In a recent article Naturally Splendid (TSXV:NSP) CEO and Director Craig Goodwin highlighted how the company is building a portfolio of high quality hemp and plant-based products.
As quoted in the article:

Naturally Splendid has a solid business strategy. We strive to be cash flow positive with our conventional line of natural products through exporting and our retail lines. We plan on building these revenue streams while we pursue the ‘blue sky’ opportunities associated with our omega extraction and formulation technologies and products. We are also well positioned to capitalize on the evolving cannabinoid markets in North America in particular, but also globally as the regulations become more ‘cannabinoid friendly’. We also have majority ownership of a 12,000 square foot processing facility in Saskatoon, Saskatchewan that we can utilize for our own extraction and formulation of plant based ingredients and products such as HempOmega™. This facility can potentially be converted to perform cannabinoid extraction and formulation as the regulatory landscape evolves to allow for such procedures in Canada.
We have made significant progress exporting to South Korea. We initially anticipated exporting 100 tons of shelled hemp seed hearts to South Korea for all of 2016. Since initiating this exporting business in February 2016, we have shipped almost 400 tons of shelled hemp seed hearts for a value approaching $4M CDN.
We are now estimating that we may export upwards of 1,000 tons of shelled hemp seed hearts to South Korea in 2016. Additionally, we will begin to introduce additional products to the South Korean market including HempOmega™.
Now that there we are nearing a cash flow positive position, we can begin to focus more efforts to securing clients and purchase orders for our HempOmega™. With a cash flow positive company, we can also begin to revisit the cannabinoid opportunities evolving in the United States. It seems Naturally Splendid is firing on all cylinders, let’s put this in perspective and talk comparables within your sector.
I believe that most of the ‘heavy lifting’ is done. We have assembled a strong professional team, launched 3 retail brands, secured advanced technologies in the areas on plant based bio-ingredients including omega extraction and formulation, as well as secured significant cannabinoid technologies. We have also bought a majority interest in a processing facility with a replacement cost of $30M Canadian. We have launched an export division and our top line sales have already surpassed all of 2015…and it looks like quarters 2, 3 and 4 will be stronger than Q1.
In short, the Company is much further developed than last year when we traded as high as $1.04 per share. I do believe the future is very bright for Naturally Splendid and its shareholders.

Connect with Naturally Splendid (TSXV:NSP) to receive an Investor Presentation.

Company is strategically building a diverse edibles portfolio with taste-forward and effects-driven products to cater to market and consumer needs

Cresco Labs (CSE:CL) (OTCQX:CRLBF) (“Cresco Labs” or “the Company”), a vertically integrated multistate operator and the number one U.S. wholesaler of branded cannabis products, today announced the launch of Wonder Wellness (“Wonder”) Gummies and availability in Illinois. The new low-dose edibles are enhanced with botanicals to complement the overall cannabis experience, and their simple packaging communicates desired effects so wellness-minded category newcomers can consume with confidence to add cannabis as a part of their daily lifestyles.

Keep reading... Show less

Reports Eighth Consecutive Quarter of Positive Adjusted EBITDA and Positive Adjusted EBITDA from Cannabis Business

 Aphria Inc. (” Aphria ,” ” we ,” or the ” Company “) (TSX: APHA) (NASDAQ: APHA), a leading global cannabis-lifestyle consumer packaged goods company inspiring and empowering the worldwide community to live their very best life, today reported its financial results for the third quarter and nine months ended February 28, 2021 . All amounts are expressed in Canadian dollars, unless otherwise noted and except for per gram, kilogram, kilogram equivalents, and per share amounts.

Keep reading... Show less

Thoughtful Brands, Inc. (CSE:TBI)(FWB:1WZ1)(OTCQB:PEMTF) (the “Company” or “Thoughtful Brands“), an eCommerce technology company that researches, develops, markets, and distributes natural health products through various brands in North America and Europe, announces that it intends to consolidate its issued and outstanding common shares (“Shares”) at a ratio of ten (10) pre-consolidated Shares to one (1) post-consolidation Share (the “Consolidation

The Company currently has 389,274,701 Shares issued and outstanding. Following the Consolidation there will be approximately 38,927,470 Shares issued and outstanding. No fractional Shares will be issued and any fractions of a Share will be rounded down to the nearest whole number of Shares. The exercise or conversion price and the number of Shares issuable under any of the Company’s outstanding convertible securities will be proportionately adjusted upon Consolidation.

Keep reading... Show less

In the evolving rush of mergers and acquisitions (M&A) in the Canadian cannabis market, Canopy Growth (NASDAQ:CGC,TSX:WEED) announced it will acquire The Supreme Cannabis Company (TSX:FIRE,OTCQX:SPRWF) in a deal worth approximately C$435 million.

Meanwhile, a cannabis operator in the US confirmed this week that it will receive a financial boost from a partner to solidify its position in the burgeoning Pennsylvania state market.

Keep reading... Show less

The Board of Directors of Aphria Unanimously Recommends Shareholders Vote “For” the Arrangement

Aphria to Host Special Meeting of Shareholders on Wednesday, April 14, 2021 to Approve Proposed Aphria-Tilray Business Combination

Keep reading... Show less