Naturally
Splendid Sales in Q2 Nearing 100% Increase Year to Date
VANCOUVER, British Columbia, Canada -- July 24, 2019 --
InvestorsHub NewsWire -- NATURALLY SPLENDID
ENTERPRISES LTD. (“Naturally Splendid” or “NSE” or
“Company)(NSP.V)(NSPDF)(50N.F) is pleased to
announce unaudited gross sales in the second quarter of 2019 have
nearly double compared to the same period last year.
Naturally Splendid has recorded
approximately $1,000,000 CDN in gross sales during the second
quarter (Q2) of 2019, which spans the period from April 1, 2019 to
June 30, 2019. The Company previously reported gross sales of
$483,675 CDN in the second quarter (Q2) of 2018, which spanned the
period from April 1, 2018 to June 30, 2018. Accumulative gross
sales for Q1 and Q2 of 2019 are approximately $1,715,000 CDN almost
equaling the gross sales for the entire year in 2018.
In comparison, the Company recorded audited gross annual sales of
$2,073,776 CDN in 2018 and audited gross sales of $1,550,469 CDN in
2017. Currently the Company is on pace to surpass 2018 total gross
sales early in the third quarter of this year.
Naturally Splendid is experiencing growth in gross sales across
many of its divisions. The core concept of duo revenue streams
emanating from producing and distributing Company branded products,
as well as offering Contract Manufacturing Services has provided a
foundation to leverage these assets and drive sustainable
shareholder value.
Sales of the Company’s recently
launched Natera™ Sport KEY-TO-LIFE keto bars continue to increase
as distribution points for this product expand throughout Canada
including; Whole Foods, Sobeys’s, Loblaws, Longo’s, Metro, Save-On-
Foods, Nature’s Fare and No Frills, as well as many more retailers
across the country in just the first three (3) months of the
official launch date.
Naturally Splendid President Mr. Craig Goodwin states, “Significant
time and strategic capital has been allocated to the continued
advancement of Naturally Splendid’s manufacturing facilities. The
Company’s continued focus on providing the highest level of
services within certified facilities is starting to pay dividends
in both the products we are manufacturing under our Company brands,
as well as in the type of client we have been attracting. Our
Contract Manufacturing services, focuses on nutritional bars, a
range of core hemp products such as hemp seeds, oil and protein and
will have the ability to add CBD-infused edibles as regulations and
licensing permits.”
Goodwin adds, "We are definitely
pleased with the increase in our gross sales across many of our
divisions in the past two quarters. We expect revenues to continue
increasing over last year as facility upgrades have resulted in
increased production capacity, while simultaneously attracting
additional Contract Manufacturing Clients. Increased sales as well
as increasing margins are reflecting positively on our bottom line.
The Company will focus attention and resources towards the
lucrative ingredient markets globally, including plant-based
protein and omegas, while preparing for the positively evolving
cannabinoid opportunities, specifically focusing on Cannabidiol
(CBD) derivatives.”
The emerging CBD edibles market is
approaching in Canada on Oct.19th, 2019 with research
companies stating:
Technavio projects that the global cannabis-infused edible
products market will grow at an annual CAGR (compound annual growth
rate) of 25% through 2022.
Arcview Market Research reports that spending on edibles could
reach as high a $4.1 billion in the U.S and Canada by
2022.i
Naturally Splendid has strategically
positioned itself to be a leader in the CBD-infused edibles sector
and upon receiving necessary licensing and permitting for
manufacturing and infused product lines, this will create an
entirely new revenue stream for the Company.
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 focused on the commercial
uses of industrial hemp, and once regulations allow, in permitting
jurisdictions, this will include CBD (cannabidiol), and other
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
Directors
Mr. 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.com
Website: 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, including its
application to obtain a Standard Processing License, 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.
i https://finance.yahoo.com/news/cannabis-edibles-will-soon-multi-billion-dollar-business-143854787.html
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