Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE”) (TSXV:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to announce a strategic partnership with CannaDyne Distribution Inc. (CannaDyne), a nutritional formulation and distribution company of advanced plant-based formulations focused on direct marketing to health care practitioners. Under the agreement, CannaDyne will create a roster of proprietary plant-based formulations for the health care market based primarily on hemp based extracts such as hemp oil and hemp protein. More importantly, CannaDyne will develop formulations incorporating Naturally Splendid’s proprietary ingredients HempOmega(TM) and hemp protein isolate.
A manufacturing facility has been identified for the initial formulations with expected launch in Q1 of 2018. CannaDyne has provided the first eighteen formulations to Naturally Splendid and have several additional
products under development for the Company. In regions where allowed, these formulations may be further fortified with CBD (cannabidiol). CannaDyne CEO Mr. Wayne Breen states, “The opportunity to develop products from one of Mother Nature’s most versatile plants, and the positively changing regulations surrounding industrial hemp, has created as significant an opportunity for product innovation as I have seen in my many years of product formulation”.
Naturally Splendid President Mr. J. Craig Goodwin reports, “The agreement with CannaDyne continues to position the Company in the rapidly evolving beverage and edible markets, utilizing hemp extracts. These emerging opportunities are being fueled by the shift in diets to more plant-based nutrition as well as recent positive amendments proposed for the current industrial hemp regulations in Canada. Proposed amendments include the extraction and formulation of CBD from industrial hemp for fortification of beverages, edibles and topicals. Expectations are that these regulations will come into effect in 2018”.
Naturally Splendid has completed preliminary work formulating beverages utilizing HempOmega(TM) and will now look to commercialize these formulations. CannaDyne will be working closely with key Company personnel such as Director Doug Mason, founder of Clearly Canadian and Advisory Board member Don Wood, former CEO of Arrowhead Spring Water Ltd. in creating HempOmega(TM) infused beverages. Additional R&D will continue utilizing our hemp protein isolate into functional and sports beverages.
Naturally Splendid Director Douglas Mason states, “Not since my Clearly Canadian days, have I been so enthused with the opportunity to create a new line of beverages. The strategic direction to create beverages in the hemp and cannabinoid space, incorporating Naturally Splendid’s proprietary ingredients, is a timely opportunity for the Company. The recent deal between Canopy and Constellation is indicative of the opportunities available in this emerging space.”
Additionally, the recent acquisition of Prosnack creates new opportunities in the functional, protein and meal replacement bar category also utilizing HempOmega(TM) and hemp protein isolate. As regulations allow for CBD fortification, the Company will further expand the R&D program to include CBD into various product lines.
CannaDyne Distribution Inc.
CannaDyne’s principals have a combined 30 years of direct natural product formulating, education, sales & distribution expertise and success. CannaDyne is focused on the sales, marketing and distribution of premium natural health products and supporting educational services directly to health care practitioners throughout Canada and the United States. CEO, Mr. Wayne M. Breen was previously a Lead Formulator and Technical Advisor for Metagenics, a medical food and supplement company with sales in excess of $500 million USD annually where his career included medical liaison with practitioners in Canada and the United States, travelling extensively in North America educating practitioners on product knowledge and functional medicine. CannaDyne Director of Sales & Marketing, Vic Vicic has extensive experience as a Functional Medicine Consultant with industry leader Metagenics in the direct-to-health care practitioner nutritional supplement market. Vic is also certified as a Lifestyle Educator and Functional Medicine Practitioner to help individuals experiencing various chronic health conditions, augmenting his passion for providing nutritional guidance.
CannaDyne excels in educational sessions, product training, and clinical & technical support to practitioners who recognize the value of quality natural health products. The strategy of working directly with practitioners enables the Company to identify specific market needs and trends and strategically position their unique ancillary services platform to help patients achieve optimal outcomes and improve quality of life while assisting practitioners in maintaining a thriving practice through strategic business building while focusing on effective clinical nutrition.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions:
- (1)BIOTECHNOLOGY – Focused on three major platforms:
- (1)Proprietary HempOmega(TM) encapsulation
- (2)Extraction and formulation with Cannabidiol (CBD)
- (3)Hemp and plant-based proteins.
- ??POS-BPC Facility – a 12,000-square-foot production facility leased and operated by POS BPC Manufacturing Inc., a company jointly owned by NSE (51%) and POS Holdings (49%), offers commercial-scale custom processing solutions for functional foods and natural health.
(2) CONSUMER PRODUCTS –
- ??NATERA(R) – brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
- ??Prosnack Natural Foods Inc. (Elevate Me(TM)) – lifestyle brand of healthy meal replacement products distributed throughout North America.
- ??Chi Hemp Industries Incorporated (CHII) – e-commerce platform for natural and organic hemp products.
- ??PawsitiveFX(R) – topical pet care products.
- ??NATERA(R)CBD – retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
- ??NATERA(R)Skincare – brand of retail hemp based cosmeceutical products.
(3) NATERA(R) Ingredients – bulk ingredients including HempOmega(TM).
(4) Co-Packaging/Toll-Processing – packaging for house-brands (NATERA(R) and CHII) and third-party partners.
For more information e-mail firstname.lastname@example.org or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Dave Eto
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 465-0548
Fax: (604) 465-1128
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management’s current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid’s control including, Naturally Splendid’s ability to complete the acquisition of Prosnack, complete all or any of the proposed private placement financing, Naturally Splendid’s ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
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