Naturally Splendid Extends LOI With CROP and Will Now Infuse CROP’s “CannaDrink” Functional Beverages With HempOmega™
Naturally Splendid (TSXV:NSP) is pleased to announce that further to its LOI with CROP Infrastructure Inc. (CSE:CROP) (OTC: CRXPF) (Frankfurt: 2FR) (“CROP” or the “Company”) (previously announced on August 14th 2018) CROP will now utilize Naturally Splendid’s proprietary HempOmega powder, created from microencapsulated hemp seed oil, in its “CannaDrink” functional beverage line currently being developed.
Naturally Splendid CEO Mr. Douglas Mason states, “We are pleased to be working with CROP to create quality, white-labelled hemp products for the Hempire brand as well as providing our proprietary HempOmega ingredient for CROP’s innovative CannaDrink functional soft drink line. CannaDrink is formulated to deliver superior omega nutrition, by utilizing NSE’s proprietary HempOmega and provides ‘first mover advantage’ for NSE and CROP to formulate cannabis formulated beverages and edibles as HempOmega has been approved for product fortification without the concern or restrictions of cannabinoid formulated beverages and edibles.”
CannaDrink will now be available in all jurisdictions that currently do not allow for cannabinoid infused beverages, such as CBD and/or THC. HempOmega does not contain any CBD and/or THC and will not be subject to restrictive regulations.
HempOmega is NSE’s 100% owned, proprietary technology that microencapsulates hemp seed oil into superior bioavailable formats. HempOmega is a high-quality, sustainable omega 3 fatty acid alternative ingredient to fish oil. Due to its unique powder format, HempOmega solves the formulation challenge manufacturers face when trying to add oil to existing products and has proven to increase the bioavailability of omega fatty acids.
Michael Yorke, CEO and Director of CROP Infrastructure states: “We believe in the nutritional spectrum and health benefits of both hemp and CBD so adding a consumer goods vertical was a logical progression as consumer data shows strong trends in plant-based foods and nutritional products. We see it as a tremendous opportunity for CROP Infrastructure’s branding & IP portfolio.”
Mr. Douglas Mason adds, “We continue to add to our expertise commercializing our proprietary technologies such as HempOmega, our Hemp Protein Isolate as well as our extensive library of cannabinoid-based research. It is the opportunity to penetrate the beverage and edible markets with hemp extracted ingredients, such as hemp oil and/or HempOmega, to create and launch consumer products prior to regulations evolving to allow for wide spread acceptance of cannabinoid edibles and beverages.
In addition to its CannaDrink beverage line, CROP has been working with NSE to develop a “Hempire” branded Hemp Food Line that will include a variety of Hemp Seeds and Hemp Protein Powder. CROP and NSE are currently testing a variety of flavors and formulations specifically for the Hempire Brand, and many of the products will be enhanced with HempOmega.
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 [email protected] or call Investor Relations at 604-673-9573.
On Behalf of the Board of Directors
Mr. Douglas Mason
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
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.
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