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Naturally Splendid Enterprises Ltd. (TSXV:DK) announces the appointment of Dr. Amin Janmohamed as a Qualified Person in Charge (“QPIC”) in the company’s application to become an authorized reseller. Additionally, Dr. Janmohamed has been appointed to the Naturally Splendid Advisory Board, where his extensive experience in medical research and formulation will be a great asset to the company as strategic plans continue to evolve and focus on nutraceutical applications. and therapeutic cannabinoids such as CBD (cannabidiol) and THC (tetrahydrocannabinol).

Dr. Janmohamed is a researcher, clinical program developer, and drug formulator in the area of ​​severe opioid use disorders. He is currently a researcher at CHEOS (Centre for Health Evaluation and Outcome Sciences) affiliated with the Providence Health Care Research Institute and the UBC School of Medicine, and CEO of Bixa Therapeutics Inc., Bixa Research Inc. and Bixa SA (Colombia ). Dr. Janmohamed is a co-investigator in the SALOME (Study to Access Long-term Opioid Medication) clinical trial. Dr. Janmohamed’s broad expertise spans investigational drug formulations, regulation, drug development, manufacturing, safety, and development of controlled substance programs in clinical trials and clinical treatments. Dr. Janmohamed has been published in several medical publications. He holds a BSc (Pharm) from the University of British Columbia, and an MSc and PhD in Health Sciences from Universidad Empresarial, Costa Rica.

Naturally Splendid CEO, Mr. Douglas Mason says, “Engaging Dr. Janmohamed as a QPIC is a critical step in Naturally Splendid becoming an authorized dealer in Canada. With his direct experience in obtaining and working under a dealership license and his many years of research experience, he will be able to guide us through the process and provide us with invaluable insight. . He has a wealth of experience in the field of medical research and formulation which will be invaluable on our advisory board as we pursue a number of activities related to cannabis and the extraction, formulation and distribution of cannabinoids.

Becoming an Authorized Dealer creates the opportunity for multiple revenue streams including CBD and THC as well as other hemp or marijuana derived cannabinoids in regards to extraction, distillation, product development, the manufacture and marketing of cannabinoid-enriched products. According to the Prime Minister’s Office, regulatory laws in Canada relating to the extraction of CBD from industrial hemp are expected to change in the summer of 2018. Becoming an authorized reseller positions Naturally Splendid as a provider of cannabis extracts and cannabis-enriched products. cannabis extracts. as well as the ability to perform a number of additional services, as identified below, in accordance with the Canadian regulatory regime.

The regulatory purpose of an authorized dealer is to enable the legal possession of controlled substances such as CBD and THC for the following purposes:

1) Manufacturing
2) Packaging
3) Preparation of R&D formulations for future manufacturing
4) Resale and distribution to other licensees, including pharmacies
5) Import and export for worldwide sales
6) Laboratory tests
7) Contractual activities for any of the above activities

In consideration for Dr. Janmohamed’s engagement as qualified officer, NSE will issue an aggregate of 200,000 ordinary shares of the Company (the “NSP Shares”) as follows:

(a) 50,000 NSP Shares on the date of acceptance of this Agreement by the TSX Venture Exchange (the “Exchange Approval Date”);

(b) 10,000 NSP Shares on the date which is two months after the Effective Date;

(c) 10,000 NSP Shares on the date which is three months after the Effective Date;

(d) 10,000 NSP Shares on the date which is four months after the Effective Date;

(e) 10,000 NSP Shares on the date which is five months after the Effective Date;

(f) 10,000 NSP Shares on the date that is six months after the Effective Date;

(g) 100,000 NSP Shares on the first anniversary of this Agreement.

In consideration for Dr. Janmohamed’s appointment to the Naturally Splendid Advisory Board, he will be granted 100,000 stock options at an exercise price of $0.20.

The issuance of shares to Dr. Janmohamed is subject to acceptance by the TSX Venture Exchange.

About Naturally Splendid Enterprises Ltd.

Naturally Splendid is a biotechnology and consumer products company that develops, produces, markets and licenses an entirely new generation of plant-derived bioactive ingredients, nutrient-dense foods and related products. Naturally Splendid is building a growing 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 wide range of applications.

Naturally Splendid currently has four innovative divisions:

(1) BIOTECHNOLOGY – Centered on three major platforms:

  1. Proprietary HempOmega™ encapsulation
  2. Extraction and formulation with Cannabidiol (CBD)
  3. Hemp and vegetable proteins.

(2) CONSUMER PRODUCTS –

  • NATERA® – retail brand of hemp products and superfoods distributed in North America, Asia and Europe.
  • Prosnack Natural Foods Inc. (Raise Me™) – healthy meal replacement lifestyle brand distributed across North America.
  • Chi Hemp Industries Incorporated (CHII) – e-commerce platform for natural and organic hemp products.
  • PawsitiveFX® – topical pet care products.
  • NATERA®CBD – hemp-based cannabinoid nutraceuticals and cosmeceuticals distributed in Asia.
  • NATERA®Skincare – brand of retail hemp-based cosmeceuticals.

(3) NATERA® Ingredients – bulk ingredients including HempOmega™.

(4) Co-Packaging/Toll-Processing – packaging for private labels (NATERA® and CHII) and third-party partners.

For more information, email info@naturallysplendid.com or call Investor Relations at 604-673-9573

On behalf of the Board of Directors

Mr. Douglas Mason
CEO, director

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: info@naturallysplendid.com
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; the ability to close sales of all bulk hemp seed purchase orders; 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 REGULATORY 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 .

Click here to get in touch with Naturally Splendid Enterprises Ltd. (TSXV:NSP) and receive an investor presentation.

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