is reported by Crop to be a zero-calorie, non-genetically modified organism, ketogenic-friendly line of soda pop, tea and coffee variations (see Crop's news release of Oct. 3, 2018).
• Naturally Splendid Enterprises has signed an exclusive sales agreement with Sipp Industries Inc. to sell HempOmega as an ingredient to beer manufacturers in Colorado, Illinois, Indiana, California and Texas. As well, Sipp has received approval in the states of Colorado and Illinois to include HempOmega as an ingredient in its own custom-formulated hemp beer including its Major Hemp Brown Ale and newly developed Major Hemp H-IPA brands, which have been distributed to multiple locations throughout Colorado and Illinois.

HempOmega initiatives:

• Naturally Splendid has already formulated and tested HempOmega-infused protein and energy snack bar/ bite products. The company expects to launch these products in early 2019 under the company's house brands and for private-label clients.
• Naturally Splendid has assembled a team comprising management and industry-wise advisory board members to further the development of biotech opportunities for the HempOmega in North America and internationally.
• Naturally Splendid continues to work diligently toward full commercialization for HempOmega to service global markets. In recent months, the company has held discussions with a number of parties from countries around the world interested in utilizing HempOmega in a number of products, as well as had discussions regarding licensing opportunities.

Naturally Splendid chief executive officer Douglas Mason states: "We are very pleased with the recent advancements made in the marketing of our HempOmega. Positioning this proprietary product for future growth, HempOmega is now being utilized in consumer products in five categories, including beer, functional beverages, sublingual tablets, proteins and medical-grade formulations.

"There's further growth expected in the hemp-infused edibles market, according to ArcView Research and BDS Analytics report (June 2, 2017), which indicated consumer spending on cannabis-infused food and beverages reached approximately $1-billion in 2017 between the United States and Canada. ArcView reports that edibles could be worth over $4.1-billion by 2022, a figure that undeniably attracts food and beverage producers globally with an eye to the postlegalisation future.

"NSE will continue to work towards new opportunities for HempOmega as a food supplement and a source of additional nutritional benefit in both new and existing products."

In 2017, proprietary research from the Global Organization of EPA and DHA Omega-3s (GOED) showed the highest supplement use is occurring in the United States, China and Australia. Statistica 2018 estimated the global supplement market for omega-3 supplements in 2025 will reach $57-billion (U.S.), compared with $33-billion (U.S.) in 2016. This is indeed a steep growth for an individual supplement segment.

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 cannabinoid compounds in a broad spectrum of applications.

We seek Safe Harbor.