VANCOUVER, BRITISH COLUMBIA–(Marketwired – Jan. 25, 2017) – Naturally Splendid (TSXV:NSP) is pleased to announce that it has signed an Assignment Agreement with Eat Real Snack Food Canada Ltd. (“ERSF”) whereby Naturally Splendid will assume all lease payments to acquire certain packaging equipment owned by ERSF (the “Packaging Equipment”).
In consideration of Naturally Splendid’s assumption of the lease, Naturally Splendid will make all future monthly lease payments of $9,765 per month until May 2022 after which the Packaging Equipment will be 100% owned by Naturally Splendid, Naturally Splendid has paid $56,698 to ERSF and issued 289,855 common shares of Naturally Splendid to ERSF. ERSF initially purchased the packaging line for over $2,000,000 CDN in 2014.
In conjunction with the assignment agreement, Naturally Splendid has entered into a three year service agreement whereby Naturally Splendid will package for ERSF.
Service Agreement
The parties have entered into a service agreement whereby Naturally Splendid will provide packaging and storage services to ERSF for a period of three years and ERSF will commit to a guaranteed minimum of $14,500 per month of packaging services during the term.
The acquisition of this comprehensive packaging system continues Naturally Splendid’s strategy of becoming more vertically integrated. Naturally Splendid CEO Dave Eto states. “We are excited to work with ERSF and will to continue to develop our business relationship through new and creative products. This opportunity will compliment our internal packaging needs for hemp seed and protein business for the NATERA and CHII brands and it also provides capacity for co-packaging opportunities with other BC businesses. In my past role as President of the BC Food Processors Association (BCFPA), which has over 300 members, it was made abundantly clear to me that there is currently a serious shortage of co-packing capacity in BC”.
Mr. Eto adds, “While co-packing is a key component of our current business model, it is not the major focus for the majority of our business growth. The implementation of the packaging line will assist the growth of revenue for Naturally Splendid. I’m most excited about the opportunities to engage packaging customers with an expanded roster of ingredients including HempOmega®. This will create new opportunities for their products, develop more product applications and showcase to the industry how HempOmega® will add value to their offerings. We are currently in advanced discussions with a number of potential co-packing clients and partners that market their products domestically and for export. This presents an opportunity to expand our own marketing reach dramatically, through our newly acquired packaging division“.
Packaging Equipment
The packaging equipment includes the following:

  1. Fully Automated Standalone Zipper Bag Manufacturing and Packaging System
  2. Fully Automated Jar Manufacturing System
  3. Fully Automated Jar Packaging Line
  4. Fully Automated Dry Food Packaging System
  5. Automated Seasoning Packaging System
  6. Automated Powder Packaging System
  7. Box Making Line
  8. Overwrapping System

About Eat Real Snack Foods
Eat Real Snack Foods (ERSF)( ) is a Canadian company that markets a healthy line of snacks. Their fruit and nut bars are based on three very simple concepts that are; Taste; Nutrition; and Real Ingredients. The desire of ERSF is to create a product that is an enjoyable healthy alternative to standard snack and confectionery items and to distinguish themselves from other brands that offer less nutritious products. The products are made from real, natural ingredients with no added artificial flavourings, colourings or preservatives. ERSF President Mr. Ammar Jeet Singh states, “We are so pleased with the opportunity to work with Naturally Splendid. This transaction allows ERSF to focus on expanding our international presence. By focusing on international sales, we believe there is an opportunity to drive additional ERSF packaging business to Naturally Splendid“.
Read the full company profile.
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) Simpli 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. 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.
For more information e-mail or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Dave Eto, CEO, Director
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, the 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.
Naturally Splendid Enterprises Ltd.
Office: (604) 465-0548
Fax: (604) 465-1128
Connect with Naturally Splendid (TSXV:NSP) to receive an Investor Presentation.

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco” or the “Company”), one of the largest vertically integrated multistate cannabis operators in the United States, announced today its participation in the following investor conferences:

  • Needham 2nd Annual Virtual Cannabis Conference – March 3 rd , 2021 – Management will participate in virtual one-on-one meetings.
  • 33rd Annual Roth Conference – March 15 th -17 th , 2021 – Charlie Bachtell, CEO and Co-Founder, will participate in a Fireside Chat and management will later participate in virtual one-on-one meetings on April 7 th .
  • Stifel Multi-Sector Conference – April 21 st , 2021 – Management will participate in virtual one-on-one meetings.

About Cresco Labs

Keep reading... Show less

Green Thumb Industries, a leading cannabis consumer packaged goods company and owner of Rise™ Dispensaries, is expanding key partnerships and creating scholarships earmarked for those from communities most impacted by the war on drugs as part of its corporate social responsibility program. The scholarships will be granted to a total of four students for programs at the Cleveland School of Cannabis in Ohio and Olive-Harvey College in Illinois. Additionally, Green Thumb will continue its support of Cabrini Green Legal Aid and partner with the North Lawndale Employment Network in Chicago as part of ongoing collaborations that include financial support, volunteerism and awareness initiatives.

Building on the foundation of Green Thumb’s LEAP initiative, which provided pro-bono support for social equity license applicants in Illinois and which will soon offer business incubator resources to newly awarded social equity entrepreneurs, these impactful partnerships mark a critical next step in prioritizing diversity, equity, and inclusion in the cannabis industry.

Keep reading... Show less

All five flavours of the Company’s KOIOS™ nootropic beverage product are now being carried by Jensen’s, a regional supermarket chain operating in the San Diego, Los Angeles, and Palm Springs areas of Southern California. This placement of KOIOS™ follows several other recent placements of the Company’s beverage products in regional supermarket chains across the United States as part of a strategy to passively build market share in specific geographical areas.

Koios Beverage Corp. (CSE: KBEV; OTC: KBEVF) (the “Company” or “Koios”) is pleased to announce that the full range of five flavours of its KOIOS ™ nootropic beverages can now be purchased at all grocery stores operated by Jensen’s Foods (“Jensen’s”), a long-established family-owned grocery chain operating in the San Diego, Los Angeles, and Palm Springs areas of Southern California. In a press release dated February 19, 2021 the Company announced another chain-wide placement of KOIOS ™ nootropic beverages on the west coast of the United States with Market of Choice in Oregon. With this placement of KOIOS ™ in Jensen’s supermarkets, the Company’s beverage products are now carried in approximately 180 retail stores on the west coast, out of a total of more than 4,000 retail stores nationwide.

Keep reading... Show less

 Lobe Sciences Ltd. (CSE: LOBE) (OTC Pink: GTSIF) (“Lobe” or the “Company”) announces that Philip Young, CEO and Director, and Maghsoud Dariani, Chief Science Officer will be presenting on Thursday, February 25th, 2021 at 5:45 pm EST at “The Gold Standard in Psychedelic Investment, Psychedelic Capital Virtual Investment Conference”, a platform showcasing the top companies, latest IPOs, newest opportunities, and deepest industry insights.

As a presenting sponsor, the Company will connect directly with some of the earliest moving investors in the psychedelic industry and reach an audience of 2,000+ investors. Presentations are 30 minutes in length, with 10 minutes allocated to a one-on-one Q&A session with the audience.

Keep reading... Show less

As Canadian operators race to strengthen their positions in the cannabis landscape, are international pursuits outside North America still top of mind?

The role that mergers and acquisitions (M&A) have played in the expansion of Canadian companies across the globe has been monumental for the growth of the cannabis industry. Now the space has reached a critical point as the demands of the US market increase.

Keep reading... Show less