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viewNaturally Splendid Enterprises Ltd.

Naturally Splendid to acquire 51% of POS BPC Manufacturing

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As a result of the transaction, Naturally Splendid will have control of BPC’s 12,000 square feet facility and a 60,000 liter capacity tank

Shares of Naturally Splendid Enterprises (CVE:NSP) (OTC:NSPDF) jumped 10 percent after it gained the ability to control processing of its own plant based ingredients after acquiring a 51 percent stake in POS BPC Manufacturing.

The Vancouver based company has agreed to pay POS C$1.75 million in cash, issuing 367,647 common shares of Naturally Splendid (remuneration shares) at an agreed price of 0.68 per share to POS management – subject to a 12-month hold period from the date of issue.

Naturally Splendid is a leader in the research, development and production of hemp-based superfood products. It sells under license Boreal Technologies’ full complement of plant-based omega products created by Boreal Technologies including HempOmega and H2Omega, among others.

As a result of the transaction, Naturally Splendid will have control of BPC’s 12,000 square feet facility and a 60,000 liter capacity tank as well as fractional distillation system, evaporation equipment, spray drying equipment and a ring dryer.

These and other currently BPC currently owned and operated auxiliary equipment can be used to process the full suite of products that Naturally Splendid has licensed from Full Spectrum Laboratories, including HempOmega.

The BPC Facility can also produce plant-based extracts, tinctures and dry ingredients for a variety of clients.

"The BPC Facility has the potential to attract a wide range of clients who require toll processing specific to this type of facility. It is anticipated that many of the clients who utilize the research and development services of the POS group of companies will be potential clients of the services at the BPC Facility", said Naturally Splendid’s CEO, Craig Goodwin.

POS Bio-Sciences’ C$20 million facility was built in the 1990s and designed to attract top clients thanks to ISO 9001, HACCP and cGMP certifications.

Under the terms of the purchase agreement Naturally Splendid will sign a licensing and purchase agreement with POS Bio-Sciences granting the former exclusive rights to market five ingredients created through the use of POS Bio-Sciences’ technology as well as non-exclusive rights to any additional products.

Naturally Splendid has agreed to pay POS a 5% net revenue royalty.

The ingredients covered under the agreement derive from high-quality plant and marine extracts in the form of powders or oils.  

Quick facts: Naturally Splendid Enterprises Ltd.

Price: 0.045 CAD

TSX-V:NSP
Market: TSX-V
Market Cap: $9.08 m
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