Naturally Splendid (NSPDF) Secures C$1.45M Purchase Order
Ryan Allway
June 20th, 2016
News, Top Story
[stockchart symbol=NSPDF]
Naturally Splendid Enterprises Ltd. [stockquote symbol=NSPDF], a biotech company focused on developing, commercializing, and licensing an entirely new generation of plant-derived, bio-active ingredients, nutrient-dense foods, and related products, recently announced that it received additional purchase orders from the Korean Beauty & Health Co., Ltd. worth C$1.45M for its shelled hemp seed hearts – bringing the total to more than C$5.7M.
“We are pleased with the success that we are having as Korea Beauty & Healthcare (KBH) continues marketing and selling our shelled hemp seed hearts in South Korea,” said Naturally Splendid CEO Mr. Craig Goodwin. “We are pleased to report that in addition to the home shopping channel success that KBH is achieved with our shelled hemp seed hearts, shelf space has now been secured in mainstream grocery”.
The company has already shipped over 400 tons of shelled hemp seed hearts to South Korea in just four months. In addition, the company has begun discussions with KBH regarding additional products, including its HempOmega™. These products have the potential to be marketed through home shopping channels and then mainstream grocery stores – the same strategy that has made the launch of hemp seed hearts so successful.
With the success of KBH, the company has witnessed increased interest for its hemp food products across Asia. Management has attended tradeshows as members of the Canadian Trade Delegation in Singapore and Seoul, as well as members of the Premier’s Trade Mission to Seoul, Manila, and Tokyo. These efforts could translate to increasing sales of these innovative products over the coming quarters, as well as expansion in existing markets.
Naturally Splendid’s hemp-based omega-3 business includes a cannabinoid extraction and formulation technology that introduces water soluble properties, which makes it easier to incorporate into a number of different food products. For example, consumers may soon be able to purchase CBD-infused bottled water or condiments. The hemp-based nature of the CBDs ensures that the products are enriched with omega-3s and completely legal.
Shares of Naturally Splendid Enterprises were unchanged in early trading on Monday, June 20, 2016 following the news.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
About Ryan Allway
Mr. Allway has over a decade of experience in the financial markets as both a private investor and financial journalist. He has been actively involved in the cannabis industry since its inception, covering public and private companies.Disclaimer: Except for the historical information presented herein, matters discussed in this article contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from any future results, performance or achievements expressed or implied by such statements. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, is not registered with any financial or securities regulatory authority, and does not provide nor claims to provide investment advice or recommendations to readers of this release. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may from time to time have a position in the securities mentioned herein and will increase or decrease such positions without notice. For making specific investment decisions, readers should seek their own advice and that of their own professional advisers. Emerging Growth LLC dba TDM Financial, which owns CannabisFN, may be compensated for its Services in the form of cash-based and/or equity- based compensation in the companies it writes about, or a combination of the two. For full disclosure please visit: https://www.cannabisfn.com/legal-disclaimer/.
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