VANCOUVER, Dec. 28, 2017 /CNW/ - Hempco Food and Fiber
Inc. (TSX.V: HEMP) ("Hempco®") is pleased to provide an update to
the news release dated December 27,
2017.
With the graduation to a Tier 1 listing, the underlying CPC
common shares of Hempco previously held pursuant to the rules of
the TSXV will now be governed by the release provisions of Tier 1
Issuer escrow. As such, an aggregate of 191,250 common shares
escrowed under the original CPC agreement will be eligible for
release from escrow immediately.
About Hempco Food & Fiber Inc.
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". Hempco
has grown its business significantly and is generating value and
profits for shareholders.
On behalf of the Board of Directors,
HEMPCO FOOD AND FIBER INC.
Diane Jang,
CEO
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. The Company 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 nor its Regulation Services
Provider (as that term is defined in the policies of Toronto Stock
Exchange) accepts responsibility or the adequacy or accuracy of
this release.
SOURCE Hempco Food and Fiber Inc.