WINNIPEG, Jan. 5, 2012 /CNW/ - Manitoba Harvest Hemp Foods & Oils
announced that it has secured growth and working capital from leading
consumer-focused private equity firm White Road Investments and
re-investment from Avrio Ventures. The largest vertically integrated
hemp food manufacturer in the world, Manitoba Harvest (www.manitobaharvest.com) will use the funds to strengthen all aspects of the supply chain to
better meet the growing demand for hemp foods.
"The investment capital and the strategic alignment between Manitoba
Harvest and White Road Investments will enhance various points of the
supply chain and ensure the rapid growth of Manitoba Harvest
continues," stated Mike Fata, Chief Executive Officer and Co-founder of
Manitoba Harvest. "We are also pleased that Avrio Ventures continues to
share our confidence in the hemp food category growth potential," adds
The company has been on Canada's Profit 100 list of the fastest growing businesses for four of the past five years. In 2011 Manitoba Harvest was a
finalist for both HSBC's International Business Awards and Ernest &
Young's Entrepreneur of the Year Award.
"Manitoba Harvest makes outstanding products, is a proven performer lead
by an inspired and passionate management team," said Deven Clemens,
Managing Partner with White Road Investments. "The health benefits of
hemp products are quickly gaining wider consumer awareness and Manitoba
Harvest is the leader in the category. White Road Investments is proud
to support a company that creates great products while promoting
positive change for people and planet."
Founded in 1998, Manitoba Harvest Hemp Foods & Oils is the world's
largest vertically-integrated hemp food manufacturer and the only HACCP
certified hemp food manufacturer. Manitoba Harvest is proud to offer
award-winning products like Hemp Hearts (raw shelled hemp seeds), HEMP
PRO 70 ® (hemp protein concentrate) and Hemp Bliss® (organic hemp
beverage). www.manitobaharvest.com. http://www.facebook.com/manitobaharvesthempfoodsandoils.
White Road Investments is based in Emeryville, CA and was founded by
Gary Erickson - owner of Clif Bar & Company. White Road seeks out and
invests in healthy, active lifestyle brands including Big Tree Farms,
Public Bikes, Honest Kitchen, Guayaki and Wild Planet Foods. www.whiteroadinvestments.com.
Avrio Ventures is a venture capital firm that supports the development
of Canadian commercialization and growth stage industrial bio-products,
nutraceutical ingredients and food technology companies into
world-class organizations. www.avrioventures.com
SOURCE Manitoba Harvest Hemp Foods
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