Naturally Splendid Extends LOI With CROP and Will Now Infuse CROP’s “CannaDrink” Functional Beverages With HempOmega™...
03 October 2018 - 8:00PM
NATURALLY SPLENDID ENTERPRISES LTD. (TSX-V: NSP)(OTCQB:
NSPDF) is pleased to announce that further to its LOI with
CROP Infrastructure Inc.
(CSE: CROP) (OTC: CRXPF)
(Frankfurt: 2FR) (“CROP” or the “Company”) (previously
announced on August 14th 2018) CROP will now utilize Naturally
Splendid’s proprietary HempOmega™ powder, created from
microencapsulated hemp seed oil, in its “CannaDrink” functional
beverage line currently being developed.
Naturally Splendid CEO Mr. Douglas Mason states,
“We are pleased to be working with CROP to create quality,
white-labelled hemp products for the Hempire brand as well as
providing our proprietary HempOmega™ ingredient for CROP’s
innovative CannaDrink functional soft drink line. CannaDrink is
formulated to deliver superior omega nutrition, by utilizing NSE’s
proprietary HempOmega™ and provides ‘first mover advantage’ for NSE
and CROP to formulate cannabis formulated beverages and edibles as
HempOmega™ has been approved for product fortification without the
concern or restrictions of cannabinoid formulated beverages and
edibles.”
CannaDrink will now be available in all
jurisdictions that currently do not allow for cannabinoid infused
beverages, such as CBD and/or THC. HempOmega™ does not contain any
CBD and/or THC and will not be subject to restrictive regulations.
HempOmega™ is NSE’s 100% owned, proprietary technology that
microencapsulates hemp seed oil into superior bioavailable formats.
HempOmega™ is a high-quality, sustainable omega 3 fatty acid
alternative ingredient to fish oil. Due to its unique powder
format, HempOmega™ solves the formulation challenge manufacturers
face when trying to add oil to existing products and has proven to
increase the bioavailability of omega fatty acids.
Michael Yorke, CEO and Director of CROP
Infrastructure states: “We believe in the nutritional spectrum and
health benefits of both hemp and CBD so adding a consumer goods
vertical was a logical progression as consumer data shows strong
trends in plant-based foods and nutritional products. We see it as
a tremendous opportunity for CROP Infrastructure’s branding &
IP portfolio.”
Mr. Douglas Mason adds, “We continue to add to
our expertise commercializing our proprietary technologies such as
HempOmega™, our Hemp Protein Isolate as well as our extensive
library of cannabinoid-based research. It is the opportunity to
penetrate the beverage and edible markets with hemp extracted
ingredients, such as hemp oil and/or HempOmega™, to create and
launch consumer products prior to regulations evolving to allow for
wide spread acceptance of cannabinoid edibles and beverages.
In addition to its CannaDrink beverage line,
CROP has been working with NSE to develop a “Hempire” branded Hemp
Food Line that will include a variety of Hemp Seeds and Hemp
Protein Powder. CROP and NSE are currently testing a variety of
flavors and formulations specifically for the Hempire Brand, and
many of the products will be enhanced with HempOmega™.
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 cannabinoid compounds in a broad spectrum of applications.
For more information e-mail info@naturallysplendid.com or
call Investor Relations at 604-673-9573.
On Behalf of the Board of DirectorsMr. 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.comWebsite:
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.
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