2022-05-31 | TSXV: DK | Press release

VANCOUVER, BC / ACCESSWIRE / May 31, 2022 / Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “NSE” or the “Company”) (FRANKFURT:50N) (TSXV:NSP) (OTC PINK:NSPDF) today provides a status update in accordance with its obligations under the guidelines alternative disclosure guidelines set forth in National Policy 12-203 – Management Cease Trade Orders (“NP 12-203”), which requires the Company to provide updates every two weeks until that the Company is current with its filing obligations under Canadian securities laws. As previously announced, the Company is subject to a management cease trade order (“MCTO”) issued by the British Columbia Securities Commission. The MCTO prohibits directors and executive officers of the Company from trading in or acquiring securities of the Company until two full business days after the Company has filed its audited financial statements for the year ended December 31, 2021 and the MD&A and related certificates. . The MCTO does not affect the ability of non-insider investors to trade in the Company’s securities.

The Company advises that other than the granting of the OCCM by the British Columbia Securities Commission: (i) there have been no material changes to the information contained in the press release of the Company of April 14, 2022; (ii) it intends to continue to comply with the alternative disclosure guidelines of NP 12-203; and (iii) except as previously disclosed, there are no Subsequent Specified Defaults (actual or anticipated) within the meaning of IG 12-203.

The Company continues to work to complete the filing by the June 30, 2022 deadline and will continue to update its shareholders periodically on the status of the audited financial statements.

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 staples.

Founded in 2010, the company operates a Safe Quality Food Level 2 certified food manufacturing facility located just outside of Vancouver, British Columbia, Canada, which focuses on producing a wide range of herbal starters.

Naturally Splendid has an exclusive 10-year manufacturing and distribution agreement for Canada with a division of Australia’s largest plant-based foods manufacturer, Flexitarian Foods Pty. ltd.

In addition to producing the company’s branded products, Naturally Splendid provides contract manufacturing and private labeling services for a variety of plant-based nutritional food products for multiple distribution channels.

The company has established healthy and functional foods under brands such as Natera Sport™, Natera Hemp Foods™, CHII™, Elevate Me™ and Woods Wild Bar™. The company launched Natera Plant Based Foods, a line of delicious plant-based meat alternatives for the rapidly growing plant-based market segment.

Naturally Splendid has a relationship with Plasm Pharmaceutical, a company that has been approved to conduct a Health Canada-approved Phase 2 clinical trial for the treatment of COVID-19.

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

MJ Craig Goodwin

director president

Contact information

Naturally Splendid Enterprises Ltd.

(NSP – TSX Venture; NSPDF – OTCQB; 50N Frankfurt)

#108-19100 Airport Lane

Pitt Meadows, BC, V3Y 0E2

Office: (604) 465-0548

Fax: (604) 465-1128

Email: [email protected]

Website: www.naturallysplendid.com

Forward-looking statements

The information in this press release contains forward-looking statements based on assumptions as of the date of this press 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 important factors, many of which are beyond Naturally Splendid’s control, including Naturally Splendid’s ability to compete with major food companies and drinks ; sales of any potential product developed will be profitable; sales of hulled hemp seeds will continue at current rates or increase; customers will complete sales contracts; and the risk that any of the potential applications will not receive all required regulatory or legal approvals. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied by the forward-looking information. Except as required by applicable securities laws, Naturally Splendid undertakes no obligation to publicly update or revise any forward-looking information.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICE PROVIDER (AS ITS TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE RELEVANCE OR ACCURACY OF THIS RELEASE.

THE SOURCE: Naturally Splendid Enterprises Ltd.

See the source version on accesswire.com:

https://www.accesswire.com/703492/Naturally-Splendid-Provides-Default-Status-Report