VANCOUVER, March 14, 2018 /CNW/ - Hempco Food and Fiber Inc.
("Hempco" or the "Company") (TSX-V: HEMP) today announced the
Company has signed a market making agreement with Trapeze Capital
Corp. ("Trapeze")
The Company has retained Trapeze Capital Corp. of Toronto, Canada to provide market-making
services in accordance with TSX-V policies. Under the terms of
their agreement (the "Agreement"), Trapeze will receive cash
compensation of $5,500 per month and
will not receive any Common Shares or options of Hempco as
compensation. Trapeze does not currently own any securities of
Hempco, however, Trapeze and its clients may acquire a direct
interest in the securities of Hempco. Hempco and Trapeze are
unrelated and unaffiliated entities, and the principals of Trapeze
are Herb Abramson, Randall Abramson and Adam Abramson. Trapeze is a member of the
Investment Industry Regulatory Organization of Canada, a participating organization of TSX
and a member of TSX-V. The capital and securities required for any
trade undertaken by Trapeze as principal will be provided by
Trapeze. The Agreement is for an initial term of 180 days, with
automatic renewals for a further 180 days unless terminated.
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".
On behalf of the Board of Directors
Diane Jang
Chief Executive Officer
This news release includes statements containing certain
"forward-looking information" within the meaning of applicable
securities law ("forward-looking statements"). Forward-looking
statements are frequently characterized by words such as "plan",
"continue", "expect", "project", "intend", "believe", "anticipate",
"estimate", "may", "will", "potential", "proposed" and other
similar words, or statements that certain events or conditions
"may" or "will" occur. These statements are only predictions.
Various assumptions were used in drawing the conclusions or making
the projections contained in the forward-looking statements
throughout this news release. Forward-looking statements are based
on the opinions and estimates of management at the date the
statements are made, and are subject to a variety of risks and
uncertainties and other factors that could cause actual events or
results to differ materially from those projected in the
forward-looking statements. Hempco is under no obligation, and
expressly disclaims any intention or obligation, to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, except as expressly
required by applicable law.
Neither TSX-V, nor its Regulation Services Provider (as that
term is defined in the policies of TSX Venture Exchange) accept
responsibility for the adequacy or accuracy of this
release.
SOURCE Hempco Food and Fiber Inc.