VANCOUVER, Oct. 6, 2016 /CNW/ – Hempco Food and Fiber Inc. (TSXV: HFF) (“Hempco” or the “Company”) is pleased to announce that sales for the Company’s products have been growing.
The following is a summary of approximate monthly bulk and retail sales (all figures unaudited):
Bulk hemp foods sales and PLANETHEMP brand retail products sales
Fiscal year end August 31
The summer period saw a traditional modest decline in sales but bounced back up significantly with September 2016 being a strong month – setting a Company record of over $1,000,000 in sales. The Company’s pipeline includes supplying hulled hemp seed nut/hearts to Seoulution Corp. pursuant to the recently announced new $9,000,000 contract.
Hempco is making progress on launching a retail line of products. September 2016 was the official launch of PLANETHEMP brand retail products in the UK and Canada. Hempco looks forward to providing more details of this retail product line launch in due course.
We seek Safe Harbor.
ON BEHALF OF THE BOARD
Chief Executive Officer
HEMPCO FOOD AND FIBER INC.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
Statements in this press release regarding the Company which are not historical facts are “forward-looking statements” that involve risks and uncertainties. Such information can generally be identified by the use of forwarding-looking wording such as “may”, “expect”, “estimate”, “anticipate”, “intend”, “believe” and “continue” or the negative thereof or similar variations. Since forward-looking statements address future events and conditions, by their very nature, they involve inherent risks and uncertainties such as the risk that the closing may not occur for any reason. Actual results in each case could differ materially from those currently anticipated in such statements due to factors such as the decision of the TSXV to reject any grant of options or any person to act as investor relation service providers. Except as required by law, the Company does not intend to update any changes to such statements.
SOURCE Hempco Food and Fiber Inc.
Don Mosher, Business Development Executive, P: 604-685-6465, Vancouver BC, CanadaCopyright CNW Group 2016
Source: Canada Newswire (October 6, 2016 – 8:30 AM EDT)
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