Vancouver, BC, June 27, 2014 - Naturally Splendid (NSP.V) is in advanced stage discussions with Boreal Technologies, formerly Canadian Medical Hemp, regarding mutually exclusive licensing of new nutraceutical cannabinoid technologies.
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Boreal Technologies, located on the University of British Columbia campus in Vancouver, British Columbia, offers a comprehensive range of product development and analytical testing services to the nutraceutical, agricultural and consumer product industries.
Charlie Brink, Chairman of Boreal stated, "What we`ve discovered is that Cannabis Sativa (industrial hemp) is a wholly misunderstood plant. Our team has identified compounds within this plant that have great nutraceutical and nutritional properties. Many of these have translated into unique ingredients that most people haven`t seen before."
Cannabis Sativa is a species which includes industrial hemp and marijuana, with both plants sharing many of the same active chemicals and cannabinoids. Cannabidiol, which is present in industrial hemp, is known for its multiple therapeutic, nutraceutical applications, but does not make people feel "high", making it an appealing product for individuals seeking anti-inflammatory, anti-pain, anti-fungal and anti-spasm solutions, without the disconcerting lethargy.
Naturally Splendid CEO Craig Goodwin added, "We are developing business strategies designed to investigate, evaluate and where there is a strong business case, develop additional products and markets unlocking all potential revenue opportunities within the industrial hemp crop. This potential expansion of our relationship with Boreal..will allow Naturally Splendid to participate more directly in this nutraceutical market in the United States."
Naturally Splendid`s 100% owned NATERA(TM) line of hemp-based superfood products are carried nationwide by Canada`s leading healthfood distributors and a network of retail stores across Canada including major retailers and specialty stores. Other current products include natural and flavored shelled hemps seeds as well as natural and flavored hemp protein powders.
Naturally Splendid is continuing to evaluate multiple opportunities in the commercialization of industrial hemp and extracted cannabinoids for the creation of branded nutraceutical products.
The shares are currently trading at $0.27, and with 36 million shares outstanding, the company is capitalized at $9.7 million. For more information about the company, please visit the company`s website www.naturallysplendid.com, call 604-559-8051 or email info@naturallysplendid.com.
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