VANCOUVER, Feb. 22, 2018 /CNW/ - Hempco Food and Fiber
Inc. (TSX.V: HEMP) ("Hempco®" or the "Company") is
pleased to announce that the Company has been recognized in the
2018 TSX Venture 50™ as one of the top performing companies in the
diversified industries sector.
Every year, the TSX Venture 50™ ranks the top performers on the
TSX Venture Exchange by share price appreciation, trading volume
and market capitalization growth. The winning companies have
achieved impressive growth over the past year, offered a strong
return to their shareholders, and are actively traded on the
market.
"We are honoured to be recognized in the 2018 TSX Venture 50™,
which we believe to be a validation of our positioning and
long-term strategy," said Diane
Jang, CEO. "As consumer demand for plant-based protein and
whole food nutrition continues to show strong positive momentum, we
anticipate that a growing number of people will seek to incorporate
hemp-based foods and food supplements into their diet. In addition,
with the introduction of the new Cannabis Act likely only months
away, we will be able execute on our whole plant utilization
strategy. Hempco is exceptionally well positioned to capitalize on
these opportunities and pursue accelerated growth."
A full list of winners will be available this morning from
8:30am ET at
www.tsxventure50.com.
About TSX Venture 50™
The TSX Venture 50™ are the top 10 companies listed on the TSX
Venture Exchange, in each of the five major industry sectors -
mining, oil & gas, clean technology & life sciences,
diversified industries and technology - based on a ranking formula
with equal weighting given to return on investment, market cap
growth, trading volume and analyst coverage. All data was as of
December 31, 2017.
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
Diane Jang
CEO
HEMPCO FOOD AND FIBER INC.
diane@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.