Hempco has begun to fit out a 50,000-square-foot hemp seed food and fiber processing plant in Alberta, Canada.
The new facility near Edmonton builds on an agreement for the land from November, and will include enough capacity every year for 5,000 tons of hemp seed, 20,000 tons of hemp fiber stock and 2,000 tons of hemp leaf and flower chaff. At current market rates, those levels of output are worth nearly CAD 2.1 billion ($1.57 billion) in sales value.
Hempco CEO Charles Holmes said: “It’s the perfect location and facility for fulfilling our mandate of ‘whole crop utilization’. We still have a lot of work to do, and more money to spend to get it running the way we want, and we will need to hire many more good people……Read More