MONTREAL, March 13, 2018 /CNW/ - Relevium Technologies
Inc. (TSX.V: "RLV", OTCQB: "RLLVF" and Frankfurt: "6BX")
("Relevium") and Hempco Food and Fiber Inc (TSX.V:
"HEMP") (`Hempco`) are pleased to announce the launch of
five PlanetHemp® products in the U.S., which are expected to be
live the week of March 19, 2018.
Highlights
- Initial launch of five (5) products under the PlanetHemp®
brand
- Subsequent additions to the PlanetHemp® product offering in
planning stages
- Relevium will launch a Bioganix® Hemp-based Vegan Omega
Essential Fatty Acids
Aurelio Useche, CEO
of Relevium stated: "Increasing market awareness of the
beneficial properties of hemp are creating strong momentum in the
food and food additives space. Through our exclusive partnership
with Hempco, giving us access to its PlanetHemp® brand, we are
exceptionally well positioned to gain market share in this rapidly
growing segment of the market. The launch of these products in
the United States via Amazon, and
in the future on other main sites, such as Jet.com, is an important
milestone for both companies. We anticipate this will drive
considerable growth and create significant shareholder value for
both companies."
Diane Jang, CEO of Hempco Canada
stated: "We are pleased with Relevium's initiatives towards the
launch of the PlanetHemp® products in the U.S. Market. This
relationship adds a significant presence on the most important
eCommerce channels in the U.S. and we look forward to building a
successful long-term and expanding relationship with
Relevium."
The initial launch will comprise of five (5) products, including
PlanetHemp® Protein Superfoods and Hemp Seeds.
Relevium will also be launching a Hemp-based Vegan Omega
Essential Fatty Acids under its Bioganix® brand.
About Hemp and Derivatives
Hemp is a distinct variety of the Cannabis
Sativa plant that is grown specifically for its derived
products and applications. Hemp has gained considerable
popularity because of its health and wellness effects on humans and
pets, primarily due to its well-balanced nutritional value,
alkalinity and the presence of cannabidiol, a compound known to
promote and support overall health.
According to a recent article published by Forbes, hemp-derived
cannabidiol (CBD) is projected to be a billion-dollar market in
just three years, according to a new report by Brightfield Group.
The data company estimates that hemp CBD sales have already hit
$170 million in 2016 and a 55%
compound annual growth rate over the next five years will cause the
market to crack the billion-dollar mark.
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 56,000sq. ft. facility located at Nisku,
Alberta. Hempco's common shares
trade on the TSX Venture Exchange under the symbol "HEMP".
About Relevium Technologies
Relevium is a TSXV-listed company focused on growth through the
acquisition of businesses, products and/or technologies with a
focus on e-commerce in the growing health and wellness sector.
Relevium Technologies Inc. also holds patented intellectual
property for the use of static magnetic fields for application on
wearable devices.
Neither TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in policies of the TSX Venture
Exchange) accepts responsibility for the adequacy or accuracy of
this release.
Cautionary Note Regarding Forward-Looking Statements
This release includes certain statements and information that
may constitute forward-looking information within the meaning of
applicable Canadian securities laws. All statements in this news
release, other than statements of historical facts, including
statements regarding future estimates, plans, objectives,
assumptions or expectations of future performance, including the
timing and completion of the proposed acquisitions, are
forward-looking statements and contain forward-looking information.
Generally, forward- looking statements and information can be
identified by the use of forward-looking terminology such as
"intends" or "anticipates", or variations of such words and phrases
or statements that certain actions, events or results "may",
"could", "should", "would" or "occur". Forward-looking statements
are based on certain material assumptions and analysis made by the
Company and the opinions and estimates of management as of the date
of this press release, including the assumptions that the Company
will obtain stock exchange approval of the Offering, the proposed
acquisition will occur as anticipated, that the Company will raise
sufficient funds, and that the Company will obtain all requisite
approvals of the acquisition. These forward- looking statements are
subject to known and unknown risks, uncertainties and other factors
that may cause the actual results, level of activity, performance
or achievements of the Company to be materially different from
those expressed or implied by such forward-looking statements or
forward-looking information. Important factors that may cause
actual results to vary, include, without limitation, the risk that
the proposed acquisitions may not occur as planned; the timing and
receipt of requisite approvals and failure to raise sufficient
funds under the Offering. Although management of the Company has
attempted to identify important factors that could cause actual
results to differ materially from those contained in
forward-looking statements or forward-looking information, there
may be other factors that cause results not to be as anticipated,
estimated or intended. There can be no assurance that such
statements will prove to be accurate, as actual results and future
events could differ materially from those anticipated in such
statements. Accordingly, readers should not place undue reliance on
forward- looking statements and forward-looking information.
Readers are cautioned that reliance on such information may not be
appropriate for other purposes. The Company does not undertake to
update any forward-looking statement, forward-looking information
or financial outlook that are incorporated by reference herein,
except in accordance with applicable securities laws. We seek safe
harbor.
On Behalf of the Board of Directors
RELEVIUM
TECHNOLOGIES
INC.
|
HEMPCO FOOD AND
FIBER INC.
|
Aurelio
Useche
|
Diane
Jang
|
President and
CEO
|
CEO
|
For more information about this press release:
For Relevium
Tel: +1.888.528.8687
RELEVIUM TECHNOLOGIES INC:
Email: investors@releviumcorp.com
Website: www.releviumtechnologies.com
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SOURCE Hempco Food and Fiber Inc.