VANCOUVER, BC / ACCESSWIRE / April 20, 2015 / Naturally Splendid Enterprises Ltd. (the "Company") (50N.F) (TSX VENTURE:NSP) (NSPDF) is pleased to announce it entered into an industry hemp supply agreement with a leading industrial hemp supplier whereby it has secured its estimated industrial-hemp supply until end of 2016.
Naturally Splendid VP of Operations Bryan Carson comments, "It is vitally important for Naturally Splendid to secure enough industrial hemp seed to facilitate expanding our sales rapidly in our existing retail lines, retail lines in development and for our raw hemp-oil input for producing HempOmega(TM). With this supply agreement now in place, the Company is confident we can focus on our sales and marketing strategies."
Under the terms of the supply agreement, the industrial hemp supplier will secure industrial hemp seed from Canadian producers and, in consideration of which, the Company will purchase a minimum of 1,365,000 kilograms (3,000,000 pounds) of bulk industrial hemp seed from HPS (the "Purchase Commitment"). The Company will be required to meet twenty five percent (25%) of its Purchase Commitment for each of the four calendar quarters commencing on October 1, 2015. The bulk industrial hemp to be purchased from the supplier will be shelled and/or crushed producing three separate products: (i) shelled hemp seed; (ii) hemp protein; and (iii) hemp oil. The hemp oil, in turn, can then be converted by the Company into HempOmega(TM) utilizing the Company's licensed water-soluble omega technology.
Company CEO Craig Goodwin states, "Securing our raw input needs provides the Company with the confidence to approach a much wider range of potential clients, most notably in the multi-billion dollar omega market where we believe our value-added HempOmega(TM) technology has the potential to gain market share through a wide range of sales opportunities ranging from human, pet and feed stock applications. Discussions with significant companies using omegas in their existing formulations, or, wish to create omega-infused products, are on-going".
About Naturally Splendid Enterprises Ltd.
Naturally Splendid has an exclusive licensing agreement to market and distribute, the full complement of patent pending, plant-based omega products created by Boreal Technologies. The products include HempOmega(TM) and H2Omega(TM), as well as the AlgaeOmega(TM) FlaxOmega(TM), CanolaOmega(TM), and ChiaOmega(TM) plant based omega products. These novel products utilize microencapsulation and are available in both a powder format and an aqueous solution for increased flexibility in ingredient applications and stand-alone products. Additionally, the Company has licensed from FSL progressive cannabinoid extraction and formulation technologies including the world's first water soluble cannabinoid patent.
Naturally Splendid's 100% owned NATERA(TM) line of hemp-based superfood products are carried nationwide by Canada's leading health food distributors and a network of retail stores across Canada including major retailers and specialty stores. Naturally Splendid's recently rebranded "NATERA(TM)" line of products includes natural and flavored shelled hemp seeds as well as natural and flavored hemp protein powders.
About POS Bio-Sciences
POS Bio-Sciences offers expertise and service in bioprocessing applied research from bench-top to commercialization scale. POS' focus is process development, analytical services, and custom processing as well as specializing in extraction, fractionation, modification and purification of biobased materials.
All POS Bio-Sciences processes are GMP-compliant and fully supported by quality assurance, commitment to regulatory compliance, and certification to international standards. POS' also offers a suite of support services to assist clients and ensure that project outcomes meet their needs and expectations.
POS Bio-Sciences is a registered business name of POS Management Corp.
About Full Spectrum Labs Limited
Full Spectrum Laboratories, LTD. incorporated in Ireland, is a bioresearch and product development company with operating subsidiaries in Canada and the United States. The company has principally focused on the plant cannabis sativa and has developed numerous technologies and made several discoveries resulting in two granted patents and over 11 patent applications, in just under 5 years. FSL currently concentrates on formulation and extraction technologies; analytical cannabis testing in Canada; advance cannabis plant breeding specializing in CBD expression; and cannabinoid bio-synthesis.
For more information e-mail firstname.lastname@example.org or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - PINKSHEETS; 50N.F)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
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. There is no guarantee that the Company's plans will be found to be commercially viable; the sale of Naturally Splendid' products will meet or exceed the Purchase Commitment with HPS, the Company's ability to compete with large food and beverage companies; sales of any products developed will be profitable; 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.
SOURCE: Naturally Splendid Enterprises Ltd.