Naturally Splendid (NSP.V) has received another order from its numerous clients in South Korea. The Company will be shipping 20 tons of hulled hemp seeds, marking the fourth shipment to South Korea since March 3, 2020.
“According to the Korea Vegetarian Union (KVU) there are approximately 500,000 strict vegans in the country and about 1.5 million who pursue similar diets. The number of flexitarians, those who follow an increased plant-based diet, is rapidly rising as well. It is estimated that as many as 10 million people, representing approximately 20 per cent of South Korea’s total population consider themselves flexitarians. This is further evidence that a diet increasingly focused on plant-based nutrition, continues to gain in popularity with consumers over a broad demographic. Naturally Splendid looks forward to pursuing these developing opportunities,” stated Naturally chief executive officer, J. Craig Goodwin
Naturally Splendid is committed to developing healthy, functional foods under a variety of recognized brands such as Natera Sport, Natera Hemp Foods, and CHII among others. With a rapidly growing demand for plant-based foods, the Company hopes to provide healthy alternatives in the market. Naturally Splendid has a manufacturing facility just outside of Vancouver, British Columbia. Furthermore, their facility is Safe Quality Food Level 2-certified, demonstrating the Company’s concern for producing quality food products for consumption.
Lets rewind a bit. What on earth is a flexitarian and why does it matter? Flexitarians are considered semi-vegetarians. More specifically, they can be identified as persons pursuing a plant-based diet or persons who only eat meat on occasion. With a staggering 20 per cent of the South Korean population identifying as flexitarians, there’s no denying that the market for plant-based alternatives is booming. Additionally, Naturally Splendid produces plant-based alternative with hemp, the most digestible protein of any plant on earth. With this in mind, the Company may likely find increased success compared to its plant-based competitors.
Naturally Splendid’s stock price opened at $0.065 reaching a high of $0.075 shortly after. The stock price currently sits at $0.07.