Naturally Splendid Provides Overview on POS Bio Processing Facility

Naturally Splendid Enterprises Ltd. (TSXV:NSP) provided an overview on the recently acquired POS Bio processing facility (BPC).

As quoted in the press release:

The POS Bio Processing Centre (BPC) provides toll or custom processing on a contract basis for the nutraceutical, medical, natural health, cosmetic and agri-food industries. The facility has a wide range of wet processing equipment used to carry out extraction and/or fractionation of many different biological materials. The Bio Processing Centre operates on a fee for service basis to fulfill custom processing needs.

The Bio Processing Centre has a site license under Health Canada’s Natural Health Product Directorate. The site license requires compliances with Good Manufacturing Practices and Quality Assurance supervision of all processing. The Bio Processing Centre also operates under the kosher supervision of the Orthodox Union.

Bryan Carson, vice president of operations at Naturally Splendid, commented:

Securing the processing capacity at POS BPC is only the tip of the iceberg. The expertise that POS has developed over the past40 years is invaluable. There are no other organizations in Canada or the US that are focused on providing the ingredient manufacturers with the POS’s scope of services and the scale of operation. The POS client list is very impressive and it is anticipated that many of the POS Bio-Science clients will become clients of the processing services at POS BPC

Dale Kelly, CEO of POS Bio-Sciences, commented:

Presently, there is a regular production run for a cosmeceutical company at the facility. We have worked with this client for several years and they typically contract POS BPC up to six (6) times per year. Depending on the client and nature of the services, the facility has generated in excess of $350,000 CDN per week in fees. We are presently negotiating with a number of clients for production services at BPC; a facility POS acquired in April 2014, previously POS was a client for 10 plus years. Our objective is to secure three, maybe four premium clients that utilize 100% of the facility when we are not focusing on specific runs for Naturally Splendid’s HempOmega(TM), their other plant products, or runs of the bio-active ingredients they have secured exclusive rights.

Click here to read the Naturally Splendid Enterprises Ltd. (TSXV:NSP) press release

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