Symbol: TSX.V - HFF
VANCOUVER, May 31, 2016 /CNW/ - Hempco is doubling its processing capacity of its hulled hemp seed nut processing facility from $7.5M to $15M per year due to new international customer demand. The install will take approximately 120 days.
Hempco is pleased to announce that further to the news release date April 20, 2016, SEOULUTIONS CORP is experiencing higher than anticipated demand and would like to double their purchase orders. SEOULUTIONS CORP, a major import / export distributor in South Korea, had previously contracted to purchase a minimum C$3,000,000 over the next year of hulled hemp seed nut/hearts. Hempco is currently shipping over C$350,000 of hemp nut per month to SEOULUTIONS CORP.
Hempco® is recognized as a "company that cares" and guarantees that its customers, all over North America, Europe and Asia, are provided the finest hemp seed foods possible. Hempco® has grown its business significantly and is generating value and profits for shareholders.
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.
For further information: Don Mosher, Marketing Executive, 604-685-6465