Naturally Splendid (TSXV:NSP) announced three additional custom-formulated, flavoured hemp protein blends created by Naturally Splendid Enterprises for Laguna Blends, have received approval from Health Canada.
Naturally Splendid (TSXV:NSP) announced three additional custom-formulated, flavoured hemp protein blends created by Naturally Splendid Enterprises for Laguna Blends, have received approval from Health Canada. The three additional flavours are Pro369 chocolate banana, mixed berry and vanilla caramel.
As quoted in the press release:
Pro369 is a variety of unique 30-gram single-serving (on-the-go) hemp protein powder drink mixes that are available in various flavours. The hemp proteins are water soluble and can be directly mixed in water or added to almond, coconut or regular milk. In addition, the hemp protein can also be blended into a shake or smoothie. Pro369 is considered a health industry product.
Naturally Splendid VP of Operations Bryan Carson stated:
With all four (4) custom formulated proteins now approved by Health Canada, we are moving onto the next phase with Laguna Blends. Our agreement with Laguna is not only to formulate products for them, but also to be their manufacturing partner for these products. This is a pivotal time for Naturally Splendid as we begin to monetize the technologies we have acquired. We are extremely pleased to have entered into a manufacturing agreement with Laguna Blends to be the exclusive manufacturer of their flavoured hemp Pro369 product line. We are thrilled to be involved with a company that is as committed as we are to offering products of the highest quality possible. We look forward to developing and manufacturing additional products for Laguna.
Naturally Splendid CEO Craig Goodwin said:
We are pleased that the products we’ve developed for Laguna Blends have all been approved by Health Canada. The success with these custom formulated products is a significant step forward as we attract new business opportunities. Ingredients for the custom formulated Laguna Blends products can be manufactured at the recently acquired 12,000 square foot, POS Bio Processing Centre (BPC) in Saskatoon, Saskatchewan. The POS BPC facility has the ability to produce products for the nutraceutical, medical, natural health, cosmetic and agri-food industries. Pursuant to the terms of the previously announced Purchase Agreement for POS BPC, Naturally Splendid entered into a license and sales agreement with POS Bio-Sciences, whereby Naturally Splendid will have the right to sell and market, on an exclusive basis, five (5) ingredients created using POS Bio-Sciences’ technology and to also sell and market, on a non-exclusive basis, additional ingredients created using POS technologies. The ingredients included in the licensing arrangement with POS Bio-Sciences are of high quality sourced plant and marine extracts in the form of powder or oil and will be marketed through Naturally Splendid’s recently launched BC Ingredients (BCI) division (www.bcingredients.com).