VANCOUVER, British Columbia, Feb. 22, 2017 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (FRANKFURT: 50N ) (TSX-V: NSP ) (OTC:NSPDF) is pleased to announce we will be presenting an expanded line of CBD formulated products at FOODEX JAPAN 2017 from March 7-10 in addition to the line of CBD formulated capsules announced in a previous news release.
Naturally Splendid is pleased to announce its wholly owned U.S. subsidiary has signed an exclusive sales agreement with a leading CBD manufacturer for a complete suite of CBD formulated products. The products include; three (3) nanomist oral sprays for pain discomfort, brain cognisance and anti-anxiety; three (3) nano-formulated CBD topicals for localized pain and stress relief; two (2) CBD 2 oz shots, one for energy, one for sleep; and a CBD / herbal blend formulated capsule for pain relief.
The exclusive sales agreement is for a term of three (3) years, provided Naturally Splendid reaches certain cumulative sales volumes, and covers Japan as well as additional countries. The additional countries will be announced on a timely basis as the strategic marketing plan is implemented to cover these multiple territories.
In total, Naturally Splendid will be launching nine (9) CBD formulated SKUs under this agreement and four (4) CBD formulated SKU’s including one energy gum product from a previous announced exclusive sales agreement. This represents a total of fourteen (14) new SKUs to be launched at FOODEX JAPAN.
Naturally Splendid President Mr. J. Craig Goodwin states, “ We are most pleased to be able to complete these two exclusive sales agreements, which combined represent a comprehensive CBD formulated line of products. Japan will be our initial target. However, our exclusive sales agreements cover multiple countries and we will be systematically launching this CBD product line in countries that have already been identified. We will continue to source additional CBD formulated products to augment the CBD products which we now offer.”
Naturally Splendid CEO Dave Eto States, “ This now provides our new product line NATERA ® CBD with versatility in marketing and also allows us to be nimble when approaching new customers. We see this as a positive step towards internationally branding our entire NATERA® division, which includes; NATERA® INGREDIENTS, NATERA® HEMPFOODS, NATERA® SKINCARE and NATERA® CBD. I look forward to providing updates on our integration of this branding strategy and to provide updates from our trip to FOODEX JAPAN.”
FOODEX JAPAN is the largest annual food and beverage tradeshow in Asia and has been a highly successful trade event since its debut in 1976 serving Japan’s $585 billion food market and additional significant Asian markets. Over 76,500 professional visitors attended FOODEX 2016, including over 9,000 from Korea, Taiwan, China, Thailand, and Hong Kong.
All CBD products will be sold only in jurisdictions that legally permit the purchase and sale of such products.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology 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 non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has six innovative divisions: (1) Natera® brand of retail hemp superfood products currently distributed throughout North America and Asia; (2) Chi Hemp Industries Incorporated (Chii) is selling natural and organic hemp products through e-commerce (3) PawsitiveFX® brand of pet care products; (4) Simpli Plant-Based Ingredients Division of plant-derived bulk ingredients including patent-pending HempOmega®; (5) The 12,000-square-foot POS / BPC Facility - which is managed for Naturally Splendid by POS Bio-Sciences - is positioned to offer commercial-scale custom processing solutions for biological materials, such as functional foods and natural health ingredients to a wide range of clients (6) hemp-based cannabinoid nutraceuticals. Naturally Splendid's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573.
On Behalf of the Board of Directors
Mr. Dave Eto CEO, Director
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, the 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.
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
