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Management needs to wake up and be alive. Stock is dead and that is hard to say for Canadian cannabis companies.
Are these guys hanging too much on the Clearly Canadian connection. I watched Craig's recent interview and he was essentially reading from a powerpoint. I wasn't impressed.
Attractive market cap and no money equals a hope and a prayer equals speculation which is not what we do. I'm not impressed with the Clearly Canadian mess which is what it's been for awhile. Would probably take a shot on total spec because of market cap.
Very hard to build a brand with no money. They have a minimal budget. There are a few public company operators behind this company. Let's see what happens over the next 6 months.
You have a management that loves to spout their association with Clearly Canadian. That is great but ultimately Clearly Canadian is a failed company. This is one of the most under capitalized Canadian hemp/cannabis plays. Scary
Sir, the issue is that they are low in cash and any significant raise will dilute the hell out of current investors. When most Canadian hemp and mmj pubcos have tens of missions in the bank, they have from what I understand about a million.
I also don't like the fact that they are not naming where the orders are coming from. In other words, what distributor.
The market cap is right but the cash position is wrong to build a brand. I am taking a shot here and will buy some but it's either a hero or a zero.
I posted this on Stockhouse:
I prepared a Quarterly Revenue spreadsheet on the weekend which shows that the revenues are at the start of an uptrend. The limitations of SH necessitate posting it on Google drive:
Revenue Summary with notes and sample projection(s)
I was going to do a write up which included the link above, but decided I would just post the spreadsheet as a standalone. I can always do the write up later ;<)
Read more at http://www.stockhouse.com/companies/bullboard?symbol=v.nsp&postid=28522602#ergZcUGpb6GQGJdh.99
The management team is competent. However, cash is a major problem.
They should because they ran Clearly Canadian.
Although I'm a fan, deeply concerned about the paltry amount of capital NS has compared to most players in this space.
Competent management team that needs to be more market conscious.
Great and when they get that, how much money will they have to raise at at $10,000,000 market cap. Crazy dilution!!
I’m here for the dealer license !
I think the issue is that they have a shoestring budget. The stock may be fairly valued but the snack bar market is highly competitive. Very hard to build a brand without a big budget. I know some of the management team were the founders of Clearly Canadian but with that and five dollars I can buy a coffee at Starbucks. Doesn't mean much. Also, don't like the fact that they are not revealing the names of their Australian distributor. Nutiva build a brand in North America. Why go to Australia when the North American market can still be penetrated?
Naturally Splendid Comments on Health Canada's Exemption to Industrial Hemp Regulations
VANCOUVER, British Columbia, Aug. 17, 2018 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE” or “The Company”) (TSX-V:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to comment on the positive amendment to Health Canada's publication of Subsection 56(1) Class Exemption in relation to the use of hemp under the Industrial Hemp Regulations (flowering heads, leaves and branches).
The exemption, published on August 10, 2018, enables companies with the relevant licenses to commence using the whole hemp plant for commercial purposes, which was prohibited under previous regulations. The exemption will remain in place until the scheduled implementation of the Cannabis Act on October 17, 2018, which allows for whole plant utilization from that date onwards. The significance of whole plant utilization in the new regulations will allow for the extraction of CBD (cannabidiol) from hemp, which currently is illegal in Canada.
“The August 10th amendment to the Controlled Drugs and Substances Act, which will enable Canadian farmers to collect whole plant material from 2018 crops in advance of the official legalization of cannabis on October 17, 2018, is excellent news for the hemp industry. This action is in response to a request made by the Canadian Hemp Trade Alliance (CHTA) on behalf of its members and is a clear signal that Health Canada sees hemp in a very different light than marijuana,” noted Russ Crawford, a Director of Naturally Splendid Enterprises Ltd. and President of the CHTA. “We commend Minister Petitpas-Taylor, Health Canada and the Canadian government on their continued leadership regarding cannabis legislation on the global stage.”
For Naturally Splendid, a hemp food/ingredient company, this exemption order will allow the Company to work with feedstock suppliers to make use of plant material produced in 2018, once the October 17th legalization comes into effect. As this date passes, it will no longer be illegal to work with whole plant material from industrial hemp plants. This barrier has represented significant lost opportunities for farmers, processors and retailers of hemp and hemp-based products produced and processed in Canada. By allowing early access to hemp in the field in 2018, NSE will gain a full year on research and product development related to cannabinoids and terpenes. For shareholders of Naturally Splendid, this development represents an accelerated timeline on product development and placement in our established retail networks, and provides for a greater potential for a positive impact on sales and revenue opportunities.
“NSE has developed formulated products which will incorporate ingredients from the hemp plant. We are excited to actually work with these ingredients in the first year of legalization of cannabis and get products to market that much sooner. Our company has been working towards the proposed legalization date of October 17th, but we were unsure as to how we would be able to make any real progress on product development in the coming year without plant material to process. This pre-emptive action by Health Canada is a timely and important recognition of the realities of agriculture,” states Bryan Carson, Executive Vice President of Marketing & Innovation and NSE co-founder.
Douglas Mason, Chief Executive Officer of Naturally Splendid, commented, “This momentous decision allows for whole plant utilization, and permits NSE to execute its strategic plan and begin preparing for Cannabidiol (CBD) harvesting with our recently contracted and long established organic hemp farmer, Fresh Air Farms, on 330 acres of organic agricultural land. This also provides NSE with organic hemp production for the 2018 and 2019 growing seasons. The Company has the option to convert some or all the acreage to CBD (cannabidiol) production, which is of high interest with the recently announced exemption. Once NSE receives Dealers License approvals, we will be able to begin extraction and formulation of CBD and other raw cannabis materials to manufacture products enhanced with these value-added compounds, creating new revenue streams and opportunities. NSE has already developed products and established markets to enter this high growth potential market.”
Fresh Air Farms is an organic farm located in Marcelin, Saskatchewan, Canada with roots that go back to 1911, when the Grenier family first began farming there.
Health Canada : Controlled Drugs and Substances Act (CDSA) - Section 56 Revision : https://www.canada.ca/en/health-canada/services/health-concerns/controlled-substances-precursorchemicals/policy-regulations/policy-documents/section-56-class-exemption-industrial-hempregulations.html
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 marijuana cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has four innovative divisions:
(1) BIOTECHNOLOGY – Focused on three major platforms:
Proprietary HempOmega™ encapsulation
Extraction and formulation with Cannabidiol (CBD)
Hemp and plant-based proteins
(2) CONSUMER PRODUCTS
NATERA® - brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
The Bar Makers (Prosnack Natural Foods Inc.) makers of (Elevate Me™) - lifestyle brand of healthy meal replacement products distributed throughout North America.
Chi Hemp Industries Incorporated (CHII) - e-commerce platform for natural and organic hemp products.
PawsitiveFX® - topical pet care products.
NATERA®CBD - retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
NATERA®Skincare - brand of retail hemp based cosmeceutical products.
(3) NATERA® Ingredients - bulk ingredients including HempOmega™
Naturally Splendid Hemp Processing is a science-based, industrial hemp seed processing business located in Abbotsford, BC. Listed as the only strictly organic hemp seed processor in North America
(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.
https://web.tmxmoney.com/article.php?newsid=7977347851385421&qm_symbol=NSP
Looking for buyout here !! Imho
Why say need money they already have a facility built ??
Problem is they need money. That is the big negative.
This should double easy after distribution license is granted ... gtec got there’s on 30 days so will see !!
As posted on Stockhouse bullboard
On March 04, 2018 I wrote about “CHFA WEST & new products… new items...” and the projected availability of Natera Life Bars in April.
[img]http://scontent.fyvr3-1.fna.fbcdn.net/v/t1.0-9/28279359_1533893956660423_244641014623534505_n.jpg?_nc_cat=0&oh=46bbfceef407c673b2284fe20d9a42b3&oe=5B4ED4FB
[/img]
Seems that the project got a substantial upgrade and now will be in August. Looks great!
From Twitter:
Introducing #NATERAsport
#Keto bar! August 2018!
no added sugar
vegan friendly
keto friendly
gluten free
non gmo
#KeyToLife
[img]http://pbs.twimg.com/media/Dh3piDKXcAAUEvh.jpg
[/img]
*****
“Living in the sunshine”
Always DYODD
DKM
I agree and it's a hybrid play. Cannabis and hemp exposure while building brands. Some good pedigree behind the management team.
This may be the next Canadian hemp/cannabis play to make a big move.
Naturally Splendid Submits Dealer License Application
VANCOUVER, British Columbia, July 05, 2018 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce that it has completed and submitted their Dealer License Application to Health Canada for processing. The Dealer License Application is a comprehensive document that includes critical areas such as; Facility Layout and Construction Details; Standard Operating Procedures; Quality Person in Charge Selection; Criminal Record Checks; Safety Protocols; and Security Plans.
As announced in a previous news release dated February 6, 2018, the Company engaged Cannabis Compliance Inc. to prepare the Dealer License Application in order for the Company to become a Licensed Dealer of cannabis extracts under the Canadian regulatory regime. Cannabis Compliance Inc. has a 100% success record in securing Dealer License’s for their clients.
Becoming a Licensed Dealer allows the Company to pursue a number of R&D activities related to cannabis, including but not limited to the extraction, formulation and distribution of cannabinoids such as CBD (cannabidiol) and/or THC (Tetrahydrocannabinol), amongst other activities. Regulatory compliant activities include:
1) Manufacturing
2) Packaging
3) Preparation of R&D Formulations for future manufacturing
4) Resale and distribution to other licensees
5) Importing and exporting for global sales
6) Laboratory testing
7) Contract NSE services for any of the above activities
The Company has secured an additional 4,000 square feet of manufacturing space adjacent to their existing processing facility, specifically for the extraction facility as outlined in the Dealer License Application. An extensive review of extraction technologies has been completed and construction of the facility has begun.
Cannabis Compliance representative and CFO Mr. Sid Hathiraman states, “From the R&D and manufacturing perspective, Licensed Dealers are permitted to prepare formulation from cannabis whether that be from hemp or marijuana. On the other hand, Licensed Producers (“LPs”), who are the growers of medical marijuana, are limited to formulations with only carrier oils. LPs cannot add additives, e.g. flavour, stabilizer or any other ingredient that would be required to manufacture or alter the cannabis product in the form of an edible, Natural Health Products (NHPs), nutraceutical or pharmaceutical products. This is the role of the Licensed Dealer, thus creating business opportunities not available to LPs”.
According to the Prime Minister’s office, new regulations regarding hemp and marijuana in Canada, will come into effect October 2018. The new Cannabis Regulations will include provisions for Licensed Dealers to transition into the new regulatory framework as Licensed Processors. Additionally, the revised hemp regulations will allow for the extraction of CBD from hemp. Currently CBD is only allowed to be extracted from marijuana which legally limits the uses of CBD currently.
In regards to CBD extraction from hemp, the Company announced in a news release dated June 28, 2018 that it has contracted with a long established organic hemp farmer, Fresh Air Farms, located in Saskatchewan, Canada, for 330 acres of organic agricultural land to provide organic hemp production for the 2018 and 2019 growing seasons. Naturally Splendid has the right to purchase up to 100% of the organic hemp production from the 330 acres. Although, the Company initially secured the acreage for organic hemp seed production, the Company has the option to convert some or all the acreage to CBD (cannabidiol) production.
Naturally Splendid intends to expand this model of identifying organic acreage for hemp seed and/or CBD cultivation to secure additional acreage in the future. Additionally, the Company anticipates designating a portion of organic cultivation for research and development of high yielding CBD (cannabidiol) hemp.
Naturally Splendid CEO Mr. Douglas Mason states, “Securing organic acreage, obtaining our Dealer’s License and the imminent positive changes to hemp and marijuana regulations in Canada as well as a more global acceptance of cannabis allows Naturally Splendid to continue to evolve our business, and to execute our strategic plan. This allows the Company to position itself as growing global trends towards CBD have become more acceptable. Naturally Splendid intends to be at the forefront of that opportunity utilizing our IP; formulating and processing expertise; and distribution through our existing and developing distribution channels globally in jurisdictions that allow for CBD and CBD fortified products.”
Naturally Splendid Executive Vice President of Sales Mr. Alan Maddox states, “Production of our own cannabinoids such as CBD and THC is a strategic component to our vertically integrated business plan. Our recent acquisition of hemp processor ACI Foods, strengthens our efficiencies in product supply of organic hemp seed, hemp hearts, hemp oil and hemp protein into existing Company retail brands NATERA® and Chii™ while increasing our margins considerably. This acquisition allows us to go from farm to plate, a marketing and sales dream for food products. As importantly, the ability to introduce new CBD fortified products currently under development by our experienced team of formulators into multiple product categories provides competitive advantages for our retail lines. In addition, CBD fortified products under development include food and supplements, beverages, skincare & cosmetics and pet care and pet nutrition, which we plan to market through established distribution channels.”
About Cannabis Compliance Inc.
For over a decade, Cannabis Compliance Inc. (“CCI”) has offered risk mitigation, due diligence and regulatory compliance for commercial cannabis producers and resellers around the world. Their focus is in the Global market, and they provide their clients with trusted and comprehensive solutions. CCI has extensive expertise in regulatory compliance, cultivation/horticulture, security designs/tender, facility designs/build-outs, quality assurance programs, Import & Export, staff recruitment and financial planning. They have provided services to several Licensed Producers as well as ‘industry companies’, resulting in the successful granting of licenses.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, and we are 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:
Proprietary HempOmega™ encapsulation
Extraction and formulation with Cannabidiol (CBD)
Hemp and plant-based proteins.
(2) CONSUMER PRODUCTS -
NATERA® - brand of retail hemp and superfood products distributed throughout North America, Asia and Europe.
Prosnack Natural Foods Inc. (Elevate Me™) - lifestyle brand of healthy meal replacement products distributed throughout North America.
Chi Hemp Industries Incorporated (CHII) - e-commerce platform for natural and organic hemp products.
PawsitiveFX® - topical pet care products.
NATERA®CBD - retail hemp-based cannabinoid nutraceutical and cosmeceutical products distributed in Asia.
NATERA®Skincare - brand of retail hemp based cosmeceutical products.
(3) NATERA® Ingredients - bulk ingredients including HempOmega™.
ACI Foods is a science-based, industrial hemp seed processing business located in Abbotsford, BC. Listed as the only strictly organic hemp seed processor in North America
Co-Packaging/Toll-Processing and Manufacturing - packaging for house-brands (NATERA®, CHII™ and Elevate Me™) 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; customers will complete on sales contracts; 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.
Naturally Splendid Enterprises Ltd. is a phenomenal opportunity with real products. Most people don’t know this but the fact is that the most successful hemp companies in North America are all in Canada. Walk into any Vitamin Shoppe or GNC in the United States and buy hemp hearts or hemp oil and guess where it comes from, Canada. Nutiva is based in Canada and so is Manitoba Harvest and most of the largest hemp companies in the world are based in Canada. Small public companies in the United States that profess to be in the hemp business are in the story business. Naturally Splendid Enterprises is in the hemp business
It is legal to cultivate hemp in Canada for commercial purposes and it is not legal in the United States pursuant to federal law.
President Obama signed the Agricultural Act of 2014, or the 2014 Farm Bill, which included Section 7606 allowing for universities and state departments of agriculture to begin cultivating industrial hemp for limited purposes. Specifically, the law allows universities and state departments of agriculture to grow or cultivate industrial hemp if:
“(1) the industrial hemp is grown or cultivated for purposes of research conducted under an agricultural pilot program or other agricultural or academic research; and
(2) the growing or cultivating of industrial hemp is allowed under the laws of the state in which such institution of higher education or state department of agriculture is located and such research occurs.”
The law also requires that the grow sites be certified by—and registered with—their state.
A bipartisan group of U.S. senators introduced the Industrial Hemp Farming Act of 2015 that would allow American farmers to produce and cultivate industrial hemp. The bill would remove hemp from the controlled substances list as long as it contained no more than 0.3 percent THC.
The U.S. Department of Agriculture, in consultation with the U.S. Drug Enforcement Agency (DEA) and the U.S. Food and Drug Administration, released a Statement of Principles on Industrial Hemp in the Federal Register on Aug 12, 2016, on the applicable activities related to hemp in the 2014 Farm Bill.
Thirty eight states and Puerto Rico considered legislation related to industrial hemp in 2017. These bills ranged from clarifying existing laws to establishing new licensing requirements and programs. At least 15 states enacted legislation in 2017 — Arkansas, Colorado, Florida, Hawaii, North Dakota, Nevada, New York, Oregon, South Carolina, Tennessee, Virginia, Washington, West Virginia, Wisconsin and Wyoming. Florida, Wisconsin and Nevada authorized new research or pilot programs. The governors of Arizona and New Mexico vetoed legislation, which would have established new research programs.
Hemp is the unknown superfood. I was recently speaking with a world class fitness expert and was telling him about the protein content of hemp and he asked me, “Why don’t I know about this?” The hemp seed and the oil derived from the seed is an excellent source of protein and the two essential fatty acids (Omega-3 and Omega-6). Hemp seeds can be found in national health food and supplements retailers. Well known national cosmetic and personal care product companies have infused hemp into some of their best selling products. The stalk of the hemp plant contains two types of fiber. The outer fiber or bast fiber can be processed into long strands which can then be used for textile manufacturing. The inner core which resembles wood can be used for animal bedding. The hemp stalk can also be used as a key component in paper manufacturing. After all, early United States currency was printed on hemp paper and so was the Declaration of Independence.
NATERATM CBD is Naturally Splendid’s division focused on cannabinoid based products. Cannabidiol is one of at least 60 active cannabinoids identified in both cannabis and industrial hemp. It is a major constituent of both plants, although the percentages of total composition can vary greatly from strain to strain. Cannabidoil is non-psychoactive while having the potential to possess a variety of therapeutic properties in many medical conditions including cancer, epilepsy, anxiety, pain and many others.
Here is a link to their website and I’ll be posting more:
http://www.naturallysplendid.com
June 26th, 2018 - #NaturallySplendid Announces 100k Purchase Order with National Distributor #Sales #Revenue #Distribution #Investing #Cannabis #NateraLife #ElevateMe #Innovation
Company CEO Douglas Mason states, “Our retail brands have been gaining traction both domestically and internationally and we see demand for these offerings increasing as we begin to enter new markets. NSE currently has numerous products under development and we anticipate these will be well received by our customers and clients. Mr. Maddox has done an exceptional job introducing the NATERA® brand to new distributors, which compliments the offering of the Elevate Me™ brand with a wide range of products to offer.
"Additionally, there has been increased interest in the CBD (cannabidiol) infused bars market which Naturally Splendid is uniquely positioned to penetrate with our combination of bar and hemp expertise as well as our pending Dealer’s License. It has been our strategic goal to build line extensions from the existing bars being made at ProSnack, and expand that line to incorporate the nutritional benefits of hemp, combined with the nutraceutical potential of CBD.”
Read the full press release here:
https://web.tmxmoney.com/article.php?newsid=5945272935437270&qm_symbol=NSP
Real quiet here for awhile. Maybe it is time for some serious NSPDF news.
Thanks me too. Should diversify a little. Got some IVITF which is Canadian grower which I I believe is severely undervalued. Might just wait Ev$0 for Q report and add more.
They seem to be developing a market for CBD in Korea. I like the international exposure. DD on this is scarce as hens teeth.I don't have a big position here, caught it cheap and tucked away.All, my money tied up to another stock....hehe.
Totally like what I have seen here. Looking for share structure. O/S & A/S?
I noticed sales have dropped over the last 2 years. However, I noticed they just got $3.2 Mil Any idea on what they plan on doing with this money?
Picked up another 11,000 on the cheap, love flying under radar. Will not last though. Hang tight, up from here.IMO, sagedono
Just a little giant in the making. Cannot find many of these under 250 million cap and when they get there stride it will see the 5-10x like all the others did.
THIS LITTLE GIANT IS WAKING UP! Do your DD and see.sagedono
Hang in there THM1012. I have watched this for some time now. The longs will be rewarded.
Is NSPDF getting bought soon? I guess we wait and see.
Thought that was happening on the last spike. may have to wait a little again.
I can't believe this stock is still relatively off the radar. Just a matter of time and this will soon see multiples in PPS. sagedono
Naturally Splendid Reports $7.34 Million in 2016 Revenue
Marketwired MarketwiredApril 28, 2017
VANCOUVER, BRITISH COLUMBIA--(Marketwired - Apr 28, 2017)
- Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (TSX VENTURE:NSP) (NSPDF) (50N.F) is pleased to announce its financial results for the year ended December 31, 2016. All amounts are in Canadian dollars and are prepared in accordance with International Financial Reporting Standards.
Naturally Splendid recorded $7,346,746 in revenue during 2016. This represents a dramatic increase in revenue compared to 2015, when sales totaled $301,523, a nearly 25 times multiple. The significant increase in top line revenue was mainly due to bulk sales of hemp products to Korea and to the Company's subsidiary POS-BPC commencing operations in the second quarter of 2016. We have also seen our retail brands, NATERA®, CHII™ and PawsitiveFX™ begin to contribute more than years prior as these brands gain market share.
Gross profit for 2016 amounted to $1,234,571 or 16.8% of sales and net loss was $2,775,579. These amounts also represent significant improvements over 2015 gross profit of $39,848 -- 13.2% of sales and net loss of $6,981,286.
Naturally Splendid CEO Dave Eto states, "2016 was an incredible growing experience. An organization doesn't expand as quickly as we did without both learnings and opportunities. On the learning side we realized how competitive the South Korean marketplace can be and focusing on the commodities can not be the sole purpose of our business model. On the opportunity side, we've establish a very solid business reputation with South Korean distributors who are interested in other products we deliver; secured excellent relationships with Canadian and foreign government trade agencies that seek to work with us because of our Asian knowledge; and allowed NSE to be opportunistic and nimble when evaluating other opportunities like HempOmega™ and CBD -- our key focusses in 2017."
Mr. Dave Eto adds, "We are very excited for our biotech products this year, which will give us an advantage to new accounts and by leveraging these in Business to Business applications like Canature and Laguna Blends. NSE is able to develop both domestic and international sales, as we see new opportunities for HempOmega™ developing."
Mr. Dave Eto closes by saying, "I'd like to thank our partners, suppliers, clients and shareholders for your continued support and engagement as we embark on an exciting 2017."
Naturally Splendid's unaudited condensed financial statements and management's discussion and analysis have been filed on Naturally Splendid's profile on the SEDAR website.
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 six innovative divisions: (1) Natera® brand of retail hemp superfood products currently distributed throughout North America and Asia; (2) Chi Hemp Industries Incorporated (Chii) is selling natural and organic hemp products through e-commerce (3) PawsitiveFX® brand of pet care products; (4) Natera®Ingredients, division of plant-derived bulk ingredients including patent-pending HempOmega™; (5) POS-BPC Facility a 12,000-square-foot facility which is managed for Naturally Splendid by POS Bio-Sciences -- is positioned to offer commercial-scale custom processing solutions for biological materials, such as functional foods and natural health ingredients to a wide range of clients; (6) Naturally Splendid USA offers, Natera®CBD brand of retail hemp based cannabinoid nutraceutical and cosmeceutical products and Natera®Skincare brand of retail hemp based cosmeceutical products. Naturally Splendid`s advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.
On Behalf of the Board of Directors
Mr. Dave Eto
CEO, Director
Read More
14,000,000 hit open market today
If they are such a good company why are they trading on pink sheets at least be qb or qx
Small float MJ Canadian stock, loving it !
NSPDF$$$
You called it.. Been watching. So many "Green" stocks, not enough money to get 'em all. Might try to get in on a dip. NSPDF
NSPDF: 2016 Sales growth 2,350% Growth
July 15, 2016 08:16 ET
- Before market open today, NSP disclosed total sales to date in 2016: $7.1 million CDN.
- This is a highly significant number as the company previously reported sales of $1.4 million CDN in the first quarter of 2016.
- The 2nd quarter recorded sales of $4.2 million CDN, which is a remarkable 200% increase to the first quarter.
- On June 20, NSP announced a Purchase Order of $1.45 million CDN, to be filled in the 3rd quarter.
- In comparison, NSP recorded audited gross annual sales of $235,000 CDN in 2014.
- In 2015, the audited gross sales increased by nearly 30% to $301,705 CDN.
- To date, the company has exceeded 2015 gross sales by over 2,350%.
VANCOUVER, BRITISH COLUMBIA--(Marketwired - July 15, 2016) - Naturally Splendid Enterprises Ltd. (TSX VENTURE:NSP)(OTCQB:NSPDF)(FRANKFURT:50N) ("NSP") is positioning itself to export healthy foods and value added natural formulations globally. The global functional, allergen-free, organic and other healthy foods market will push through the $1 trillion (EUR770 billion) mark for the first time in 2017, as consumer interest in preventing illness via foods snowballs, says Euromonitor International. According to NSP:
"We looked at the history of hemp and came to one clear conclusion - it was time for a radical change."
In consideration of today's remarkable sales figures, which the market obviously didn't expect, NSP's share price potentially offers an outstanding opportunity at the very moment.
With only 57.4 million shares issued and outstanding, NSP is currently valued at $15.5 million CDN. If the sales figures of the first two quarters are any indication for the last two quarters, NSP may bag total sales of $11.2 million CDN in 2016: A spectacular sales increase of 3,609% over 2015.
With an implied enterprise value ("EV") of $15.5 million CDN and projected sales of $11.2 million in 2016, NSP enjoys an EV/Sales multiple of only 1.4x.
According to data from New York's Stern University, the following sectors had EV/Sales multiples significantly higher than NSP's current multiple of 1.4x:
Drugs (Biotechnology): 8.32x
Drugs (Pharmaceuticals): 4.76x
Healthcare Products: 3.75x
Average of all sectors: 2.65x
Therefore, when applying a conservative EV/Sales multiple of 2.65x, NSP's stock would trade close to $0.54 CDN/shares (+89% from current price). When applying a multiple of 5x, as being the case with drugs, NSP would be fairly valued at $0.96 CDN/share (+257% from current level). In case management succeeds in growing Q3/4 sales figures stronger than Q1/2, an even higher valuation appears plausible. As per today's news, NSP may exceed expectations again. The hemp/cannabis and healthcare sector is gaining momentum again, not only in North America but on a global scale, and as such an increased investor's interest is expected in the foreseeable future.
CEO Craig Goodwin said in today's news release:
"We are off to a good start for Q3. Having already secured a Purchase Order for $1,450,000 for Q3, Naturally Splendid is on pace to equal the sales performance of Q2. Our goal is to exceed our Q2 sales figures through increased export activity, increased retail sales, as well as securing additional clients and optimizing operations at POS / BPC. We are definitely pleased with the increase in our gross sales throughout our divisions. More importantly, we believe the Company is reaching the stage of being cash flow positive on a consistent basis. This is due in fact to not only the increased gross sales, but also increasing margins as scales of economy begin to show a positive effect on our bottom line. As the Company approaches being cash flow positive, we can begin to focus more attention and resources towards the lucrative omega markets globally with HempOmega® and also begin to focus attention on the positively evolving cannabinoid opportunities in the United States, specifically focusing on the Cannabidiol (CBD) markets."
According to today's news:
"Naturally Splendid is experiencing growth in gross sales in many of its divisions. The most significant growth has been in the export division where South Korean exports have exceeded initial projections by over 400% to date. However, the overall increase in gross sales can be attributed to several factors including Naturally Splendid's retail lines NATERA®, Chii™ and Pawsitive FX™ which are showing consistent growth in sales. As reported earlier, the Company is pleased to confirm that in Q1 2016 their majority owned subsidiary, POS / BPC Manufacturing Corp. ("POS / BPC"), completed the preparation/training work to begin normal manufacturing status at this facility and has begun manufacturing for multiple clients. The POS / BPC facility will add additional revenue to Naturally Splendid in 2016. The 12,000-square-foot POS / BPC Facility - which is managed for POS / BPC by POS Bio-Sciences - is positioned to offer commercial-scale custom processing solutions for biological materials, such as functional foods and natural health ingredients to a wide range of clients. POS / BPC came on line March 28, 2016 having spent Q1 completing significant upgrades to the facility. In Q2, the first quarter that POS / BPC has been operational, the facility grossed in excess of $390,000 and is expected to be cash flow positive in 2016. Management expects gross revenue for POS / BPC to increase in Q3 and Q4."
To view the first graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/nsp0714graph1.jpg.
To view the second graph associated with this release, please visit the following link: http://media3.marketwire.com/docs/nsp0714graph2.jpg.
In a 2013 Nutraceuticals World article it was reported:
"Omega production is forecast to grow a mammoth 32.8% annually in volume (15.1% in value) by 2018, by which time 3.3 million metric tons worth $9.1 billion will be produced. "Plant omega 3 production value is expected to grow twice as fast as marine during the next five years," Mr. Bender predicted. "As a result, by 2018, plant omega 3s will account for 52% of production value compared to 48% for marine. Plant omega 3s will benefit from consumers' desire to get away from animal based products."
Naturally Splendid is positioned to be at the forefront of this opportunity and intends to capitalize on this shift for omega sources.
Goodwin summarizes:
Our success exporting to South Korea is just the beginning. The South Korean opportunity secures Naturally Splendid a foothold in the growing Asian health and wellness market and we are experiencing increased interest for our products in Asia since attending tradeshows as official Members of the Canadian Trade Delegation in Singapore and Seoul and more recently as official Members of the Premier's Trade Mission to Seoul, Manila and Tokyo, which was lead by British Columbia's Premier Christy Clark. The success that we have had in South Korea creates the opportunity to increase our exporting sales by expanding to additional countries not only in Asia but globally, as well as adding additional product offerings such as hemp protein, hemp oil and HempOmega®. However, we are not limited to just hemp products. We are pursuing numerous opportunities to introduce additional food products outside of hemp into our exporting offerings, utilizing in part the same successful product launch strategy executed with our shelled hemp seed hearts in South Korea."
About Naturally Splendid Enterprises Ltd. ("NSP"):
NSP 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.
NSP currently has six innovative divisions:
(1) Natera® brand of retail hemp superfood products currently distributed throughout North America and Asia;
(2) Chi Hemp Industries Incorporated (Chii) is selling natural and organic hemp products through e-commerce;
(3) PawsitiveFX® brand of pet care products;
(4) Simlpi Plant-Based Ingredients Division of plant-derived bulk ingredients including patent-pending HempOmega®;
(5) The 12,000-square-foot POS / BPC Facility - which is managed for Naturally Splendid by POS Bio-Sciences - is positioned to offer commercial-scale custom processing solutions for biological materials, such as functional foods and natural health ingredients to a wide range of clients;
(6) Hemp-based cannabinoid 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.
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.
Recommended Articles:
June 17, 2016: Q&A from Stockhouse Publishing
February 2016: Peter Epstein Article Part 1
March 13, 2016: Peter Epstein Article Part 2
Recommended Videos:
Naturally Splendid Video Introduction 2016
Naturally Splendid - TSX-VENTURE 50 - 2016
HempOmega™ Informational Video
Naturally Splendid Korean Purchase Order 2016
Lotte Home Shopping Launches Paleo-NATERA® in Korea
CEO Craig Goodwin Interview with SmallCap-Investor TV
NSP's Websites:
www.naturallysplendid.com
www.hempomega.com
www.simpliingredients.com
www.nateralife.com
www.pawsitivefx.com
www.chii.ca
History:
NSP was very active in 2015, completing several acquisitions and initiating multiple new revenue streams. NSP is forecasting substantial growth in all of its divisions in 2016, and the company has already exceeded internal expectations early in 2016.
February 3, 2016:
NSP announced having received a $924,000 CDN Purchase Order for hemp food products from a Korean company.
March 31, 2016:
NSP announced having exceeded total 2015 gross sales by 250% in the first quarter of 2016.
May 4, 2016:
NSP announced its Purchase Orders exceeded $3 million CDN to South Korea.
May 18, 2016:
NSP announced to accompany Premier Christy Clark on trade mission to key markets in Asia.
June 20, 2016:
NSP secured an additional $1.45 Purchase Order for export (export Purchase Orders to date exceeded $5.7 million CDN in 2016).
This is a great opportunity to be looking into NSP at an advanced stage of the company's development. The company's flagship ingredient (HempOmega™) is commercializing and beginning to create new opportunities and new revenue streams for NSP.
This adds to the existing revenue streams the company has established already with Natera™, PawsitveFX™, CHII Hemp, Laguna Blends Inc.(client), and bulk export of plant-based ingredients/food products through Simpli Ingredients, NSP's bulk division.
NSP is also generating revenue through their majority owned POS-BPC (Bio-Processing Centre) located in Saskatoon, Saskatchewan, where NSP has multiple clients processing in the facility for a toll.
In 2015 NSP secured a CBD distribution agreement with from Medropharm, a Swiss supplier of high grade CBD (Cannabidiol) which NSP has already begun marketing in the USA. NSP also finalized the 51% acquisition of the POS-BPC (Bio-Processing Centre) a manufacturing facility in Saskatoon, Saskatchewan, a 12,000 square foot facility located on the university grounds, where the company can conduct extraction and formulation of its own products and technology, and also toll process for other client's requirements.
NSP also announced its first major purchase order last year for $100,000 CDN from Laguna Blends, which incorporates the companies Omega technology and is part of a $1.6 million sales agreement with Laguna Blends.
NSP announced at the end of 2015, that it finalized the acquisition of Chi Hemp Industries Inc., an online hemp company with over $300,000 CDN in yearly revenues that is cash flow positive today.
NSP announced in early 2016, it has entered into an (LOI) with the Coco's Pure Beverage Company, to co-develop a unique product line of coconut based retail products infused with HempOmega™.
On February 3rd, 2016, NSP announced a Purchase Order for hemp food products worth $924,000 CDN, with a South Korean based distributor (Korean Beauty & Health Care Co.). Delivery of the $924,000 CDN Purchase Order has been finalized as of the end Q1, March 2016.
NSP was recently pleased to announce that it has exceeded its total 2015 gross sales by +250% in the first quarter of 2016.
NSP announced on May 4, 2016, that its Purchase Orders to South Korea have exceeded $3 million CDN since February 3, 2016. The company also announced that it will be expanding its operations with a move to a larger facility in July of 2016.
On June 20, 2016, NSP announced it secured an additional $1.45 million CDN Purchase Order for export, and export Purchase Orders to date have exceeded $5.7 million CDN.
The company is projecting it can increase its revenues and build shareholder value, by obtaining new clients in the food/food ingredient, beverage, nutraceutical, cosmeceutical, pet food/pet care, and livestock feed industries.
NSP is a multifaceted biotechnology company developing, commercializing, producing, selling, and licensing an entirely new generation of hemp-derived, high quality, nutrient-dense Omega foods, nutritional food enhancers, and related products.
NSP and its partners are building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of Cannabis Sativa, industrial hemp, and cannabinoid (CBD) compounds in a broad spectrum of applications.
NSP is currently innovating in five related industries: nutritional biotechnologies, cannabinoid pharmaceuticals and nutraceuticals, and retail superfood and supplement consumer products under its NATERA™ brand, also wholesale hemp products sold via e-commerce through CHII Hemp Industries, and premium pet food and care products under its PAWSITIVE FX™ brand.
As well through hemp and plant-based bulk sales though NSP's Simpli Ingredients division, and plant to product processing through its majority owned POS Bio Processing Centre (POS-BPC).
1. HempOmega™ & Nutritional Biotechnologies (100% owned by NSP)
NSP is producing scientifically proven, functional plant-based Omega 3-6-9 ingredients. These plant-based Omegas directly solve major issues inherent in marine-sourced omegas, including bioavailability, environmental sustainability, taste, and smell. In addition, these plant-based omegas can be added to virtually any food as a powder, aqueous solution, or as an ingredient added to stand alone products, thereby markedly enhancing the nutrient value. NSP's plant-based omega offerings include HempOmega™, H2Omega™, ChiaOmega™, FlaxOmega™, CanolaOmega™, and AlgaeOmega™. Potential product categories include pet foods, body products, livestock feeds, cosmeceuticals, and CBD infused pharmaceuticals and nutraceuticals. Chickens that were fed HEMPOMEGA™ as an additive in their feed, had tests that produced the following highlight results: 527% increase in the omega-3 content of the eggs; 272% increase in the omega-3 content of the meat; lowered trans fats in the chickens by 5%.
2. POS-BPC Manufacturing Corp. (a Processing and Manufacturing Facility; 51% owned by NSP)
Based in Saskatoon, Saskatchewan NSP's POS Bio Processing Centre (POS-BPC) is the perfect platform for launching products that leverage the company's proprietary omega extraction and formulation technologies. POS-BPC operates its 12,000 square foot facility containing approximately 60,000 liters of tankage, a fractional distillation system, evaporation equipment, spray drying equipment, a ring dryer, and various other pieces of complementary and auxiliary equipment. POS-BPC is capable of processing a variety of products, including plant-based omega technologies such as Naturally Splendid's own HempOmega™. Additionally, the BPC facility is designed to produce plant-based extracts, tinctures, and dry ingredients in order to serve a wide variety of client requirements. NSP also has in place a strategic cooperation agreement with Nature's Health Products Canada Corp., a member of the POS Group of Companies based in Saskatoon. This important partner has been in business for over 35 years and has over 600 major customers worldwide. NSP has gained the ability to seamlessly coordinate entire plant-to product processes. From sourcing bio-active, plant-based ingredients to overseeing toll processing, formula development, and the creation of custom ingredient solutions, NSP offers its clients the convenience and advantages of a comprehensive, "one-stop" service provider.
3. Simpli Ingredients (100% owned by NSP)
Simpli Ingredients is NSP's wholesale ingredients division, specializing in hemp and plant based ingredients, which are globally and ethically source and processed in Canada in state of the art bio-sciences and dedicated hemp processing facilities in Saskatoon.
4. Naturally Splendid USA (100% owned by NSP)
Naturally Splendid USA is a wholly owned U.S. subsidiary of Naturally Splendid Enterprises Ltd. NSP-USA is a provider and distributor of products and ingredients derived from industrial hemp. They are dedicated setting new industry standards for sustainability, safety, and quality. NSP encourages an educated, scientific approach to the industrial hemp and cannabinoid industries to develop a clearly defined regulatory environment that will promote consumer safety and corporate accountability.
5. Cannabinoid Nutraceuticals (under development)
The potential value of the hemp crop for medicinal purposes is virtually undiscovered. Industrial hemp is known to be the best source of cannabidiol (CBD), which is known to provide relief from symptoms such as anxiety, stress, seizures, etc. It has been used to treat epilepsy, convulsions and inflammation. In partnership with Boreal Technologies and Full Spectrum Laboratories, NSP is bringing to market a comprehensive suite of CBD-related market-disruptive technologies, including CBD water solubility (a major breakthrough that facilitates major advances in the production of CBD-based medicines and supplements).
6. NATERA™ Superfoods (100% owned by NSP)
The NATERA™ line was launched in 2013. NATERA™ features a broad spectrum of hemp based food products including flavoured hemp seed and protein powders. NATERA™ products are available in retail outlets in Canada and the US.
7. Pawsitive FX™ Pet Care (100% owned by NSP)
Pawsitive FX™ is a Canadian company dedicated to improving the health and happiness of your furry family members. The Pawsitive FX™ line launched in 2015 and features a wide of range of pet care products including a line of nose and paw balms, and will be launching a line of all natural shampoos. NSP proudly ensures that their products use 100% natural ingredients that are not only healthy and safe for pets, but that are also sustainable for the environment. Pawsitive FX™ products are currently available in retail outlets in Canada, and will be expanding into the US market.
8. CHII - Chi Hemp Industries Inc. (100% owned by NSP)
Chi Hemp Industries Incorporated (CHII) is an International Limited Liability Corporation physically headquartered in Victoria, British Columbia, Canada, with warehousing operations in both Victoria, Burnaby, Winnipeg, Manitoba, Canada. This corporation is in the business of growing, supplying, facilitating and diversifying the commercial hemp industry, while encouraging a 100% sustainable approach to all aspects of the agriculture industry and commerce associated with it. CHII was incorporated in May of 1998 and has been actively working to promote the Canadian hemp industry ever since through a grassroots movement to re-educate the public on the many wonderful and beneficial virtues of the hemp seed plant. NSP has worked tirelessly at thousands of live events communicating one on one with tens of thousands of people from all over the world.
http://www.marketwired.com/press-release/naturally-splendid-announces-2016-sales-figures-already-2350-growth-since-2015-tsx-venture-nsp-2142792.htm
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