TSX.V Symbol: HFF
VANCOUVER, Oct. 11, 2016 /CNW/ - Hempco Food and Fiber Inc. (TSXV: HFF) ("Hempco" or the "Company") is pleased to announce that September 2016 was the official launch of PLANETHEMP brand retail product distribution throughout Canada and the United Kingdom. Hempco has signed an agreement with Tree of Life UK - natural, health and wellness products distributors in Europe serving hundreds of retailers. PLANETHEMP product line is being presented to well known companies such as: Whole Foods (12 UK stores), Marks and Spencer (914 UK stores), Sainsbury (1,374 UK stores), Waitrose (350 UK stores) and Tesco (3,243 UK stores).
Statistics show (NBJ's Global Supplement and Nutrition Industry Report 2014) demand for organic and natural, gluten free and non gmo products are in greater demand in the EU over North America.
Hempco has signed an agreement with Raw Elements - natural, health and wellness products distributors in Canada to approximately 800 stores nationally. See www.planethemp.ca store locator for availability.
PLANETHEMP brand currently offers a variety of hemp seed nut, hemp seed oil, hemp seed nut based snacks, and hemp seed protein powder products - with new products such as meatless and snack items currently under development.
Hempco is to be featured on CEO clips, airing on BNN. CEO Clips, profiles some of the most innovative publicly traded companies in North America and will feature this clip http://www.b-tv.com/hempco-commercial/ on BNN beginning October 2016. Business News Network (BNN) is Canada's only all business specialty channel with real time coverage of global market activity from a Canadian perspective.
Hempco® is recognized as a "company that cares" about the footprint we leave 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. Fiscal yearend August 2015: >$4m gross sales, fiscal yearend 2016: >$5.6m gross sales, not audited, more than 35% growth.
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, Business Development Executive, P: 604-685-6465, Vancouver BC, Canada