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Naturally Splendid Terminates Agreements

January 24, 2020-05:08 AM EDT

Vancouver, British Columbia - TheNewswire - January 24, 2020 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP)(OTC:NSPDF) provides the following updates. The Company has reviewed the CBD edibles opportunity and has strategically adapted our strategy for this emerging market. Naturally Splendid, will continue to focus our core strengths manufacturing nutritious food, with plant-based ingredients in our SQF2 Certified food manufacturing facility while the market for edibles continues to evolve. We will leverage this expertise to extend into the 'edibles market' as opportunities warrant and the necessary licensing secured.

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CBD Edibles Companies are Struggling to Keep up with Consumer Demand

January 21, 2020-09:15 AM EDT

January 21, 2020 Palm Beach, FL – January 21, 2020 — Thanks to Cannabis 2.0, companies are selling out of CBD edibles – and fast. So much so, the Toronto Sun refers to it as “Edibles Madness.” The Ontario Cannabis Store website, for example, saw so much demand, the site crashed several times, while soft-chew items like gummies sold out in less than a half hour. Better, analysts at Deloitte, “The edibles market alone is estimated to be worth at least $1.6 billion a year in Canada, with cannabis-infused beverages adding a further $529 million,” said Jennifer Lee, a partner and Deloitte Canada’s Cannabis National Leader, and Consumer Advisory and Analytics Practice National Leader. “According to our research and stakeholder interviews, much of this economic boost will be on top of current cannabis product spending. The introduction of cannabis-infused edibles will clearly threaten the alcohol industry as consumers are using the product for similar usage occasions.” That’s opening a wide range of opportunity for companies including Naturally Splendid Enterprises Ltd. (TSX-V:NSP)(OTCQB:NSPDF), The Green Organic Dutchman HoldingsLtd. (TSX:TGOD)(OTCQX:TGODF), Curaleaf Holdings Inc. (CSE:CURA)(OTCQX:CURLF), Green Thumb Industries Inc. (CSE:GTII) (OTCQX:GTBIF), and Green Growth Brands Inc. (CSE:GGB)(OTCQB:GGBXF).

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Naturally Splendid Overview: Focus on Plant-Based Nutrition in 2020 Compliments Evolving Edibles Market

January 21, 2020-08:00 AM EDT

Vancouver, British Columbia - TheNewswire - January 21, 2020 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP)(OTC:NSPDF) is pleased to provide the following updates and outlook for 2020. Naturally Splendid drives the majority of revenue from the Prosnack Division, manufacturing nutritional bars & bites from mainly plant-based ingredients at our Safe Quality Food Level 2 manufacturing facility (SQF2). Purchase orders in January have already exceeded $300,000 CDN to date. The Company's focus will be on expanding business and growing revenue in the plant-based nutritional category while the cannabis edibles markets continues the path to more mainstream opportunities.

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