Naturally Splendid Receives First Container of NATERA Plant Based Foods

(TheNewswire)

Vancouver, British Columbia – TheNewswire – October 22, 2020 - Naturally Splendid Enterprises Ltd. ("Naturally Splendid", "NSE" or "the Company") (FRANKFURT:50N) (TSXV:NSP) (OTC:NSPDF) is pleased to announce the first shipping container of NATERA Plant Based Foods has arrived from Australia.

In anticipation of demand, a second shipping container has been processed and is on route to Vancouver, scheduled to arrive mid November. The combined revenue potential from these first two containers is approximately $500,000 CDN. Additional orders are being scheduled and will arrive in Vancouver in a timely manner.

The first container includes NATERA’s Plant Based Burgers, Schnitzel, Kiev, Sweet Chili Tenders, Nuggets and Garlic Cheese Bites. The second container will include these same products as well as a ‘fishless’ patty and a variation of the original plant-based burger. By extending the initial product offering, we believe NATERA Plant Based Foods creates a competitive advantage by providing a wider range of choices for consumers.

NATERA Plant Based Foods have over 20 SKU's ready for the North American market which we will begin to roll out over the next 6 months. This wide range of products positions NATERA Plant Based Foods as a leader in meat-alternative choices in North America.

Naturally Splendid has an established reputation with many food brokers and distributors having developed multiple recognized brands such as Elevate Me™ and NATERA Key-To-Life bars. These products are sold through many retail stores including Save On Foods, Loblaws, Metro, Sobeys, Whole Foods and Choices Markets, as well as numerous smaller chains and independent stores. The company will leverage these relationships to introduce our NATERA Plant Based Foods to the Canadian market.

The initial supply of products will originate from Australia, with plans being made to develop manufacturing facilities in Canada. Naturally Splendid’s experience building out, certifying, and operating Prosnack Natural Foods, our Safe Quality Food (SQF) certified processing facility, will be invaluable as this project evolves.

Naturally Splendid CEO Mr. J. Craig Goodwin states, “We are able to capitalize on the reputation of the successful brands we have already launched. The NATERA Key-To-Life bar was distributed in over 2,000 stores within 6 weeks of the initial launch. We believe that NATERA Plant Based Foods will appeal to an even larger consumer base and we look forward to providing updates in the near future on the selected food brokers, distributors and retailers who will be carrying our exciting new product lines.”

About Naturally Splendid Enterprises Ltd.

NSE operates a Safe Quality Food Level 2 certified food manufacturing facility just outside Vancouver, BC in Canada. We have established numerous healthy, functional foods under recognized brands such as Natera Sport(TM), Natera Hemp Foods, CHII(TM), Elevate Me(TM) and Woods Wild Bar. The Company has a myriad of new products and line extensions under development that are approaching launch. NSE has also developed proprietary technologies for the extraction of high demand, healthy omega 3 and 6 oils from hemp. NSE is the current "go-to" manufacturer for healthy, functional food products and ingredients focusing on plant-based ingredients. The Company provides contract manufacturing services for many global healthy food companies, private labelling a wide variety of nutritional food products destined for global healthy food markets.

For more information e-mail [email protected] or call Investor Relations at 604-673-9573

On Behalf of the Board of Directors

Mr. J. Craig Goodwin

CEO, Director

Contact Information

Naturally Splendid Enterprises Ltd.

(NSP – TSX Venture; NSPDF – OTCQB; 50N - Frankfurt)

#108-19100 Airport Way

Pitt Meadows, BC, V3Y 0E2

Office:  (604) 465-0548

Fax:      (604) 465-1128

E-mail: [email protected]

Website: www.naturallysplendid.com

Forward-Looking Statements

Information set forth in this news release contains forward-looking statements that are based on assumptions as of the date of this news 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 material factors, many of which are beyond Naturally Splendid's control including, Naturally Splendid's ability to compete with large food and beverage companies; sales of any potential products developed will be profitable; sales of shelled hemp seed will continue at existing rates or increase; the ability to complete the sales of all bulk hemp seed purchase orders; and the risk that any of the potential applications may not receive all required regulatory or legal approval. Accordingly, actual and future events, conditions and results may differ materially from the estimates, beliefs, intentions and expectations expressed or implied in the forward-looking information. Except as required under applicable securities legislation, Naturally Splendid undertakes no obligation to publicly update or revise forward-looking information.

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