Shares of Naturally Splendid Enterprises Ltd.(TSX-V: NSP, OTCQB: NSPDF, Forum) had a healthy boost on Wednesday, after providing a positive outlook for 2020 earlier this week.
The Company reported that purchase orders in January for its Prosnack nutritional bars & bites have already exceeded $300,000 (CAD) to date. Given that industry estimates assess that the plant-based nutrition market will grow to $88 billion (USD) by 2030, the Company has pegged the valuation of the Prosnack brand at $11.1 million (CAD). NSE CEO J. Craig Goodwin stated that the Company has positioned itself to become a leading developer and manufacturer of nutritional plant-based bars and bites through our Prosnack Division.
For more on this outlook, click here.
A developer of health food and hemp products, as well as a large scale producer for in-house brands, NSP also made news recently with the announcement that George Ragognawill bring his 30+ years experience in the Canadian financial services industry tothe Company’s Board of Directors.
FULL DISCLOSURE: Naturally Splendid Enterprises Ltd. is a paid client of Stockhouse Publishing.