Charles Holmes Appointed
President
HEMPCO FOOD AND FIBER INC. Symbol: TSX.V –
HEMP
VANCOUVER,
Nov. 14, 2017 /CNW/ - Hempco
Food and Fiber Inc. ("Hempco") (TSX-V: HEMP) today announced that
effective December 11, 2017,
Diane Jang has been appointed as its
new CEO. Further to the investment agreement between Aurora
and Hempco, Ms Jang will be succeeding Charles Holmes, who will continue to serve as
Hempco's President in order to focus on the commercial development
of the organization.
Ms. Jang, who was appointed to the Board of Directors of
Aurora Cannabis at its AGM held November 13,
2017, is an experienced business executive, having led
several companies in the premium foods and plant-based protein
sectors to become leaders in their industry. With over 27
years of business experience in the Consumer-Packaged Goods
industry, she has a proven track record in strategic planning,
business development and increasing profitability. Previously, Ms.
Jang led successful companies 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.
"We are delighted to appoint Diane, whose deep background
in Consumer-Packaged Goods within the retail and natural foods
industry, has agreed to take the helm at Hempco," said Allan Cleiren, COO of Aurora and Board member
for Hempco. "We are very excited about our investment in Hempco and
the opportunities our collaboration creates for both companies, and
we look forward to working closely with Diane, Charles and their
team to take Hempco to the next level."
Ms Jang added, "Hempco is exceptionally well positioned to
capitalize on a large number of opportunities due to the extreme
versatility of Hemp as a plant-based protein source and superfood.
Beyond that, if plant utilization legislation will change as we
anticipate, Hempco, through its collaboration with Aurora, can play
a meaningful role in supplying raw material for the production of
CBD oil, as well as leverage its commercial infrastructure as a
strong go-to-market tool. I am very excited about this opportunity,
and look forward to being part of the Hempco team."
Mr. Holmes added, "The appointment of Diane significantly
strengthens our management team and allows us to focus on pursuing
continued growth through expansion of our sales domestically and
internationally, as well as the introduction of new product lines.
I am very pleased being able to now fully focus on executing our
whole-plant-utilization vision."
About Us
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
Charles Holmes
Chief Executive Officer
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.