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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

Comment by buddingprospecton Jun 12, 2021 9:26am
175 Views
Post# 33377492

RE:price

RE:price

Hey PPocklington,

I don't know much, but there are a few possibilities, i suppose:

 

1) Someone - or some institution - is holding the SP down

2) News was released on a Friday morning; perhaps some were off on a long weekend

3) Some players/investors were scared off by the Q1 and Q2 reports and refuse to commit fresh cash until, for instance, the relationship with Denny’s develops further, i.e. until the plant-based offerings find their way into restaurants across the country.

4)  Some players/investorswere thoroughly scared off by Q1 and Q2 reports and refuse to commit until the company shows that it can provide tangible evidence of progress, i.e. generate significant revenues quarter after quarter, regardless of a trial balloon with the name Denny’s inscribed on it.

5) Some players/investors noticed by mid-morning that the SP didn't quite lift off, and decided to keep their powder dry.

6) Some have little or no cash reserves currently, even if the Covid-19 clouds are slowly lifting. 


Cheers
BP
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