Naturally Splendid USA and NeutriSci Announce Expanded Binding Terms of Partnership and Added Distribution of HempOmega™ an...
11 10월 2018 - 8:30PM
NATURALLY SPLENDID ENTERPRISES LTD. (TSX-V: NSP)(OTCQB:
NSPDF) (“Naturally Splendid” or “NSE” or the “ Company” or
“Naturally Splendid USA”) is pleased to provide a
further update on its previously announced non-binding Letter of
Intent (“
LOI”) between Naturally Splendid USA Ltd.
and NeutriSci International Inc.
("NeutriSci")
(TSX-V: NU, OTCQB: NRXCF, FRANKFURT: 1N9),
together the (“
Parties”).
Naturally Splendid USA and NeutriSci are pleased
to announce the extension and addition of binding terms to the
previously announced LOI. This new binding LOI signifies the
successful completion of an agreement to produce a sublingual
HempOmega® tablet using NeutriSci’s IP and technology, as well as a
sublingual tablet combining HempOmega® and CBD (cannabidiol). A
definitive agreement will follow in the coming weeks. The
definitive agreement will include at least two NeutriSci formulated
sublingual tablets, including:
- a CBD/HempOmega® fortified sublingual tablet; and
- a HempOmega® fortified sublingual tablet.
Both parties have agreed to expand the initial
scope of distribution. The newly developed HempOmega® sublingual
tablet will now be available through Naturally Splendid’s partner
distribution networks in South Korea, Japan and Australia.
In addition, Naturally Splendid will commence
distribution of NeutriSci’s neuenergy® in the Australian
market. Neuenergy® is a revolutionary energy tab designed to
deliver enhanced focus and mental clarity with no sugar, no
calories and no crash associated with typical energy
products.
Production will begin on the full spectrum
HempOmega® tablets to be sold in South Korea, Japan and now
Australia, and will be manufactured at a licensed partner facility
in Northern California. Additionally, as regulations allow,
Naturally Splendid will begin marketing the CBD / HempOmega®
sublingual tablets in regions where CBD (cannabidiol) products are
approved for sale.
Doug Mason, CEO of Naturally Splendid commented:
“This is yet another significant milestone for NSE’s proprietary
HempOmega®, the micro-encapsulated hemp seed oil ingredient that
continues to excel in the product formulations it was intended to
enhance. We have been eagerly developing this product with
NeutriSci for sale in international territories, and executing this
extended LOI will accelerate our entry to these markets, as well as
allow for new formulations to be launched rapidly. Accessing our
already established distribution network gives NSE and NeutriSci an
advantage most companies are still striving to achieve. We
anticipate a swift and timely closure to the definitive agreement
and will provide updates in short order. NSE would like to thank
NeutriSci for their commitment and contribution to producing
high-quality, innovative products, that we are excited to be
co-producing.”
NeutriSci’s CEO, Glen Rehman commented, “This
new arrangement brings us a final step closer to introducing and
establishing a one-of-a-kind HempOmega® product into the Asian and
Australian marketplace. This ground-breaking product becomes
accessible to millions of potential users and sets the stage for
further expansion into the region. We look forward to the continued
international diversification and execution of our expansion plans
as we move forward with this product and others that incorporate
our technology and IP!”
About NeutriSci International
Inc.
NeutriSci specializes in the innovation,
production and formulation of nutraceutical products. Established
in 2009, NeutriSci’s is building sustainable sales models with
Convenience, Chain Drug, and Mass Market and Supermarket retailers
for neuenergy®, the Company’s natural energy and focus supplement
that has at its core, the beneficial effects of blueberries.
Neuenergy® contains a unique patented
combination of blueberry extract (pterostilbene) and naturally
derived caffeine, and is a revolutionary energy tab designed to
deliver enhanced focus and mental clarity with no sugar, no
calories and no crash associated with typical energy products. To
find out more about neuenergy®, please
visit www.getneuenergy.com.For more information, please
visit: www.neutrisci.com.
About Naturally Splendid Enterprises
Ltd.
Naturally Splendid is a biotechnology and
consumer products company that is developing, producing,
commercializing, and licensing an entirely new generation of
plant-derived, bioactive ingredients, nutrient dense foods, and
related products. Naturally Splendid is building an expanding
portfolio of patents (issued and pending) and proprietary
intellectual property focused on the commercial uses of industrial
hemp cannabinoid compounds in a broad spectrum of applications.
For more information e-mail info@naturallysplendid.com or call
Investor Relations at 604-673-9573
On Behalf of the Board of DirectorsMr. Douglas Mason 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) 465-1128E-mail: info@naturallysplendid.comWebsite:
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.
NeutriSci (TSXV:NU)
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부터 10월(10) 2024 으로 11월(11) 2024
NeutriSci (TSXV:NU)
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부터 11월(11) 2023 으로 11월(11) 2024