Naturally Splendid Enterprises (TSX-V:NSP, StockForum), a Burnaby British Columbia-based provider of healthy food choices including hemp-based superfood products, announced today that the company had entered into an agreement with Planet Foods(TM) to distribute its wholly-owned NATERA(TM) hemp-based superfood product line across Canada.
According to the news release, “The addition of Planet Foods™ to Naturally Splendid’s existing distribution network gives the company over 10,000 potential retail locations nationwide to market to.”
It went on to note, “Planet Foods™ effectively channels brands between the natural and conventional market places with a wide range of customers including: vitamin and supplement shops, health food stores, sport stores, restaurants, cafés, convenience stores and Canada’s largest retail chains.”
Bryan Carson, company co-founder and VP of Operations, commented, “Planet Foods™ is an ideal distributor for our NATERA™ hemp based superfood line due to the variety of retailers they work with as well as their marketing reach across Canada.”
He then concluded, “We are extremely pleased to have expanded our growing distribution network. The distribution network that has been established will allow us the ability to distribute not only the existing NATERA™ line, but future products with increased efficiency.”
Naturally Splendid was in the news recently when the company was featured in Stockhouse’s daily roundup of the emerging medical marijuana and hemp sectors.
Shares gained 7.25% on the news to $0.37 per share.
Currently there are 29.1m outstanding shares with a market cap of $10.8 million.
Naturally Splendid Enterprises (V.NSP) bumps 7% on announcing NATERA(TM) distribution
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