(TheNewswire)
Vancouver, British Columbia / TheNewswire /
May 25, 2018 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid", “NSE” or “the Company”)
(FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce that Naturally Splendid Director and President of the Canadian Hemp
Trade Alliance (CHTA), Mr. Russ Crawford, was a key speaker at the recent Senate hearing on May 23rd, 2018, to review
hemp and its inclusion under Bill C-45 the Cannabis Act.
Representing the CHTA, Mr. Crawford acknowledged the fine work of the Marijuana Task Force in developing Proposed
Regulations for the new Act which include important changes and reduced regulation for the production, processing and commercial
sale of industrial hemp. The CHTA spoke in favour of Senate support for Bill C-45 which will provide a less regulated commercial
environment for the hemp industry in Canada.
Two key points were made by Mr. Crawford. Firstly, the removal of hemp and its derivatives from the list of
Controlled Substances, an unnecessary and inaccurate characterization of hemp which has created public misconception and
stigmatized reluctance to consumption. Secondly, the expansion of opportunity in the hemp industry in the form of “whole plant
use”. Passage of the Bill will enable hemp farmers, processors and scientists to conduct research and product development on the
full spectrum of cannabinoids present in the leaves and flowers of the plant adding to the current crop value of seed and
fibre.
“The hemp industry still has a lot of work to do in the development of food, fibre, feed and natural
health product markets and this legislation opens the door for all stakeholders”, stated Crawford. “Similar
to the establishment of the enabling legislation of the Industrial Hemp Regulations Act in 1997, passing this Bill restates
Canada’s global leadership in the industrial hemp market.”
The sale of hemp products from Canada has grown from zero in 1997 to $180 million in 2017. Passage of this Bill would
be viewed as a positive statement to investors and consumers inviting an influx of capital expansion to the hemp sector. The CHTA
forecasts total sales could reach $1 billion by 2023.
Naturally Splendid is well positioned to act on this pending legislation by adding
new, formulated products that include cannabinoids in the areas of human food, cosmetics, health and wellness products and pet
foods and health treatments. Bryan Carson, Naturally Splendid’s Executive V.P. of Innovation & Marketing,
adds, “We have been hard at work developing formulations and specific targeted products which will contain
cannabinoids derived from hemp. This is a new and exciting opportunity for our company to achieve our goals in the creation of
nutritious functional foods made from hemp.”
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products 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) BIOTECHNOLOGY – Focused on three major platforms:
-
i. Proprietary HempOmega™ encapsulation
-
ii. Extraction and formulation with Cannabidiol (CBD)
-
iii. Hemp and plant-based proteins.
(2) CONSUMER PRODUCTS -
(3) NATERA® Ingredients - bulk ingredients including HempOmega™.
(4) Co-Packaging/Toll-Processing - packaging for house-brands (NATERA® and CHII) and third-party
partners.
For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
CEO, Director
Contact Information
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 465-0548
Fax: (604) 465-1128
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 including, Naturally Splendid's ability to compete with large food and
beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at
existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; 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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE
POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS
RELEASE.
Copyright (c) 2018 TheNewswire - All rights reserved.