Naturally Splendid Enterprises Ltd. (“Naturally Splendid”) or (“NSE’) (FRANKFURT:50N) (TSXV:NSP) (OTC:NSPDF) is pleased to announce that it has begun shipping NATERA® branded products to a significant Australian distributor.
The first shipment of NATERA® branded products have cleared customs in Australia and arrived at our distributor’s warehouse. The second shipment that was valued at $140,000CDN, was shipped in a 40′ container and has now left our Pitt Meadows distribution facility destined for our distributor’s facilities. Naturally Splendid has formed a strategic alliance with an Australian distributor, a multi-divisional distribution company with distribution reach through multiple channels including retail; food service; and the practitioner markets. Between the Australian distributors eight wholly owned subsidiaries they have clients that represent several thousand points of sales.
Naturally Splendid President Mr. Craig Goodwin states, “This is a historic point in the global expansion of the hemp market. We continue to see governments in many regions of the world revising their regulations to allow for commercial sale of consumer hemp products and their derivatives, thus creating significant revenue opportunities for Naturally Splendid. Australia is just the latest country to revise their hemp regulations. It is expected that several additional countries will also revise their regulations within the next 18 months thus creating an expanding opportunity for the technologies and products that Naturally Splendid has developed as it relates to hemp. Products derived from industrial hemp for food, cosmetics, skincare, pet nutrition and care, will continue to find new markets and Naturally Splendid is pleased to be a leader in expanding to new territories as we did in 2016 with South Korea”.
On November 12, 2017, it is expected that defined regions of Australia will approve and accept hemp products for human consumption. In anticipation of this event, Naturally Splendid has been pro-active in securing additional special permits allowing for the shipment of hemp products prior to the proposed date. Naturally Splendid has the necessary approvals to be an accepted importer prior to the official date and possess a special six-month permit for full access to the country.
Naturally Splendid CEO, Dave Eto states, “In keeping with our strategy to invest in our branded products and away from bulk sales, we have invested four months of extensive work with our Australian distributor and navigated through regulatory obstacles resulting in the successful order to Australia and so begins our journey with Canadian hemp products throughout a country of 24.5 million people.” The NATERA® brand allows us to effectively manage sales and branding opportunities by focusing on “top of mind” marketing and promotion. We will also leverage other brands within the Naturally Splendid collection as sales progress.”
Hemp seeds are soon to be legalized as a food by Food Standards Australia and New Zealand (FSANZ), opening the door to a new consumer market for local hemp protein, hemp seed oil and hemp milk, all of which are already very popular among the health conscious.
“Hemp Business Journal estimates the total retail value of all hemp products sold in the U.S. to be at least $688 million for 2016. We estimate the hemp industry will grow to $1.8 billion in sales by 2020, led by hemp food, body care, and CBD-based products. The data demonstrates the hemp industry is growing quickly at 22% five-year CAGR and being led by food and body care products, with Hemp CBD products showing a 53% AGR,” said Sean Murphy, the Founder and Publisher of Hemp Business Journal.
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.
For more info on NATERA® products please visit : www.nateralife.com
Naturally Splendid currently has four innovative divisions:
(1)BIOTECHNOLOGY – Focused on three major platforms:
(1)Proprietary HempOmegaTM encapsulation
(2)Extraction and formulation with Cannabidiol (CBD)
(3)Hemp and plant-based proteins.
– POS-BPC Facility – a 12,000-square-foot facility jointly operated by NSE 51% / 49% POS Holdings, offers commercial-scale custom processing solutions for functional foods and natural health.
(2) CONSUMER PRODUCTS –
- NATERA® – brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
- Prosnack Natural Foods Inc. (Elevate MeTM) – lifestyle brand of heathy meal replacement products distributed throughout North America.
- Chi Hemp Industries Incorporated (CHII) – e-commerce platform for natural and organic hemp products.
- PawsitiveFX® – topical pet care products.
- NATERA®CBD – retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
- NATERA®Skincare – brand of retail hemp based cosmeceutical products.
(3) NATERA® Ingredients – bulk ingredients including HempOmega(TM).
(4) Co-Packaging/Toll-Processing – packaging for house-brands (NATERA® 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.