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. The Company 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.

TSXV:NSP.H - Post by User

Naturally Splendid Enterprises Ltd

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Post by TheRock07on Aug 30, 2016 2:04pm

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Post# 25192002

Estimated $20 million in 2016 sales

NSP only began selling shelled hemp seeds in Q2 of this year.
They have 30 million lbs to sell @ $5 per pond, which amounts to $15 million.

Of course, they have other products such as a line of pet foods that are just now entering the market.

If the sales growth rate so far in 2016 is any indication for the remaining months, the company could bag total sales of around $20-million in 2016, a potential sales growth of plus 6,567 per cent against 2015.

That would mean $7 to $8 million in sales for each of the Q3 and Q4 quarters of 2016.

With $4.3 million in Q2 sales, these targets should be achievable if not exceeded.

If so, we are talking about $2 as a reasonable target of fair value.