Mr. Craig Goodwin reports
NATURALLY SPLENDID WARRANT EXERCISE RAISES $254,980
Naturally Splendid Enterprises Ltd. has received $254,980 in cash from the exercise of warrants. The warrants were exercised at a price of 5.5 cents for a total of 4,636,000 common shares being issued. Following the issuance of these shares, Naturally Splendid will have 206,803,007 common shares outstanding.
Naturally Splendid chief executive officer Craig Goodwin stated: "The company continues to push forward with our strategic initiatives, including our Natera Plant Based Foods. Capital is being directed to expanding our e-commerce initiatives as well as the more traditional distribution channels. E-commerce continues to be an area of focus for the company as consumers are shopping for groceries from home with increasing frequency. Consumer demand for plant-based foods continues to increase as well. This combination offers an opportunity that we continue to expand upon. I look forward to providing updates on these areas of focus in a timely manner."
About Naturally Splendid Enterprises Ltd.
Founded in 2010, Naturally Splendid operates a food manufacturing facility (certified under Safe Quality Food Level 2) 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, and, most recently, Natera Plant Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.
The company has a myriad of new products and line extensions under development that are approaching launch. Naturally Splendid, through its joint venture Plasm Pharmaceutical, has been approved for conducting a phase 2 clinical trial approved by Health Canada for treatment of COVID-19.
Naturally Splendid has also developed proprietary technologies for the extraction of high-demand, healthy omega-3 and omega-6 oils from hemp.
Naturally Splendid contract manufacturers for healthy, functional food products and ingredients focusing on plant-based ingredients. The company provides contract manufacturing services for many healthy food companies, private labelling a wide variety of nutritional food products destined for global healthy food markets.
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