#Hemp Stock
News: Hempco Food and Fiber Inc. (TSXV: $HEMP) corporate developments -
Industrial hemp processing facility underway in Alberta
VANCOUVER - April 18, 2017
(Investorideas.com Newswire) Hempco Food and Fiber Inc. (TSXV: HEMP)
("Hempco") is pleased to announce that Hempco® has received its
"Development Permit" from the County of Leduc and commenced
installation for operation of its hemp seed food, hemp nutraceutical and hemp
fiber processing equipment at its new 915 - 34 Street Nisku Alberta location.
Hempco® entered into a lease to
purchase agreement in November 2016 with REDCO PROPERTIES LTD. (REDCO) of
Edmonton Alberta for a 5 acre property with a new 56,000 sq. ft. facility
located within site of Highway #2 located just south of Edmonton Alberta city
limits. The property has easy year round trucking access, has 72 stalls for
staff parking and a large yard expansion for trucks turning around for loading
and unloading.
56,000 sq. ft. Building Status and
Features:
- occupancy permit and
development permit in place, zoned light industrial and agri-food
processing, and
- Hempco® has a $400,000
allowance from REDCO for office build out, beginning now, and
- warehouse has 27 ft. – 30
ft. ceilings, solid 8" double rebar sealed concrete floor and
driveways, and is water sprinklered, with efficient natural gas radiant
heating and 1200 amp 3 phase electrical service, and
- Hempco® has replaced the
flourescent lights with more efficient LED lights, and
- upgraded the floor sealant
for highest food grade Good Manufacturing Practices (GMP) and BRC
international safety and quality control standards.
Function and Capacity (based on
20hr/day, 220 days/year operating):
- up to 5,000 ton/year hemp
seed processing capacity producing 2,000 ton of hemp nut and warehousing
space in 20,000 sq. ft., sales value is up to CAD$90m/year at going rates.
- up to 20,000 ton/year hemp
fiber stock processing capacity producing 5,000 ton hemp fiber and 15,000
ton hemp hurd/shiv and warehousing space in 20,000 sq. ft., sales value is
up to CAD$8m/year at going rates.
- up to 2,000 ton /year
industrial hemp leaf and flower chaff (@1% low THC CBD) processing
capacity producing up to 20 ton extracted full spectrum low THC CBD
concentrate in 4,000 sq. ft., sales value is up to CAD$1,000kg x
2,000,000kg /year = $2B at going rates.
- 4,000 sq. ft. clean room
area for blending and packaging protein powders, food bars and hemp
burgers.
- 8,000 sq. ft. office space,
cafeteria, gym, meeting rooms for up to 80 staff.
"It's the perfect location and
facility for fulfilling our mandate of "whole crop utilization." We
still have a lot of work to do, and more money to spend to get it running the
way we want, and we will need to hire many more good people," says CEO
Charles Holmes. "The Alberta government has been very supportive. Edmonton
is a fantastic resource center for parts, services and skilled labour. Edmonton
is also the heart of Canada's longest and sunniest growing hours and some of
the best soil with lowest risk from flooding land area for growing industrial
hemp. Logistically we couldn't be in a better place. Hempco® has already begun
implementing BRC "AA" level safety and quality control measures and
software systems that will raise the "hemp industry bar" to produce
the highest quality products with the greatest efficiency in a state of the art
– "pharmaceutical grade" facility for: hemp food processing, hemp
fiber processing and hemp nutraceutical low THC CBD processing."
Hempco® is targeting June 2017 for a
grand opening of food and fiber processing.
About Hempco
Hempco® and the Holmes family is a
trusted and respected pioneer, innovator and provider of premier hemp seed
foods for more than 15 years. Hempco® is committed to a triple bottom line –
People, Planet, Profits and to capitalizing on the Hempco® mandate of
"whole crop utilization" and developing hemp foods, hemp fiber and
hemp CBD nutraceuticals, a "tri-crop" opportunity for producers and
processors. Hempco® has grown its business significantly and is generating
value and profits for shareholders.
Watch our interview
on BNN with Andrew Bell.
10 Reasons to Invest in Hempco
We seek Safe Harbor.
ON BEHALF OF THE BOARD
"Charles Holmes"
Charles Holmes
Chief Executive Officer
HEMPCO FOOD AND FIBER INC.
Chief Executive Officer
HEMPCO FOOD AND FIBER INC.
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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.
Vancouver BC, Canada
SOURCE: Hempco Food and Fiber Inc.
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