Naturally Splendid (TSXV:NSP) announced a Letter of Intent has been executed with Korean based distributor, Agrio Co., Ltd. to market the 100% owned NATERA® hemp food retail line and the 100% owned PawsitiveFX™ pet care line throughout South Korea.
As quoted in the press release:
Agrio is dedicated to importing high quality products through long-term relationships with overseas partners. Agrio has successfully signed multiple exclusive supplier contracts in China, Russia, Thailand and Canada. Agrio produces and distributes organic feeds and is currently expanding their field of business, including high quality hemp products from North America.
Additionally, Agrio is a leading corporation in the field of farm management and supporting service in South Korea. Agrio is involved with various aspects of farm management systems including raw-material production, distribution, e-commerce, marketing and consultation.
NATERA® (www.nateralife.com) is the Company’s retail hemp food line that consists of a variety of naturally flavoured hemp seeds and proteins produced from 100% Canadian grown and processed hemp. The Company has three (3) flavours of hemp seed and four (4) flavours of hemp protein. The products are all natural and GMO free.
Pawsitive FXTM (www.pawsitivefx.com) is the Company’s retail line of all natural balms for dogs. Current product offering includes Happy PawsTM, Strong PawsTM and Happy SnoutsTM. Additionally, Naturally Splendid is in the process of developing a HempOmega™ infused line of dog food and treats. Testing on the manufacturing process was a success and the Company will be embarking on a canine trial to determine the efficacy when fed to dogs. Upon completion of the canine trial, the Company expects to add an omega dense line of dog food to its retail offering.
Naturally Splendid VP of Operations, Bryan Carson, stated:
This is further evidence that the same healthy diet trends that are prevalent in North America, exist across a wide geographical and ethnic band width.