Laguna Blends Inc, a brand new network marketing company focussed on nutritional health benefits derived from hemp, announced that it has signed a letter of intent with Naturally Splendid Enterprises Ltd to enter into a research, development and manufacturing agreement for the purpose of pursuing mutually beneficial business opportunities in the hemp food products area.
NSP will contribute its research and development expertise in hemp-derived, high quality, nutrient-dense foods, nutritional food enhancers and related products. In particular, NSP will finalize its HempOmegaTM protein formulation and flavour HempOmegaTM protein to meet Laguna’s requirements. Laguna will contribute its expertise as a marketing and sales company in the hemp food products market and the purchase, sale and distribution of the Laguna HempOmegaTM Product.
Laguna and NSP anticipate finalizing the definitive R&D Agreement by the end of May