(via TheNewswire)
VANCOUVER, British Columbia - TheNewswire - July 3, 2019 -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid" or "NSE" or "The Company") (TSX-V:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to announce its recently launched NATERA(TM) Sport "KEY-TO LIFE" Keto Bars, are now available in retail outlets across Canada including Whole Foods, Sobeys's, Loblaws, Longo's, Metro, Save-On- Foods, Nature's Fare and No Frills, as well as many more retailers across the country . Sales of this product have exceeded $285,000 CDN in just the first three (3) months of the official launch date.
The NATERA(TM) Sport, KEY-TO-LIFE keto bars were developed 100% internally by the team at Naturally Splendid. Our Vertically Integrated Strategy allowed our team to; identify a robust growing market, develop a base keto formulation and six (6) distinct flavours; as well as develop and implement the branding, graphics, and marketing strategy. The finished product was then introduced to our extensive North American distribution network, which collectively has resulted in this successful launch.
Executive Vice President of Operations Mr. Bryan Carson states, "We are nearing 1,000 points of sale to date for the NATERA(TM) Sport KEY-TO-LIFE Keto bar and anticipate sales of this product will continue to trend upward. In accordance, we've increased our production capacity, an indicator of our high expectations for this well-received product. We look forward to introducing many more innovative NATERA(TM) products, some of which will be launched soon".
In preparation for the evolving edible markets, Naturally Splendid has made strategic acquisitions and expanded manufacturing capacities and capabilities to position the Company for this emerging opportunity. Recently announced regulations regarding edibles are scheduled to take effect in Canada October 17, 2019. The Canadian Government anticipates products will be available for sale in mid-December after going through a regulated screening process. Initially, Naturally Splendid will be focused on CBD (cannabidiol), the cannabinoid within hemp that is associated with many health benefits.
Company President Mr. J. Craig Goodwin states, "The same Vertically Integrated Strategy that successfully launched NATERA(TM) Sport Key-TO-LIFE bars, can be deployed for infused edible cannabis products. Naturally Splendid has been preparing for this historical opportunity for the past several years and upon securing the required licensing and permits, look forward to offering CBD-infused products under various house brands such as NATERA(TM) and Elevate Me(TM). As well, we will be offering contract manufacturing services for CBD infused edibles for our clients in the same manner we offer our traditional services. As a food manufacturer with a decade long history in hemp, we feel we are well positioned to capture our share of these markets as regulations allow.".
The Ketogenic Diet
The Ketogenic diet consists of healthy fats, lean protein, and non-starchy carbohydrates at a ratio that encourages the body to use stored fat as energy, also known as ketosis. This process minimizes the body's need to rely on carbohydrates as a primary fuel source which helps to balance blood sugar levels, maintain a greater level of satiety, and reduce appetite and food cravings. The benefits of this diet can include enhanced mental acuity, better weight management, greater athletic endurance, and less fatigue making it one of the fastest growing categories for nutritional bars.
For more information, or to purchase these quality products, please visit the Naturally Splendid website: www.naturallysplendid.com
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 cannabinoid compounds in a broad spectrum of applications.
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.
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