Naturally Splendid (TSXV:NSP) announced it has executed a letter of intent with Thailand-based distributor, Louis T. Leonowens (Thailand) Ltd., to market the 100-per-cent-owned Natera hemp food retail line, as well as the full range of bulk products and bio-active, plant based ingredients that have been compiled by BC Ingredients, a 100 per cent owned Division of Naturally Splendid. The territories will include Thailand, Vietnam and the Philippines.
As quoted in the press release:
With over 100 years of experience in Thailand, Louis T. Leonowens (Thailand) Limited is amongst Thailand’s leading distribution companies, with a longstanding and well-regarded reputation for importing quality products and caring customer service. Louis T. Leonowens (Thailand) Ltd. is a member of the Getz Group of companies a USA based specialties distribution and trading company with operations in over 25 countries around the world with total sales exceeding US$ 300 million per year.
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 industrial hemp.
BC Ingredients (BCI) (www.bcingredients.com) manufactures and supplies high quality bioactive plant-based ingredients available for a broad array of applications, including foods and beverages, nutraceuticals, cosmeceuticals, pet foods and pet care products, and livestock feeds. BCI is also the exclusive source for Naturally Splendid’s HempOmega®, a microencapsulated hemp oil powder that opens completely new avenues of product formulations and enhancements. BCI’s quality ingredients are all natural and GMO-free.
Applications for plant-based bioactive ingredients include functional foods and beverages, personal care, pet products, and livestock feed. Research and Market reports that bio-active ingredients are projected to increase by a growth rate of 7.2% by 2018 to reach $33.6 billion. Data suggests that the Asia-Pacific region is a significant market due to factors such as increasing population, urbanization and disposable income.
Donald Wood, who has been assisting Naturally Splendid as a member of the Advisory Board, will be working directly with Dennis Colon and the Naturally Splendid team in the development of the of BCI opportunity in South East Asia. Mr. Wood has extensive experience working in the SE Asia region having worked with two large consumer goods companies. Previously based in Bangkok, Mr. Wood worked for Nestle SA in the bottled water sector and most recently was consulting for Tipco Foods Group, a large retail consumer goods company based in Thailand. Prior to this Mr. Wood was the CEO / President of Arrowhead Water Product’s ltd. based in Canada.
Naturally Splendid Advisory Board member, Don Wood, stated:
I am very pleased to be working with the Naturally Splendid team developing this opportunity in SE Asia. The region is a dynamic marketplace and I look forward to offering my experience as we begin this process of monetizing the portfolio of products and technologies offered through BCI and Naturally Splendid.