Hempco Food and Fiber Inc. - Comparative Monthly Sales Report

VANCOUVER, Nov. 7, 2016 /CNW/ - Hempco Food and Fiber Inc. (TSXV: HFF) ("Hempco") is pleased to announce its monthly sales report.

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

2015 / 2016

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Total

Bulk

$279K

$434K

$249K

$209K

$183K

$540K

$415K

$632K

$949K

$809K

$351K

$531K

$5.6M

2016 / 2017

Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Total

Bulk

$1M

$870K












Retail

$1K

$50K












Fiscal year end August 31

The Korean customer, Seoulution Corp., saw some hurdles with sea freight transportation with Hanjin Shipping's bankruptcy causing turmoil in global sea freight , but is back on track with Hempco hulled hemp seed PO's.

Hempco is making progress on launching a retail line of products. Raw Elements Distributors of PLANETHEMP brand retail products in Canada expects us to be in 200 stores by the new year and 800 stores by summer 2017. "The marketing dollars and sales team's extensive efforts are paying off!" says CEO Charles Holmes. CEO Clips is featuring Hempco on the Documentary Channel – click here.

We seek Safe Harbor.

ON BEHALF OF THE BOARD

"Charles Holmes"                 

Charles Holmes
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, Business Development Executive, P: 604-685-6465, Vancouver, BC, Canada

RELATED LINKS
http://hempcocanada.com/

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