Naturally Splendid (TSXV:NSP) announced that their majority owned subsidiary, POS BPC Manufacturing Corp., is in the final stages of scaling up the Bio Processing Centre at Innovation Place in order to resume production during the last week of March 2016.
As quoted in the press release:
he 12,000-square-foot POS / BPC Facility — which is managed for POS BPC by POS Bio-Sciences — will, after operations resume, be in a position to offer commercial-scale custom processing solutions for biological materials, such as functional foods and natural health ingredients. As a result of its 2015 acquisition of POS BPC, NSE has the ability, working in conjunction with POS Bio-Sciences, to seamlessly coordinate the entire plant-to-product process by utilizing the expertise of POS Bio-Science’s R&D scientists; from sourcing bioactive, plant-based ingredients, to overseeing toll processing, to formulation, and to creating unique custom ingredient solutions, The relationship among POS BPC, POS Bio-Sciences, and NSE provides Naturally Splendid with the unique opportunity of offering clients the convenience of comprehensive solutions and services.
The POS / BPC Facility contains approximately 60,000L of tankage, a fractional distillation system, evaporation equipment, spray drying equipment, a ring dryer and various other pieces of complementary and auxiliary equipment. It is capable of processing a variety of products including, among others, the suite of plant-based omega technologies such as HempOmega® (www.hempomega.com). Additionally, the POS / BPC Facility is designed to produce plant-based extracts, tinctures and dry ingredients for a variety of clients.
Naturally Splendid Co-Founder, Bryan Carson, stated:
Naturally Splendid’s strategic decision to acquire 51% of POS BPC and gain access to the POS / BPC Facility positions Naturally Splendid to compete in the rapidly growing food, beverage, cosmetic, pet care and livestock ingredients industries.