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Naturally Splendid Enterprises Ltd V.NSP.H

Alternate Symbol(s):  NSPDF

Naturally Splendid Enterprises Ltd. is a Canada-based company, which develops and distributes healthy lifestyle foods and products. The Company owns Prosnack Natural Foods Inc. (Prosnack Natural Foods), a food manufacturing facility. Prosnack Natural Foods focusses on nutritional bars, Chii Naturally Pure Hemp, which is a retail line of hemp food products, while Pawsitive FX is a line of all natural balms for dogs. It has also developed technologies for the extraction of healthy omega three and six oils, as well as a protein concentrate from hemp. It focuses on manufacturing and distributing an extensive line of plant-based, meat-alternative entrees. It offers functional foods under brands, such as Natera Sport, Natera Hemp Foods, CHII and Elevate Me. It has several Company-owned brands featuring plant-based ingredients, including NATERA FX, Woods Wild mushroom fortified bars, Pawsitive FX for the canine market, and Timer’s Nutrition for the equestrian market, among others.


TSXV:NSP.H - Post by User

Comment by dontknowmuchon Jul 08, 2016 12:17pm
177 Views
Post# 25035624

RE:Can. Gov't. to make an announcement regarding Marijuana

RE:Can. Gov't. to make an announcement regarding Marijuana
 
Last week I posted a link to periscope for the Health Canada announcement.  I had it on the screen and “sort of” listened to it, when it was over I thought….ho hum….a lot of hoopla to announce a task force.

Apparently a few others closer to the recreational marijuana industry had a more positive view as posted below.

“Living in the sunshine”
Always DYODD
DKM
 
******

Liberals Announce Recreational Marijuana Plans – June 30, 2016

Brian Wagner, CEO of NHP Consulting Inc
 
A few minutes ago a press conference ended announcing the new marijuana task force for legalizing recreational marijuana. The chair will be Anne McLellan, a former deputy prime minister of Public Safety, and a host of other industry experts. The full list can be found here.
 
Of course, there was little to “announce” today in terms of what direction the new recreational market is heading, and that’s because the task force will decide this. Today was merely the announcement of the task force and who will be on it.

But there are two important take-home messages from today’s announcement. First and foremost, that this task force will consult across cities and provinces (and even outside the country) over the next 3 or 4 months. They will be providing their final report with recommendations in November this year. In my mind, they are moving very quickly (in government terms), and much faster than previously anticipated. I had blogged a few months ago that in the spring of 2017 we may see Gazette Part 1 regulations published for recreational use; now, this seems reasonable. If so, our new timeframe for regulations coming into force could be as early as the summer of 2017.

In other words, recreational cultivation, distribution, sale and consumption, will be regulated and controlled as of late 2017. We anticipate that once the report of recommendations is made available in November this year, that there will be a flurry of new interest in applying to be a producer under the MMPR (medical); it is highly likely that MMPR producers will be grandfathered into recreational cultivation/distribution once the new regulations are published.

The other key message from today’s announcement was that the current laws surrounding marijuana would continue to be enforced until new laws come into play. Considering also Blair’s clear comments that marijuana consumption has a clear and demonstrated negative impact on adolescent health and poses a public safety concern, we can read between the lines – that dispensaries will continue to be shut down over the foreseeable future. The only legal source of marijuana purchasing, of course, is from licensed producers.

My personal view is they will continue to raid dispensaries, but on a demonstrated risk basis. Dispensaries which have a longer history of responsible distribution, may continue to be left alone for the time being.

However, there is one other significant change coming soon – that pharmacies will be given the right to sell medical marijuana at their retail locations. We are expecting the confirmation next week, through indirect contacts in the industry. It is also a very likely scenario that isolated CBD will be descheduled, placing this substance outside the restricted list.

This task force will be publishing an online discussion paper at some point today, allowing stakeholders to provide online comment on the major issues which the task force will be investigating.
  
*****
 
Time for Health Canada to Modernize its Industrial Hemp Regulations to Allow for the Medical Utility of Hemp

Opinion: Marijuana.Ca Staff on July 6, 2016

Currently in Canada, the use of the flowering parts and leaves of the hemp plant, which contain Cannabidiol or CBD are restricted under the CDSA.

On June 30, 2016, Brian Wagner, CEO of NHP Consulting Inc., wrote on his blog about the Liberal Announcement of the Marijuana Task Force to Legalize and Regulate Recreational Marijuana
What was interesting about this blog posting, was his prediction on the potential promising developments for the industrial hemp industry.

The following paragraph contains the juicy tidbit:

"...there is one other significant change coming soon – that pharmacies will be given the right to sell medical marijuana at their retail locations. We are expecting the confirmation next week, through indirect contacts in the industry. It is also a very likely scenario that isolated CBD will be descheduled, placing this substance outside the restricted list."

If Brian Wagner is right, these potential changes to regulations could have considerable impact on the Canadian industrial hemp industry.


Canada has been growing industrial hemp since 1998.  Utilizing the seed and fibers of the hemp plant, Canadian farmers recognized the potential to produce environmentally friendly products such as building materials, textiles, paper and healthy nutrient rich foods, to name but some.  Canada is currently the largest exporter of industrial hemp worldwide.  The industrial hemp industry in Canada is relatively young, but going strong.  The economic potential of this industry looks promising, as the demand for hemp products continue to grow globally. 

However, the hemp plant also has therapeutic health potential which is not currently being utilized in Canada.

As outlined by Health Canada:

Industrial Hemp Regulations, industrial hemp includes Cannabis plants and plant parts, of any variety, that contains 0.3% tetrahydrocannabinol (THC) or less in the leaves and flowering heads.
Industrial hemp also includes the derivatives of industrial hemp plants and plant parts. These do not include the flowering parts or the leaves.

It is worth noting again, that Health Canada regulations do not permit the industrial utility of the flowering parts or the leaves of the hemp plant.  Essentially these parts of the plants go to waste.  And what a tremendous waste it is, of resources, and of economic and medicinal potential this incredible plant has to offer.

This seems quite ludicrous, especially in a landscape where there is growing anecdotal and evidence based clinical research demonstrating the therapeutic potential of Cannabidiol or CBD to treat various health conditions. 

In a press release issued June 7, 2016, Kim Shukla, Executive Director of Canadian Hemp Trade Alliance (CHTA) said, "Hemp could serve as a Canadian medicinal health product because it contains cannabidiol (CBD) but almost no THC, the psychoactive component.  Ironically, today Canadians who need the beneficial cannabinoids to treat medical conditions only have recourse to marijuana, while these components of our hemp crops are being left to waste in Canadian fields."

"Hemp farmers want the option to harvest their entire crop and explore the opportunity for the whole plant, including cannabinoids such as Cannabidiol (CBD)," adds Shukla. "New research continues to build the mounting body of evidence that CBD can have positive health effects, such as alleviating schizophrenia-related symptoms."

This situation is particularly poignant in the case of childhood epilepsy, for which high CBD is proving to be an effective treatment. There is a growing body of clinical research demonstrating its potential therapeutic uses. There are high levels of CBD in hemp and hemp does not have the psycho-activity that is prevalent in medical marijuana. The psycho-active THC is a concern for parents of children with epilepsy wanting access to CBD.

Dr. Steven Laviolette, University of Western Ontario says, "Increasing research is showing that CBD not only serves as an effective treatment option for several serious brain disorders including epilepsy and schizophrenia, we now know that CBD actually counteracts many of the negative effects associated with THC."

Right now, the cost to patients of high CBD cannabis is equivalent to high THC marijuana as it is being grown in the same high security facilities. Allowing hemp farmers to harvest CBD from their crops would radically reduce the cost to patients.

"In Canada today, hemp can only be harvested for grain and fibre," adds Shukla. "So farmers have to incorporate the CBD-rich hemp chaff, the leaves and flower parts, into the soil and waste it. In countries where it can be harvested, it is processed into products like CBD oil."

Now, internationally, Canadian hemp farmers stand to lose ground in their market position to competitors who are currently working to de-regulate and gain market share. According to Shukla, "Some European countries and American states have already made changes to their regulations to permit whole-plant use, but Canada's Industrial Hemp Regulations have not changed since they were adopted in 1998."

In early May, CHTA provided a position paper to Health Canada, including a legal basis for Canada to allow whole-plant hemp use without contravening any international conventions.

"We are cautiously optimistic that the new Federal Government stance on marijuana legislation will have a timely, positive effect on Health Canada's Industrial Hemp Regulations," says Shukla. "We would be pleased to work with Health Canada on solutions that meet their requirements for oversight and regulation and allow us to offer our superior product options to Canadian and International consumers."

It is definitely time for change, and we support the CHTA's mandate to utilize the entire hemp plant for its' multitude of uses. We urge Health Canada to make the necessary and sensible changes to regulations, as soon as possible. 









dontknowmuch wrote:
Media AdvisoryArticle from Health Canada

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Government of Canada to make an announcement regarding Marijuana


Minister Jody Wilson-Raybould, Minister Jane Philpott, Parliamentary Secretary Bill Blair and Parliamentary Secretary Michel Picard will make an announcement regarding marijuana.
They will be available to answer questions from the media following the announcement.
Date
June 30, 2016
Time
10:30AM (EDT)

Location
The National Press Theatre
150 Wellington St
Ottawa, Ontario
Teleconference Information:
613-960-7526 / or toll free 877-413-4814
Access Code: 3905062
Watch on Periscope
https://periscope.tv/healthcanada


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