Mt69sinai
6 years ago
Naturally launches Natera FX health care products
2018-10-18 12:07 ET - News Release
Mr. Douglas Mason reports
NATURALLY SPLENDID LAUNCHES NATERA FX(TM) FOR PRACTITIONER MARKET SECURES $500,000 CDN COMMITMENT
Naturally Splendid Enterprises Ltd. officially launched Natera FX, an industry-first, hemp-based, practitioner-grade line of therapeutic health care products at the British Columbia Naturopathic Association's (BCNA) Advancing Naturopathic Medicine 2018 exhibition in Vancouver, B.C., on Oct. 12, 2018.
Naturally Splendid is pleased to have received an initial commitment of over $500,000 CDN from its Master Distributor who has access to over 2,000 naturopaths and healthcare professionals across Canada. The Natera FX products are designed to assist healthcare professionals optimize the nutritional "tool kits" within their existing lifestyle programs.
Natera FX products will be marketed directly to healthcare professionals including but not limited to; naturopaths; chiropractors; medical doctors; and pharmacies through a country-wide network of distributors and an e-commerce website at: www.naterafx.com.
Natera FX currently has 5 products that have received Natural Product Numbers (NPN's) from Health Canada as follows:
Relief: Anti Inflammatory Capsules (NPN No. 80082780)
Phyto Mood: Capsules (NPN No. 80084609)
Lean FX: Body Composition Formula -- Chocolate Banana (NPN No. 80087708)
Lean FX: Body Composition - Vanilla Carmel (NPN No. 80087708)
MVP: Multi Vitamin Phyto Nutrient (NPN No. 80085246)
Additionally, NSE has submitted an NPN application and is awaiting acceptance for the following:MATRIX: Bone and Joint Health Capsules (expected December 2018).
Natera FX has 5 other professionally formulated products developed for this line that do not require NPN numbers as follows:
Phyto Shake: Hemp Protein and Phytonutrient Blend - Chocolate Banana
Phyto Shake: Hemp Protein and Phytonutrient Blend - Vanilla Caramel
KETO Bars: Mango, Vanilla Chai, Super Greens, Hemp Heart Beet, Chocolate Maple Hazelnut, and Blueberry Lemon
DiaFibre: - Higher levels of soluble fibre for rapid gut motility - Tropical Mango
ConstiFibre: - Higher levels of insoluble fibre for passive gut motility - Pineapple Coconut
Bryan Carson, Naturally Splendid Executive Vice President of Marketing and Innovation stated, "This is a very exciting product launch as there are no comparable hemp-based products currently being marketed directly to healthcare practitioners. We have been working closely with doctors and formulators for almost 18 months to create a superior hemp product line designed for the practitioner market and we will continue to develop additional products and add SKUs strategically. NSE also plans to add cannabidiol (CBD) and other cannabinoids into future formulations as regulations allow."
Additionally, Naturally Splendid has engaged the services of Mr. Michael Li and WELLGENEX Sciences Inc. to guide the company and provide services to apply for Natural Product Numbers (NPN's) from Health Canada.
Michael Z.C. Li, MD, MSc, MBA has over 25 years of experience in the medical, nutrition, and natural health products sectors in Asia Pacific and North America with expertise in RandD, clinical trials, technology assessment, new product development, commercialization, business and market development as well as strategic planning. He has worked as a general physician and held various positions and project management roles in a number of private, public and multinational companies including the Kraft Heinz Company, Chai-Na-Ta Corp., National Research Council Canada, and Zuellig Group.
Wellgenex Sciences is a full-service professional company devoted to helping clients in life sciences, nutrition and natural health to bring innovative technologies and products to target marketplaces in Canada, the U.S. and Asia Pacific.
Scientific and Regulatory Affairs
Product registration and regulatory approvals
Intellectual property and technology management
Product specification set-up, claim and labeling
Evidence requirement and assessment
Clinical trials
Product Development and Commercialization
Technical appraisal and scientific support
Product review, market assessment and regulatory feasibility
Technical appraisal and scientific support
Formulation and optimization
Clinical trials
Market Development and Investment
Market research
Feasibility and entry strategy
Strategic alliances
Investment evaluation and due diligence
Strategic alliances and business planning
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 and marijuana cannabinoid compounds in a broad spectrum of applications.
We seek Safe Harbor.
© 2018 Canjex Publishing Ltd. All rights reserved.
Mt69sinai
6 years ago
NATURALLY SPLENDID RECEIVES INVESTMENT COMMITMENT FOR $2,000,000 FROM WAHUPTA VENTURES INC. FOR CANNABINOID EXTRACTION FACILITY
LESS THAN 1 MINUTE AGO BY
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NATURALLY SPLENDID ENTERPRISES LTD. (TSX-V: NSP)(OTCQB: NSPDF) is pleased to announce that it has entered into a cooperation agreement (the "Cooperation Agreement") with Wahupta Ventures Inc. ("Wahupta") whereby Wahupta has committed to invest up to $2,000,000 (the "Investment"). The proceeds of the Investment will be used to complete the build out of a cannabinoid extraction facility, including a full laboratory at Naturally Splendid's existing manufacturing and distribution facility located in Pitt Meadows, BC (the "Facility").
Through Naturally Splendid's wholly owned subsidiary, Naturally Splendid Extracts Ltd. Naturally Splendid has applied for a Dealer License under the Narcotic Control Regulations (Canada) in order to pursue a number of activities related to cannabis including research & development, product development and processing of cannabinoids. The Investment will allow Naturally Splendid to complete its Facility which will position the Company in a favorable position in the evolving cannabis markets in Canada with new regulations taking effect October 17, 2018. Additionally, cannabis regulations continue to evolve globally and the combination of the appropriate licensing in conjunction with extraction capabilities, will provide multiple new opportunities to the Company.
Wahupta is headquartered in Vancouver Canada. Wahupta's areas of expertise include cannabinoid extraction, hemp farming, research & development as well as product development. Wahupta has aligned itself with First Nations and Indigenous Tribes in both Canada and the United States providing the platform for significant hemp biomass production. Wahupta's land-partnership portfolio currently includes multiple locations in British Columbia, Saskatchewan, Manitoba, and Quebec. Currently this represents access to over 35,000 acres of prime agricultural land. These partnerships represent an innovative, forward-thinking approach to crop-farming. Wahupta's agricultural processes are proven to transition soybean, flax, canola and industrial hemp-based crop farms into high-yielding, high ROI CBD-based hemp farms.
Wahupta has significant expertise in the field of cannabinoid extraction through its wholly owned subsidiary, Curran Technologies Inc. (CTI). CTI currently manufactures a range of cannabinoid extraction equipment that applies new technology to the advancement of the cannabis oil extraction process making them a leading manufacturer of extraction equipment.
Additionally, the combined expertise at CTI and Wahupta continue to evaluate extraction technologies and apply them accordingly to develop cost effective, high throughput extraction systems. Wahupta will be instrumental in designing, manufacturing and installing the cannabinoid extraction system in Naturally Splendid's Pitt Meadows facility. Timing of the completed facility is based, in part, to final licensing approvals from Health Canada.
Additionally, the parties have begun drafting a Supply, Manufacturing and Distribution Agreement that will provide Naturally Splendid access to Wahupta's hemp biomass to meet Naturally Splendid cannabidiol extraction needs as well as provides minimum purchase obligations by Wahupta for cannabidiol (CBD) produced once the Facility is completed and obtains its license. Wahupta intends to private label existing Naturally Splendid products under their own brand as well as distribute CBD fortified products developed by Naturally Splendid once licensing and regulations allow.
Naturally Splendid CEO Mr. Douglas Mason States, "This is a monumental milestone for Naturally Splendid. To find a partner with the combination of capital, cannabinoid extraction expertise, significant hemp biomass as well as their own distribution network is truly extraordinary. We look forward to many years of growth with Wahupta."
Wahupta CEO Warren Cudney states, "We are most excited with finding a partner so strategically aligned as Naturally Splendid. Our combined areas of strength and expertise create significant synergies. Wahupta Ventures currently has over 1000 acres currently in agricultural production across 5 Canadian provinces for 2018. We expect to expand to a landmark 100,000 acres of hemp in 2019 after having met with Indigenous leaders. We believe this relationship will be of significant value to both Wahupta and Naturally Splendid moving forward."
Terms of Cooperation Agreement
Under the terms of the Cooperation Agreement, the Investment will be comprised of the following tranches:
-- 555,556 common shares of Naturally Splendid ( the "First Tranche") at a price of $0.27 per share for total proceeds of $150,000 upon TSXV Exchange approval,
-- an additional 555,556 common shares of Naturally Splendid (the" Second Tranche") at $0.27 per share for total proceeds of CAD $150,000 within 45 days of the date of closing the First Tranche;
-- an additional 740,741 common shares of Naturally Splendid (the "Third Tranche") at $0.27 per share or the Discounted Market Price (as defined by the rules of the TSX Venture Exchange) for total proceeds of CAD $200,000 within 30 days of the date of closing of the Second Tranche; and
-- grant of an option for 5,555,556 common shares of Naturally Splendid (the "Fourth Tranche") at $0.27 per share or the Discounted Market Price (as defined by the rules of the TSX Venture Exchange) for total proceeds of CAD $1,500,000 within 45 days of the date of closing of the Third Tranche.
The proceeds of the Investment will be used to build the Naturally Splendid extraction facility in Pitt Meadows and for working capital purposes. The Investment is subject to the acceptance of the TSX Venture Exchange.
NYOptionsGuy
6 years ago
Naturally Splendid Secures Acreage for 2018 and 2019 Hemp Production
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/06/28/NSP-NSPDF-Naturally-Splendid-Secures-Organic-Acreage-for-2018-and-2019-Hemp-Production
VANCOUVER, British Columbia, June 28, 2018 -- /D.M.O. Newswire/ -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid," “NSE” or “the Company”) (FRANKFURT:50N) (TSXV:NSP) (OTC:NSPDF) is pleased to announce that it has contracted with a long established organic hemp farmer, Fresh Air Farms, for 330 acres of organic agricultural land to provide organic hemp production for the 2018 and 2019 growing seasons.
Fresh Air Farms is an organic farm located in Marcelin, Saskatchewan, Canada with roots that go back to 1911, when the Grenier family first began farming there.
In the agreement, Naturally Splendid has the right to purchase up to 100% of the organic hemp production from the 330 acres for the 2018 and 2019 growing seasons. Currently, the Company is securing the acreage for organic hemp seed production. However, as the new hemp regulations under Bill C-45 come into effect, the Company has the option to convert some or all the acreage to CBD (cannabidiol) production.
The Company anticipates designating a portion of the organic cultivation for research and development of high yielding CBD (cannabidiol) hemp. Naturally Splendid intends to expand this model of identifying organic acreage for hemp seed and/or CBD cultivation to secure additional acreage in the future.
According to Russ Crawford, Naturally Splendid Director and President of the Canadian Hemp Trade Alliance, “The pending regulations addressing the legalization and deregulation of cannabis in Canada signals a new beginning for the hemp industry, and in particular, organic production. Securing organic acreage to meet future demands as the uses for organic hemp increase with the coming of the new regulations, positions the Company for sustainable growth.”
Naturally Splendid CEO Mr. Douglas Mason states, “Securing organic acreage is very much a cornerstone to our vertically integrated business plan. The recent acquisition of hemp processor ACI Foods, strengthens our efficiencies in product supply of organic hemp seed, hemp hearts, hemp oil and hemp protein into existing Company retail brands NATERA® and Chii™ while increasing our margins considerably. As importantly, the fact that we can convert the acreage from hemp seed production to CBD (cannabidiol) production gives us immense flexibility as the new hemp regulations come into effect. Additionally, we continue down the path of securing a Dealer’s License which in turn allows Naturally Splendid a myriad of new revenue opportunities including cannabinoid extraction and toll processing, as well as the ability to introduce new CBD fortified products currently under development by our experienced team of formulators. Product categories for CBD fortification under development include food and supplements, beverages, skincare and cosmetics and pet care and food products which we plan to market through established distribution channels with our existing divisions and brands.”
According to a recently published TechSci Research report, "Global Organic Food Market Forecast & Opportunities, 2020," the global organic food market is projected to register a CAGR (compound annual growth rate) of over 16% during 2015 - 2020. Growth in the market can be attributed to growing health concerns among consumers and increasing awareness with regard to health benefits of organic food. Other factors driving organic food sales across the globe include increasing income levels, improving standard of living, and government initiatives aimed at encouraging widespread adoption of organic products.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, and we are 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 and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions:
(1) BIOTECHNOLOGY – Focused on three major platforms:
Proprietary HempOmega™ encapsulation
Extraction and formulation with Cannabidiol (CBD)
Hemp and plant-based proteins.
(2) CONSUMER PRODUCTS -
NATERA® - brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
Prosnack Natural Foods Inc. (Elevate Me™) - lifestyle brand of healthy meal replacement products distributed throughout North America.
Chi Hemp Industries Incorporated (CHII) - e-commerce platform for natural and organic hemp products.
PawsitiveFX® - topical pet care products.
NATERA®CBD - retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
NATERA®Skincare - brand of retail hemp based cosmeceutical products.
(3) NATERA® Ingredients - bulk ingredients including HempOmega™.
ACI Foods is a science-based, industrial hemp seed processing business located in Abbotsford, BC. Listed as the only strictly organic hemp seed processor in North America
(4) Co-Packaging/Toll-Processing and Manufacturing - packaging for house-brands (NATERA®, CHII™ and Elevate Me™) and third-party partners.
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; customers will complete on sales contracts; 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.
NYOptionsGuy
6 years ago
Naturally Splendid Reports First Quarter Results for 2018
SOURCE: https://www.dailymarijuanaobserver.com/single-post/2018/05/30/NSP-NSPDF-Naturally-Splendid-Reports-First-Quarter-Results-for-2018
Vancouver, British Columbia / TheNewswire / May 30, 2018 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP) (OTC:NSPDF) announces its financial results for the three months ended March 31, 2018. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards.
Naturally Splendid recorded a net loss of $13,397 during the three months ended March 31, 2018, compared to a loss of $942,055 during the three months ended March 31, 2017. The decrease in net loss was due to the sale of POS BPC Manufacturing Corp. which provided for a gain on sale of $1,535,096, offset by an increase in selling and distribution costs of $88,479 and administrative expenses of $453,230, mainly due to the addition of the Company's Prosnack Natural Foods Inc. ("Prosnack") business which was not included in the expenses in the comparative quarter, as the acquisition occurred on October 18, 2017.
Naturally Splendid recorded sales of $320,827 during the three months ended March 31, 2018 compared to $587,203 in for the three months ended March 31, 2017. This revenue decrease was mainly due to the collapse of sales of bulk hemp seed to South Korea where the Company had recorded $Nil bulk sales in the current quarter compared to $245,400 in the first quarter of 2017. The additional sales generated from the acquisition of the Prosnack business was not enough to counter the loss of bulk sales. Retail sales were off during the first quarter whereas online sales remained consistent.
Cost of Sales during the three months ended March 31, 2018 was $217,523, compared to $435,766 in the three months ended March 31, 2017. The Company significantly changed its sales mix in 2018 with a reduction of exporting bulk seed sales which have been generally sold at a lower gross margin percentage.
Gross profits during the three months ended March 31, 2018 was $103,304 (32.2% of sales) compared to $151,437 (25.8%) in the three months ended March 31, 2017 due to higher margins on retail and online sales whereas in the comparative quarter the lower margins on bulk seed sales caused the overall margins to decrease. In 2018, the Company is focused on rebuilding its markets and products and new commercial opportunities, both domestically and in new international markets, and with NSE's acquisitions of Prosnack (acquired October 18, 2017) and Absorbent Concepts Inc. ("ACI") (acquired April 24, 2018)
REST OF RELEASE: https://www.dailymarijuanaobserver.com/single-post/2018/05/30/NSP-NSPDF-Naturally-Splendid-Reports-First-Quarter-Results-for-2018
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