Naturally Splendid Enterprises Ltd. announced that it has entered into a Letter of Intent (LOI) with The Cocos Pure Beverage Corp, to co-develop a unique product line of coconut based retail products infused with HempOmega™. The first three (3) products lines to be developed are; HempOmega™/coconut hydration sachets; HempOmega™/coconut capsules; and a HempOmega™ infused coconut water. Naturally Splendid and Cocos Pure will equally share the cost of product development, including research and development, brand and market development as well as distribution costs.

The companies will also equally split net revenues.