Vancouver, British Columbia, December 6, 2022 – Naturally Splendid Enterprises Ltd. (“Naturally Splendid”, “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased announce that all Quality Foods Ltd. on Vancouver Island have received a selection of PlanteinTM products in all their stores. Additionally, CASECO a Vancouver Island focused distributor, and affiliated company with Quality Foods Ltd., will be distributing the same PlanteinTM products through their established network of one hundred (100) retail outlets.
Quality Foods Ltd.
Quality Foods has thirteen (13) locations located on Vancouver Island that have listed a variety of PlanteinTM plant-based products including Schnitzels; Sweet Chili Tenders; Nuggets; and Crispy Burgers.
In keeping with the business strategy that has proved successful for Quality Foods, the PlanteinTM product launch was supported by Quality Foods’ innovative promotional program, “Watch & Win Promotion.” This promotion is expected to reach over 300,000 Vancouver Island consumers in just a one week, delivering beneficial outcomes for both consumer and the PlanteinTM line.
Quality Foods have earned many regional, provincial and national Awards of Merit as an active member of the Canadian Federation of Independent Grocers. This is a testament to the team and entrepreneurial spirit, which has been so important to their success. Innovation has also been a significant factor in establishing Quality Foods as a strong independent grocer.
Following the Watch & Win Promotion there will be further support for the PlanteinTM brand through programs such as the “My Daily Special Promotion”, a Quality Foods innovation that delivers superior consumer experience while building brand awareness.
CASECO, an affiliated company with Quality Foods, is a Vancouver Island distributor that services over 100 retail stores throughout Vancouver Island. CASECO will inventory the same range of PlanteinTM products as Quality Foods and market these products throughout their distribution network. Starting with Quality Foods sets the foundation for CASECO to establish a clientele base for PlanteinTM products throughout Vancouver Island.
Naturally Splendid CEO Mr. J. Craig Goodwin states, “We are more than pleased to have Quality Foods and CASECO provide our PlanteinTM products to their much-valued customers. The combination of established retail stores under the Quality Foods banner combined with the distribution strength of CASECO, establishes an immediate presence and distribution service on Vancouver Island. We feel this is the foundation for an exceptional business relationship as we continue to penetrate the plant-based market by providing premium plant-based products to all consumers, whether vegan, vegetarian or flexitarian. We look forward to working with the teams at Quality Foods and CASECO”.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a plant-based food manufacturing and technology company that produces and distributes nutritious and delicious plant-based commodity products.
Founded in 2010, the Company operates a certified food manufacturing facility located just outside Vancouver, BC in Canada, focusing on producing an extensive range of plant-based entrees.
Naturally Splendid has an exclusive 10-year manufacturing and distribution agreement for Canada with a division of Australia’s largest plant-based food manufacturer, Flexitarian Foods Pty. Ltd.
In addition to producing the Company’s own branded products, Naturally Splendid provides contract manufacturing services and private labelling for a variety of nutritional plant-based food products destined for multiple distribution channels.
The Company has established healthy, functional foods under brands such as Natera Sport, Natera Hemp Foods, CHII™, Elevate Me™ and Woods Wild Bar™. The Company launched Plantein™ Plant-Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.
Naturally Splendid has reached an agreement with Biologic to terminate the agreement with Plasm Pharmaceutical and is negotiating a compensation package for work done to date pursuing a potential treatment for Covid with the target drug Cavaltinib.
NSE has also developed proprietary technologies for the extraction of healthy omega 3 and 6 oils, as well as a protein concentrate from hemp.
On Behalf of the Board of Directors
Mr. J. Craig Goodwin
Naturally Splendid Enterprises Ltd.
(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)
#108-19100 Airport Way
Pitt Meadows, BC, V3Y 0E2
Office: (604) 570-0902
E-mail: [email protected]
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; customers will complete on sales contracts; 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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