VANCOUVER, Oct. 5, 2017 /CNW/ - Hempco Food and Fiber Inc.
(TSX.V: HEMP) ("Hempco" or the "Company") today
provided an update on a grant of options.
Stock Option Grant
The Company announces that it has granted 150,000 stock options
(the "Options") to a new Director, at an exercise price of
$0.60 per Option. Each Option will
have an exercise term of three (3) years from the grant and vesting
will be determined by management. The incentive stock options
were granted in accordance with the Company's Stock Option
Plan.
About Hempco
For more than 12 years Hempco has been a trusted and respected
pioneer, innovator and provider of premier hemp seed foods. Hempco
is committed to developing hemp foods, hemp fiber and hemp
nutraceuticals, a whole crop utilization "tri-crop" opportunity for
producers and processors. 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".
Hempco has grown its business significantly and is generating value
and profits for shareholders.
ON BEHALF OF THE
BOARD
Charles Holmes
Chief Executive Officer
HEMPCO FOOD AND FIBER
INC.
charles@hempcocanada.com
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.
SOURCE Hempco Food and Fiber Inc.