President & CEO of Hempco Canada (HFF:TSX.V), Charles Holmes, expresses his love for helping to share one of the most healthy and nutritious food sources in the world.
There is a stigma out there around hemp in general and Hempco’s intent about overcoming that by educating people about the benefits of hemp seed foods and hemp as a fibre source. I’ve got a background in Health and Nutrition for about 25 years and I’ve been 16 years as a hemp seed food processor and distributor. Hempco’s main focus is processing hemp seed foods, value adding them and distributing them into health food stores across the world.
We are really excited about our new retail line called Planet Hemp. We’re just launched in the UK a couple of months ago, we’re launched in Canada right now and we’re really excited about especially our new innovative products that we’re going into some really interesting snack items and meatless products so it’s a replacement for burgers and meatballs and deli slices.
There’s a lot of concerns of animal products as a food source in general. Korea is intent upon overcoming that solution by looking for a plant source and hemp has filled that solution for them and Hempco is their provider right now. It’s in 2015 fiscal year, Hempco developed $4.1 million in sales, gross, 2016, we just did our year end, that’s coming out about $5.7 million, we’re over 40% growth for the last year. We’re really thrilled about that. I love getting up in the morning and feeding thousands of people with the most healthy nutritious food sources in the world and educating them on the benefits of hemp as the most incredible plant resource we have as humans.