NATURALLY SPLNDD ENTPRSE - NSPDF STOCK NEWS

Naturally Splendid Enterprises Ltd. has announced the shipment of a container of Plantein Plant-Based Foods, following positive responses at recent trade shows. The shipment, which left Australia on May 31, 2022, is expected to arrive in about four weeks. This order indicates anticipated demand for the company's plant-based products, especially after showcasing them at the Canadian Health Food Association and Grocery & Specialty Food West shows in April. The company's facility, located in Pitt Meadows, BC, is prepared to support this demand as it aims to convert trade interest into retail and food service business.

Naturally Splendid Enterprises Ltd. (OTC PINK:NSPDF) provided a status update regarding its compliance obligations under National Policy 12-203 following a management cease trade order (MCTO) from the British Columbia Securities Commission. The MCTO restricts insiders from trading until audited financial statements for the year ended December 31, 2021, are filed. No material changes have occurred since the last update on April 14, 2022. The company aims to complete filings by June 30, 2022, and will provide periodic updates to shareholders.

Naturally Splendid Enterprises Ltd. (OTC:NSPDF) has received approval for a temporary management cease trade order (MCTO) from the British Columbia and Alberta Securities Commission due to disclosure defaults. The MCTO will restrict trading by the CEO and CFO until required filings are completed, expected around June 30, 2022. However, the general public can still trade the company's securities. CFO George Ragogna confirmed ongoing efforts to meet the requirements and keep shareholders informed. Naturally Splendid specializes in plant-based foods and operates a certified manufacturing facility.

Naturally Splendid Enterprises Ltd. (NSPDF) announced plans to apply for an extension of the expiry date of 26,321,516 common share purchase warrants from June 4, 2022, to June 4, 2023. The exercise price of $0.055 remains unchanged. This extension requires approval from the TSX Venture Exchange. The company, founded in 2010, focuses on plant-based foods, operating a certified facility near Vancouver and holding a significant distribution agreement with Flexitarian Foods Pty. Ltd.

Naturally Splendid Enterprises Ltd. (OTC PINK:NSPDF) showcased its Plantein^TM line of plant-based entrees at the Grocery & Specialty Food West trade show on April 25-26, 2022. The company aims to expand distribution following the trademark securing in Canada. CEO Craig Goodwin emphasized the importance of trade shows for product exposure. The initial Plantein^TM launch features eight plant-based products, including burgers and tenders. The company also maintains a partnership with Flexitarian Foods for manufacturing and distribution in Canada.

Naturally Splendid Enterprises Ltd. has entered into a National Food Service Broker Agreement with Tri-Elite Marketing Ltd. to market its Plantein line of plant-based entrees across Canada. Tri-Elite will work to secure listings at food service establishments and will showcase Plantein at the Canadian Health Food Association trade show on April 23-24. The partnership is expected to enhance sales and distribution efforts. Naturally Splendid operates a certified facility near Vancouver and has a 10-year manufacturing agreement with Flexitarian Foods for plant-based products.

Naturally Splendid Enterprises Ltd. (OTC PINK:NSPDF) will present its Plantein line of plant-based entrees at the Canadian Health Food Association (CHFA) trade show on April 23-24, 2022. This event is Western Canada's largest natural and organic trade show, attracting major retailers. The Plantein line features eight entrees, including burgers and tenders. The company has exclusive manufacturing and distribution rights in Canada through a partnership with Flexitarian Foods for an initial 10-year term. This strategic position aims to tap into the growing market for plant-based foods.

Naturally Splendid Enterprises Ltd. has applied for a temporary management cease trade order (MCTO) from British Columbia and Alberta Securities Commission due to its inability to file audited financial statements by the May 2, 2022 deadline. This delay is caused by the resignation of the former auditor. The MCTO will bar trading by the CEO and CFO until required filings are made, but public trading can continue. The company expects to meet compliance by June 30, 2022. CFO George Ragogna highlights operational reviews and efficiencies, and the firm has extended its agreement with Flexitarian Foods, enhancing its position in the plant-based market.

Naturally Splendid Enterprises Ltd. has secured exclusive rights to the Plantein trademark in Canada through an agreement with Flexitarian Foods Pty. Ltd. This partnership allows Naturally Splendid to manufacture and distribute a range of plant-based products over an initial 10-year term. The Plantein brand, which has gained popularity in Australia, will enhance Naturally Splendid's product lineup, initially offering eight SKUs like burgers and tenders. The company aims to leverage its extensive distribution network to introduce Plantein to retail and foodservice sectors across Canada.