VANCOUVER, British Columbia, Sept. 12, 2018 (GLOBE NEWSWIRE) -- Naturally Splendid Enterprises Ltd. ("Naturally Splendid", “NSE” or “the Company”) (FRANKFURT:50N) (TSX-V:NSP) (OTC:NSPDF) is pleased to announce it has been removed from the Clearstream Banking AG (“Clearstream”) restricted cannabis related securities list. (See Company’s news release of September 5th, 2018)
Naturally Splendid CEO and Director Douglas Mason states, “We are extremely pleased with the decision made by Clearstream to remove NSE from the restricted cannabis related securities list thus allowing German and European investors continued efficient share transactions. The company will continue to trade on the Frankfurt Stock Exchange without disruption to our current shareholders. We would like to thank Clearstream for their thorough review and removal of the company from their restricted list. We would also like to thank the European Industrial Hemp Association (EIHA) for their efforts in clarifying our business practices with Clearstream.”
Clearstream previously announced that, effective September 28, 2018, it would no longer be settling and safekeeping securities whose main business is connected directly or indirectly to cannabis and other narcotics products. In response, Naturally Splendid had requested that Clearstream remove NSE from its list of restricted cannabis related securities as the Company’s current business activities are limited to hemp-based food and health products for people and pets. Naturally Splendid does not deal in marijuana or marijuana related products, and industrial hemp products are currently permitted in Canada pursuant to the Industrial Hemp Regulations (Canada). This followed after the European Industrial Hemp Association (EIHA) had also independently reached out to Clearstream similarly requesting that Naturally Splendid be removed from Clearstream’s restricted list. Clearstream has since conducted a revised risk-based assessment and has removed Naturally Splendid from its list of restricted cannabis related securities.
About Naturally Splendid Enterprises Ltd.
Naturally Splendid is a biotechnology and consumer products company that is developing, producing, commercializing, and licensing an entirely new generation of plant-derived, bioactive ingredients, nutrient dense foods, and related products. Naturally Splendid is building an expanding portfolio of patents (issued and pending) and proprietary intellectual property focused on the commercial uses of industrial hemp cannabinoid compounds in a broad spectrum of applications.
For more information e-mail email@example.com or call Investor Relations at 604-673-9573
On Behalf of the Board of Directors
Mr. Douglas Mason
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
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.
NEITHER TSX VENTURE EXCHANGE NOR ITS REGULATION 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.