Naturally Splendid to Ship 20 Tonnes of Hemp to South Korea

Rhea-AI Summary

Naturally Splendid Enterprises Ltd. (OTC:NSPDF) has received a new Purchase Order for 20 tonnes of hulled hemp seed from South Korea, marking its fourth shipment since March 2020. The growing demand for plant-based nutrition supports this initiative, with approximately 1.5 million consumers in South Korea pursuing plant-based diets. The company is focused on expanding its plant-based product offerings and has new product lines nearing launch. Additionally, it has approval for a phase 2 clinical trial for COVID-19 treatment through its joint venture.

Positive

• Received a Purchase Order for 20 tonnes of hulled hemp seed.
• Increasing consumer demand for plant-based nutrition supports business growth.
• Establishment of a new product line, Natera Plant Based Foods, targeting the growing plant-based market.

Negative

• None.

VANCOUVER, BC / ACCESSWIRE / March 10, 2021 / Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (TSX-V:NSP) (OTC:NSPDF) (Frankfurt:50N) is pleased to announce the Company has received another Purchase Order from its roster of clients in South Korea.

This Purchase Order for another 20 tonnes of hulled hemp seed, represents the fourth shipment to South Korea since March 3, 2020.

With the continuing news and activity surrounding increased consumer demand for plant-based nutrition, it is worth noting that hemp has the most digestible protein of any plant on earth. Therefore, these shipments of hulled hemp seed are well aligned with the Company's continued focus on plant-based nutrition.

Company CEO Mr. J. Craig Goodwin states, "According to The Korea Vegetarian Union (KVU) there are approximately 500,000 strict vegans in the country and about 1.5 million who pursue similar diets. The number of ‘flexitarians', those who follow an increased plant-based diet, is rapidly rising as well. It is estimated that as many as 10 million people, representing approximately 20% of South Korea's total population consider themselves flexitarians. This is further evidence that a diet increasingly focused on plant-based nutrition, continues to gain in popularity with consumers over a broad demographic. Naturally Splendid looks forward to pursuing these developing opportunities".

About Naturally Splendid Enterprises Ltd.

Founded in 2010, NSE operates a Safe Quality Food Level 2 certified food manufacturing facility just outside Vancouver, BC in Canada. The Company has established numerous healthy, functional foods under recognized brands such as Natera Sport™, Natera Hemp Foods, CHII, Elevate Me™ and Woods Wild Bar™, and most recently Natera Plant Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.

The Company has a myriad of new products and line extensions under development that are approaching launch. NSE, through its joint venture Plasm Pharmaceutical, has been approved for conducting a phase 2 clinical trial approved by Health Canada for treatment of COVID-19.

NSE has also developed proprietary technologies for the extraction of high-demand, healthy omega 3 and 6 oils from hemp.

NSE contract manufacturers for healthy, functional food products and ingredients focusing on plant-based ingredients. The Company provides contract manufacturing services for many healthy food companies, private labeling a wide variety of nutritional food products destined for global healthy food markets.

For more information e-mail info@naturallysplendid.com or call Investor Relations at 604-673-9573

On Behalf of the Board of Directors
Mr. J. Craig Goodwin
CEO, Director

Contact Information
Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 465-0548
Fax: (604) 465-1128
E-mail: info@naturallysplendid.com
Website: www.naturallysplendid.com

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, 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.

NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

SOURCE: Naturally Splendid Enterprises Ltd.

View source version on accesswire.com:
https://www.accesswire.com/634652/Naturally-Splendid-to-Ship-20-Tonnes-of-Hemp-to-South-Korea

FAQ

What is the recent Purchase Order by Naturally Splendid (NSPDF)?

Naturally Splendid has received a Purchase Order for 20 tonnes of hulled hemp seed from South Korea.

How many shipments has Naturally Splendid sent to South Korea?

This Purchase Order marks the fourth shipment of hulled hemp seed to South Korea since March 2020.

What market trend is benefiting Naturally Splendid (NSPDF)?

The rising demand for plant-based nutrition is benefiting Naturally Splendid's business.

What new product lines is Naturally Splendid developing?

Naturally Splendid is developing new product lines, including Natera Plant Based Foods, targeting the plant-based market.