NATURALLY SPLENDID ENTERPRISES LTD. (“Naturally Splendid” or “NSE”) (TSXV:NSP)(OTC:NSPDF)(FRANKFURT:50N) is pleased to announce that Sipp Industries (“Sipp”) has completed the second run of Major Hemp H-IPA which will be available for immediate distribution upon final bottling and packaging. Major Hemp H-IPA utilizes Naturally Splendid’s propriety microencapsulated hemp oil, HempOmega(TM), in the formula of the beer creating unique, competitive advantages.
Naturally Splendid President Mr. Craig Goodwin states, “We are pleased with the success Sipp has enjoyed and the progress they have made distributing Major Hemp H-IPA beer. The investment made in the development of HempOmega(TM) is now resulting in commercially viable retail products in multiple categories. Products incorporating HempOmega(TM) in their formulations now include beer, sports products, nutritional bars, as well as a practitioner line of therapeutic products. The Company continues to work on multiple HempOmega(TM) opportunities both in house and in conjunction with a variety of strategic alliances.”.
In less than three months since its launch, Major Hemp H-IPA has been placed in over 75 establishments throughout Illinois. With brisk sales momentum and month over month growth, the company is in the midst of hiring a dedicated Sales Executive/Account Manager to conduct new prospect marketing and hemp brew tastings while attending craft beer events around the state. This individual will also manage and expand business with major accounts such as Binny’s Beverage Depot and Armanetti’s, along with new major grocery and convenience store chains that are coming online.
Additionally, Sipp has developed a new, eye-catching, Major Hemp H-IPA label design which can be found on the company’s website and social media. Current buyers are excited about the new label design and Major Hemp’s distributors believe it will further enhance sales within the existing customer base, as well as attract new accounts and patrons.
President Ted Jorgensen of wholly-owned subsidiary, Major Hemp, commented, “We are very excited to have achieved this landmark milestone of attaining over 75 locations in less than 100 days after our launch of Major Hemp H-IPA. Sales have vastly exceeded initial projections and that’s a testament to our combined sales efforts with Wein-Bauer in tandem with the quality of brewing by Church Street. Due to our accelerating growth, by the end of this month we expect to hire a new team member to assist us in the further development and saturation of the Illinois market. Furthermore, we are excited about the recent enactment of federal hemp legalization and the Federal Drug Administration’s (FDA) decision to certify the active hemp ingredient in our beers, hemp seed protein, as a consumable ingredient in the Generally Recognized As Safe (GRAS) category. We believe this will provide a definitive answer for the breweries and distributors that had remained on the sidelines awaiting further clarity on the legality of hemp seed beers, opening up additional business opportunities with well-established partners moving forward this year.”
About Sipp Industries, Inc.
For more information, please visit www. www.sippindustries.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 firstname.lastname@example.org or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
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
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, including its application to obtain a Standard Processing License, 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.
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