Naturally Splendid Secures C$5M Contract Targeting Bar/Snack Market
June 14th, 2018
News, Top News
The global bar/snack market is expected to grow significantly over the coming years, according to market analysts, driven by growing demand for healthy snacks to support nutrition and wellness. While there are many different companies in the space, investors may want to pay especially close attention to smaller companies that are just starting to scale up their operations for the greatest upside potential.
Naturally Splendid Enterprises Ltd. (TSX-V: NSP) (OTC: NSPDF) represents a compelling opportunity in the space. After acquiring new equipment earlier this year, the company secured a C$5 million contract to produce unique bar/snack products in North America.
Rapidly Growing Snack Market
The global snack bar market is expected to grow significantly over the coming years, according to MarketResearch, driven by both millennials and baby boomers demand for healthy daily snacks to support nutrition and wellness. In addition, there is rising demand for vegan snack bars from consumers who lead a vegan lifestyle that opts for healthy substitutes for meat, dairy, and other conventional protein sources.
There are many different snack bar segments:
Naturally Splendid’s Elevate Me™ brand focuses on lifestyle and healthy meal replacement products that include energy bars and on-the-go oatmeals distributed throughout North America — one of the most lucrative markets for snack bars. The Elevate Me™ brand can be found in more than 1,000 retail stores, including Costco, Whole Foods, Choices, Save On Foods, Sobeys, London Drugs, Thrifty’s, Rexall, and many more.
The company’s sales and marketing efforts in the space are led by VP of Sales & Marketing Alan Maddox, who has more than 30 years of experience in the food industry. Prior to Prosnack, the company was Director of International Sales for McCain Foods where he was responsible for overseeing sales in over 70 countries, as well as President of Sepp’s Food Group where he grew sales from C$1 million to over C$88 million.
Landmark $5M Manufacturing Contract
Naturally Splendid recently signed a C$5 million, five-year bar/snack manufacturing contract through its Prosnack Natural Foods division.
“Securing this new manufacturing contract will provide NSE with needed revenue and access to new markets,” said CEO Douglas Mason. “Increasing our production capacity and product innovation capabilities was an important objective, this now gives NSE the flexibility to approach new customers and significantly add to our service offerings. We see private labeling and co-manufacturing as enormous opportunities for added revenue, we are currently in advanced discussions with other companies seeking similar manufacturing requirements.”
The contract comes shortly after the company acquired a new state-of-the-art bar/snack manufacturing machine designed to serve high-volume clients with top-quality products.
“After completing the transition to the NSE facility in April 2018, one of our core focuses was to increase production capacity to meet demand for larger clients’ requirements,” said VP of Sales and Marketing Alan Maddox. “Acquiring this new machinery has supported us to complete this objective. The production interruption we experienced with the transition to the NSE facility near the end of Q4’17 and Q1’18 is now behind us and, with resumed production at the new facility, we are actively seeking more commitments from previous and new clients.”
The combination of high-volume processing and a new contract could point to near-term revenues and value creation for shareholders.
Naturally Splendid Enterprises Ltd. (TSX-V: NSP) (OTC: NSPDF) represents a compelling opportunity within the growing bar/snack industry. With its new machine and recently awarded contract, investors may want to take a closer look at the company as it begins ramping up its revenue and unlocking long-term shareholder value.
The above article is sponsored content. Emerging Growth LLC, which owns CannabisFN.com and CFN Media, has been hired to create awareness. Please follow the link below to view our full disclosure outlining our compensation: https://www.cannabisfn.com/legal-disclaimer/
Follow Us on Social Media
About CFN Media
CFN Media (CannabisFN) is the leading creative agency and media network dedicated to legal cannabis. We help marijuana businesses attract investors, customers (B2B, B2C), capital, and media visibility. Private and public marijuana companies and brands in the US and Canada rely on CFN Media to grow and succeed.
CFN launched in June of 2013 to initially serve the growing universe of publicly traded marijuana companies across North America. Today, CFN Media is also the digital media choice for the emerging brands in the space.
Disclaimer: Matters discussed on this website 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. The Information contains forward-looking statements, i.e. statements or discussions that constitute predictions, expectations, beliefs, plans, estimates, or projections as indicated by such words as "expects", "will", "anticipates", and "estimates"; therefore, you should proceed with extreme caution in relying upon such statements and conduct a full investigation of the Information and the Profiled Issuer as well as any such forward-looking statements. Any forward looking statements we make in the Information are limited to the time period in which they are made, and we do not undertake to update forward looking statements that may change at any time; The Information is presented only as a brief "snapshot" of the Profiled Issuer and should only be used, at most, and if at all, as a starting point for you to conduct a thorough investigation of the Profiled Issuer and its securities and to consult your financial, legal or other adviser(s) and avail yourself of the filings and information that may be accessed at www.sec.gov, www.pinksheets.com, www.otcmarkets.com or other electronic sources, including: (a) reviewing SEC periodic reports (Forms 10-Q and 10-K), reports of material events (Form 8-K), insider reports (Forms 3, 4, 5 and Schedule 13D); (b) reviewing Information and Disclosure Statements and unaudited financial reports filed with the Pink Sheets or www.otcmarkets.com; (c) obtaining and reviewing publicly available information contained in commonlyknown search engines such as Google; and (d) consulting investment guides at www.sec.gov and www.finra.com. You should always be cognizant that the Profiled Issuers may not be current in their reporting obligations with the SEC and OTCMarkets and/or have negative signs at www.otcmarkets.com (See section below titled "Risks Related to the Profiled Issuers, which provides additional information pertaining thereto). 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/. A short time after we acquire the securities of the foregoing company, we may publish the (favorable) information about the issuer referenced above advising others, including you, to purchase; and while doing so, we may sell the securities we acquired. In addition, a third-party shareholder compensating us may sell his or her shares of the issuer while we are publishing favorable information about the issuer. 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/.