VANCOUVER, BRITISH COLUMBIA / January 25, 2016 - Naturally Splendid Enterprises Ltd. (“Naturally Splendid”) (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce that it has received full payment for the initial $100,000 CDN Purchase Order from Laguna Blends.
As announced in an earlier news release, the first purchase order from Laguna Blends is for $100,000 CDN. This purchase order is the first installment of a definitive agreement with Laguna Blends to produce $1,600,000 CDN of Pro369, in the first year of the Agreement, and $4,500,000 CDN of Pro369 in the second year of the Agreement. A second Purchase Order of $250,000 CDN is anticipated in the second quarter of 2016.
Naturally Splendid CEO Craig Goodwin reports, “I would like to take this opportunity to clarify our agreement with Laguna Blends. There appears to be some confusion from the investment community as to the exclusive rights that Laguna was granted. Laguna does not have exclusive rights to our HempOmega™ technology. The exclusive rights that Naturally Splendid granted Laguna Blends pertains specifically to the four custom protein blends that Naturally Splendid formulated for Laguna Blends only, under the trade name Pro369. Having said that, we are most excited with the upcoming product launch of Laguna Blends.”
Dennis Compo, Laguna’s Executive Director of Marketing said, “Laguna has received overwhelming interest from leaders in the Network Marketing Industry for the past several months. In the 30 plus years I have been involved in Network marketing I personally have not seen the caliber of leaders ready to get involved in a Company at this early stage. Laguna offers the highest quality products, a very competitive compensation plan and strives to be an industry leader in innovation and technology.” Dennis went on to say, “Laguna is very close to launching its business opportunity and offer its products in the USA and Canada”.
"Stuart Kawasaki, President of Laguna Blends USA said, “Laguna is excited to offer its unique, single serving, hemp protein product, “Pro369”. Pro369 is a high quality, instant, water soluble protein product that can’t be compared to inferior products in the market place. Pro369 is a world class product that combines hemp protein, HempOmega® and Ginseng. Pro369 is in a league of its own and Laguna is expecting to bring it to the market soon.”
The Minister of Health has granted Laguna a product license along with a natural product number (“NPN”) for all four of the Pro369 flavours. They are all listed under the same NPN. Laguna’s, Pro369 hemp protein powder has been registered with Health Canada as a natural product, with the following approved health claims:
- 1)A source of protein that helps build and repair body tissues;
- 2)Source of amino acids involved in muscle protein synthesis;
- 3)Assists in the building of lean muscle;
- 4)An adaptogen to help maintain a healthy immune system; and
- 5)Supportive therapy for the promotion of healthy glucose levels.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology 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 and non-psychoactive cannabinoid compounds in a broad spectrum of applications.
Naturally Splendid currently has five
innovative divisions: (1) Natera® brand of retail hemp superfood
products currently distributed throughout North America; (2) Chi Hemp
Industries Incorporated (Chii) is selling natural and organic hemp
products through e-commerce (3) PawsitiveFX® brand of pet care products;
(4) BCI Division of plant-derived bulk ingredients including
patent-pending HempOmega®; and (5) hemp-based cannabinoid
nutraceuticals. The Company's advanced technologies, industry expertise,
and strategic partners allow for the creation of customized solutions
with a consistent focus on quality and sustainability.
About Laguna Blends Inc. The Company’s business is focused on the nutritional health benefits derived from hemp. Laguna is a network marketing company that intends to generate retail sales through independent affiliates. Affiliates utilize tools and technology that enable them to build an international business from their own home or while travelling. The first products to be launched are functional beverage products that provide high levels of protein and/or nutrition.
Laguna’s products are made from high quality hemp protein. Some of the current products are, “Caffe” an instant, “just add water” hot coffee beverage that contains both whey and hemp protein. In addition, the Company plans to market a product called Pro369. This unique single serving “on-the-go” hemp protein is served cold and comes in 4 delicious flavors. Pro369 is water soluble and can be directly mixed in water or added to milk, almond milk or coconut milk. Pro369 can be blended in a shake or smoothie. The Company intends to sell its products through its independent affiliates in the USA and Canada and anticipates launching its business in early 2016.
For more information please e-mail email@example.com or call 604-673-9573
On Behalf of the Board of Directors
J. Craig Goodwin
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
2435 Beta Avenue
Burnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
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, the Company's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; 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.
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