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Naturally Splendid listed as key player in hemp seed market.
http://talkinvestor.com/hemp-seeds-market-development-trends-key-manufacturers-and-competitive-analysis-2018-2023/
https://www.otcmarkets.com/stock/NSPDF/news/Naturally-Splendid-Cleared-for-Continued-Trading-On-Frankfurt-Exchange?id=203431
All I've ever seen is trouble from European stock exchanges which I don't believe is good news.
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$$$
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