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Naturally Splendid Enterprises says first shipping container of NATERA Plant-Based Foods has arrived from Australia

In anticipation of demand, a second shipping container has been processed and is on route to Vancouver, scheduled to arrive mid-November

Naturally Splendid Enterprises Ltd. -
The combined revenue potential from these first two containers is approximately C$500,000

Naturally Splendid Enterprises Ltd. (FRA:50N) (CVE:NSP) (OTCMKTS:NSPDF) has revealed that the first shipping container of NATERA Plant-Based Foods has arrived from Australia.

In anticipation of demand, a second shipping container has been processed and is on route to Vancouver, scheduled to arrive mid-November. The combined revenue potential from these first two containers is approximately C$500,000 and additional orders are being scheduled and will arrive in Vancouver in a timely manner, the group said.

READ: Naturally Splendid Enterprises shares lifted as it inks definitive agreement over Biologic Pharmamedical JV

The first container includes NATERA's Plant-Based Burgers, Schnitzel, Kiev, Sweet Chili Tenders, Nuggets and Garlic Cheese Bites. The second container will include these same products as well as a 'fishless' patty and a variation of the original plant-based burger.

By extending the initial product offering, Naturally Splendid said it believes NATERA Plant-Based Foods creates a competitive advantage by providing a wider range of choices for consumers.

NATERA Plant-Based Foods have over 20 SKU's ready for the North American market which we will begin to roll out over the next 6 months. This wide range of products positions NATERA Plant-Based Foods as a leader in meat-alternative choices in North America.

Naturally Splendid has an established reputation with many food brokers and distributors having developed multiple recognized brands such as Elevate Me and NATERA Key-To-Life bars. These products are sold through many retail stores including Save On Foods, Loblaws, Metro, Sobeys, Whole Foods and Choices Markets, as well as numerous smaller chains and independent stores. The company said it will leverage these relationships to introduce its NATERA Plant-Based Foods to the Canadian market.

The initial supply of products will originate from Australia, with plans being made to develop manufacturing facilities in Canada. Naturally Splendid said its experience building out, certifying, and operating Prosnack Natural Foods, its Safe Quality Food (SQF) certified processing facility, will be invaluable as this project evolves.

In a statement, Naturally Splendid CEO  J. Craig Goodwin said: "We are able to capitalize on the reputation of the successful brands we have already launched. The NATERA Key-To-Life bar was distributed in over 2,000 stores within 6 weeks of the initial launch. We believe that NATERA Plant-Based Foods will appeal to an even larger consumer base and we look forward to providing updates in the near future on the selected food brokers, distributors and retailers who will be carrying our exciting new product lines."

Naturally Splendid Enterprises operates a Safe Quality Food Level 2 certified food manufacturing facility just outside Vancouver, British Columbia in Canada. It has established numerous healthy, functional foods under recognized brands such as Natera Sport, Natera Hemp Foods, CHII, Elevate Me and Woods Wild Bar.

The company has also developed proprietary technologies for the extraction of high demand, healthy omega 3 and 6 oils from hemp. It is the current "go-to" manufacturer for healthy, functional food products and ingredients focusing on plant-based ingredients.

The firm provides contract manufacturing services for many global healthy food companies, private labelling a wide variety of nutritional food products destined for global healthy food markets.

Contact the author at jon.hopkins@proactiveinvestors.com

Quick facts: Naturally Splendid Enterprises Ltd.

Price: 0.045 CAD

TSX-V:NSP
Market: TSX-V
Market Cap: $9.08 m
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