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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 51,705,633
Close 2015-06-02 C$ 0.51
Market Cap C$ 26,369,873
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ORIGINAL: Naturally Splendid, Laguna extend hemp LOI to July 31

2015-06-03 13:18 ET - News Release

Received by email:

File: Laguna - Draft News Release dated June 3, 2015.DOCX

LAGUNA BLENDS INC. EXTENDS LETTER OF INTENT WITH NATURALLY SPLENDID ENTERPRISES LTD.
KELOWNA, BC - June 3, 2015 - Laguna Blends Inc. ("Laguna") announces that the letter of intent (the "LOI") with Natura
--->lly Splendid Enterprises Ltd. ("NSP") (TSX-V:NSP, OTC:NSPDF) has been amended to extend the deadline for entry into a 
--->definitive agreement from May 31, 2015 to July 31, 2015.  As announced on April 14, 2015, Laguna and NSP entered into 
--->the LOI to provide the basic terms and conditions on which the parties would enter into a development and manufacturin
--->g agreement (the "Development and Manufacturing Agreement") for the purpose of pursuing mutually beneficial business o
--->pportunities in the hemp food products area.  
Laguna and NSP continue to work together to finalize the terms of the definitive Development and Manufacturing Agreeme
--->nt. NSP has developed protein formulations and flavour profiles specifically for Laguna. The formulations covered with
--->in the Development and Manufacturing Agreement will include NSP's unique HempOmegaTM as one of the ingredients. NSP in
--->tends to grant Laguna exclusive rights to the custom formulations within the Development and Manufacturing Agreement.
Completion of the Development and Manufacturing Agreement between Laguna and NSP remains subject to a number of condit
--->ions, including: satisfactory due diligence regarding the business and affairs of the parties, receipt of any necessar
--->y contractual and third party consent, and receipt of all necessary regulatory consents and approvals required pursuan
--->t to applicable law or in accordance with the rules of any stock exchanges on which the common shares of either party 
--->are listed for trading at the relevant time. 

About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted, biotechnology company that is developing, commercializing, producing, selling an
--->d licensing an entirely new generation of hemp-derived, high quality, nutrient-dense Omega foods, nutritional foods, n
--->utritional food enhancers, and related products. NSP is building an expanding portfolio of patents (issued and pending
--->) and proprietary intellectual property focused on the commercial uses of Cannabis Sativa, industrial hemp, and non-ps
--->ychoactive cannabinoid compounds in a broad spectrum of applications. NSP is currently innovating in four related indu
--->stries: nutritional biotechnologies, cannabinoid pharmaceuticals and nutraceuticals, retail superfood and supplement c
--->onsumer products (under NATERA(TM), a hemp foods line, and Pawsitive FX(TM), a pet care line(TM)), as well as a bulk i
--->ngredient division operating under the name BC Ingredients (BCI)
About Laguna Blends Inc.
Laguna's business is focused on the nutritional health benefits derived from hemp. Laguna is a network marketing direc
--->t sales company that intends to generate retail sales through independent affiliates. Laguna's affiliates utilize tool
--->s and technology that enable them to build an international business from their own home or while travelling.
The first products to be launched by Laguna are expected to be functional beverages that provide high levels of protei
--->n and/or nutrition. Laguna's products are made from high quality hemp protein. Some of the current Laguna products are
---> hemp coffee - coffee beverages that contain both whey and hemp protein. In addition, Laguna plans to market a variety
---> of unique single serving "on-the-go" hemp protein mixes with various flavors. The hemp proteins are water soluble and
---> can be directly mixed in water or added to milk, almond milk or coconut milk. In addition, the hemp protein can be bl
--->ended in a shake with fruit. Laguna also plans to offer other product categories in the future. Laguna intends to mark
--->et the formulations of NSP's HempOmegaTM protein products that are expected to be developed for Laguna under the Devel
--->opment and Manufacturing Agreement, once entered into, under the name Laguna Blends and or brand names owned by Laguna
--->. Laguna intends to sell its products through its independent affiliates in the USA and Canada and anticipates launchi
--->ng its business in 2015.
ON BEHALF OF THE BOARD
"Stuart Gray"
 President, CEO and Director 
FOR FURTHER INFORMATION PLEASE CONTACT:
Laguna Blends Inc.  #302 - 1912 Enterprise Way Kelowna, B.C. V1Y 9S9 Stuart Gray, President, CEO and Director  Tel: 25
--->0.868.0787  lagunablendsceo@gmail.com  www.lagunablends.com 
Forward-Looking Information:
This news release contains "forward-looking information" within the meaning of applicable securities laws relating to 
--->the proposed Development and Manufacturing Agreement with NSP, including statements regarding the terms and conditions
---> of the LOI and the transactions contemplated thereby, and statements regarding Laguna's business, products and future
---> plans including, without limitation, statements regarding the expected launch date for Laguna's business, its product
---> offerings and plans for sales and marketing. Although Laguna believes that the expectations reflected in the forward 
--->looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Readers
---> are cautioned to not place undue reliance on forward-looking information. Such forward looking statements are subject
---> to risks and uncertainties that may cause actual results, performance and developments to differ materially from thos
--->e contemplated by these statements depending on, among other things, the risks that Laguna will not enter into the Dev
--->elopment and Manufacturing Agreement with NSP or complete the transactions contemplated thereby for any reason (includ
--->ing the failure to obtain required approvals), that the ultimate terms of the proposed transaction and associated tran
--->sactions will differ from those that currently are contemplated, and that Laguna's products and plan will vary from th
--->ose stated in this news release and that Laguna may not be able to carry out its business plans as expected. Except as
---> required by law, Laguna expressly disclaims any obligation, and does not intend, to update any forward looking statem
--->ents or forward-looking information in this news release. The statements in this press release are made as of the date
---> of this release.




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