NSPDF - Naturally Splendid Announces Distributor for Western Canada
(TheNewswire)
Vancouver, British Columbia -TheNewswire - October 26, 2020 - Naturally Splendid EnterprisesLtd. ("Naturally Splendid","NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP)(OTC:NSPDF) is pleased to announce Summit Specialty Foods as the firstdistributor of NATERA Plant Based Foods.
Summit Specialty Foods distribution points includeSave-On-Foods, Price Smart, Urban Fare, Quality Greens, Safeway, WholeFoods, Askews Foods, Buy-Low Foods, Choices Markets, London Drugs,Natural Markets Food Group including Mrs. Greens & PlanetOrganics, Nature's Fare and many more.
Summit Specialty Foods has been in business since 1998 withtheir head office located in Vernon, British Columbia and havestrategically located warehousing in Vancouver and on VancouverIsland, servicing major markets throughout BC and Western Canada.
Naturally Splendid CEO Mr. J. Craig Goodwin states, " We are very familiar with the Summit Teamhaving the good fortune to have worked with them in the past. We lookforward to working with Summit again, this time distributing NATERAPlant Based Foods to their extensive roster of clients. Summit's expertise in distributingspecialty foods to their established customer base of mass marketgrocery chains, independent retailers and food service will prove tobe of great benefit".
The demand for plant-based meat alternatives continuesto expand. An increasing number of consumers are demandingplant-based meat alternatives, as either part of a healthy lifestyle,personal ethical choice, in consideration of a sustainable foodsource, or a combination of these driving issues.
According to market research firm Statista, 43 per centof Canadian consumers are actively trying to incorporate moreplant-based protein into their diets. In 2018,retail sales of meat alternatives reached approximately (208.5millionCAD dollars), this was forecast to increase to around 297.5 millionCAD dollars in 2022. 1
About Naturally SplendidEnterprises Ltd.
NSE operates a Safe Quality Food Level 2 certified food manufacturingfacility just outside Vancouver, BC in Canada. We have establishednumerous healthy, functional foods under recognized brands such asNatera Sport(TM), Natera Hemp Foods, CHII(TM), Elevate Me(TM) andWoods Wild Bar. The Company has a myriad of new products and lineextensions under development that are approaching launch. NSE has alsodeveloped 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 productsand ingredients focusing on plant-based ingredients. The Companyprovides contract manufacturing services for many global healthy foodcompanies, private labelling a wide variety of nutritional foodproducts 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 containsforward-looking statements that are based on assumptions as of thedate of this news release. These statements reflect management'scurrent estimates, beliefs, intentions and expectations. They are notguarantees of future performance. Naturally Splendid cautions that allforward looking statements are inherently uncertain and that actualperformance may be affected by a number of material factors, many ofwhich are beyond Naturally Splendid's control including, NaturallySplendid's ability to compete with large food and beverage companies;sales of any potential products developed will be profitable; sales ofshelled hemp seed will continue at existing rates or increase; theability to complete the sales of all bulk hemp seed purchase orders;and the risk that any of the potential applications may not receiveall required regulatory or legal approval. Accordingly, actual andfuture events, conditions and results may differ materially from theestimates, beliefs, intentions and expectations expressed or impliedin the forward-looking information. Except as required underapplicable securities legislation, Naturally Splendid undertakes noobligation to publicly update or revise forward-lookinginformation.
NEITHER TSX VENTURE EXCHANGE NOR ITSREGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIESOF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACYOR ACCURACY OF THIS RELEASE.
1 https://www.statista.com/statistics/981282/meat-substitute-sales-canada/#statisticContainer
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