Naturally Splendid Enterprises Ltd V.NSP.H

RE:now?

[G1945V]

Well, what we need to know is what have they done with the $3,270,971 they raised on December 23, 2021, ($2,150,515) and January 13, 2022 ($1,120,456)?

The audited financial statement for year-end December 31, 2021, we'll see on or before June 30, 2022, and that will show the amount raised on December 23, 2021. Q1 2022 will show the amount raised on January 23, 2022. 

Let's hope Craig Goodwin sticks to his words about how the money raised was to be spent. 

"Company CEO Mr. J. Craig Goodwin states, "The Company is pleased to close the second tranche of this capital raise, exceeding our target of three million dollars. The new manufacturing lines have now been ordered, and upgrades to our existing manufacturing facility to accommodate the production of our plant-based lines have begun".

Goodwin adds, "The first step is to install and commission two (2) packaging lines that will increase the opportunity to pursue retail opportunities. The first packaging line which was previously announced to be operational in January 2022, is now operational. Retail packaging will be finalized shortly, and we expect our retail packaging to be available by early February allowing us to begin penetrating the Canadian retail market. The second packaging line is scheduled to come on stream in February 2022. This second packaging line greatly enhances our packaging capabilities by being able to accommodate a wide variety of packaging mediums, optimizing new opportunities specifically for the retail and direct to consumer markets. While we are building out our own manufacturing, we will continue to import product from our Australian partners. We look forward to providing updates in a timely manner as we embark on this most exciting opportunity".

G1945V