21:15:32 EDT Thu 25 Apr 2024
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Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 185,904,505
Close 2020-10-22 C$ 0.06
Market Cap C$ 11,154,270
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Naturally Splendid receives first container of Natera

2020-10-22 09:41 ET - News Release

Mr. J. Craig Goodwin reports

NATURALLY SPLENDID RECEIVES FIRST CONTAINER OF NATERA PLANT BASED FOODS

The first shipping container of Natera plant-based foods has arrived to Naturally Splendid Enterprises Ltd. from Australia.

In anticipation of demand, a second shipping container has been processed and is on route to Vancouver, scheduled to arrive mid-November. The combined revenue potential from these first two containers is approximately $500,000. Additional orders are being scheduled and will arrive in Vancouver in a timely manner.

The first container includes Natera's plant-based burgers, schnitzel, kiev, sweet chili tenders, nuggets and garlic cheese bites. The second container will include these same products as well as a fishless patty and a variation of the original plant-based burger. By extending the initial product offering, the company believes Natera plant-based foods creates a competitive advantage by providing a wider range of choices for consumers.

Natera plant-based foods have over 20 SKUs ready for the North American market which the company will begin to roll out over the next six months. This wide range of products positions Natera plant-based foods as a leader in meat-alternative choices in North America.

Naturally Splendid has an established reputation with many food brokers and distributors having developed multiple recognized brands such as Elevate Me and Natera key-to-life bars. These products are sold through many retail stores including Save On Foods, Loblaws, Metro, Sobeys, Whole Foods and Choices Markets, as well as numerous smaller chains and independent stores. The company will leverage these relationships to introduce its Natera plant-based foods to the Canadian market.

The initial supply of products will originate from Australia, with plans being made to develop manufacturing facilities in Canada. Naturally Splendid's experience building out, certifying and operating Prosnack Natural Foods, the company's Safe quality food (SQF) certified processing facility, will be invaluable as this project evolves.

Naturally Splendid chief executive officer J. Craig Goodwin states: "We are able to capitalize on the reputation of the successful brands we have already launched. The Natera key-to-life bar was distributed in over 2,000 stores within six weeks of the initial launch. We believe that Natera plant-based foods will appeal to an even larger consumer base and we look forward to providing updates in the near future on the selected food brokers, distributors and retailers who will be carrying our exciting new product lines."

About Naturally Splendid Enterprises Ltd.

The company operates a safe quality food Level 2 certified food manufacturing facility just outside Vancouver, B.C., in Canada. The company has established numerous healthy, functional foods under recognized brands such as Natera Sport, Natera Hemp Foods, Chii, Elevate Me and Woods Wild Bar. The company has a myriad of new products and line extensions under development that are approaching launch. The company has also developed proprietary technologies for the extraction of high-demand, healthy omega 3 and 6 oils from hemp. Naturally Splendid is the current go-to manufacturer for healthy, functional food products and ingredients focusing on plant-based ingredients. The company provides contract manufacturing services for many global healthy food companies, private labelling a wide variety of nutritional food products destined for global healthy food markets.

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