Naturally Splendid (TSXV:NSP) announced that production of the first Laguna Blends Purchase Order has been scheduled for the last week of January.
As announced in an earlier news release, the first purchase order from Laguna Blends is for $100,000 CDN. This purchase order is the first installment of a definitive agreement with Laguna Blends to produce $1,600,000 CDN of Pro369, in the first year of the Agreement, and $4,500,000 CDN of Pro369 in the second year of the Agreement. Naturally Splendid CEO Craig Goodwin reports, “It is anticipated that Laguna will place a second Purchase Order estimated to be $250,000 CDN by the second quarter of 2016. We are working closely with Laguna as they prepare for their launch and ramping up of sales.”
Pro369 has been custom formulated for Laguna Blends by Naturally Splendid. Naturally Splendid VP of Operations Bryan Carson states, “Naturally Splendid is prepared for production with packaging and ingredients ordered and production time slotted for the last week of January 2016. Naturally Splendid has custom formulated Pro369 in four flavours. The Minister of Health has granted Laguna a product license along with a Natural Product Number for all four of the Pro369 Flavours. We are proud that all four (4) custom formulated proteins were approved by Health Canada and are now focused on the move into the production phase with Laguna Blends. These are exciting times for Naturally Splendid as we begin to monetize the products we have developed.”
In order to obtain authorization to legally sell as a natural health product in Canada, a product license application must be submitted to Health Canada. To obtain a license to sell a natural health product, applicants must give detailed information about the product to Health Canada, including: medicinal ingredients, source material, dosages, potency, non-medicinal ingredients and recommended use(s).
Pro369 is a unique blend of hemp protein, HempOmega™ and other plant-based ingredients within the offering from Naturally Splendid’s 100% owned, BC Ingredients (bcingredients.com). The HempOmega™ infused protein formulations are water-soluble and can be directly mixed in water, juices, dairy, or dairy alternatives such as almond, coconut, soy or rice milk.”