Access to 1,900 store retail network serviced by
Kane Vet
VANCOUVER, March 19, 2018 /CNW/ - Hempco Food and Fiber
Inc. ("Hempco" or the "Company") (TSX-V: HEMP) today announced the
Company has signed a distribution agreement with Kane Veterinary
Supplies ("Kane Vet") for Hempco's Praise line of hemp animal
supplements for the canine and equine markets.
Kane Vet, founded in 1969, is a Canadian wholesale distributor
and manufacturer agent, providing a wide range of products to the
veterinary, pet, agricultural and equine markets across
Canada. Through Kane Vet, Hempco
will gain access to a retail network of up to 1,900 pet stores that
carry products supplied by Kane Vet, as well as to the veterinary
and equine market. A first purchase order was placed by Kane
Vet.
Hempco launched its Praise line of products in 2017 and is now
executing on its go to market strategy. The response to Praise
products by veterinarians and other professional animal carers has
been exceptionally positive. Hemp is a multi-faceted animal
supplement, providing the ideal recommended 1:3 ratio of omega 3
and 6 essential fatty acids, fibre, and plant-based protein
containing 10 essential amino acids that is easily digestible.
Canines and equines supplementing hemp oil, topping and protein
fiber as part of their diets have been found to experience health
and general well-being benefits of the immune system, digestion,
mobility, energy and cardiovascular health.
"This is a very important partnership with Kane Vet that has
significant potential to generate substantial sales of Praise
products into pet retail, veterinary and equine markets across
Canada," said Diane Jang, CEO. "The animal supplement market
is one of our focus areas to drive growth in 2018, and by having
our products carried by one of the most important wholesale
distributors in the country, we are exceptionally well positioned
to increase market penetration. We look forward to working with
Kane Vet on increasing market reach."
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".
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.