Hempco Food and Fiber Inc. - Comparative Monthly Sales Report

Symbol: TSX.V – HEMP

VANCOUVER, March 7, 2017 /CNW/ - Hempco Food and Fiber Inc. (TSXV: HEMP) ("Hempco®") is pleased to announce its monthly sales (value shipped) report. For the current month Bulk Sales total to $173k* and Retail Sales total to $10k* for a January sales total of $183k*.

The following is a summary of approximate monthly bulk and retail sales (*=unaudited):

Bulk hemp foods sales and PLANETHEMP brand retail products sales


Sept

Oct

Nov

Dec

Jan

Feb

Mar

Apr

May

Jun

Jul

Aug

Total

Bulk
2015/2016

$279K

$434K

$249K

$209K

$183K

$540K

$415K

$632K

$949K

$809K

$351K

$190K

$5.24m

Bulk

2016/2017

$1.m*

$870k*

$223k*

$777k*

$1.1m*

$173k*







$4.14m*

Retail

2016/2017

$1k*

$50k*

$5k*

$47k*

$3k*

$10k*







$116K*

Fiscal year end August 31

$4.26 M in Sales for 6 Months of 2017 Fiscal Year

"We are nearly equal in sales to all of last year, in the first 6 months of sales this year. The Hempco® team is working diligently to keep increasing bulk and PLANETHEMP retail sales." says CEO, Charles Holmes. "Processing is still the bottle neck and we are anxiously working to leasehold improvement delays and get the new facility in Nisku Alberta running as soon as possible."

PLANETHEMP $69K Purchase Order from Mexico

Last week Hempco received an initial Purchase Order from an established distributor to the healthy foods markets in Mexico. An exclusivity contract is pending discussions.

Watch our interview on BNN with Andrew Bell.

http://www.b-tv.com/hempco-commercial/ 
http://www.bnn.ca/video/hemp-fights-back-after-century-in-the-shadows~1012386

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: please contact: Don Mosher, Business Development, don@hempcocanada.com, P: 604-685-6465

RELATED LINKS
http://hempcocanada.com/

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890