Naturally Splendid Enterprises Ltd. (TSXV:NSP) announces the engagement of Dr. Amin Janmohamed as its Qualified Person In Charge (“QPIC”) in the Company’s application to become a Licensed Dealer. Additionally, Dr. Janmohamed has been appointed to Naturally Splendid’s Advisory Board where his extensive medical research and formulation experience will be a significant asset to the Company as strategic plans continue to evolve and focus on the nutraceutical and therapeutic applications for cannabinoids such as CBD (cannabidiol) and THC (Tetrahydrocannabinol).

Dr. Janmohamed is a researcher, clinical program developer and drug formulator in the area of severe opioid use disorder.  He is currently a researcher at CHEOS (Centre for Health Evaluation and Outcome Sciences) affiliated with Providence Health Care Research Institute and UBC Faculty of Medicine, and the CEO of Bixa Therapeutics Inc., Bixa Research Inc., and Bixa S.A. (Colombia). Dr. Janmohamed is a co-investigator in the SALOME clinical trial (Study to Access Long-term Opioid Medication).  Dr. Janmohamed’s extensive expertise covers in study-drug formulations, regulations, drug development, manufacturing, security, and program development of controlled substances in clinical trials and clinical treatment. Dr. Janmohamed has been published in several medical publications.  He holds a BSc (Pharm) from the University of British Columbia, and an MSc and PhD in Health Sciences from the Universidad Empresarial, Costa Rica.


Naturally Splendid CEO Mr. Douglas Mason states, “Engaging Dr. Janmohamed as our QPIC is a critical step towards Naturally Splendid becoming a Licensed Dealer in Canada. With his first-hand experience at obtaining and working under a Dealer’s License and his many years of research experience, he will be able to guide us through the process and provide invaluable insight. He has a wealth of history in the medical research and formulation field that will be invaluable on our Advisory Board as we pursue a number of activities related to cannabis and the extraction, formulation and distribution of cannabinoids.”

Becoming a Licensed Dealer creates the opportunity for several revenue streams including CBD and THC as well as other cannabinoids derived from hemp or marijuana, as it relates to extraction, distillation, product development, manufacturing and marketing of cannabinoid fortified products. According to the Prime Minister’s office, regulatory laws in Canada pertaining to the extraction of CBD from industrial hemp are anticipated to be amended in the summer of 2018. Becoming a Licensed Dealer positions Naturally Splendid to be a supplier of cannabis extracts and cannabis extract fortified products as well as the ability to perform a number of additional services as identified below each in accordance with the Canadian regulatory regime.

The regulatory purpose for a Licensed Dealer is to enable legal possession of controlled substances such as CBD and THC for the following purposes:

1) Manufacturing
2) Packaging
3) Preparation of R&D Formulations for future manufacturing
4) Resale and distribution to other licensees, including pharmacies
5) Importing and exporting for global sales
6) Laboratory testing
7) Contract activities for any of the above activities

In consideration for Dr. Janmohamed’s engagement as Qualified Person in Charge, NSE will issue a total of 200,000 common shares of the Company (the “NSP Shares”) as follows:

(a) 50,000 NSP Shares on the date of TSX Venture Exchange acceptance of this Agreement (the “Exchange Approval Date”);

(b) 10,000 NSP Shares on the date that is two months after the Effective Date;

(c) 10,000 NSP Shares on the date that is three months after the Effective Date;

(d) 10,000 NSP Shares on the date that is four months after the Effective Date;

(e) 10,000 NSP Shares on the date that is five months after the Effective Date;

(f) 10,000 NSP Shares on the date that is six months after the Effective Date;

(g) 100,000 NSP Shares on the first anniversary of this Agreement.

In consideration of Dr. Janmohamed’s appointment to Naturally Splendid’s Advisory Board, he will be granted 100,000 stock options at an exercise price of $0.20.

The issuance of the shares to Dr. Janmohamed is subject to the acceptance of the TSX Venture Exchange.

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™ encapsulation
  2. Extraction and formulation with Cannabidiol (CBD)
  3. Hemp and plant-based proteins.

(2) CONSUMER PRODUCTS –

  • NATERA® – brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
  • Prosnack Natural Foods Inc. (Elevate Me™) – 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® – 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™.

(4) Co-Packaging/Toll-Processing – packaging for house-brands (NATERA® and CHII) and third-party partners.

For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573

On Behalf of the Board of Directors

Mr. Douglas Mason
CEO, Director

Contact Information

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
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com

Forward-Looking Statements

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 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.

Click here to connect with Naturally Splendid Enterprises Ltd. (TSXV:NSP) and receive an Investors Presentation.

Source: globenewswire.com

Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Aurora Cannabis Inc. (NYSE: ACB) between February 13, 2020 and September 4, 2020, inclusive (the “Class Period”), of the important December 1, 2020 lead plaintiff deadline in the securities class action. The lawsuit seeks to recover damages for Aurora investors under the federal securities laws.

To join the Aurora class action, go to http://www.rosenlegal.com/cases-register-1965.html or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

Keep reading... Show less

Trading resumes in:

Company: 4Front Ventures Corp.

Keep reading... Show less

/NOT FOR DISTRIBUTION TO UNITED STATES NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES /

  4Front Ventures Corp. (CSE: FFNT) (OTCQX: FFNTF) (” 4Front ” or the ” Company “) is pleased to announce that it has completed its previously announced bought deal prospectus offering (the ” Offering “) of units of the Company (” Units “), for aggregate gross proceeds of C$17,251,150 including full exercise of the over-allotment option granted to the underwriters in connection therewith.

Keep reading... Show less

Bronstein, Gewirtz & Grossman, LLC reminds investors that a class action lawsuit has been filed against the following publicly-traded companies. You can review a copy of the Complaints by visiting the links below or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss, you can request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff

Tactile Systems Technology (NASDAQ:TCMD)
Class Period:
May 7, 2018 – June 8, 2020
Deadline: November 30, 2020
For more info: www.bgandg.com/tcmd

Keep reading... Show less

Khiron Life Sciences Corp. (“ Khiron ” or, the “ Company ”) (TSXV: KHRN), (OTCQB: KHRNF), (Frankfurt: A2JMZC), announced today that it has re-filed its unaudited condensed interim consolidated financial statements, together with the notes thereto, for the three and six months ended June 30, 2020 and 2019 (the “ Interim Financial Statements ”) to correct, among other things, certain 2019 comparative period information and to update certain presentation arising from the Company’s early adoption of IFRS 3 in late 2019, which changes were identified in connection with the Company’s review engagement with its auditor. The Company does not consider these adjustments either individually nor in the aggregate, to be material.

The re-filed Interim Financial Statements reflect changes to the Condensed Interim Consolidated Statements of Loss and Comprehensive Loss comparative period to remove transaction fees from the income statement and capitalize them to the applicable acquisition in accordance with the Company’s early adoption of the amended IFRS 3 as set out in Note 2, and to reclassify $1 million from general and administrative expenses to transaction fees for presentation purposes to conform with the Company’s presentation used in its audited consolidated financial statements for the years ended December 31, 2019 and 2018 (the “ Audited Annual Financial Statements ”). The re-filed interim Financial Statements also reflect changes to the Condensed Interim Consolidated Statement of Changes in Shareholders’ Equity to correct the 2019 comparative period balances as they incorrectly reflect Q1 2019 period balances, update certain presentation to conform with the Company’s presentation used in its Audited Annual Financial Statements; and reduce the valuation conclusion of the Company’s acquisition of NettaGrowth International Inc. to conform with the Audited Annual Financial Statements. The re-filed Interim Financial Statements also bring forward the subsequent event note disclosure.

Keep reading... Show less