NATURALLY SPLNDD ENTPRSE - NSPDF STOCK NEWS

Naturally Splendid Enterprises Ltd. has successfully closed the second tranche of its non-brokered private placement financing, raising $1,120,455.96 by issuing 37,348,532 Units at $0.03 per Unit. This brings the total proceeds from the entire financing to $3,270,971.34. The funds will be allocated towards new manufacturing equipment and upgrades to produce plant-based entrees under a 10-year agreement with Flexitarian Foods. The first packaging line is operational, with a second line expected by February 2022.

Naturally Splendid Enterprises Ltd. has successfully closed the first tranche of its private placement financing, issuing 71,683,846 Units at $0.03 per Unit for gross proceeds of $2,150,515. Each Unit consists of one common share and one warrant with an exercise price of $0.05. Proceeds will fund new manufacturing equipment, facility upgrades, and general working capital, including management fees of $386,371.71. Insider participation includes the purchase of 7,584,720 Units. Notably, the first packaging line is set to begin operations in January 2022, aimed at enhancing production efficiency.

Naturally Splendid Enterprises announces that NATERA Plant-Based Foods is now offered through DirectFood.store, a local grocery delivery service in British Columbia. This partnership aims to meet the growing demand for plant-based products, with DirectFood.store reporting increasing interest from consumers. The CEO of Naturally Splendid highlights this collaboration as a convenient method to reach over 2.8 million residents in the lower mainland. The initiative supports the ongoing trend toward food delivery services post-COVID, enhancing market presence for Naturally Splendid's plant-based offerings.

Naturally Splendid Enterprises Ltd. (OTC PINK:NSPDF) reported its unaudited financial results for the nine months ended September 30, 2021, showing a net loss of $2,486,566, improved from $3,340,159 in 2020. Sales decreased by approximately $729,000, totaling $619,653. However, gross profit margins increased by 2.4% due to higher margins on plant-based products. The company is retrofitting its manufacturing facility to boost production of plant-based foods and has announced a private placement to fund new manufacturing capabilities.

Naturally Splendid Enterprises Ltd. has announced a non-brokered private placement financing of up to 100 million Units at $0.03 per Unit, aiming for gross proceeds of $3 million. This offering replaces a previously announced one at $0.05. Each Unit includes a common share and a warrant for an additional share at $0.05. Proceeds will be used for a new manufacturing line to produce plant-based food products, facility upgrades, and enhancing operational efficiencies. The upgrades will enable the company to manufacture 10 to 20 tons of plant-based entrees daily.

Naturally Splendid Enterprises Ltd. has partnered with Sealand Quality Foods to offer a variety of NATERA Plant-Based Foods, including burgers and chick-un products. Sealand, Canada's largest home delivery service, aims to meet the increasing demand for plant-based options. Sealand's president highlighted the high standards of taste and quality that NATERA products embody. This collaboration aligns with consumer trends shifting towards online shopping and home delivery. Naturally Splendid, known for healthy food products, is expanding its reach through this partnership.

Naturally Splendid Enterprises Ltd. (OTC:NSPDF) is enhancing its food manufacturing facility to support the expansion of its NATERA Plant Based offerings. A new automated packaging system is being installed to efficiently package various plant-based products for multiple distribution channels, notably retail markets. CFO Bryan Carson emphasizes the system’s flexibility, allowing rapid changes in packaging types, which is crucial for their diverse product range. This upgrade is expected to boost market penetration, especially in Canadian supermarkets.

Naturally Splendid Enterprises Ltd. has announced the launch of its NATERA plant-based entrees, Seasoned Chick-Un Tenders and Chick-Un Nuggets, at all Denny's and Bar One locations across Canada. This includes 71 Denny's and 13 Bar One locations, featuring on-premise advertising and promotional efforts via social media. CEO J. Craig Goodwin highlighted this as a significant milestone for the company in the growing plant-based market. The company, which operates a food manufacturing facility near Vancouver, is also involved in developing additional products and conducting clinical trials for COVID-19 treatment.

Naturally Splendid Enterprises Ltd. announced the successful introduction of its NATERA Plant-Based Foods at the British Columbia Institute of Technology (BCIT) for a Meatless Monday event on October 18. The entire selection of products, including Chick-Un Cutlets and Sweet Chili Chick-Un Tenders, sold out, leading to their permanent inclusion on BCIT's menu. The program aims to expand to other post-secondary institutions across Canada, tapping into the growing demand for plant-based foods among Millennials and Gen Z consumers, who increasingly favor meat alternatives.