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Naturally Splendid Enterprises Ltd V.NSP


Primary Symbol: V.NSP.H Alternate Symbol(s):  NSPDF

Consumer Defensive Packaged Foods Cannabis
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

Naturally Splendid Enterprises Ltd > Get out. While you Still Can.
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Comment by northmanon Aug 16, 2021 12:05pm
134 Views
Post# 33710236

RE:RE:RE:Get out. While you Still Can.

RE:RE:RE:Get out. While you Still Can.Oops my bad. I did not read the end of July news release that they had raised $2.5mm in a private placement at $0.05 per share. This might seem self serving, but just based off of the March financials I predicted an equity raise.

The only person who would give this company money is the CEOs mommy. More money is just delaying the inevitable and not even by that long.

For example - $2.7mm working capital deficit is now covered let's say. They are still losing $500K per quarter and so presumably they will need to raise money again just to pay the next round of power bills. Bring on another equity raise.

I mean... what kind of company issues a press release to let the market know they have ordered a shipping container of product. WOW. You are a business and you ordered inventory. Amazing.


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