RE:RE:NSP Signs Agreement Hey “Canucope”,
Agreed, sure appears that way. I had a look at page 17 in the
Investor Deck where it indicates that NSP has products sold in over 2,000 retailers and shows several significant retailer “logos”. Today’s news release states:
Northridge services over 150 retail chains with multiple retail locations, representing thousands of points of sale, including;
Whole Foods; Save On Foods; Safeway; Walmart; Costco; Thrifty Foods; Buy Low Foods;
7-11 Convenience Stores (~
640 stores);
Macs Convenience Stores (~
2,200 stores);
Planet Organic Markets; Fairways Markets; and many others.
I used strikethrough to mark the ones with logos shown on page 17 to clearly see the
potential new retail chains that
may not already be in NSP’s distribution network. Northridge fills in some gaps, I particularly like the convenience store additions and I suspect that the new NSP client mentioned in the following news release will be happy and benefit from this distribution expansion.
Naturally Splendid Announces Contract Manufacturing Client to Launch Nationally in Major Convenience Store Chain - December 17, 2019 …is pleased to announce that a contract manufacturing client of Prosnack, a 100% owned division of the Company, will be distributing two (2) flavours of gluten free, plant-based protein bites to a major convenience store chain across Canada. Prosnack developed two (2) formulations for this contract manufacturing client that will be sold under their brand in over 6oo locations across Canada.
These products are formulated with plant-based ingredients, are vegan and gluten-free.
**
IMO
this is the best part of the today’s news release:
Northridge has developed a food service clientele that includes but not limited to:
Jugo Juice; Booster Juice; Wrap Zone; Denny’s; Panago Pizza; Dairy Queen; Red Robin; Tony Roma’s; Chili’s Restaurant Group; Gate Gourmet; IHOP; Whitespot; Ricky’s / ABC Restaurants; Cactus Club; Joey’s Restaurants; and Wrap Zone.
One of NSP’s largest clients is in the Food Service industry and may benefit from this distribution
I suspect that NSP may be attracting other Food Service Industry clients whose products fit with the food distribution clientele and/or they may be developing their own products for this industry. If you haven’t noticed, the way NSP describes itself in recent news releases has changed.
About Naturally Splendid Enterprises Ltd.
NSE has established numerous healthy, functional foods under recognized brands such as Natera Sport(TM), Natera Hemp Foods, CHII (TM), Elevate Me(TM) and Woods Wild Bar. The Company has a myriad of new products and line extensions under development that are approaching launch. NSE has also developed proprietary technologies for the extraction of high demand, healthy omega 3 and 6 oils from hemp. (NSE sales revenues for the first half 2019 exceeded FY2018). NSE is the current "go-to" manufacturer for healthy, functional food products and ingredients focusing on plant-based ingredients. The Company provides contract manufacturing services for many global healthy food companies, private labelling a wide variety of nutritional food products destined for global healthy food markets. NSE plans to utilize current and new technologies to meet the expected exponential demand developing in the cannabis market. Pending appropriate NSE licensing and regulations in permitting jurisdictions, NSE's current production facilities will be one of very few facilities that is capable of meeting the demand for infused edibles and oils for both in-house and contract manufacturers' brands.
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This time of year there are a lot of articles written about the popular trends for 2020, the following link is to the most recent one that I read:
Food Business News - Trends at the 2020 Winter Fancy Food Show - 01.21.2020
I found it an interesting read and posted below parts of the article
I think relate to NSP.
*****
“NSP is a very viable business without the Processor’s License!” *****
“Living in the sunshine” Always DYODD DKM *****
Food Business News - Trends at the 2020 Winter Fancy Food Show - 01.21.2020
SAN FRANCISCO — Functional teas, instant noodles and global sauces were among emerging trends spotted at the Winter Fancy Food Show. The event, held Jan. 19-21 in San Francisco, featured more than 80,000 products on display from 1,400 exhibitors.
“As the specialty food industry hits a record year of growth with $148.7 billion in sales,
we’re seeing that health benefits and sustainability concerns will continue to drive more food and beverage trends in 2020,” said Denise Purcell, head of content at the Specialty Food Association.
…Nearly
three in four consumers purchase specialty food products, which may be defined as premium, produced in small batches or featuring authentic recipes and high-quality ingredients, according to research from the Specialty Food Association and Mintel.
Beverages,
snacks and plant-based foods are drivers of specialty segment sales, according to Mintel.
Products positioned around diet claims, including low-sugar or high-protein, also draw interest. Many of the products on display at the Winter Fancy Food Show — from hot sauce to hotdog buns —
were developed to appeal to followers of the high-fat, low-carb ketogenic diet. Snack mixes, baking mixes, frozen desserts,
nutritional bars, confections, spreads and coffee creamers
prominently featured keto claims.
Next-generation plant-based Specialty snacks showcased at Winter Fancy Food included lotus root chips, popped water lily seeds, avocado puffs and tomato jerky.
“Plant-based is taking some different directions,” Ms. Purcell said. “Our Trendspotter Panel is predicting a move away from lab-grown meat alternatives to refocusing on fruits and vegetables and whole foods themselves.” Vegan Rob’s, a Sea Cliff, N.Y., maker of puffed snacks, introduced a line of functional bagged teas featuring ingredients such as ashwagandha, ginseng, kava root and
hemp. The products are positioned to provide relief from anxiety and depression.