Naturally Splendid Acquires Chi Hemp Industries Inc.

(firmenpresse) - Naturally Splendid Acquires Chi Hemp Industries Inc.

VANCOUVER, BRITISH COLUMBIA - (December 2nd, 2015) - Naturally Splendid Enterprises Ltd. (Naturally Splendid) (FRANKFURT:50N) (TSX VENTURE:NSP) (OTC:NSPDF) is pleased to announce that it has acquired all of the issued and outstanding shares (the CHII Shares) of Chi Hemp Industries Inc. ("CHII") in accordance with the terms of a securities purchase agreement among Naturally Splendid, Chi and the shareholders of CHII (the "CHII Shareholders").

CHII is an online hemp company, based in Victoria, British Columbia, Canada. Their existing warehousing operation in Victoria, BC that distributes hemp products including seeds, oil and protein, will be replaced by Naturally Splendid's 7,000 square foot facility in Burnaby, BC.

Under the terms of the securities purchase agreement, the CHII Shareholders sold the CHII Shares to Naturally Splendid and, in consideration of which, Naturally Splendid issued 319,148 common shares to the CHII Shareholders and has agreed to pay CAD $75,000 (the "Cash Payment") to the CHII Shareholders. The Cash Payment will be made in three separate tranches: $25,000 within three months of closing, $25,000 within six months of closing and $25,000 within nine months of closing.

Since 1998, CHII has been actively working to promote and educate the Canadian Hemp Industry throughout North America. CHII and its various content promoting websites are at the hub of hemp content online, which drives traffic and customers to CHII's wholesale and online sales. All sales are driven through online properties.

CHII has sold over one million pounds of hemp products since 1998. In fiscal year 2014/2015, CHII generated approximately CAD $300,000 in sales as well as positive earnings. The additional infrastructure and support available from Naturally Splendid creates the opportunity to build upon this revenue base.

CHII is a well-established brand, operating various multiple online sites, including:

www.chii.ca; www.hempseed.ca; www.hempoil.ca; www.hempproteinpowder.ca; www.hulledhempseed.ca; www.hempfood.ca; www.thehempcookbook.com

Also on closing, the CHII Shareholders, being Marco Pimentel and Agnieszka Wojdyla, will enter into a one year consulting agreement with Naturally Splendid. Their responsibilities will include the development and growth of CHII and associated websites, as well as optimizing revenue on Naturally Splendid's online business. Further, the CHII Shareholders will receive a 12% gross sales commission on any lines of business that are directly benefited from their services.

Marco Pimentel, who is the Vice President of Marketing for a performance based ad tech network, was instrumental in developing and implementing systems that increased revenue from CAD $5,000,000 to CAD $30,000,000 within a one year period. Many of the fundamental optimization


strategies as well as search engine marketing and media spend deployed by Marco in his role as VP of Marketing, will be adapted to optimize the multiple websites of Naturally Splendid including www.nateralife.com, www.pawsitivefx.com and www.bcingredients.com.

Agnieszka Wojdyla is a graduate of the University of British Columbia with over 10 years of business systems and operations experience. She oversees CHII's operations and is the creative director behind the branding that customers see today. Agnieszka's entrepreneurial and artistic skills have been instrumental to differentiate CHII beyond companies within its niche market.

Mr. Pimentel states, These are exciting times indeed. We look forward to implementing the successful e-commerce strategies that we have developed and fine tuned as we begin optimizing the existing roster of e-commerce sites under Naturally Splendid. We have already nearly completed a full redevelopment and optimization of www.pawsitivefx.com which we expect to launch shortly giving us immediate access to the multi-billion dollar pet industry in North America.

Ms. Wojdyla adds, I want to emphasize we are not limited to just the existing e-commerce sites currently owned and being optimized under Naturally Splendid. We are reviewing a number of e-commerce opportunities that we believe have significant revenue generating potential, which will grow the Naturally Splendid umbrella of companies within the health nutrition sector.

About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient-dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.

Naturally Splendid currently has four innovative divisions: (1) Natera® brand of retail hemp superfood products currently distributed throughout North America; (2) PawsitiveFX® brand of pet care products; (3) BCI Division of plant-derived bulk ingredients including patent-pending HempOmega®; and (4) hemp-based cannabinoid nutraceuticals. The Company's advanced technologies, industry expertise, and strategic partners allow for the creation of customized solutions with a consistent focus on quality and sustainability.

For more information please e-mail info(at)naturallysplendid.com or call 604-673-9573
-
On Behalf of the Board of Directors

J. Craig Goodwin
CEO, Director

Contact Information

Naturally Splendid Enterprises Ltd.
(NSP - TSX Venture; NSPDF - OTCQB; 50N Frankfurt)
2435 Beta AvenueBurnaby, BC, V5C 5N1
Phone: (604) 570-0902
Fax: (604) 570-0934
E-mail: info(at)naturallysplendid.com
Website: www.naturallysplendid.com

Naturally Splendid Enterprises, Ltd.
Suite 605-1166 Alberni Street
Vancouver, B.C, V6E 3Z3
Tel: 604-570-0902
Email: info(at)naturallysplendid.com
Website: www.naturallysplendid.com

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 including, the Company's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; 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.
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.

Unternehmensinformation / Kurzprofil:
Leseranfragen:
Bereitgestellt von Benutzer: irw
Datum: 02.12.2015 - 15:26 Uhr
Sprache: Deutsch
News-ID 437080
Anzahl Zeichen: 7835

contact information:
Town:

Wien

Kategorie:

Business News

Diese Pressemitteilung wurde bisher 467 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"Naturally Splendid Acquires Chi Hemp Industries Inc.
"
steht unter der journalistisch-redaktionellen Verantwortung von

Naturally Splendid Enterprises Ltd. (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Alle Meldungen von Naturally Splendid Enterprises Ltd.