10:45 AM EST - Naturally Splendid Enterprises Ltd. : Commented on the positive amendment to Health Canada's publication of Subsection 56(1) Class Exemption in relation to the use of hemp under the Industrial Hemp Regulations (flowering heads, leaves and branches). The exemption, published on August 10, enables companies with the relevant licenses to commence using the whole hemp plant for commercial purposes, which was prohibited under previous regulations. The exemption will remain in place until the scheduled implementation of the Cannabis Act on October 17, which allows for whole plant utilization from that date onwards. The significance of whole plant utilization in the new regulations will allow for the extraction of CBD (cannabidiol) from hemp, which currently is illegal in Canada. Naturally Splendid Enterprises Ltd.
shares V.NSP are trading down $0.02 at $0.15.
