VANCOUVER, Oct. 24, 2017 /CNW/ - Hempco Food and Fiber
Inc. (TSXV: HEMP) ("Hempco® or the "Company") announces an update
to its news release dated May 5,
2017.
Engagement of Haywood Securities
Pursuant to the news release dated May 5,
2017, Hempco has issued a final tranche of 125,000 in full
satisfaction of the agreement with Haywood Securities ("Haywood").
Haywood was engaged to provide
financial advisory services to the Company in connection with the
Aurora Cannabis transaction. This engagement has been completed and
the Company issued a total of 250,000 to Haywood in two tranches. This current share
issuance represents the final payment to Haywood Securities and
Hempco has no further obligation to issue any additional cash or
securities to Haywood under this
agreement.
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 "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"
Charles Holmes
Chief Executive Officer
HEMPCO FOOD AND FIBER
INC.
Neither 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.
Statements in this press release regarding the Company which
are not historical facts are "forward-looking statements" that
involve risks and uncertainties. Such information can
generally be identified by the use of forwarding-looking wording
such as "may", "expect", "estimate", "anticipate", "intend",
"believe" and "continue" or the negative thereof or similar
variations. Since forward-looking statements address future events
and conditions, by their very nature, they involve inherent risks
and uncertainties such as the risk that the closing may not occur
for any reason. Actual results in each case could differ
materially from those currently anticipated in such statements due
to factors such as the decision of the TSXV to reject any grant of
options or any person to act as investor relation service
providers. Except as required by law, the Company does not intend
to update any changes to such statements.
SOURCE Hempco Food and Fiber Inc.