TSX.V – HEMP
VANCOUVER, Dec. 29, 2017 /CNW/ - Hempco Food and Fiber
Inc. (TSX.V: HEMP) ("Hempco®" or the "Company") is
pleased to announce that, effective immediately, the Hempco Board
of Directors has appointed Diane
Jang as a director of Hempco. Ms. Jang was appointed CEO for
Hempco effective December 11, 2017.
She was appointed to the Board of Directors of Aurora Cannabis at
its AGM held November 13, 2017.
With over 27 years of business experience in the
Consumer-Packaged Goods industry, Ms. Jang has a proven track
record in strategic planning, business development and increasing
profitability. Previously, Ms. Jang has successfully led companies
in the Consumer-Packaged Goods sector as President at Sunrise Soya
Foods and General Manager at Earth's Own Food Co Inc., and also
serves as a Director of Big Sisters of BC Lower Mainland. Ms. Jang
holds a Bachelor of Business Administration from Simon Fraser University.
Stock Option Grant
The Company further announces that it has granted 200,000 stock
options (the "Options") to Ms. Diane
Jang, at an exercise price of $1.88 per Option. Each Option will have an
exercise term of three (3) years and vesting will be determined by
management.
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
President
HEMPCO FOOD AND FIBER
INC.
charles@hempcocanada.com
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. Forward-looking statements in this press
release include the Company's anticipation of further growth, its
expectation that continued spot inspections by the Canadian Food
Inspection Agency will strengthen its standing as a trusted
supplier, its intent to achieve the BRC Global Standard for Food
Safety and its efforts to implement these standards at its
Nisku, Alberta facility, its
expectation that the Nisku
facility will be operational by Winter 2017/2018, and its belief
that the investment agreement with Aurora will be approved by its
shareholders and help accelerate further growth. 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 Companies
are 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.
The 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.
SOURCE Hempco Food and Fiber Inc.