CEO Clips: Charles Holmes | Hempco Canada | Hempseed is One of World's Most Nutritious Food Sources
Hempco (HFF:TSX.V) would like to make hempseed more accessible, making them a common household item. To do this, the company is expanding supply along with their processing capacity.
“One of the key challenges we have in 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.”
Opening a new production facility in Nisku, Alberta and launching a consumer retail line of products, Planet Hemp, which recently launched in the UK and Canada, are an effort to meet their goal.
Holmes believes the expanded production plant and the new product will not only increase supply but also shareholder value.
“The focus of Hempco is whole crop utilization. So, that’s providing the highest quality healthy food products and fiber products,” Holmes said.
According to Holmes, Hempco had a great year, last year. They did $5.2 million in sales and in the last five months they have already done nearly $4 million in sales
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