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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. 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

Post by dontknowmuchon Jan 26, 2020 2:26pm
256 Views
Post# 30600342

Friday release was GOOD news not bad.....perspective

Friday release was GOOD news not bad.....perspective 
Hey “ezemoney”,
 
ezemoney wrote:
Bad News Popping Out Friday Again...NSP and OIL
Ceo's love releasing bad news late Friday's as the adage goes.

 
I have to disagree with your characterization of the Naturally Splendid Terminates Agreements Friday afternoon news release as bad news.  Maybe since you used the word adage it’s possible you were only suggesting it might be bad news ;<)
 
I checked the Stockwatch News Bulletin listing and there were over 125 listings posted after market close on Friday and I am sure that there are a few “bad” news listings among them.  The NSP news release was posted at 17:32 EST which would only be 2:32 pm PST – afternoon here on the west coast where NSP offices are located.  I am sure if there was any attempt to “bury” this news it would have shown up on the Stockwatch listing much later in PST time.

2020-01-24 17:32 C:NSP Naturally Splendid Enterprises Ltd 0.085 News Release Naturally drops deals with AlternaMedz, Prairie Pure
 
The first time I read the termination news release the words “cleanup in aisle 3” popped into my head; to me this is just NSP confirming what we already knew/suspected.  IMO the AlternaMedz agreement was a dead back in Sept 2019; although I didn’t state it that bluntly it was pretty clear as I laid it out in my lengthy Sept 18 post.  
 
 
broke wrote: Looks like Alterna-Medz is still in the picture after all.. George Ragogna of AlternaMedz Canada Inc. 

 
I have to admit that on initial reading of Naturally Splendid Announces Changes to Board of Directors - December 20, 2019 I thought the same thing as “broke”.  However, AlternaMedz had not been mentioned for months and there was no mention of AlternaMedz in the news release or in George Ragogna’s bio on the NSP website.  That confirmed to me what I had concluded in September.
 
So I would characterize the “official” announcement that the AlternaMedz agreement was terminated as good news.   NSP is no longer committed to spend capital resources “building out” the AlternaMedz facility – I shouldn’t have to explain to anyone why that in itself is a positive considering all the recent news in the sector.  We all know and agree there is never enough cash!
 
The funds received from the .14 PP and the .085 PP have IMO been put to better use installing specialized equipment that allows for several different infusion and coating methods and increased capacity at the NSP facility.
 
*****
 
Glut Check - December 20, 2019

…Today 62,000 acres of hemp are grown in Oregon, a 427% increase from one year ago.
…So many growers switched to hemp, however, that there are now signs of a hemp glut as well. Prices for CBD oil, a popular hemp derivative, have fallen nearly 88% since 2012.
 
**
 
The Prairie Pure agreement was announced on Aug 8th and we have heard nothing about it since then.  IMO it is also good news that the agreement was terminated.  The agreement stated “Prairie Pure, a Canadian entity, will lease the Extraction System from NSE and operate the equipment through Oregon Plant Processing LLC (“Oregon Plant Processing”) and Plant Relief, a 100% owned division of Oregon Plant Processing.”
 
If the agreement had gone ahead NSP would have shipped its R6 Pro extraction equipment to the States. Most likely NSP would not have received any or received very little toll processing revenue under the agreement. It would also have its extraction equipment stuck in the States with all the headaches and costs that situation could entail.
 
In July when the AlternaMedz agreement was initially announced I saw it as a positive potential deal, same with the Prairie Pure agreement in August, but things change and sometimes very quickly.  
 
Occassionally if one maintains a preconceived attitude towards something they are unable to see a different perspective – I repeat – I choose to see the termination of both these agreements as good news :<)
 
*****

NSP is a very viable business without the Processor’s License!”

*****

Living in the sunshine
Always DYODD
DKM

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