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Naturally Splendid has entered into an exclusive sales agreement with Laguna Blends

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Additional Information:

Company: Naturally Splendid
Website: http://www.naturallysplendid.com
Stock Symbol: TSXV: NSP
Date Published: Apr 24, 2017
Transcript: Available

Video Transcript:

I’m Bethany Rae for InvestmentPitch Media

Naturally Splendid has entered into an exclusive sales agreement with Laguna Blends to market and distribute a complete line of CBD formulated, cosmeceutical products. These products will be launched by Naturally Splendid President, Craig Goodwin, at the SEOUL FOOD & HOTEL tradeshow in May 2017, as an official delegate in the Canadian Pavilion.

Naturally Splendid CEO Mr. Dave Eto stated: "We understand the bulk hemp seed business in South Korea is not what it was in 2016; however, strategically it offers NSE an opportunity to gain access to specific South Korean businesses looking for other value-added ingredients that NSE can provide. NSE will leverage elements of it's diverse offerings to achieve sales in an extremely competitive market as we continue to identify new countries for export."

In an effort to re-establish access to the Korean hemp and value-added ingredients markets, the company recently shipped a container of bulk hemp seeds to South Korea, the 13th largest economy in the world, with total imports of agricultural products topping US$35 billion in 2013.

Marcos Agramont, COO of Laguna stated: “This exclusive agreement gives Laguna global distribution for its revolutionary Cannaceutical Skin Care line. The growing popularity and known medicinal benefits of CBD-infused products has created a rapidly expanding multi-billion dollar global marketplace.”

Under the terms of the agreement, Naturally Splendid’s wholly owned U.S. subsidiary will have access to Laguna Blends’ complete suite of seven, custom formulated CBD cosmeceutical products, including anti-aging formulations.

The agreement is for three years, provided Naturally Splendid reaches certain cumulative sales volumes, and includes South Korea, Japan, with other countries to be announced, as strategic marketing plans are implemented.

The global skin care industry is currently estimated at US$121 billion with the demand for CBD products growing at an expediential rate.

The Hemp Business Journal estimates the total U.S. CBD market will grow to a $2.1 billion market in consumer sales by 2020 with $450 million of those sales coming from hemp-based sources.

Naturally Splendid is a multifaceted biotechnology company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products.

The company is building an expanding portfolio of patents and proprietary intellectual property focused on the commercial uses of industrial hemp and non-psychoactive cannabinoid compounds in a broad spectrum of applications.

The shares are trading at $0.26, and with 76 million shares outstanding, the company is capitalized at $19.8 million.

For more information please visit the company’s website www.naturallysplendid.com, or contact investor relations at 604-673-9573 or email info@naturallysplendid.com.

I’m Bethany Rae for InvestmentPitch Media