On Friday,
Naturally Splendid Enterprises Ltd. (TSX-V: NSP, OTCQB: NSPDF, Forum) announced that it had received an additional $612,865 in cash from the exercise of warrants. The warrants were exercised at a price of $0.055 for a total of 11,143,000 common shares being issued. Following the issuance of these shares, Naturally Splendid will have 217,946,007 common shares outstanding.
NSP’s Chief Executive Officer, J. Craig Goodwin stated that a strategic investor had exercised this recent round of warrants, which has allowed the Company to accelerate on key initiatives.
“This influx of capital will be directed towards the operations of the Company to further advance projects such as Natera Plant-Based Foods and e-commerce strategies. We look forward to providing updates as these key initiatives are implemented.”
For more on this news story, and the Company’s work with the marketing students from the British Columbia Institution of Technology (BCIT), click
here.
Naturally Splendid recently reported that it had also received another
purchase order from its roster of clients in South Korea.
This Purchase Order for another 20 tonnes of hulled hemp seed, represents the fourth shipment to South Korea since March 3rd, 2020.
CEO Goodwin added that
according to The Korea Vegetarian Union (KVU), there are approximately 500,000 strict vegans in the country and about 1.5 million who pursue similar diets.
“The number of ‘flexitarians’, those who follow an increased plant-based diet, is rapidly rising as well. It is estimated that as many as 10 million people, representing approximately 20% of South Korea's total population consider themselves flexitarians. This is further evidence that a diet increasingly focused on plant-based nutrition, continues to gain in popularity with consumers over a broad demographic. Naturally Splendid looks forward to pursuing these developing opportunities.”
FULL DISCLOSURE: Naturally Splendid Enterprises Ltd. is a client of Stockhouse Publishing.