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Naturally Splendid Enterprises Ltd.
(TSXV:NSP) (FSE:50N) (OTCQB:NSPDF)
Naturally Spendid Enterprises aims to provide high quality plant-based functional foods and ingredients to its customers enhancing their quality of life and has product brands such as NATERA Hemp Foods, CHII, and PawsitiveFX, their all natural pet care line. This line consists of all natural skin care for your dog’s paws and snouts and is sold at retailers across North America. Their use of all natural ingredients and hemp seed is innovative and favourable results have been seen based on user reviews.
Recently, the company also engaged Cannabis Compliance Inc. to prepare a submission for the company to become a Licensed Dealer of cannabis extracts in Canada, which would allow the company to pursue cannabis related extractions, formulation, and distribution of cannabinoids such as CBD, expanding on their revenue stream. What does it mean to be a Licensed Dealer? Well according to their press release:
“Licensed Dealers are permitted to prepare formulation from cannabis whether that be from hemp or marijuana. On the other hand, Licensed Producers (“LPs”), who are the growers of medical marijuana, are limited to formulations with only carrier oils. LPs cannot add additives, e.g. flavour, stabilizer or any other ingredient that would be required to manufacture or alter the cannabis product in the form of an edible, Natural Health Products (NHPs), neutraceutical or pharmaceutical products. This is the role of the Licensed Dealer, thus creating business opportunities not available to LPs.”