Charles Holmes on Hemp Processing Capacity Expanding
Charles Holmes, CEO/CVO of Hempco Food and Fiber shares their plans to expand hemp processing capacity 6x.
Hempco has committed themselves to making hemp seeds a common household item. To make the seeds more accessible the company is expanding supply along with their processing capacity.“One of the key challenges we have in (the) hemp industry is supply,” said Charles Holmes, CEO/CVO of Hempco Food and Fiber. “As a processor, we are bottle necked with all the demands from overseas and Europe. Our focus right now is to expand our processing capacity to six times what our present capacity is now.”In an effort to meet their goal, the company has opened a new production facility in Nisku, Alberta. While their consumer retail line of products, Planet Hemp, recently launched in the UK and Canada.Holmes believes the boost in supply will increase their shareholder value.
Buy It In Bulk
Hempco has been primarily a hemp seed food bulk supplier around the globe. It is also a global contender in the resurgence of what is the largest domesticated crop on Planet Earth.“The focus of Hempco is whole crop utilization. So, that’s providing the highest quality of healthy food products and fiber products,” Holmes said.According to Holmes, Hempco had a great year in 2016. They did $5.2 million in sales and in the last five months they have already done nearly $4 million in sales.For more information on Hempco Food and Fiber (HEMP.V) please fill out the form below.