VANCOUVER, British Columbia, Feb. 06, 2018 (GLOBE NEWSWIRE) — Naturally Splendid Enterprises Ltd. (“Naturally Splendid” or “the Company”) (TSX-V:NSP) (OTCQB:NSPDF) (Frankfurt:50N) is pleased to announce that Cannabis Compliance Inc. has been retained to prepare the submission for the Company to become a Licensed Dealer of cannabis extracts under the Canadian regulatory regime. Becoming a Licensed Dealer allows the Company to pursue a number of activities related to cannabis and the extraction, formulation and distribution of cannabinoids such as cannabidiol (“CBD”).
Becoming a Licensed Dealer would allow Naturally Splendid to expand Canadian operations and revenue streams to include CBD as well as other cannabinoids, as it relates to extraction, product development, manufacturing and marketing of cannabinoid fortified products. According to the Prime Minister’s office, regulatory laws in Canada pertaining to the extraction of CBD from industrial hemp are anticipated to be amended in the summer of 2018. Becoming a