Hempco® Expands Quebec Presence and Introduces New Product Line Extension
TSX-V: HEMP
VANCOUVER, March 28, 2019 /CNW/ - Hempco Food and Fiber Inc. (TSX.V: HEMP) ("Hempco®" or the "Company") continues to execute its growth strategy with its new listing of PLANET HEMP SUPERFOOD™ in Quebec with Métro Inc., Canada's third-largest grocer. In addition, Hempco® launches a new line extension of plant-based, organic protein smoothie mixes for its PLANET HEMP SUPERFOOD™ brand.
Hempco®'s listing with Métro Inc. is its first with one of Canada's top three grocers in the country's second largest market, which makes up 25.5% of the all Canadian grocery sales according to the 2018 Canadian Grocer's Market Survey. Métro grocery stores will be rolling out PLANET HEMP SUPERFOOD™ in Quebec over the next few months and will initially be available in over 75 stores across the province.
"We are very excited to have our PLANET HEMP SUPERFOOD™ brand listed by Métro Inc. as we continue to expand our presence in grocery and specialty stores across the country," said Hempco® CEO, Diane Jang. "With the addition of our latest product line extension of PLANET HEMP SUPERFOOD™ Organic Protein Smoothie Mixes, we are able to offer an even greater selection of hemp-based products for consumers. Our goal is to see our protein smoothie mixes alongside our hemp hearts and super-seed blends as convenient, versatile whole-food meal solutions. As part of our Five-Prong Strategy, we continue to grow revenues through new distribution channels and new products."
The new line will include three flavours: Original, Vanilla Chai, and Super Greens. Made with 100% Canadian-grown, certified organic hemp, PLANET HEMP SUPERFOOD™ Smoothie Mixes provide whole food nutrition and are non-GMO, kosher, vegan friendly, plus 100% naturally produced without the use of concentrates or isolates.
About Hempco®
For more than 12 years Hempco® has been a trusted and respected pioneer, innovator and provider of quality, hemp-based foods, hemp fiber and hemp nutraceuticals. Hempco® produces and markets the brands PLANET HEMP™ and PRAISE, hemp-based foods and nutritional supplements for people and animals. Hempco® is expanding its processing ability to meet global demands in a 56,000 sq. ft. facility located at Nisku, Alberta. Hempco®'s common shares trade on the TSX Venture Exchange under the symbol "HEMP".
The 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.
This news release includes statements containing certain "forward-looking information" within the meaning of applicable securities law ("forward-looking statements"). Forward-looking statements are frequently characterized by words such as "plan", "continue", "expect", "project", "intend", "believe", "anticipate", "estimate", "may", "will", "potential", "proposed" and other similar words, or statements that certain events or conditions "may" or "will" occur. Forward-looking statements in this press release include the Company's anticipation of further growth. These statements are only predictions and are not guarantees of future performance; therefore, undue reliance should not be placed on them. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause actual performance and financial results in future periods to differ materially from any projections of future performance or result expressed or implied by such forward-looking statements. Various assumptions were used in drawing the conclusions or making the projections contained in the forward-looking statements throughout this news release. Forward-looking statements are based on the opinions and estimates of management at the date the statements are made, and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking statements. The Companies are under no obligation, and expressly disclaims any intention or obligation, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.
On behalf of the Board of Directors,
HEMPCO FOOD AND FIBER INC.
Diane Jang
CEO
SOURCE Hempco Food and Fiber Inc.
John Ross, Chief Financial Officer, +1.647.291.4234, [email protected]; Darlene Webb, Investor Relations Strategist, +1.647.992.3806, [email protected]
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