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VANCOUVER, BRITISH COLUMBIA / TheNewswire / October 1, 2015 - Naturally Splendid Enterprises Ltd. (the "Company") (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce that three additional custom formulated, flavoured hemp protein blends created by Naturally Splendid for Laguna Blends, has received approval from Health Canada. The three additional flavours are PRO369 Chocolate Banana, Mixed Berry and Vanilla Caramel. In an earlier news release it was announced Laguna Blends had received approval from Health Canada for their Pro369 Tropical Powder.
Pro369 is a variety of unique 30-gram single-serving (on-the-go) hemp protein powder drink mixes that are available in various flavours. The hemp proteins are water soluble and can be directly mixed in water or added to almond, coconut or regular milk. In addition, the hemp protein can also be blended into a shake or smoothie. Pro369 is considered a health industry product.
Naturally Splendid VP of Operations Bryan Carson reports, "With all four (4) custom formulated proteins now approved by Health Canada, we are moving onto the next phase with Laguna Blends. Our agreement with Laguna is not only to formulate products for them, but also to be their manufacturing partner for these products. This is a pivotal time for Naturally Splendid as we begin to monetize the technologies we have acquired. We are extremely pleased to have entered into a manufacturing agreement with Laguna Blends to be the exclusive manufacturer of their flavoured hemp Pro369 product line. We are thrilled to be involved with a company that is as committed as we are to offering products of the highest quality possible. We look forward to developing and manufacturing additional products for Laguna."
Laguna Blends President and CEO Stuart Gray reports, "I am ecstatic that Laguna now has approvals for all four of our Pro369 hemp protein products created for us by Naturally Splendid. In addition to the hemp protein contained in our products they also contain Ginseng and HempOmega(TM) provided by Naturally Splendid. Products approved by Health Canada increases credibility to Laguna and its affiliates in the marketplace. We have the utmost of confidence in this growing relationship with Naturally Splendid."
Naturally Splendid CEO Craig Goodwin said, "We are pleased that the products we've developed for Laguna Blends have all been approved by Health Canada. The success with these custom formulated products is a significant step forward as we attract new business opportunities. Ingredients for the custom formulated Laguna Blends products can be manufactured at the recently acquired 12,000 square foot, POS Bio Processing Centre (BPC) in Saskatoon, Saskatchewan. The POS BPC facility has the ability to produce products for the nutraceutical, medical, natural health, cosmetic and agri-food industries. Pursuant to the terms of the previously announced Purchase Agreement for POS BPC, Naturally Splendid entered into a license and sales agreement with POS Bio-Sciences, whereby Naturally Splendid will have the right to sell and market, on an exclusive basis, five (5) ingredients created using POS Bio-Sciences' technology and to also sell and market, on a non-exclusive basis, additional ingredients created using POS technologies. The ingredients included in the licensing arrangement with POS Bio-Sciences are of high quality sourced plant and marine extracts in the form of powder or oil and will be marketed through Naturally Splendid's recently launched BC Ingredients (BCI) division (www.bcingredients.com)."
Goodwin summarizes, "The acquisition of POS BPC and licensing agreement for the bio-available plant based ingredients, compliments and enhances the existing opportunities being developed by Naturally Splendid. With this facility, we have the ability to provide products and services for several markets including the robust health and wellness markets whether that is for humans, pets or in the area of animal feed. These ingredients are environmentally sustainable and promote good health and nutrition and are already paying dividends as evidenced by the successful product development for Laguna Blends."
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient-dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions: (1) Natera(R) brand of retail hemp superfood products currently distributed throughout North America; (2) PawsitiveFX(TM) brand of pet care products; (3) BCI Division of plant-derived bulk ingredients including patent-pending HempOmega(TM); and (4) hemp-based cannabinoid pharmaceuticals and nutraceuticals. The Company's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
About Laguna Blends Inc.
The Company's business is focused on the nutritional health benefits derived from hemp. The Company is a network marketing direct sales company that intends to generate retail sales through independent affiliates. The Company's affiliates utilize tools and technology that enable them to build an international business from their own home or while travelling.
The first products to be launched by the Company are expected to be functional beverages that provide high levels of protein and/or nutrition. The Company's products are made from high quality hemp protein. Some of the Company's current products are hemp coffee - coffee beverages that contain both whey and hemp protein. The Company also plans to offer other product categories in the future. The Company intends to sell its products through its independent affiliates in the USA and Canada and anticipates launching its business in the Fall of 2015.
For more information e-mail info@naturallysplendid.com or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com
Forward-Looking Statements
Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news release. These statements reflect management's current estimates, beliefs, intentions and expectations. They are not guarantees of future performance. Naturally Splendid cautions that all forward looking statements are inherently uncertain and that actual performance may be affected by a number of material factors, many of which are beyond Naturally Splendid's control. There is no guarantee that the Company's plans will be found to be commercially viable, POS will be successful in developing new plant based omega products; the costs to develop these products will not be higher than anticipated; the Company's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.
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