20:20:43 EDT Thu 25 Apr 2024
Enter Symbol
or Name
USA
CA



Naturally Splendid Enterprises Ltd
Symbol NSP
Shares Issued 185,904,505
Close 2020-10-26 C$ 0.055
Market Cap C$ 10,224,748
Recent Sedar Documents

Naturally taps Summit Specialty as Natera distributor

2020-10-26 08:37 ET - News Release

Mr. J. Craig Goodwin reports

NATURALLY SPLENDID ANNOUNCES DISTRIBUTOR FOR WESTERN CANADA

Naturally Splendid Enterprises Ltd. has chosen Summit Specialty Foods as the first distributor of Natera plant-based foods.

Summit Specialty Foods distribution points include Save-On-Foods, Price Smart, Urban Fare, Quality Greens, Safeway, Whole Foods, Askews Foods, Buy-Low Foods, Choices Markets, London Drugs and Natural Markets Food Group, including Mrs. Greens & Planet Organics, Nature's Fare and many more.

Summit Specialty Foods has been in business since 1998 with its head office located in Vernon, B.C., and has strategically located warehousing in Vancouver and on Vancouver Island, servicing major markets throughout British Columbia and Western Canada.

Naturally Splendid chief executive officer J. Craig Goodwin states: "We are very familiar with the Summit team having the good fortune to have worked with them in the past. We look forward to working with Summit again, this time distributing Natera plant-based foods to their extensive roster of clients.

"Summit's expertise in distributing specialty foods to their established customer base of mass market grocery chains, independent retailers and food service will prove to be of great benefit."

The demand for plant-based meat alternatives continues to expand. An increasing number of consumers are demanding plant-based meat alternatives, as either part of a healthy lifestyle, personal ethical choice, in consideration of a sustainable food source or a combination of these driving issues.

According to market research firm Statista, 43 per cent of Canadian consumers are actively trying to incorporate more plant-based protein into their diets.

In 2018, retail sales of meat alternatives reached approximately ($208.5-million), this was forecast to increase to around $297.5-million in 2022 (1).

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. The company 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.

(1) See Statista website.

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