Naturally Splendid Signs Letter of Intent to Acquire Packaging Equipment

VANCOUVER, BRITISH COLUMBIA–(Marketwired – Sept. 26, 2016) – Naturally Splendid (TSXV:NSP) is pleased to announce that it has signed a letter of intent with Eat Real Snack Food Canada Ltd. (“ERSF”) to enter into a definitive agreement (the “Definitive Agreement”) whereby Naturally Splendid will acquire certain packaging equipment owned by ERSF (the “Packaging Equipment”) as well as enter into a three year service agreement whereas Naturally Splendid will process and package for ERSF.
The acquisition of this comprehensive packaging system continues the Company’s strategy of becoming more vertically integrated. Naturally Splendid VP of Operations Bryan Carson states, “The acquisition of this packaging line has many potential benefits for the Company. We are able to control inventory and costing much more efficiently, which can translate into increased margins. Delivery schedules become more manageable allowing the Company to aggressively pursue additional retail clients. As importantly, when in control of our own packaging, we are able to launch additional product lines far more efficiently and can test new products more easily. There is also ample opportunity to provide packaging services not only to ERSF, but also to a wide variety of companies opening up a potential additional revenue stream for the Company”.
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