VANCOUVER, Sept. 26, 2017 /CNW/ - Hempco Food and Fiber Inc. (TSX.V: HEMP) ("Hempco" or the "Company") is pleased to announce that, effective immediately, the Hempco Board of Directors has appointed Mr. Steve Dobler, P. Eng. as a director of Hempco.
Mr. Dobler is the President and one of the founders of Aurora Cannabis Inc. ("Aurora") (TSX: ACB) and is the second of two Aurora executives appointed, expanding the Board to seven directors from five. Mr. Dobler, who received his Professional Engineer designation from the University of Alberta, has more than 25 years of leadership experience in strategy, finance and operations management with both privately and publicly held companies. Throughout his career, Mr. Dobler's focus has been on achieving operational excellence and efficiency, contributing to significant revenue and profitability growth.
"Steve is an extremely valuable addition to Hempco's Board, bringing significant strategic, operational and capital markets experience, further strengthening our governance as we enter a pivotal period in our corporate development," said Charles Holmes, CEO. "His wise counsel and strategic vision will serve our shareholders well, as we execute on our growth strategy, including a major processing capacity expansion."
For more than 12 years Hempco has been a trusted and respected pioneer, innovator and provider of premier bulk hemp seed foods. Hempco is committed to developing hemp foods, hemp fiber and hemp nutraceuticals, a "tri-crop" opportunity for producers and processors. Hempco is expanding its processing ability to meet global demands in a 56,000 sq. ft. facility located at Nisku, Alberta. Hempco's common shares trade on the TSX Venture Exchange under the symbol "HEMP". Hempco has grown its business significantly and is generating value and profits for shareholders.
ON BEHALF OF THE BOARD
Chief Executive Officer
HEMPCO FOOD AND FIBER INC.
We Seek Safe Harbour
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. These statements are only predictions. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Companies are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
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SOURCE Hempco Food and Fiber Inc.
For further information: John Ross, Chief Financial Officer, HEMPCO FOOD AND FIBER INC., email@example.com, P: 647-291-4234