Welcome!

News Feed Item

CORRECTION FROM SOURCE: Naturally Splendid Evaluates Hemp Based Cannabinoid Opportunities

BURNABY, BRITISH COLUMBIA -- (Marketwired) -- 07/14/14 -- In a press release dated June 26, NSE incorrectly identified Boreal Technologies' role in a licensing opportunity for cannabinoid related technologies. The corrected information is provided below. We apologize for any confusion this may have created.

Naturally Splendid Enterprises (the "Company") (TSX VENTURE: NSP) (OTC PINK: NSPDF) (FRANKFURT: 50N) is pleased to announce that the Company is now evaluating multiple opportunities in the commercialization of industrial hemp and extracted cannabinoids for the creation of branded nutraceutical products. In addition to the already established revenue streams from the NATERA™ hemp based superfood retail line and its developing biotech food division in partnership with Boreal Technologies, the Company is optimistic with the multitude of opportunities in the nutraceutical cannabinoid market.

Naturally Splendid is currently in advanced stage discussions with Full Spectrum Laboratories, Ltd. out of Dublin, Ireland, regarding licensing of new nutraceutical cannabinoid technologies. These nutraceutical cannabinoid technologies include Cannabidiol (CBD) known for its multiple therapeutic applications without the "stoned" effect of THC found in marijuana. This strategy is restricted to the United States until other jurisdictions explicitly permit cannabinoid therapies.

CEO Craig Goodwin states, "We are developing business strategies designed to investigate, evaluate and where there is a strong business case, develop additional products and markets unlocking all potential revenue opportunities within the industrial hemp crop. The area of nutraceutical cannabinoids is increasingly interesting to Naturally Splendid, especially when you consider the advanced science being developed by Full Spectrum. This potential creation of a new relationship with Full Spectrum to include Naturally Splendid's branded nutraceutical cannabinoid products legally derived from industrial hemp, will allow Naturally Splendid to participate more directly in this nutraceutical market in the United States."

Charlie Brink, Chairman of Full Spectrum Laboratories states, "We're excited to see Naturally Splendid explore the opportunities available in the nutraceutical cannabinoid market space. We look forward to progressive dialogue on potential business opportunities for our companies in licensed jurisdictions. What we've discovered is that Cannabis sativa (industrial hemp) is a wholly misunderstood plant. Our team has identified compounds within this plant that have great nutraceutical and nutritional properties. Many of these have translated into unique ingredients that most people haven't seen before. We've spent a pain-staking amount of time assembling the right kind of talent to bring these products to market and execute our business strategy. There is now an exciting opportunity before us to be able to take the science and the research that has been conducted in the laboratory in the past few years and create products that we can bring to market that will help people and enhance their lives."

Cannabis Sativa is a species which includes industrial hemp and marijuana. Cannabis Sativa is used in food, nutraceutical products as well as medicinal applications. Both plants share many of the same active chemicals and cannabinoids. A prominent cannabinoid present in industrial hemp is Cannabidiol (CBD) known for its multiple therapeutic, nutraceutical applications. More specifically, Cannabidiol, or CBD, is a compound in industrial hemp that potentially has significant medical benefits, but does not make people feel "high" and can actually counter the psychoactivity of THC. The reduced psychoactivity of CBD-rich cannabis may make it an appealing nutraceutical product for individuals seeking anti-inflammatory, anti-pain, anti-fungal, anti-bacteria and/or anti-spasm effects without disconcerting lethargy or dysphoria.

Naturally Splendid Co-founder Bryan Carson states, "There has been much in the news recently surrounding the functional, nutraceutical and pharmaceutical applications of the multiple cannabinoids prevalent in industrial hemp. Changing legislation in the United States is most definitely a driving factor in the increased attention that has been focused on the cannabinoid opportunities."

About Full Spectrum

Full Spectrum Laboratories, Ltd., based out of Dublin, Ireland, is a privately-held biotechnology company specializing in the scientific research, development and commercialization of its technologies and services. Full Spectrum owns a portfolio of patented and patent-pending cannabinoid-based technologies including breeding, analytical services, extraction and formulation. Full Spectrum strategically identifies global partners for licensing opportunities in the pharmaceutical and nutraceutical markets. Our technologies enable companies to have access to pharmaceutical-grade cannabinoids for the development of cannabinoid based therapeutics, industrial solutions and consumer goods.

Full Spectrum has licensed certain formulation technologies focused on omega-fatty acids and proteins to Boreal Technologies. This Agreement will continue separately and independently of any license agreement Full Spectrum may enter with Naturally Splendid for cannabinoid formulation technologies.

About Boreal Technologies

Boreal Technologies Inc., located on the University of British Columbia campus in Vancouver, B.C., is a specialized product solution and service provider with customers in North America and Asia. Boreal offers a comprehensive range of product development and analytical testing services to the nutraceutical, agricultural and consumer product industries. Our patent-pending process technologies enable companies to bring new; value-added products to market that are enhanced with scientifically-proven, superior functional ingredients.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid's 100% owned NATERA™ line of hemp-based superfood products are carried nationwide by Canada's leading health food distributors and a network of retail stores across Canada including major retailers and specialty stores. Naturally Splendid's recently rebranded "NATERA™" line of products includes natural and flavored shelled hemp seeds as well as natural and flavored hemp protein powders.

Naturally Splendid has an exclusive sales agreement to market and distribute, in North America, the full complement of patent pending, plant-based omega products created by Boreal Technologies. The products include HempOmega™ and H2Omega™, as well as the FlaxOmega™, CanolaOmega™, and ChiaOmega™ plant based omega products. These novel products utilize microencapsulation and are available in both a powder format and an aqueous solution for increased flexibility in ingredient applications and stand-alone products.

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.

Contacts:
Naturally Splendid Enterprises Ltd.
J. Craig Goodwin
CEO & Director
(604) 559-8051
(604) 570-0934 (FAX)
[email protected]
www.naturallysplendid.com

More Stories By Marketwired .

Copyright © 2009 Marketwired. All rights reserved. All the news releases provided by Marketwired are copyrighted. Any forms of copying other than an individual user's personal reference without express written permission is prohibited. Further distribution of these materials is strictly forbidden, including but not limited to, posting, emailing, faxing, archiving in a public database, redistributing via a computer network or in a printed form.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"We're developing a software that is based on the cloud environment and we are providing those services to corporations and the general public," explained Seungmin Kim, CEO/CTO of SM Systems Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.