Naturally Splendid Enterprises Ltd.
TSX VENTURE : NSP

Naturally Splendid Enterprises Ltd.

November 26, 2013 08:30 ET

Naturally Splendid Director Elected President of the Canadian Hemp Trade Alliance (CHTA)

BURNABY, BRITISH COLUMBIA--(Marketwired - Nov. 26, 2013) - Naturally Splendid Enterprises (the "Company") (TSX VENTURE:NSP) announces that during the Annual General Meeting of the Canadian Hemp Trade Alliance (CHTA), members voted on and elected one of Naturally Splendid's Directors, Russ Crawford, to serve a two year term as a Director of the CHTA. At a board meeting immediately following the AGM, Russ was elected to serve as President of the Board. "The members of the CHTA have elected a very strong Board and I am honored to serve as President," said Crawford. "This is an extremely exciting time for the hemp industry both globally and in Canada. Production is setting new records every year and the potential return to farmers is unmatched by all other crop choices," added Crawford.

The CHTA is a national association of the Canadian hemp industry dedicated to creating an economically sustainable hemp industry benefitting all stakeholders in the value chain. The CHTA is comprised of farmers, processors, retailers, researchers and academics who have a shared vision of hemp production and commercial expansion based on consumer health and environmental stewardship.

Naturally Splendid CEO, Craig Goodwin states, "We are extremely pleased that one of our directors is playing a significant role in the growth of this industry association. Russ' experience, spanning over 40 years in Canadian agriculture, will prove very beneficial to the hemp industry as it experiences the extent of growth we anticipate. Actual acres of hemp seeded in Canada in 2013 increased by 50% over 2012 and we expect the same rate of growth in 2014. Naturally Splendid expects to play a major role in the growth of this exceptional crop as we help translate consumer demand into profitable opportunities for producers and processors in the sector. Our innovative products and market development strategies will place Naturally Splendid at the front of this emerging agricultural success story."

About Naturally Splendid Enterprises Ltd.

Naturally Splendid has an exclusive sales agreement to market and distribute, in Canada and the United States, the full complement of patent pending, plant based omega products created by Boreal at the University of British Columbia. These products include HempOmega™ and H2Omega™ as well as FlaxOmega™, CanolaOmega™, ChiaOmega™, plant based omega products created from hemp, flax, canola and chia. These novel products utilize microencapsulation and liposome technologies and are available in both the powder format and an aqueous solution for increased flexibility in ingredient applications and/or stand-alone products. Naturally Splendid has received federal and provincial funding towards the research and development of new hemp-based food products, as well as for a strategic study to assess the feasibility of vertical integration. Naturally Splendid also markets its "NATERA" line of hemp-based products to a retail network of over 350 stores throughout British Columbia and into Alberta including; Save On Foods; Urban Fare; London Drugs; Marketplace IGA; and Sobeys. Naturally Splendid's recently branded "NATERA" line of products includes plain and flavoured shelled hemp seeds and plain and flavoured hemp protein powder.

J. Craig Goodwin, CEO & Director

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. Such factors include, among other things: risks and uncertainties relating to the successful testing and evaluation H2Omega™ and HempOmega™ by Calico. 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.

Contact Information