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Naturally Splendid Ships Container of Hemp to South Korea

Tickers: PINX:NSPDF, XTSX:NSP
Tags: #Biotechnology, #MedicinalMarijuana



VANCOUVER, British Columbia - TheNewswire - June 23, 2020 -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid") (TSXV:NSP) (OTC:NSPDF) (Frankfurt:50N) provides the following update in regards to shipments of hulled hemp seed being exported to South Korea.

Naturally Splendid is pleased to announce a purchase order for a 40' container of hulled hemp seed destined for South Korea has been processed. This is the second shipment of approximately 20 tonnes of hemp seed, being expedited to South Korea since March 3, 2020.

Naturally Splendid continues to receive increased interest from Southeast Asia who look to Canada for safe, efficacious food. The Company is leveraging this recent exporting of hulled hemp seed to South Korea, as a platform to discuss additional business opportunities for exporting product lines produced by Naturally Splendid to this region.

Company CEO Mr. J. Craig Goodwin states, "Naturally Splendid first exported containers of hemp seed to this region in 2016 and we are pleased to see these activities gaining traction once again. In addition to our day to day operations, followers of Naturally Splendid will know we have submitted a Clinical Trial Application (CTA) to Health Canada for a phase 2 clinical trial for a potential COVID-19 treatment, through a proposed joint venture with Biologic Pharmamedical Research, as announced in a press release dated May 19, 2020. It is important to understand that while we pursue this opportunity for a potential COVID-19 treatment, existing divisions within Naturally Splendid continue to operate, including our Safe Quality Food Certified food manufacturing facility producing a variety of mostly plant-based based and bites for our company brands, as well as for our contract manufacturing clients".

About Naturally Splendid Enterprises Ltd.

NSE operates a Safe Quality Food Level 2 certified food manufacturing facility just outside Vancouver, BC in Canada. We have established numerous healthy, functional foods under recognized brands such as Natera Sport(TM), Natera Hemp Foods, CHII (TM), Elevate Me(TM) and Woods Wild Bar. The Company has a myriad of new products and line extensions under development that are approaching launch. NSE has also developed proprietary technologies for the extraction of high demand, healthy omega 3 and 6 oils from hemp. NSE is the current "go-to" manufacturer for healthy, functional food products and ingredients focusing on plant-based ingredients. The Company provides contract manufacturing services for many global healthy food companies, private labelling 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.

Copyright (c) 2020 TheNewswire - All rights reserved.

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